Tag Archives: ICM

Creative industries account for majority of leasing demand – Los Angeles Q1 2016

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LA_OfficeInsight_Q12016

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Large consolidation paves way for higher rents 
Douglas Emmett, along with QIA (Qatar Investment Authority), an 80 percent partner, purchased the four-building EOP/Blackstone-Westwood portfolio. The estimated purchase price was $1.3 billion with a 3.7 percent cap rate. The buyer, Douglas Emmett, already owned… Read More

Media and entertainment drive first quarter leasing activity

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COW_Los Angeles_office_April 4 2016

The media and entertainment sectors accounted for over a third of all leasing activity during the first quarter. Large entertainment transactions included distributor and producer Netflix signing a 123,300 s.f. lease in Hollywood while talent agency International Creative Management (ICM) leased 108,300 s.f. in Century City.

On-location filming in Greater Los Angeles increased 1.3 percent in 2015 to 37,289 shoot days.… Read More