Talent agency Paradigm nears deal to lease entire La Peer Building in Beverly Hills

The company would take 83K-sf iconic building

TRD LOS ANGELES /
Jul.July 07, 2017 04:49 PM
Sam Gores and the Beverly Hills building (Getty)

Paradigm talent agency is in late-stage negotiations to lease the entirety of the iconic 8942 Wilshire La Peer Building in Beverly Hills, sources told The Real Deal.

A representative for Paradigm declined to comment on the talks and a spokesperson for the landlord, Ocean West Capital Partners, was not immediately available for comment.

The distinctive 83,000-square-foot building, which can by identified by a large outdoor sculpture by Eric Orr at its entrance, recently underwent major renovations. The former ICM headquarters now has detailed stone, glass and stainless steel interiors.

Ocean West acquired the property for $40.5 million in 2014, records show.

The company tapped LA Realty Partners in 2015 to lease the space with an eye toward renting the property to a single tenant. The property has sat vacant during that search. The asking rents were not immediately clear. LA Realty didn’t respond to multiple requests for comment.

Talent agencies have long been considered the flashiest of L.A. tenants, sparing little expense with their extravagant headquarters in order to woo clients.

While Paradigm, which represents clients in T.V., music, movies and publishing, has offices across the country, its Beverly Hills headquarters is currently located at 360 North Crescent Drive, the former headquarters of the Music Corporation of America designed by architect Paul Rivere Williams.

It wasn’t clear if Paradigm, led by chairman Sam Gores, will leave that space.


Related Articles

arrow_forward_ios
LVMH CEO Bernard Arnault and a rendering of the Cheval Blanc (Credit: Bertrand Rindoff Petroff/Getty Images and Peter Marino Architect/LA Times)

Louis Vuitton’s parent company plans ultra-luxe hotel in Beverly Hills

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Kathryn Bigelow and the home (Credit: Trisha Leeper/FilmMagic/Getty Images, and Coldwell Banker)

The Hurt Valuation: Kathryn Bigelow slashes price on Beverly Hills home

From left: Jeff Bezos, the Beverly House and Lachlan Murdoch (Credit: Getty Images, Beverly House Estate, iStock)

Hearst estate owner hopes for $125M parachute amid megamansion frenzy

North Office at 301 Canon Drive and Jamie Duran

Coldwell Banker closes an office in Beverly Hills, and throws a big party

Lauren Sanchez and Jeff Bezos with the property at 1441 Angelo Drive (Credit: Getty Images and Redfin)

A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal this week

Amazon CEO Jeff Bezos with the home (Credit: Pintrest and Getty Images)

Jeff Bezos buys David Geffen’s Beverly Hills estate for record $165M

John Mirisch

Meet Sacramento’s worst nightmare: Beverly Hills mayor John Mirisch

arrow_forward_ios
Loading...