Former ArtistDirect Building, re-Leased, offered for sale.WITH Infinity Broadcasting Corp. signed to a long-term lease and its penthouse apartments
A penthouse apartment or penthouse is a special apartment that is at the top of the building and differentiated from other apartments in the building by fully leased, 5670 Wilshire Blvd. has gone on the market. A partnership formed by J.H. Snyder Co. and Goldrich & Kest Industries LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control will begin marketing the 27-story tower, after Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. , said Jerry Snyder, the firm's principal. Outside brokers said the property could be valued as high as $110 million, but Snyder declined comment on the price. Secured Capital Corp. has the listing on the 408,000-square-foot property, constructed in 1964 as the headquarters of California Federal Savings & Loan. In the early '90s, CalFed moved across the street to the Wilshire Courtyard project it helped finance. The building was for a time the headquarters of dot-com-cum-record company ArtistDirect, which after a series of downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing moves left last year for Westwood. Infinity is consolidating several of its local radio stations in 60,000 square feet of the building in a 10-year, $20 million lease. Viacom Inc., Infinity's parent, has leased another 35,000 square feet in a 15-year deal. The partnership has also successfully completed the conversion of the top two floors into residential units. The five units have been leased, renting for about $4,000 per month. Further down the boulevard, Heitman Financial LLC has listed Wilshire Rodeo rodeo (rō`dēō, rōdā`ō), public exhibition of the skill of cowboys in various activities. Events include riding broncos, riding steers, "bulldogging" steers, roping and tying steers and calves, the use of the lasso, and Plaza, at 9560 Wilshire Blvd. The Chicago-based fund manager has hired Eastdil Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. to sell the property, which it bought in December 1995 on behalf of a pension fund for the state of Florida. The property, purchased for $37 million, is expected to sell for more than $100 million. The office component is nearly fully leased to UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System and United Talent Agency and the retail space includes Nike and Burberry stores. Staff reporter Andy Fixmer can be reached at (323) 549-5225, ext. 263, or at afixmer@labusinessjournal.com. |
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