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Sublease trend.


Comparison shopping company Shopzilla Inc., which has a Web site where users can compare prices on products, is trying to sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner.  a part of its West L.A. office.

The move comes on the heels of a 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
 by the company, a subsidiary of E.W. Scripps Co. Shopzilla is among many outfits giving back space in the recession, said David Toomey of Cresa Partners, Shopzilla's broker.

"We are definitely seeing a growing number of subleases hit the market, unfortunately," said Toomey. "It's across the board."

Shopzilla hopes to sublease 30,000 square feet of its 70,000-square-foot offices at Westside Media Center, owned by Kilroy 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.
 Corp.

The 375,000-square-foot media center at 12100, 12200 and 12312 W. Olympic Blvd. is home to Internet video Video material obtained from the Internet. It may refer to streaming video from real time broadcasts, streaming archival material or downloading video files for watching later, all of which are viewed on the computer.  service Hulu, online movie ticket seller Fandango fandango (făndăng`gō), ancient Spanish dance, probably of Moorish origin, that came into Europe in the 17th cent. It is in triple time and is danced by a single couple to the accompaniment of castanets, guitar, and songs sung by the  and Wasserman Media Group. Shopzilla's sublease space is on the fourth floor of the 12200 building with the lease expiring in summer 2010.

Brad Kates, chief financial officer of Shopzilla, said that in addition to the company getting "leaner," some employees moved to its London office in the last 12 months.

"We definitely have more space than we probably have needed for a little while and this created an opportunity to reduce our expenses," Kates said. "When we originally took the space we thought we'd be growing the L.A. operation quicker than we did."

Staff reporter Daniel Miller People called Daniel Miller include:
  • Daniel Miller (footballer) footballer for London Stonewall Lions
  • Daniel Miller (anthropologist) (born 1954), anthropologist at University College London
 can be reached at dmiller@labusinessjournal.com or (323) 549-5225, ext. 263.
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Title Annotation:REAL-ESTATE; Shopzilla Inc.
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1U9CA
Date:Mar 23, 2009
Words:244
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