Chicago and the rest of the world woke up to the news that Harpo Studios is now officially “Sold.” ABC news, here in Chicago, reported today’s breaking news in its early Sunday morning newscasts. Oprah Winfrey sold the building for an ‘undisclosed’ amount to the Sterling Bay Investment Firm, which is a Real Estate firm in Chicago. It’s the end of an era that was the beginning of the Oprah empire, as Chicago has come to know her.
Ms. Winfrey apparently purchased the West-side building for her Oprah Show back in 1988. She has since used it for the production of her OWN Network- y’all remember how Rosie O’ Donnell moved her family to The Windy City under Oprah’s Own umbrella and into the Harpo Studios?
Well, we all know how that turned out. Not only that, Lady “O” reportedly lost a lot of money on a couple of her property sales, including that store located right across from the Harpo Studios. Don’t remember the store? Here’s a picture: Okay, a sign leading to the store:)
Well, the store sold Oprah souvenirs/memorabilia and clothes, but apparently it didn’t fare very well because Oprah sold it. She also sold her Chicago condo that she purchased back in 2006 and never even stayed in it! Allegedly 🙂 Oprah lost a lot of money from both sales. That’s not all, people, the tea is that she is thinking of selling her house and moving into something less grand!
I think what we’re missing in all of these Oprah sightings and the question we should be asking ourselves, is this- Is Oprah trying to distance herself from Chicago? I mean, she’s living the life out there in California and all over the world and such- Does she intend to leave just her Oprah legacy for us Chicago-ans? hmm.
Even though Oprah sold Harpo (Oprah spelled backwards) she reportedly has license to use it for the next 2 years for her production work- I suppose that means her Own Network productions. Y’all know since Oprah teamed with Tyler Perry and he helped turn her Own Network into Net-worth, she listens to his financial money matters, mainly how to get more, more, more. just sayin’
Oprah is probably taking Tyler Perry advice to sale and relocate- remember the law of the land when it comes to owning property in Real Estate- “location-location-location.” Now, I don’t know about you people, but if Warren Buffet or Tyler Perry spoke to me- I’d listen:)
B.T.W. Oprah Winfrey ain’t got nothin’ on these 15 Most Powerful Chicago women, except maybe cash, fame, notoriety and the farm in Indiana that I always wanted to put down an IOU ( did she sell that too?) including yours truly. We have been written about in “Shorty Your Chicago South Side Resource” just one of Chicago’s mainstays that serves the South Side of Chicago and spearheaded by Ms. Marcie Hill, an award-winning blogger, author and journalist.
Read the breaking news here: http://www.goshorty.net/south-side-most-powerful-women