Silver & Freedman, a California business law firm that's been in Century City for 35 years, made an announcement this week that it was exploring real estate options to move to a new neighborhood. According to the firm's managing partner, Barry Weisz, "Silver & Freedman has been on Century Park East for over 35 years and Century City has been an ideal location for business activity. However, we find that many of our clients might be better served at a more convenient location closer to the freeway. We value our clients' opinions and, given these and other factors, it's evident that we must consider a potential move." The firm said that they were seeking to sublease their current space on the 19th floor (26,000 square feet) while pursuing similar space closer to the 405 Freeway.
As the Los Angeles Times noted, businesses contemplating a move usually stay mum about their plans and let their real estate brokers work behind quietly behind the scenes. Silver & Freedman instead released a press release publicizing their plans to leave Century Plaza Towers. The Times goes on to point out that the area remains one of the region’s most expensive office markets with average asking rents of more than $3.87 per square foot a month, according to a report by brokerage Cushman & Wakefield.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment