Michael Ovitz has sold the 'Ice House', a well-known Beverly Hills landmark, the Los Angeles Times reports. The Ice House, located at 9348 Center Drive, was built in 1925 and originally used as an ice and cold storage plant. Converted into offices in the mid-1990's, the building is currently the headquarters of Live Nation Entertainment Inc., the world's largest concert promoter who merged recently with rival Ticketmaster.
Ovitz and his partnership, Beverly Hills Ice House Investment, bought the Ice House for $3.3 million in 1993. The building sold for $20 million to Tishman Speyer, "expanding the company's holdings in Beverly Hills, Tenants such as Castle Rock Entertainment, Starz and Netflix are in buildings that Tishman Speyer owns nearby on Maple Drive."
Ovitz and his partnership, Beverly Hills Ice House Investment, bought the Ice House for $3.3 million in 1993. The building sold for $20 million to Tishman Speyer, "expanding the company's holdings in Beverly Hills, Tenants such as Castle Rock Entertainment, Starz and Netflix are in buildings that Tishman Speyer owns nearby on Maple Drive."
Read the full article here in the Los Angeles Times.
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