Engineering firm Arup signs $57-million deal to leave Playa Vista for downtown's Wilshire Grand

In one of the largest corporate relocations in Los Angeles this year, real estate engineering firm Arup has agreed to move its regional offices from the growing beach community of Playa Vista to downtown’s newest skyscraper: Wilshire Grand Center.
 
Arup will leave its offices near Marina del Rey for three floors in Wilshire Grand, a 73-story tower completed last year that houses an InterContinental hotel and offices for rent.
 
The engineering firm agreed to occupy 66,000 square feet in a 15-year lease valued at $57 million, real estate brokerage Colliers International said. It is one of the biggest leases in Southern California in 2018 and reflects a recent trend of companies coming downtown from other markets, including trendy neighborhoods on the Westside and in Hollywood.

Read full article on LATimes.com.