Dating agency biz
Dating agency biz - guys blog on dating
“There has been a movement among all the talent agency groups to have a branding and identity to their premises,” says Joel Frank, senior VP at global real estate services firm CBRE in Los Angeles, noting that the trend also has extended to midsized agencies like APA, which has its own building in Beverly Hills.The cost of building spaces for agents is “much higher” than for other professionals, like lawyers, that want to appear to be on the cutting edge.
It has launched my site to a new level and I have been self-employed full time the past 3 1/2 years." Read more... Dating is the leading provider of online dating software.Although most rents are not disclosed, it’s not too much of a leap to figure that the agencies are paying top rate, enduring the boom and bust cycles of commercial real estate.According to brokers, the average monthly rates for top-of-the-line space in Beverly Hills and Century City are running about to per square foot, down slightly from a peak of to or even (for the very top “trophy space”) at the height of the market.Perhaps the best way to describe the hefty sums top talent agencies shell out for their headquarters comes from one of Hollywood’s best-known tenpercenters, WME’s Ari Emanuel: “Oy, gevalt. In a 2010 deposition in WME Entertainment’s legal dispute over a Beverly Hills building it refused to accept in the Endeavor-William Morris merger, Emanuel used the Yiddishism to describe his thoughts upon hearing of the tens of millions of dollars his agency was paying for a long-term lease for its current headquarters at 9601 Wilshire Blvd.That’s a big number.”This story first appeared in the May 7, 2013 issue of Variety. “I heard the number, and I was like, most people wouldn’t understand,” he said, according to a transcript of the deposition obtained by Variety.According to bankruptcy court records, when MGM filed for Chapter 11 relief in 2010, and asked the court to break its lease, ICM could have been forced to create a direct lease with the landlord at MGM’s higher rent.
A settlement was ultimately negotiated in which MGM agreed to pay ICM millions of dollars to try to make up the difference in the cost of its sub-lease agreement and the new deal it cut directly with the landlord at what is now known as Constellation Place.WME’s dispute with George Comfort & Sons, the managing owners of the 165,000-square-foot Beverly Wilshire complex on North Beverly Drive, stemmed from the concern that WME would be sharing parking garage space with Gersh Agency.In the deposition, he and Comfort’s attorney argued over the proximity of Gersh, but Emanuel also was unimpressed by the design, calling it “traditional.” The buzz in the real estate business was that the new leaders of WME didn’t want to take on the cost of such a large space, estimated at about a square foot, as well as a pricey build-out, at a time when the companies already were dealing with the merger transaction.In expense, scale and design, the offices make a statement that the agencies are more than partnerships, that they won’t settle for the button-downed, bland rows and cubicles of accounting firms, nor will they go so far as to bend to the Silicon Valley trend toward making environs resemble adolescent playgrounds.Rather, the blueprint for these temples to talent seems to include sleek work spaces, specially made areas for art collections, large theaters and meeting spots and, in the case of CAA, an entrance and lobby area that have the feel of entering a separate universe encased in Carrara marble.“If you’re known as the best in the business, you want to be visible,” he says. Visitors come in and out all day.” That’s why agencies invest so much in their lobby.