Credit Karma latest Bay Area company to plant flag in Culver City

San Fran-based Credit Karma is opening a new office at LBA Realty’s One Culver

Los Angeles /
Jul.July 29, 2019 11:00 AM
Credit Karma CEO Kenneth Lin
Credit Karma CEO Kenneth Lin

Consumer finance company Credit Karma is the latest Silicon Valley firm to set up shop in Culver City.

The San Francisco firm will lease an 18,500-square-foot office at LBA Realty’s One Culver project at 10000 Washington Boulevard, according to the Los Angeles Business Journal. Credit Karma joins WeWork and may soon be joined by Apple at the complex.

As of January, Apple was in talks to lease 150,000 square feet of the roughly 363,000-square-foot office building. Early last year Apple signed for all of Lincoln Property Company’s 128,000-square-foot office complex nearby at 8777 Washington Boulevard. The company plans to have 1,000 employees working in Culver City by 2022.

Credit Karma’s lease is for seven years. The company has employed people in the L.A. area since 2016. It now has 50 staffers in L.A., including out of a Venice office and at some WeWork locations. The One Culver location can accommodate up to 115 employees.

The office has an open floor plan. Amenities include a massage room, library and a games area.

Popular fitness club Equinox also has a club at LBA’s building.

The fourth quarter of 2018 saw major tech companies lease 1.6 million square feet of office space in L.A. The rapid pace has some worried that a correction is looming. [LABJ]Dennis Lynch 


Related Articles

arrow_forward_ios
Burbank Studios with Blackstone's Nadeem Meghji and Jeffrey Worthe (Google Maps)

Blackstone partners with Worthe Real Estate on 500K sf office tower

Blackstone partners with Worthe Real Estate on 500K sf office tower
Continuum CEO Mark Falcone and a rendering of the project (EYRC Architects via Urbanize)

Continuum Partners, Platinum Equities plan Arts District office tower

Continuum Partners, Platinum Equities plan Arts District office tower
The Beverly Hills office (Credit: Google Maps)

Sam Hakim-led family firm pays $36M for Beverly Hills office

Sam Hakim-led family firm pays $36M for Beverly Hills office
Onni Group’s Rossano De Cotiis and a Wilshire Courtyard rendering

Onni Group’s Wilshire Courtyard overhaul would triple square footage

Onni Group’s Wilshire Courtyard overhaul would triple square footage
Adam Belfer and Asher Luzzatto with a rendering of the converted dairy

Luzzatto scores $49M construction loan for Sweetgreen HQ in West Adams

Luzzatto scores $49M construction loan for Sweetgreen HQ in West Adams
1.6 million square feet of office space was leased in L.A. in Q3

LA office market leasing fell 61% in Q3

LA office market leasing fell 61% in Q3
The remote work reality has sent San Francisco’s office vacancy rate surging

San Francisco office vacancy hasn’t been this high in years

San Francisco office vacancy hasn’t been this high in years
Netflix CEO Reed Hastings with the building (Credit: BENOIT TESSIER/POOL/AFP via Getty Images)

Netflix inks giant lease in Burbank for first dedicated animation studio

Netflix inks giant lease in Burbank for first dedicated animation studio
arrow_forward_ios

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

Loading...