Move Renews Westlake Village Lease

Move Inc., operator of Realtor.com and a subsidiary of News Corp., has renewed its lease in Westlake Village, according to Boston tenant representative firm Cresa. The deal, which was signed in November, renews Move’s 65,000-square-foot space at 30700 Russell Ranch Road. The online real estate services company has leased space in the building for about 15 years and is the building’s largest tenant, according to CoStar Group Inc. According to CoStar, the Class A building has a 12.7 percent vacancy and the average annual rent is $33 a square foot. Details of the transaction were not disclosed. Move received a tenant improvement allowance to do renovations as part of the deal, according to Cresa. Cresa’s David Toomey, Brian Davies and Carlo Brignardello represented Move in the deal, while CBRE brokers Matt Heyn, David Solomon and Troy Pollet negotiated on behalf of the landlord, Blackstone Group.