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Colony Capital Transitions California Corporate HQ to Florida
Colony Capital, Inc. is the latest California-based company to relocate its corporate home out of the Golden State. The global investment firm reported on Tuesday it relocated its headquarters from Los Angeles to 750 Park of Commerce Dr. in Boca Raton, FL.
Colony’s President and CEO Marc Ganzi says, “The move reflects our business transformation and centers the business around our core digital infrastructure platform. Making this move improves efficiency, collaboration and cost-competitiveness, while providing an exceptional work environment for our employees. We will continue to have a meaningful presence in Los Angeles, with many key executives and staff based there.”
Digital Colony, the company’s digital infrastructure investment management business, has been based in Boca Raton for more than a decade. That’s where Ganzi (pictured), and Jacky Wu, EVP and CFO, are based.
The transition is consistent with the company’s strategic realignment to an exclusive focus on digital infrastructure. The move also supports an ongoing focus on streamlining corporate structure and realizing operational savings.
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