×

El Segundo Space Boosts Tech

El Segundo, along with Playa Vista, continues to heat up as a magnet for tech, media and entertainment companies, especially those migrating from the more expensive Santa Monica/Venice nexus to the north. Google, Facebook, YouTube and Yahoo have already set up shop in this Silicon Beach stronghold. And now Elevon, a state-of-the-art, 210,000-square-foot office development within Campus El Segundo, is riding the tech boom in the area by attracting such companies as digital production studio Big Block Media, as well as PK4 and others.
Big Block gained about 3,000 square feet (to about 14,400) from its former Santa Monica space, capitalizing on tax incentives, price points and proximity to LAX. “We expect to produce 12 more original feature films from the Elevon space next year,” states Scott Benson, Big Block founder/CEO.

The new 15-building Elevon compound — with its modern steel, glass and wood facades designed by Ehrlich Architects — just opened over the summer, and is already 76% sold. Elevon also boasts 13,500 square feet of restaurants and retail. Office spaces range from 2,000 square feet to 28,000 square feet.

In a related development, the Los Angeles Lakers just closed escrow on five-acres at Campus El Segundo, where the team will build its new training facility.

Popular on Variety

More Dirt

  • Chris Tawil House Malibu

    Morphe's Chris Tawil Pays $18.5 Million Cash for Jason Statham's Malibu Beach House

    Company valuations in the cosmetics industry are currently bananas, as blockbuster actor Jason Statham can attest. Last month, the actor sold his Malibu beach home for $18.5 million in an all-cash deal, nearly double the $10.6 million he paid for the property back in 2009. According to records, the buyer is Chris Tawil, the businessman [...]

  • Rachel Hunter House

    Rachel Hunter (Finally) Sells Sunset Strip House

    After almost three years on and off both the sales and rental markets, former fashion model, actor and TV spokesperson Rachel Hunter has at long last sold her longtime Los Angeles, Calif., home. The $3.45 million sale price is a small but enviable fortune above the $2.425 million she ponied up for the property in [...]

  • Fawaz Alhokair House Bel Air

    Fawaz Alhokair Bought Bel Air's $94 Million Billionaire Estate

    There’s an odd dichotomy in California’s high-end real estate market. While other traditional luxury areas like the Bay Area and coastal Orange County have been mired in a slight sales slump over the past year, driven by multiple factors – a tumultuous stock market, political uncertainty and more — L.A.’s ultra-luxe segment has been on [...]

  • Jan DeWitt House

    Television Producer Jan DeWitt Lists Secluded Santa Barbara Retreat

    Veteran television producer Jan DeWitt has listed his rustic canyon retreat in the ruggedly affluent foothills above Santa Barbara, Calif., with an asking price of almost $1.7 million. Tax records indicate that DeWitt, who produced dozens of episodes of the late 1990s series “The Pretender” and the early Aughts series “Judging Amy” before he went [...]

  • Demian Bicihir House Los Angeles

    Demian Bichir Goes Modern in L.A.'s San Fernando Valley

    Demian Bichir is switching residential gears, having selected a new home in L.A.’s increasingly desirable (and expensive) San Fernando Valley. Records show the Mexican-American veteran thespian forked out just under $2.9 million for the residence, and the house is located a quick drive to a bevy of restaurants and shopping destinations. Bichir, who hails from [...]

  • Meghan Markle House Malibu

    Meghan Markle, Prince Harry Eyeing Kylie Jenner's Former Malibu Rental House

    Although they’re currently bunking up in a $14 million Vancouver mansion, it’s long been widely speculated that ex-royals Meghan Markle and Prince Harry eventually plan to settle in Los Angeles, where Markle was raised and where her mother, Windsor Hills-based Doria Ragland, still resides. It was Caitlyn Jenner who first leaked the news that the [...]

  • Russell Brand House Los Angeles

    Russell Brand Snags Hacienda-Style Hollywood Hills Hideaway

    English performer Russell Brand has opted to ring in the new decade by springing for a celeb-style new house in the proverbial heart of Hollywood. The stand-up comic and occasional blockbuster actor (“Forgetting Sarah Marshall,” “Get Him to the Greek”) has paid just over $3 million for a very private property in Outpost Estates, a [...]

More From Our Brands

Access exclusive content