HBO closes big lease at Ivy Station in Culver City: sources

The network will occupy entire 240K sf office component of the mixed-use complex

Apr.April 02, 2019 04:19 PM
WarnerMedia Chairman Robert Greenblatt, and rendering of Ivy Station (Getty/KFA)

UPDATED, April 3, 12:51 p.m.: HBO has closed on its lease for the entire office portion of the mixed-use Ivy Station complex in Culver City, The Real Deal has learned.

The network will take 240,000 square feet at the $350 million under-construction project, according to sources familiar with the deal. In December, TRD reported that HBO was close to signing a deal for 200,000 square feet.

The premium cable TV network will be relocating from the Colorado Center in Santa Monica.

One source said the deal was delayed because of AT&T’s acquisition of TimeWarner, which was completed in June but only cleared by the U.S. Court of Appeals in late February. HBO is now a division of WarnerMedia. Also in late February, Richard Plepler announced he was stepping down as CEO of HBO after 27 years. Former NBC Entertainment chairman Robert Greenblatt has been tapped to lead HBO, Turner, and WarnerMedia’s planned direct-to-consumer service.

Representatives for HBO and Lowe did not respond to immediate requests for comment regarding the Ivy Station deal.

Designed by Killefer Flammang Architects and EYRC, Ivy Station will include 200 apartments, a 148-room hotel, shops and restaurants, in addition to office space. A joint venture between Lowe, AECOM-Canyon Partners and Rockwood Capital is developing the project.

HBO, which is behind fan-favorites like “Game of Thrones” and “Insecure,” is the latest media firm to relocate to Culver City, attracting streaming competitors like Apple and Amazon.

Related Articles

10301-10335 West Jefferson Boulevard and Jim Jacobsen Chairman, CEO at Redcar LTD (Credit: 42 Doors and LinkedIn)

Redcar pays $74M for Culver City office complex, eyes expansion

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

David Pressberg and 6000-6024 Buckingham Parkway (Credit: Google Maps)

R.W. Selby buys $33M Culver City rental in deal brokered by seller’s kin

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

3301 South Canfield Avenue (Credit: Google Maps and iStock)

Oakmont Capital is building a mini multifamily empire in Palms