Striking the set.The Entertainment Industry Development Corp., a private non-profit that facilitates filming for several L.A. County cities, is moving its offices to downtown's 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. Center Studios. The EIDC inked a 10-year lease for 13,000 square feet in the studio's main office tower. The deal is worth "north of $3 million," 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. Samuel M. Nicassio, president of L.A. Center Studios. "It's big for us in a number of ways," Nicassio said. "It's another validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of the renaissance that is happening in downtown L.A. and I think it will help the EIDC, since a bulk of their customers shoot in downtown." The EIDC, which is expected to move into its new offices by year's end, is leaving its offices at 7083 Hollywood Blvd.--known as the Stephen J. Cannell Stephen Joseph Cannell, (born February 5, 1941; IPA pronunciation: ['kænəl], rhymes with "channel"), is an Emmy award winning American television producer, writer, novelist and occasional actor. building. CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. Group Inc. purchased the 88,000-square-foot Hollywood building in May for about $20 million. L.A. Center Studios began leasing long-term office space on its campus within the last year. During that time, the studio has signed leases with entertainment-related companies totaling more than 60,000 square feet, Nicassio said. While the studio's feature film business remains strong, there has been an explosion in television filming. "There's a lot of location filming downtown and our proximity to that has helped us," he said. "There's not a lack of features but a resurgence re·sur·gence n. 1. A continuing after interruption; a renewal. 2. A restoration to use, acceptance, activity, or vigor; a revival. of demand from television productions." L.A. Center Studios was represented internally by Nicassio. The EIDC was represented by Travers Realty's Lee Polster. Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225, ext. 263, or by e-mail at afixmer@labusinessjournal.com. |
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