Old Dog, New Tricks: The heartbreaking vacancy of the old CAA headquarters, which drew nearly 20,000 Michael Ovitz-era mourners to like a sprawling, marble mecca to extinguished power, has been resolved at last. After haggling with a star chamber of landlords including Ovitz himself, Sony BMG Music Entertainment closed a deal Wednesday to relocate its West Coast headquarters to the 65,000-square-foot black hole at the intersection of Wilshire and Santa Monica. Reports put the lease at $4 per square foot and "operating expenses of between $700,000 and $900,000 per year," which include inherited maintenance like office exorcisms, vintage employee execution chambers and a mysterious $370,000 annual allowance for something called " removal." Security guards, maybe? Moving boxes? Your guess is as good as ours. [Variety]
Published 7/10/08 by
Defamer
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The Obama family has adopted a 6-month-old Portuguese water dog. Thoughts?
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