As per the agreement, the REIT will lease around 180,000 square feet of space at its 685,000-square-foot, mixed-use Columbia Square development, located in the heart of Hollywood. This deal provides Viacom with an opportunity to relocate and unite the West Coast operations of Viacom media networks, which it has been planning for some time. Viacoms media operations, including BET, Comedy Central, MTV, Spike TV, VH1 and TV Land, are currently based in Santa Monica and in other Los Angeles offices. These businesses will be relocated to Columbia Squares 250,000-square-foot, Kim Kardashian six-story, dual-core glass and steel Gower Building. The New York-based entertainment company will likely occupy the building in phases, starting in late 2016. Viacoms plan to concentrate pics of kim kardashian its business in Hollywood indicates Los Angeless unsaturated appetite for business and also the growing opportunities in Hollywood. Currently, Kilroy Realty carries a Zacks Rank #3 (Hold). Investors http://zimmermanrvxq.sosblogs.com interested in Equity-REITs may consider better-ranked stocks like Corrections Corporation of America ( CXW ), First Industrial Realty Trust Inc. ( FR ) and Cousins Properties Incorporated ( CUZ ).
21 Nov 2014