Assignment
Trimont was engaged by a large European lender to provide asset management and servicing on a $50 million senior loan participation.
Asset
This twelve-story glass icon sits at the gateway to Century City, California, on the site of the former ABC Entertainment Center, and ultimately, one small piece of the former 20th Century Fox Studios. Built over the course of six years and at a cost of roughly $400 million, the new landmark building opened in 2007. 2000 Avenue of the Stars has 775,000 sf of office space, 45,000 sf of destination dining, the Promenade of Cafés, and a 10,000 sf cultural center, all housed in a highly-configured and energy-efficient steel and glass skin. The building has two, six-story grand lobbies, each almost 300 feet in length, with French limestone floors; one is entered from street level, the other from a 3-acre garden, with an 80-foot-wide staircase connecting the two. The two “towers” are bridged by several upper floors that run the entire length of the structure.
Insights
- The building houses one of the largest and most powerful talent brokers in the world, Creative Artists Agency (CAA). CAA represents such top names in entertainment and sports as Peyton Manning, Derek Jeter, Brad Pitt, George Clooney, Steven Spielberg, Carrie Underwood and Bon Jovi.
- Before William Fox built his studio in 1928, the land under 2000 Avenue of the Stars was once part of the private ranch owned by cowboy movie legend Tom Mix. The 176-acre site was later developed into Century City.