The Reserve in Playa Vista | TMZ Headquarters

What do TMZ, Sony, Microsoft & Verizon all have in Common?

The Reserve Playa VistaThe Reserve in Playa Vista is nearly 400,000 sq.ft.  of creative offices space.  It was purchased for $316 million in the beginning of 2015.  That equals out to around $790 a sq.ft.!

The seller did considerably well as they had purchased the property in 2011 for around $46 million.

It took around $30 million for the new owner to re-invent the space (was previously a post office built in 1971) into a creative office campus.  Residents at The Reserve include TMZ, Microsoft Corp., Verizon Communications, Sony Playstation and an advertising agency by the name of Team One.

Similar Posts:

Leave a Comment