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The second phase of a nine-figure renovation of the Crypto.com Arena is now complete. Anschutz Entertainment Group’s updates to the arena formerly known as the Staples Center included the creation of eight premium spaces: four Tunnel Suites and four Terrace Suites. Only three are still on the market. The first five to sell generated more than $300 million in long-term lease agreements. The sale of all eight will double the arena’s contractually obligated income.
Irvine Company wrapped up another strong year of activity, leasing more than 10 million square feet of premium of f ice space to more than 900 companies in California.