PENNSYLVANIA AVE — The search is over.

Three years after Google announced it would leave Santa Monica for Venice, another search engine, Yahoo, says it will leave the city by the sea for an office in Playa Vista this fall.

Yahoo signed a long-term lease for a 130,000-square-foot space, at the 6-acre Collective Campus in Playa Vista, which is a neighborhood in Los Angeles.

Yahoo will take its more than 400 jobs along with it.

The announcement came via a press release from the Los Angeles Mayor Eric Garcetti, who said the move will signal to other companies that Los Angeles “is where the next big thing is going to be.”

“This move proves that L.A. is accelerating as a center of technology and entertainment, to the benefit of our overall economy and every Angeleno,” he said.

In Santa Monica, office space vacancy rates are some of the lowest in the region, City Manager Rod Gould said last year.

The Bergamot Transit Village, proposed by the Texas-based developer Hines, would have brought 375,000 square feet of creative office space to the city later in the decade. It was approved by council last year and then overturned after residents, fearing the traffic the development would have created, mounted a referendum campaign.

“We’ve been aware of Yahoo’s need to consolidate their regional presence and create a large campus,” City Hall’s Economic Development Manager Jason Harris told the Daily Press. “Because of our low vacancy rate and limited office space, we have seen several companies ultimately move their offices out of Santa Monica in order to meet their growing needs.”

Riot Games, makers of one of the most popular video games in the world, left Santa Monica with more than for Los Angeles with nearly 1,000 employees last year, as did Sony Santa Monica, which moved to Playa Vista (but kept our name). Sony employed 220 workers in the city. IMAX, a film projection format company known for its larger-than-life nature films, announced it and its 130 workers would leave for Playa Vista early this year. Whisper, a secret-sharing social network app, was operating out of a home, without City Hall’s consent, on the north side of the city, until it found space in Venice last year.

On the flip side, Twitter, the short-form social networking platform opened an office on Main Street last year.

“While we are disappointed to see Yahoo leave, we’re pleased that they are committed to staying within the greater Silicon Beach area and will continue to provide jobs and services to our residents, businesses, and regional partners,” Harris said. “We are optimistic that this will create opportunities for some of our smaller Silicon Beach businesses that started in Santa Monica to continue to grow and prosper within our City.”

A Yahoo spokesperson told the Daily Press that the company will maintain its current space in Burbank.

“We worked hard to identify the right office situation for Yahoo! in Southern California to better match our space and collaboration needs,” Yahoo CFO Ken Goldman said in Garcetti’s release. “While we have always had a presence in Southern California, working out of the City of Los Angeles is a priority for us now more than ever. In the fall of 2015, teams currently based out of our Santa Monica office will transition to our new Playa Vista campus.”

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