Printer Friendly
The Free Library
14,651,231 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Five of L.A.'s Most Popular Buildings for Tech Tenants.


For high-tech firms looking to get off the ground, finding office space is almost as important as attracting venture capital.

One Wilshire

There are many implications in where a virtual business is located, from bandwidth potential, to the image it provides, to its ability to attract new-media workers. Here is a selection of some of L.A.'s most popular buildings among high-tech tenants.

WHILE many of downtown's trophy towers gather dust, others are scrambling to fill the needs of a new breed of tenant: dot-coms and telecoms.

Telecommunication firm like to be clustered to cover gaps in their service, and One Wilshire has the required infrastructure -- in part because it long has been home to such companies. As a result, the 31-story building at 624 S. Grand Ave. downtown is fully leased, and its popularity is spilling over to nearby properties, many of which are now filling up with telecom users.

The real attraction of One Wilshire and its neighbors isn't high-tech infrastructure - after all, most were built long before high-speed data networks existed. Rather, telecom firms are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 large amounts of available space at low rents. Much of One Wilshire is jammed with switching equipment rather than people, so it's no longer a traditional office building at all.

Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries.  Business Park

TENANTS such as Cooking.com and Stamps.com began flocking to the Ocean Park Boulevard address after Internet titan eToys Inc. moved there in the summer of 1998, taking 12,000 square feet. Now the firm occupies 150,000 square feet.

Good parking, accessibility to restaurants and a low-rise environment are the plusses these startups found irresistible. They also like the Westside location, which helps lure tech employees.

But the center didn't set out to be a new-media magnet. "It's really an accident and coincidence that these properties had features that young Internet firms wanted," said Matthew Miller Matthew Miller may refer to:
  • Matthew Miller (journalist) (b. 1962), American journalist and NPR host and commentator; Center for American Progress senior fellow
  • Matisyahu aka Matthew Miller (b.
, a principal at Brentwoodbased brokerage Cresa Partners. "What people like about it is that it's plug and play. It's got the right layout, A/C, electricity and cable to service their needs."

Developed in the late 1970s by Transpacific trans·pa·cif·ic  
adj.
1. Situated on or coming from the other side of the Pacific Ocean.

2. Spanning or crossing the Pacific Ocean.
 Development Co., the business park was purchased by Menlo-Park-based Spieker Properties in February 1998. It encompasses just under 1 million square feet of space, consisting of 13 low-rise office buildings and six retail structures including banks and restaurants.

Spieker embarked on a two-year refurbishment last summer to build outdoor plazas, paseos, courtyards and additional trees, as well as updated signage. The $6.5 million investment includes a newly built, 10,000-square-foot conference center, complete with training rooms and a board room.

The park has filled up even as newer projects are built in the Westside area, including Spieker's $30 million Arboretum arboretum: see botanical garden.
arboretum

Place where trees, shrubs, and sometimes herbaceous plants are cultivated for scientific and educational purposes. An arboretum may be a collection in its own right or a part of a botanical garden.
 Courtyard completed six months ago. The business park is at 99 percent occupancy.

AT&T Wireless Headquarters

LOCATED on Park Plaza Drive in the Cerritos Towne Center The Cerritos Towne Center is a power centre located in the center of Cerritos, California that combines retailing, office, and entertainment in one master project. The Cerritos Center for the Performing Arts is located within the southwestern part of the project. , the seven-story, 225 ,000-square-foot structure provides wireless connectivity for about 800 employees in every area of the building, including hallways and elevators.

Low-powered antennas are installed throughout. To assure constant connectivity, the building is fed with double redundancies. meaning that one system will kick in if the other shuts down. Employees can go online without a hard fiber connection through a software program that enables laptop users to attach an antenna to the computer and log onto the Internet.

"You can be mobile and more transitory vs. being tied to your desk," said Rich Grimes, AT&T' s director of wireless network services.

Developed by CommonWealth Partners, the $60 million facility also has environment-friendly features such as carpet made from recycled fibers and high-efficiency glass to lower heating and cooling bills. In addition, the building's mechanical, electrical and plumbing structure has separate temperature controls so when one part of the building is shut down, people and equipment can still work in others.

The Marina Towers

WHEN the Internet business was in its infancy, two structures stood at the forefront -- and they still do. The Marina Towers on Admiralty Way in Marina del Rey Del Rey may refer to:
  • Del Rey, California, a census-designated place in Fresno County, California
  • Del Rey, Los Angeles, California, a small district in the west side of Los Angeles
  • Del Rey (band), an indie rock band
 have an assortment of new high-tech firms, including Digilink BrandX Internet and SoftAware Co. Together, the buildings contain 350,000 square feet and are about 92 percent full, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 owner TrizecHahn Office Properties.

From the outside, the black-and-white striped structures are nondescript non·de·script  
adj.
Lacking distinctive qualities; having no individual character or form: "This expression gave temporary meaning to a set of features otherwise nondescript" 
, but it's the underground part that counts.

In 1993, GTE GTE General Telephone & Electronics
GTE Génie Thermique et Énergie (French)
GTE Gas Turbine Engine
GTE Global Tropospheric Experiment
GTE Geothermal Energy
GTE Gas Turbine Efficiency plc (Sweden & USA) 
 California Inc. installed fiber-optic connections as part of the phone company's SmartPark program. Under SmartPark, buildings or entire office complexes are equipped with cables providing virtually unlimited bandwidth, with ring transport systems that provide alternate routes and redundant equipment so communication will still be possible after a disaster. The towers were the first buildings in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  to have a fiber-optic ring.

One tenant, the USC An abbreviation for U.S. Code.  Information Sciences Institute, was a key player in the research that would lead to the Internet. Today, it maintains the Los Nettos network, the primary data hub for Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks.  - meaning that local Internet service providers Internet service provider (ISP)

Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password.
 get access to the Internet by hooking up to the institute.

