EMI Music Expands in Hollywood at CIM Group's 1800 Highland Office Building

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EMI Music Expands in Hollywood at CIM Group's 1800 Highland Office Building http://home.businesswire.com/portal/site/home/index.jsp?epi-content=NEWS_VIE W_POPUP_TYPE &newsId=20061219005862&ndmHsc=v2*A1166533200000*B1166580548000*DgroupByDate* J1*N1000001&newsLang=en&beanID=1802668732&viewID=news_view_popup

Concepts:

Hollywood, CIM Group, Highland, EMI, EMI Music marketing, business, office space, community, Los Angeles, districts, support, Kuba, Gogerty Building, relocate, expanding.

Summary:

Emi Music North America is expanding operations in Hollywood, signing a 10-year lease for 50,000 square feet with CIM Group at 1800 Highland.

EMI Music North America will relocate approximately 200 employees for occupancy on four floors.

"Several of EMI's divisions have been scattered in a variety of Los Angeles and Hollywood locations, and they have grown beyond the capacity of space it had on Wilshire Blvd. in Los Angeles and at its iconic cylindrical Capitol Tower and adjacent Gogerty buildings located at Hollywood and Vine.

With this move, EMI is firmly establishing its commitment to remaining a part of the Hollywood business community by consolidating its operations at this Hollywood location," said Shaul Kuba, principal and founder, CIM Group.

CIM Group purchased 1800 Highland in 2005 after identifying the severe shortage of modern office space in the area.

"We're very pleased to learn that Hollywood as a business address is more popular than ever with the announcement that EMI Music Marketing is expanding their operations in Los Angeles," said Councilmember Tom LaBonge.

They include housing, office, entertainment and a diverse mix of restaurants and retailers to support revitalization of the area as a vibrant urban center serving residents, visitors and businesses.

CIM Group directs its efforts towards districts of high population density, including the downtown areas within large cities, smaller "main street" districts within towns and suburban cities, and other locations which lie within the metropolitan areas of the country.

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