WPCNR BUSINESS NOTHING PERSONAL. May 20, 2007: Publisher's Weekly reported this week that Disney Publishing Worldwide, currently headquartering on 114 Fifth Avenue on Manhattan, is moving to White Plains in October.  The announcement was made through an e-mail to its employees.  The company through a spokesman would not disclose the location it was moving to in White Plains, but said "there will be cost savings" in rent.  The spokesman also said the new location would provide conferencing facilities and an office layout conducive to promoting team involvement on projects. PW reports 175 of Disney Pubishing's 225 New York employees are planned for the new mystery location.

Observers of the White Plains office market scene noted to WPCNR that the relocation of such a prestigious name as Disney to White Plains would have positive effect on the $70 a square foot average  rental space for offices in the White Plains market.