Real Estate Owned, Occupied by Paramount, Warner Bros

Paramount Skydance’s $111 billion deal to buy Warner Bros. Discovery would mean a lot more Los Angeles real estate in chief executive and chairman David Ellison’s hands. It’s premature, but let’s take a look at their Los Angeles real estate portfolios.

Warner Bros owns and occupies about 4.1 million square feet of real estate in Los Angeles, mostly in the Burbank Media District, which would in theory become Paramount’s (and almost was Netflix’s), according to the company’s latest annual report.

4000 Warner Boulevard. Burbank

The famous Warner Bros lot where “Friends” was filmed in the media capital of the world, where the company owns all 2.6 million square feet of studio space. The lot has soundstages and exterior sets.

100 and 200 South California Street. Burbank

The media giant leases 811,000 square feet at the two-tower complex called Second Century near its lot and designed by the late-Frank Gehry, mostly for corporate offices. The Tower 1 lease expires in 2037, and Tower 2 expires in 2039. Worthe Real Estate Group is a part owner.

3000 West Alameda Avenue. Burbank

Warner Bros leases 436,000 square feet of studio space in Burbank Studios that expires in 2027. Worthe Real Estate Group partly owns this, too, after buying it back from Warner Bros.

8900 Venice Boulevard. Culver City

The company leases 244,000 square feet of space used for streaming entities and television brands that expires in 2036 in the heart of screenland. Lowe is a part-owner of the real estate called Ivy Station.

(Warner Bros leases Worthe’s Ranch Lot, but that only recently reopened, so it is not included in 2025’s financial statement).

Now to Paramount’s, per its latest 10-K.

5555 Melrose Avenue. Los Angeles

The Paramount Pictures Studio lot, which it owns and where “Titanic” was produced, has about 1.85 million square feet of floor space used for executive offices, sound stages, production facilities and more.

4024 Radford Avenue. Studio City

Paramount leases approximately 137,000 square feet of office, studio and production space for television news operations at the Radford Studio Lot, under a lease that expires in 2031. The lot in the Valley is in its lender Goldman Sachs’ control after Hackman Capital partners defaulted on a billion-dollar mortgage. Goldman Sachs is now shopping it around.

1575 North Gower Street. Los Angeles

The company leases about 210,000 square feet of office and production space that expires in 2028 at media campus called Columbia Square in Hollywood owned by Kilroy Realty.

203 to 231 West Olive Avenue. Burbank

It leases 180,000 square feet of studio and office space in connection with its Nickelodeon that expires in 2036.

2900 and 3000 Olympic Boulevard. Santa Monica

Post-Paramount and Skydance merger it appears Paramount owns 270,000 square feet of office and production space, which expires 2034. The Lantana campus is Skydance’s headquarters after Ellison purchased the two properties.

First-class

The Real Deal was the first to tour Cain’s $10 billion One Beverly Hills, an ultraluxe, 17.5 acre mixed-use development that recently went vertical. The development connects the Beverly Hilton and Waldorf Astoria hotels, which it plans to renovate, to what’ll be an all suite-Aman hotel (its first ever West Coast property), two Aman-branded residential towers, an Aman club, restaurants, retail and open space.

We suited up in hard hats, vests and steel-toed boots and walked down from the company’s Century City office to the construction site between Wilshire and Santa Monica boulevards, after Cain’s Larry Green showed a model and photos of the mega-development’s future. The level of detail, down to the feel of ground surrounding the pool beneath your bare feet (which apparently Cain executives tried out and sent back) was unbelievable. We strolled through what would become a private road to the Aman, through acres of dirt that would become gardens and saw geothermal wells.

After being asked about tariffs, immigration, competitor Rodeo Drive, Los Angeles’ hospitality rut, Green said he’s a developer, so he wakes up worrying. But none of it appeared to pose a real threat to the development. Nothing compares to Beverly Hills, he said, or Aman.

The residences are marketed at prices ranging from $20 million to more than $40 million, and the first residential tower at One Beverly Hills is approaching $1 billion in contracted sales and commitments, per previous reporting. Green said a lot of the buyers are Los Angeles locals, the established-wealth type, such as corporate executives who want the amenities, rather than, say, rich foreign buyers.

One Beverly Hills is on schedule to be completed by the 2028 Olympics, Los Angeles’ event of the century.