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NORTHWESTERN BRANCH BREAKFAST MEETING - "Creative Office - Past, Present and Future"
March 15, 2018
Santa Monica, CA
Local Area Topics
3300 Airport Ave.
Sponsor / Contact
Old warehouse buildings started to be converted to creative office space back in 1988 when Sony executed the first major lease of a warehouse and converted to creative space. The trend for cutting edge, creative space has been a darling of the Westside’s entertainment, tech and start-up companies. Mr. Strano will discuss:
How it started. The first investors.
Why is there a demand for creative office space projects.
Examples/case studies of converted warehouses and conventional buildings that have been transformed.
Leasing. Higher rental rates.
The challenges to a landlord/property owner.
Vacancy rates. Creative office space vs. conventional office.
Sublease market vs. direct space.
Future supply of space. Too much supply of creative office space?
SPEAKER: Ian Strano
Ian is a disciplined commercial real estate broker with more than 30 years of experience conceiving, selling, leasing and executing commercial real estate transactions.
A pioneer in the "creative office space" market in Los Angeles since 1988, Ian led several of the first, highly successful "creative office space" projects and warehouse conversions in Santa Monica, Los Angeles and Culver City working with world class-architects such as Frank Gehry and Eric Owen Moss.
To differentiate a conventional office from a more creative office design, he coined the term "creative office space" and had the foresight to register the domain name rights in 1999.
Ian has worked on more than 2 million square feet of value added projects focused on converting older-obsolete warehouse and office buildings to unique functional office space. In addition, he represents film, media and technology tenants in their search for space, advising them in all aspects of lease negotiations and financial analysis.
An expert negotiator, Ian has successfully consummated a countless number of complex real estate transactions that required his deep market knowledge and experienced problem-solving skills.
LIMITED SEATING - REGISTER EARLY
Up To 15 days prior to program start date, $5.00 cancellation fee.
2 - 14 days prior to program start date, $15.00 cancellation fee.
Less than 2 days prior to program start date, forfeit of payment.
This Educational Program (Program) was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.
The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.
This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.
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Program materials will be picked up at the site.
DATE/TIME: THURSDAY, MARCH 15, 2018 - 7:30 am - 9:30 am
LOCATION: SPITFIRE GRILL 3300 Airport Avenue, Santa Monica (310.397.3455)
Directions: From the Santa Monica Freeway, take the Bundy Drive South exit. Just south of the Santa Monica Airport, turn west onto Airport Avenue. The Spitfire Grill is on the south side of the street - a short distance from Centinela Avenue. Bundy turns into Centinela at National Blvd.
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200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624) |
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