The 200,000-square-foot lease at the West Edge isn't the only big move made by Riot Games in recent months.
Bisnow reports that the League of Legends maker has also inked a deal for 80,000-square-foot space at the neighboring Westside Media Center, which is owned by Kilroy Realty.
The combined 280,000 square feet of space between the two leases adds to more than 780,000 square feet of space that Riot already leases in Southern California, according to a CBRE report.
Here's what we're reading this week:
Proposed state law seeks to ban freeway expansions in underserved communities "Assemblywoman Cristina Garcia (D-Bell Gardens) said her bill would prohibit the state from funding or permitting highway projects in areas with high rates of pollution and poverty and where residents have suffered negative health effects from living near freeways." (LA Times)
What’s in a street name: How PCH almost skipped Malibu "Malibu was the private domain of one woman 100 years ago. A champion land preservationist and the scourge of squatters and railroad men, May Rindge fought the longest court battle in California history in an attempt to keep coastal Malibu all to herself....She lost it all in the end, but in a sense, she also won." (KCRW)
Six SGV Projects Awarded $20 million in State Parks Grants, to Bring New and Expanded Parks to the Area "The funding comes from California State Parks, which announced last week $548.3 million in grant funding to deliver new parks to more than 100 communities as part of the Newsom Administration’s 'Outdoor Access for All' imitative." (Streetsblog LA)
Tax proposed on L.A. property sales over $5 million to fund homeless housing "The measure would levy a 4% tax on property sales above $5 million that would rise to 5.5% on transactions above $10 million. The buyer or seller would owe $200,000 on a $5-million sale, for example." (LA Times)
Tourists are back: L.A. hotel bookings reach 100% of their pre-pandemic levels "Hotel bookings in Los Angeles returned to 100% of their pre-pandemic levels in October and November, considerably above the national average, as many innkeepers scrambled to keep up their standards amid staffing challenges and supply-chain issues." (LA Times)