Entertainment Facilities Go Mixed-Use

Bill Klorman

It is no secret that the entertainment industry is a major driver of jobs in Los Angeles, and entertainment facilities are in high demand. These facilities, however, require a different approach than a typical office building because of the specialty use. Klorman Construction recently completed a two-story animation studio at Universal Studios Hollywood and had experience building entertainment facilities. Bill Klorman, president at the firm, says that these properties are taking on a new look with more residential and retail components as a result of the live-work-play trend. We sat down with Klorman for an exclusive interview to talk about the construction of these properties, what it is like to develop new construction on an existing entertainment campus and his advice for developers looking to build entertainment facilities.

GlobeSt.com: Obviously, entertainment is one of the largest industries in Los Angeles. What is demand like for new entertainment properties like in Los Angeles? Bill Klorman: Entertainment focused developments, like most sectors in the commercial real estate sector in Southern California, remain highly sought after. We’re seeing the continuation of the trend whereby mixed-use developments are using the entertainment component as the main draw, and are then developing retail, office and residential components around that core concept. In short, the live, work, play concept remains alive and well, with developers, tenants and homeowners viewing properties that promote this concept favorably.