The robust connectivity prompted business Internet service provider SoftAware to move in five years ago.

"We have seven to eight connections through different carriers, so if one carrier goes down -- which happens daily -- we could reroute traffic and stay connected for our customers," said co-founder Rei Yoshioka.

THE seven-building campus in Calabasas boasts a 95 percent occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred)
 with monthly rental rates north of $2 a square foot per month, often more than its neighbors in the 20-mile Tech Corridor running from Calabasas to Newbeny Park. The site's high-tech roster includes XYlan xylan /xy·lan/ (zi´lan) any of a group of pentosans composed of xylose residues; major structural constituents of wood, straw, and bran.  Corp., Malibu Networks, ACT Networks, IXIA Communications and ASPengines.com.

Corporate Center at Malibu Canyon

Built 10 years ago for $55 million, the multi-phase, low-rise office complex is among the few in the area offering connectivity between buildings. Essentially, a company in one building can expand to another and create an instant phone and data connection between the two offices. In addition, all the buildings have antennas that can provide wireless connectivity.

The area's periphery is also a major draw. Companies cite the quality of life factor in the Conejo Valley The Conejo Valley is a region spanning both Southeastern Ventura County and Northwest Los Angeles County in Southern California, United States. It was discovered in 1542 by Spanish explorer Juan Rodriguez Cabrillo, and eventually became part of the Rancho El Conejo land grant by , which attracts a strong talent pool.

"There's a very good concentration of employees in the area that we can draw from by being centered here," said Shaun Manesh, chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of Malibu Networks.

Flexibility A Priority

FOR high-flying companies that need to assemble work teams quickly, space needs can ramp up Ramp Up

To increase a company's operations in anticipation of increased demand.

Notes:
A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product.
See also: Demand, Economies of Scale
 or down in a matter of hours.

That's the case with El Segundo-based Infonet Services Carp., a global data services company that moved into a build-to-suit, $25 million facility in December. You could call it the Lego office.

Developed by Kearney Real Estate Co., a division of Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Real Estate Fund, the 156,000-square-foot, T-shaped structure boasts lots of glass and aluminum detailing on the outside, giving it a futurist finish compared with its more boxy box·y  
adj. box·i·er, box·i·est
Resembling a box, especially in simplicity or rectangularity.



boxi·ness n.
 neighbors at the Grand Avenue Business Park.

The modernism is carried inside, where conventional surfaces are not what they appear to be and often serve dual purposes.

For starters, the double-sided walls are actually de-mountable partitions. Unlike drywall, the five-foot metal-framed panels are covered in fabric and can be removed and relocated to cordon off space elsewhere in the facility.

Rather than installing a logjam log·jam  
n.
1. An immovable mass of floating logs crowded together.

2. A deadlock, as in negotiations; an impasse.

Noun 1.
 of wires in the walls, which causes problems when reconfiguring space, Infonet decided to run everything below the floors to connect the 500 workstations. Except for the lobby and bathrooms, each of the three stories has an 18-inch base to accommodate heating, air conditioning and electrical hardware.

An air vent is located under each desk and employees can use a lever to adjust the volume of air pressure. To. provide power, electrical wiring runs to each station from a main distribution box on each floor. To make new connections, all that's needed is to drill a hole in the floor panel.

"If they want to rearrange people, all they have to do is plug the hole, find a new space and set up shop," said Jack Hileman,. president of Westwood-based Hileman Co., the development manager of the project.

Some 105 mini-antennas are set up throughout the building to accommodate the cell phones used by employees. 'People can work around the office without feeling trapped at a desk and not miss a call," said Dick O'Reilly, Infonet's director of administrative services.

Another benefit is lots of natural light. Without overhead ducts or drop ceilings, all that's seenon the underside of floors are exposed steel beams painted white that help add indirect lighting.

Infonet, which has $300 million in annual revenues and provides voice and data networking services for companies with overseas operations, requires constant connectivity. To ensure 24-hour operation, the building has redundant back-up systems, such as dual power and telephone feeds.

Along with the obvious high-tech features, the building has a cafeteria, dining patio, showers and lockers for people who bike or walk to work, and outside stations to charge electric vehicles.

"The feedback from our employees has been very positive about this building," O'Reilly said. "They haven't worked in an environment like this."
COPYRIGHT 2000 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Five of L.A.'s Most Popular Buildings for Tech Tenants.
Author:SARKISIAN-MILLER, NOLA
Publication:Los Angeles Business Journal
Geographic Code:1U9CA
Date:Jan 24, 2000
Words:1523
Previous Article:Real Estate Proves Fertile Ground for L.A. Web Sites.
Next Article:Bargain Hunters Push Down Vacancy at Office Buildings.
Topics:



Related Articles
Money: tough terms. (hard-to-get real estate financing means tough terms of agreement) (Finance)
Quake recovery efforts dominate quarterly action. (Industry Overview)
Having the right business address can be essential. (Los Angeles, California)(Real Estate Quarterly)
Space is tight in high-rent office towers.
First quarter sees lull in L.A.'s real estate market. (Los Angeles County, CA)(Special Report: Second Quarter Real Estate)(Industry Overview)
Radical Change as Worlds Of Tech, Real Estate Merge.
Study reveals tech tenants will pay to stay.(Statistical Data Included)
Old Economy Firms Keep Market Healthy in County.(Los Angeles County)(Statistical Data Included)
[0] L.A. Economy Slowing to a Crawl.(vacant office buildings)(Brief Article)(Statistical Data Included)
Office Tenants Face Stepped-Up Security at Higher Cost.(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles