Google is expanding its presence in Los Angeles with the $120 million purchase of a dozen acres of vacant land in the Playa Vista area on the city's west side.
The parcel is zoned for nearly 900,000 square feet of commercial space that could house offices or studios, the Los Angeles Times reported Wednesday.
The plot is next to a historic hangar where aviator Howard Hughes built his famous "Spruce Goose" airplane. Google also was expected to lease the hangar, which recently housed soundstages for movie and television, according to the newspaper.
City Councilman Mike Bonin, who represents the area, said the purchase "brands Playa Vista as the tech and innovation capital of Los Angeles."
The Mountain View-based tech giant wouldn't detail its plans for the properties.
Last year Microsoft opened a 20,000-square-foot space in Playa Vista, a neighborhood near major freeways, several neighborhoods and Los Angeles International Airport. Facebook has operations nearby, as do other major media companies and ad agencies.
Three years ago, Google opened a campus in Venice, where it leased 100,000 square feet in three buildings for about 600 employees. One of those buildings is the famous Binoculars Building, a three-story office on Main Street designed by architect Frank Gehry.
A Google spokeswoman said the company, which typically likes to expand near its existing properties, will continue to rent the 69,000-square-foot Binoculars Building. Google views the Playa Vista land purchase as a long-term investment and has no particular design in mind for the site.
Google also rents a 41,000-square-foot video production facility for subsidiary YouTube in a renovated former Hughes building in Playa Vista.
Google already has bought or rented about 6.2 million square feet of space this year in the San Francisco Bay Area, bringing its total there to 15 million square feet, according to real estate brokerage statistics cited by the Times.
SMPTE elects board officers, regional governors
SMPTE®,the home of media professionals, technologists, and engineers, has revealed the board officers and regional governors who will serve terms beginning in January 2025.
Three new officers--Richard Welsh as SMPTE president, Eric Gsell as SMPTE executive VP, and Polly Hickling as SMPTE Education VP--have been elected for a two-year term from Jan. 1, 2025, to Dec. 31, 2026. One SMPTE officer, Lisa Hobbs, will be continuing her service as SMPTE secretary and treasurer for another two-year term. Additionally, Raymond Yeung will be stepping into the role of standards VP on Jan. 1, 2025.
“SMPTE’s membership has spoken,” said SMPTE interim executive director Sally-Ann D’Amato. “These officers have been tasked with an important responsibility, one each of them is prepared to tackle head-on. These next two years are looking bright for SMPTE!”
In addition to the officers, 10 regional governors were elected by the Society to serve two-year 2025-2026 terms.
These include the following regional governors, re-elected to continue their service:
Asia-Pacific Region Governor
Tony Ngai, Society of Motion Imaging Ltd.
EMEA - Central & South America Region Governor
Fernando Bittencourt, FB Consultant
United Kingdom Region Governor
Chris Johns, Sky UK.
USA - Central Region Governor
William T. Hayes, Consultant
USA - Eastern Region Governor
Dover Jeanne Mundt, Riedel Communications
USA - Western Region Governor
Jeffrey F. Way, Open Drives
Also elected were four newcomers to the SMPTE Board:
Canada Region Governor
Jonathan Jobin, Grass Valley
USA - Hollywood Region Governor
Allan Schollnick, Voxx... Read More