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Article: Palatial tastes. (Real Estate).(Rand Corp.)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- June 17, 2002
- Author:
CopyrightCOPYRIGHT 2002 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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Economy be damned, Rand Corp. is not going to skimp on its new digs.
The Santa Monica-based think tank will begin construction on its 309,000-square-foot headquarters building at the end of the month. The structure, which will replace its 50-year-old headquarters building next door, is estimated to cost $100 million. It is expected to be completed in mid-2004.
"We wanted a modern, energy efficient and technically-advanced headquarters," said Rand spokesman David Egner. "This building will meet our needs for many years."
The $323-a-foot figure struck some as extravagant. A typical office building with subterranean parking and tenant improvements ...