September 12, 2011 |
The Beverly Hills headquarters building of Live Nation Entertainment Inc., the world's largest concert promoter, was sold by former entertainment mogul Michael Ovitz to a New York landlord for $20 million. Tishman Speyer bought the renovated industrial building near City Hall from Ovitz and his partners. The property at 9348 Civic Center Drive was built in 1925 as an ice and cold storage plant and is still known as the Ice House. It was converted into offices in the mid-1990s. Live Nation, which merged with rival Ticketmaster last year, has been the main tenant in the four-story Ice House since 2006 and plans to stay there until at least 2020, according to real estate data provider CoStar.
March 3, 2011 |
One of the largest industrial buildings near John Wayne Airport in Orange County has been purchased out of receivership by Alliance Commercial Partners for $23.1 million. The building at 2001 E. Dyer Road in Santa Ana had been used as corporate headquarters by GT Bicycles and 3 PL Global. It is now mostly empty. Alliance paid about half of the previous sale price for the building, said Bob O'Neill, director of acquisitions for the Lakewood, Colo., real estate investment company.
February 9, 2011 |
The pornography industry, like the rest of Hollywood, has been buffeted by the economic downturn, the falloff in DVD sales and a cornucopia of free content on the Internet. Still, for better or worse, the adult entertainment business remains alive and well in the San Fernando Valley, where thousands of films are shot every year in warehouses and private homes. One of the 10 busiest sites for on-location filming in Los Angeles last year was a two-story industrial building in Chatsworth operated by Penthouse Studios, a spinoff of the adult magazine.
May 24, 2010 |
The drills, saws and sanders that fell silent during the economic slowdown are beginning to whir again. For the first time in years, U.S. builders are hiring laborers. The nation's construction industry added 14,000 jobs nationwide in April, according to the Labor Department, marking the first back-to-back monthly gains in that sector since 2006. In all, 29 states gained construction jobs that month, according to data released Friday by the Associated General Contractors of America.
April 16, 2010 |
At the launch center where the U.S. had dominated space travel over the last half-century, President Obama on Thursday laid out a new vision for the nation's space ambitions, focusing on future deep-space missions rather than a return trip to the moon. The proposal differs significantly from the austere agenda that Obama laid out in January when he terminated the moon program. Critics then attacked his decision as a historic withdrawal of U.S. ambitions in space travel just as China and other developing nations are gearing up to retrace U.S. steps on the moon.
June 3, 2009 |
I just got back from riding down the bike path along the Los Angeles River, and I'd like to write some Whitmanesque stanzas about the atomic oneness of nature, but the diesel fumes have aggravated my asthma and my ears are still ringing from the trucks blaring past on the Golden State Freeway. When John Muir wrote about the effects of time spent in the wilderness -- "the galling harness of civilization drops off, and wounds heal ere we are aware" -- he wasn't thinking about the L.A. River.