DLJ Real Estate Capital Partners has been making an interesting entrez into the LA real estate scene over the past year--first they bought the hotly anticipated (and enormous) Blvd6200 mixed-use project by the Pantages and actually managed to break ground on it, then they purchased the neighboring 1923 Taft Building at Hollywood and Vine (and are "undertaking a $15 million renovation to restore the building and retrofit its office suites to feature brick walls, polished concrete floors and exposed ceilings," according to a press release). Now they've picked up the long-time former office of legendary designers Charles and Ray Eames. According to the Eames Office website, the people behind the Eames House and the fiberglass shell chair worked in the Abbot Kinney building from 1943 until 1988; architect Frank Israel designed an "extensive remodeling" sometime after that. A press release says the studio "features open floor plates, original brick walls and 20-foot ceilings" and we're told DLJ plans to lease to media, tech, and entertainment companies (just another data point in the crazy-hot Westside office market). Apparently, it's all part of DLJ's "strategy of acquiring iconic buildings in urban locations that are within walking distance of unique residential communities and exceptional retail offerings." Genius.
· Architecture [Eames Office]
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