October 14, 2010 |
The decaying former headquarters of aviation giant Howard Hughes will be turned into an office campus for creative tenants as part of a $50-million makeover of the famous operation at Playa Vista. The complex includes the enormous hangar where Hughes built his infamous Spruce Goose airplane but is now used mostly as a sound stage for movie and television production. The seven-story structure will be upgraded to contain five sound stages that could be used simultaneously, new owner Wayne Ratkovich said.
May 19, 1985
We are writing to express our disappointment in Sam Hall Kaplan's column, "A Lesson for Pershing Square." We are concerned that Kaplan has criticized the approach that is being launched to revitalize Pershing Square without understanding the planning process currently being developed by the Pershing Square Management Assn., the Community Redevelopment Agency and the Department of Recreation and Parks. These groups are dedicated to exactly the same thoughtful process for revitalization that Kaplan advocates.
February 24, 2012 |
Move over, Spruce Goose. Here comes YouTube. Internet video site YouTube and marketing agency Earthbound Media Group have agreed to be the first tenants at the Hercules Campus, an office park being created by Los Angeles developer Wayne Ratkovich from buildings in Playa Vista that were once the hub of aerospace giant Hughes Aircraft Co. YouTube will take over a 41,000-square-foot warehouse and office. Earthbound Media will move its headquarters from Orange County to a 15,000-square-foot building where technicians assembled the cockpit for the legendary Hughes H-4 Hercules seaplane, commonly known as the Spruce Goose.
June 6, 2008 |
Variety, a venerable trade publication for the entertainment business, agreed Thursday to move its offices a few blocks down Wilshire Boulevard to a high-rise across from the Los Angeles County Museum of Art that will be renamed the Variety Building. "After 20 years at our current location, we need more space" for the publication, said Michael Speier, executive editor of news at Variety. The daily newspaper and parent company Reed Business Information should move to their new quarters by year-end, said Wayne Ratkovich, president of Ratkovich Co., owner of the 30-story tower at 5900 Wilshire Blvd.
October 23, 1986 |
Make no little plans, they have no magic to stir men's blood. --Developer James W. Rouse, quoting a turn-of-the-century urban planner. Since buying the old Pike amusement park site in late August, nationally known developer James Rouse and his Los Angeles partner Wayne Ratkovich have been stirring local imaginations with their grand plans. The partners have quickly spread the word that they want to build, as Rouse says, "a place of joy" on the waterfront where the raucous Pike once stood.
CALIFORNIA | LOCAL
May 22, 1992 |
Renovation of the Los Angeles Memorial Coliseum, announced last fall as a $175-million to $200-million project, is being scaled back "to about half that magnitude," according to the new real estate developer retained by the Coliseum's private managers. Developer Wayne Ratkovich said he hopes to launch work on the renovation by January, 1993--as was originally promised--but acknowledged it would take "a minor miracle" to do so.