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Hudson Pacific’s Victor Coleman, Boston Properties' Douglas Linde, and NFL Network president Mary Ann Turcke with 10950 Washington Boulevard (Hudson Pacific Properties, Boston Properties, Getty Images)

Wave of subleases rises over Silicon Beach

Tech and streaming companies are ratcheting back their office presence in Silicon Beach, as both industries struggle with declining stock prices, hiring freezes and remote work. NFL Network, Yahoo and 20th Century Studios are...

Wave of subleases rises over Silicon Beach
Netflix co-CEOs Ted Sarandos and Reed Hastings and Netflix office at 1375 Vine Street (Google Maps, Getty, Illustration by Priyanka Modi for The Real Deal)
San Francisco

Netflix lease exits total to $80M loss

Netflix’s struggles with waves of subscriber losses, layoffs and a plunging share price is trickling down to its real estate. The company reported an $80 million writedown in connection with exiting some of its...

Netflix lease exits total to $80M loss
Netflix CEO Reed Hastings with Burbank Empire Center at 2350-2400 W. Empire Avenue in Burbank (CBRE, Britannica)

Netflix to sublease 180K sf of offices in Burbank

After a slump of its share price, hundreds of layoffs and an unexpected drop in subscribers this year, Netflix...

Netflix to sublease 180K sf of offices in Burbank
Netflix co-CEOs Reed Hastings and Ted Sarandos and Raleigh Studios with Hackman Capital Partners CEO Michael Hackman and George Rosenthal of Raleigh Enterprises (Getty, Hackman Capital, Raleigh Studios)

Netflix gets lease, options on Raleigh Studios

Hackman Capital Partners has bagged the world’s largest streaming service as a tenant at Raleigh Studios in Hollywood, The...

Netflix gets lease, options on Raleigh Studios
Netflix co-CEOs Ted Sarandos and Reed Hastings and Denny’s at 1522 Van Ness Avenue (Getty, iStock)

Netflix buys Denny’s restaurant in Hollywood

UPDATED, Jan. 27, 2022, 11:06 a.m.: Netflix has bought the former site of a Denny’s restaurant from the latter’s...

Netflix buys Denny’s restaurant in Hollywood
Google's newest New York City acquisition on the West Side of Manhattan. (Cookfox Architects)
National Weekend Edition

Big Tech’s appetite for real estate continues to grow

 They’re digging their teeth into real estate. Big Tech’s explosive profits and growth are leading to a boom in...

Big Tech’s appetite for real estate continues to grow
3800 W Alameda Avenue and 2300 W Empire Avenue, both in Burbank. (LPC West, The Burbank Portfolio)

Here are LA’s biggest office leases of 2020

 If you just looked at the biggest deals, Los Angeles’ office leasing market would seem to have done just...

Here are LA’s biggest office leases of 2020
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