Lots of space is being turned into creative office, but how much comes with its own creative muse? Silver Commercial's Hannah McCarthy, Kathleen Silver, and Kay Sasatomi tell us that a three-story brick industrial building in Hollywood--once part of Charlie Chaplin studios--was sold to an LLC that plans to convert it into artist studios and lofts. The firm repped the seller, a family trust that had owned the property for decades. The legendary entertainer, who died in 1977, sold it to the seller's father. Nick Hadim repped the buyer.

The 21k SF building occupies two parcels at 5176 Santa Monica Blvd, and the rooftop offers 300-degree views of the Hollywood sign, Griffith Park, and city lights. It was on the market less than four weeks before going into escrow. Most recently, it was used for filming, rehearsals, and events. Kay and Kathleen heard from creatives who couldn't find property Downtown, as well as Silver Lake musicians and artists needing stages or galleries. With the competitive gold rush for creative space, they say, Hollywood is moving east and Downtown is moving west.