Even Expensive In L.A.
When
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.
