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

Los Angeles /
Sep.September 07, 2018 09:00 AM
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. 


Related Articles

arrow_forward_ios
Councilman John Lee and 10243 N. Topanga Canyon Boulevard (Facebook/CouncilmemberJohnLee, Google Maps)
Housing project for homeless vets gets pushback
Housing project for homeless vets gets pushback
L’Oréal CEO Stéphane Rinderknech and Hackman Capital CEO Michael Hackman with a rendering of the project (888 Douglas)
Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus
Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus
Continuum Partners CEO Mark Falcone and the development site (Continuum, iStock, Google Maps)
Continuum Partners plans $2B megaproject to transform Arts District
Continuum Partners plans $2B megaproject to transform Arts District
Patrick Soon-Shiong and 444 N. Nash Street (Getty, Google Maps)
Patrick Soon-Shiang’s Nantworks, Serverfarm buy El Segundo data center
Patrick Soon-Shiang’s Nantworks, Serverfarm buy El Segundo data center
Los Angeles Planning Commission approves Hollywood zoning changes. (iStock)
Planning Commission OK’s changes to Hollywood zoning, land use
Planning Commission OK’s changes to Hollywood zoning, land use
The rail project had its genesis in the late 1990s but has faced numerous delays. (iStock, Getty)
Land purchases could delay high-speed rail 2 years: contractor
Land purchases could delay high-speed rail 2 years: contractor
Palari Group CEO Basil Starr and Mighty Buildings CEO Slava Solonitsyn with renderings of the project (Palari)
Developers tout 3D-printed houses in Coachella Valley as “zero net energy”
Developers tout 3D-printed houses in Coachella Valley as “zero net energy”
A rendering of 555 Aviation Boulevard with Belkin CEO Chet Pipkin and Tishman Speyer CEO Rob Speyer (Lake Tahoe Community College, 555 Aviation and Getty)
Electronics giant Belkin inks deal for new HQ
Electronics giant Belkin inks deal for new HQ
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...