News
National Commercial Real Estate

Reality TV A Hit In LA Office

LOS ANGELES There are lights, cameras, and plenty of real estate action happening in Los Angeles, particularly in the entertainment sector.Sonnenblick Development's Bob Sonnenblick (snapped at Hyatt Corp's annual luau at the AmericasLodgingInvestment Summit in LA last week), tells us movie and commercial production have been growing for six months. That means major production studios are leasing LA office space again. They and music producers are leasing for the standard 10 years. Reality shows are also doing a lot of office deals but going for two- to three-year commitments. And studio space is so full that leasing is overflowing into warehouses. (Bisnow is shopping around its own concept: a reality show about filming a reality show in such unusual quarters.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy