08/23/2014 AT 03:55 PM EDT
After two years in New York City, it looks like Katie Holmes
and daughter Suri Cruise
are branching out to the West Coast.
Holmes, 35, has purchased a home in the Los Angeles area, and she and Suri, 8, will be spending more time in California, although the actress intends to be bicoastal.
Holmes had been living in New York
since splitting with ex-husband Tom Cruise
in 2012. Over the past two years, the mother-daughter duo have enjoyed their time in Manhattan.
"I love the community in New York. I love New Yorkers. I ran into someone on the street the other day that I went to high school with – I love the moments of spontaneity every day," The Giver
star told PEOPLE in February
"New York has been very good to both of us," Holmes added. "I like feeling a part of something big."
A rep for Holmes did not respond to a request for comment.
With reporting by PERNILLA CEDENHEIM