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Westside expansion. (Real Estate).


Alschuler Grossman Stein Stein , William Howard 1911-1980.

American biochemist. He shared a 1972 Nobel Prize for pioneering studies of ribonuclease.
 & Kahan LLP LLP - Lower Layer Protocol  is taking advantage of a rare opportunity to expand and consolidate at the same time.

The 85-person law firm will be moving its offices from Century Plaza's south tower to more space on fewer floors at Santa Monica's Water Garden, having signed a 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.  deal with Turner Broadcasting.

While terms were not disclosed, total consideration for the 10-year deal for the 85,000 square-foot space, formerly occupied by law firm Haight Brown & Bonesteel LLP, was about $30 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.
 local sources.

"We've run out of space," said firm Principal Stanton "Larry" Stein, who said the firm would take three full floors at Water Garden. After the former Alschuler Grossman & Pynes merged with Stein & Kahn in 1999, the firm, which had been occupying the 39th and 40th floors at 2049 Century Park East, expanded to parts of the 38th and 28th floors.

"All of our common services can be in one area," said Stein. "When you're using different elevator elevator, in machinery
elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships,
 banks, that creates problems."

The firm also faced the possibility of getting bumped from its Century City offices, as HBO Hyperbaric oxygen therapy (HBO)
A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber.

Mentioned in: Ozone Therapy
, among other firms, had first rights to the space when the law firm's lease runs Out.

Turner signed an 11-year lease with Water Garden landlord JP Morgan last August, but never occupied the space.

"We wanted to be in something that was less of a high rise situation," said Stein. "It's a very pleasant environment out there."

lnsignia/ESG Inc.'s Barnett and Clay Hammerstein and Bailes and Associates' Joel Kurtz represented the tenant, while Cindy White and Robert Chavez of Staubach Co. represented the landlord.
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Title Annotation:Alschuler Grossman Stein and Kahan L.L.P.
Comment:Westside expansion. (Real Estate).(Alschuler Grossman Stein and Kahan L.L.P.)
Author:King, Danny
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 4, 2002
Words:270
Previous Article:Tenant issues clouding future of constellation project. (Real Estate).(Century City's Constellation Place)(Brief Article)
Next Article:Staying put. (Real Estate).(Korn/Fery International signs lease to stay in Century City)(Brief Article)
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