John Zanetos John Zanetos is a broker at CBRE.

LOS ANGELES—The Arts District is getting its long-awaited office catalyst. Powerhouse Warner Music had signed a 257,000-square-foot lease with Shorenstein at the Ford Factory in the Downtown Los Angeles neighborhood. The lease is expected to help spark activity in the market. While terms have not been disclosed, industry sources are saying that the lease is valued at $10 million annually, and that Warner Music will take occupancy next year.