Tom Cruise and Katie Holmes are said to be leaving tinsletown and looking to settle down in New York.

Katie's work in Arthur Miller's All My Sons has meant that the couple and their daughter Suri have been commuting back and forth from the two cities for months now.

According to PageSix the family have been buying lofts just south of 14th Street, Manhattan and want to move as soon as possible.  

A source says, "Tom and Katie now keep five units in the building. They turned one into Suri's playroom. One they use for a gym, and two apartments are for staff.

"In the past couple of months they've bought up all these other apartments. They're all separate and on different floors.”

The source adds, "Tom is seen coming in and out all the time, and he's really friendly to everyone he meets.

“But Katie just kind of keeps her head down. Everyone in the neighbourhood is buzzing about it."

See Katie' latest odd look here