Even Expensive In L.A.

When CAA leaves its Los Angeles headquarters for larger digs in Century City this fall, it will leave behind one of the most expensive office spaces in Beverly Hills.

The 17-year-old building – filled with paintings and feng shui energy – is considered the brainchild of former CAA chief Michael Ovitz, who still owns the building and leases it to the current CAA.

The lease on the I.M. Pei-designed office is an eye-popping $6 million a year, or $5 a square foot per month, according to the Los Angeles Times, but there might be some willing to take the plunge because of the building’s notable stature.

Potential takers include a television network, some investment banks and “a concert promotion business,” according to the paper.