Tech Giants Disrupt the Commercial Real Estate Industry
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Amazon Studios Plans First-Run Movie Theater in Culver City, California
Amazon Studios plans to open a movie theater in a shuttered cinema in Culver City, California, in what may be a first for one of the biggest players in streaming.?
The theater is next to the historic Culver Studios, where the streaming giant occupies more than 530,000 square feet for TV and film production.?
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Netflix Steadies Spending After Years of Fueling Hollywood Property Boom?
Streaming entertainment giant Netflix expects to keep its spending on content production steady for the foreseeable future, a decision that may propel ongoing demand for Los Angeles real estate development and leasing.?
?Netflix's growth has been a boon for Hollywood real estate investors, which have justified developing offices and soundstage spaces to cater to the growth of the Los Gatos streamer and its competitors.?
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Tech Companies Big and Small Are Set To Weaken National Office Market?
With the prevalence of remote work and fears of a recession intensifying, the last thing the office market needs is more bad news.?
?While 2021 saw the largest amount of venture capital raised, startups this year have faced a challenging fundraising environment. Poor public market performance of industry players including Netflix and Shopify has caused investors to be more cautious when it comes to deploying funds.??
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