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Article: Burbank renewal.(REAL ESTATE)(Deluxe Digital Studios renewd its office lease with CB Richard Ellis Investors L.L.C.)(Brief article)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 7, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Deluxe Digital Studios, an entertainment industry services company owned by Ron Perelman's New York-based MacAndrews & Forbes Holdings Inc. holding company, has renewed a large lease in Burbank.
The six-year lease for 65,235 square feet at 2400 Empire Ave. closed in August. Deluxe leases an additional 13,000 square feet at the two-building property though that space was not part of the renewal. The buildings are held by CB Richard Ellis Investors LLC, an affiliate of West L.A. real estate services company CB Richard Ellis Group Inc., on behalf of ah unnamed pension fund. The financial terms of the lease, which ...