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TikTok Moves into New Gensler-Designed Culver City Offices

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CULVER CITY — TikTok today announced the company is moving into a brand new home… a 120,000-square foot office in Culver City. The move further deepens TikTok’s connection and commitment to the greater Los Angeles area as it continues to grow its U.S. team, including key leaders. 

The new TikTok office spans five floors, which were designed from the ground up to embody TikTok’s fun and joyful personality. Creativity is synonymous with TikTok, so having a space that inspires everyone who walks through the door was a driving force behind the move. The heart of the space is a bright pink staircase that runs through each floor and follows a bespoke mural designed by TikTok’s internal design team.

“Located between the innovative tech companies in Silicon Beach and the streaming content companies at Hayden tract, TikTok truly sits at the intersection of technology and entertainment, physically and figuratively,” said Vanessa Pappas, general manager, TikTok U.S. “While we are a global company, having a permanent office in LA speaks to our commitment to the U.S. market and deepens our bonds with the city, and the talent and companies, that call it home.” 

The new office features a fully open floor plan interspersed with conference rooms, private phone booths, a stadium-style presentation and gathering space, and terraces to support indoor-outdoor work. A TikTok content-creation studio will be completed by the summer of 2020, providing even more opportunities for immersive and entertaining videos from TikTok creators and partners. The office is also dog-friendly, allowing TikTok’s beloved canine creators to visit as well. 

The office was designed in collaboration with global architecture and design firm, Gensler. “The new TikTok LA office is the result of two creative companies out to build a space that was inclusive, collaborative, and fun,” said Chris Mitchell, Design Director, Gensler. “We hope the space gives TikTok’s employees a home to be proud of and a place to inspire more of the entertaining content the app is known for.”

As part of TikTok’s commitment to inspire and encourage a new generation to have a positive impact on the planet, the company selected a LEED Gold-certified building that exceeds California standards. The new office features design and building strategies aimed at energy and water conservation, reducing C02 emissions, and improving indoor environmental quality. 

TikTok continues to be committed to building and growing the app experience for its diverse and growing mix of users, creators, and brands. Last year, the company built out its U.S.-based leadership team with key hires across functions including product, safety, content, music, sales, and operations. TikTok now employs over 400 employees in offices across the U.S., including Los Angeles, Silicon Valley, and New York. TikTok will also continue to invest in supporting both local and national initiatives relevant to its community.

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The Most Expensive Home in LA Cost Jeff Bezos Only 0.13% of Net Worth

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LOS ANGELES (Los Angeles Times) — Amazon CEO Jeff Bezos walks onstage for the launch of the Fire Phone in Seattle. It can be hard to grasp the wealth of Jeff Bezos, the planet’s richest man.

Thankfully his decision to spend $165 million on a Beverly Hills mansion last week — a California record — offers some clarity.

For starters, there’s this easy calculation. Amazon’s stock, the source of Bezos’ fortune, bounces around daily, but as of the close of markets last week, Bloomberg’s Billionaires Index calculated his net worth at $130 billion despite a $833 million stock market hit Friday.

That means the nine figure sum he’s shelling out for the former estate of movie mogul Jack Warner amounts to only 0.13% of his net worth, rounded up ever so slightly. Not too many Angelenos could […]

Continue reading at latimes.com

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Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

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Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

WEST HOLLYWOOD (Commercial Observer) — Faring is seeking $375.2 million in construction financing for Robertson Lane , its mega mixed-use development in West Hollywood, Commercial Observer has learned.

The five-year, floating-rate lending opportunity is being marketed by Cushman & Wakefield ’s Rob Rubano , Brian Share , Ernesto Sanchez , Joseph Lieske , Becca Tse and Keith Paden , according to an offering memorandum shared with CO. Officials at C&W declined to comment.

Sources said the deal hit the market on Tuesday.

When completed, the 1.92-acre project— located at 652 North La Peer Drive , at the edge of Beverly Hills—will include a 5-star, 182-room hotel, a private members’ club with 19 guest rooms and high-end retail, restaurant, office and banquet space. The development will also feature a three-level subterranean […]

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Amoeba Hollywood is Moving to El Centro Complex

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HOLLYWOOD — Amoeba is the community’s source for music, music, and more. It is going to have a new space by labor day on the corner of Hollywood Blvd. and Argyle, in the heart of everything.

It will cover a large ground level space in the new “El Centro” complex in downtown Hollywood. This is just 2 blocks east and 2 blocks north of the current location, and right next door to the Fonda Theatre. 

While it is a bit smaller, Amoeba will be able to house all the usual formats and goodies. It is a virtual Hollywood institution. The store expects to close temporarily to get set up. In the interim, the store will continue to have live shows, signings, DJ Sets, and meet-and-greet events every week, as they do now.

In addition, the trade counter will be right up front in the new location, like it is now. There will be a few short-term meters on Argyle for easy unloading.

In the El Centro complex there will be great L.A.-based businesses such as Urban Radish Market & Healthy Spot as our neighbors. Next door is the always rockin’ Fonda Theatre, and just across Hollywood Blvd. is the new Funko Pop store and Shake Shack, with the historic Pantages Theater and Frolic Room just west of us on Hollywood Blvd. Additionally, there are many eateries, coffee shops, retail shopping, and the huge W Hotel all within easy walking distance.

According to Mayor Garcetti, “Los Angeles is a creative capital — a place filled with dreamers who move and inspire us every day. Amoeba Music reflects the best of this creative spirit, and Angelenos are fortunate this beloved cultural treasure has found a new home guaranteeing its place in our city for years to come.” 

In the words of Mitch O’Farrell, Los Angeles City Councilmember, “I think I speak for most Angelenos when I say that we are thrilled that our beloved Amoeba Music is staying in Hollywood.”



Follow Amoeba’s social channels (FacebookInstagramTwitter) and/or sign up for the weekly email newsletter in the space below. They’ll be posting updates online at amoeba.com/moveupdate.

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