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The Real Deal Los Angeles

LA Times plans 100k sf multimedia, e-sports space in El Segundo

Patrick Soon-Shiong, the paper's owner, will build LA Times Center next to new HQ
By Dennis Lynch | September 07, 2018 09:00AM

Patrick Soon-Shiong, the Los Angeles Times building and promotional material from H1Z1 (Credit: Wikipedia)

The Los Angeles Times is expansion mode. At least when it comes to its real estate.

The paper, whose new owner is billionaire Dr. Patrick Soon-Shiong, is building a 100,000-square-foot multimedia and event space next to its new El Segundo headquarters.

The L.A. Times Center will also house the paper’s production studio and e-sports video game arenas, according to a press release from Culver City-based Nantworks, another company Soon-Shiong owns. Large e-sports events require high-tech infrastructure and internet equipment, according to the release. The Times first reported on the building plans, which accompanied a story about Shoon-Shiong’s purchase of a minority stake video game developer.

The L.A. Times Center will host some e-sports video gaming competitions that Nantworks runs.

It was not clear where the new multimedia center would rise, Nantworks did purchase an 83,000-square-foot warehouse next to the Times’ new office in July for $50 million.

Soon-Shiong purchased the Times earlier this year and in April announced he would move the operation from its historic Art Deco office in Downtown L.A. to a 145,000-square-foot building at 2300 Imperial Highway in El Segundo. Soon-Shiong spoke of building a campus “that is there for the next 100 years.”

The Times left its long-time DTLA headquarters when its lease ran up in May. The building’s owner, Onni Group, wants to redevelop part of the complex with apartment towers. A landmarking effort could thwart that.