Wednesday, August 27, 2014

Real Estate Investors Win With Rise Of Silicon Beach In Playa Vista

The surge of technology, advertising, and media companies flocking to Silicon Beach has meant a huge win for real estate investors, particularly in Playa Vista, according to a report today. Early investors in transforming Playa Vist--which is now home to operations of YouTube, Google, 72AndSunny, Microsoft, and many others--into a center for the technology, advertising and media industry, have apparently been rewarded handsomely, according to the WSJ. Playa Vista is midway between Santa Monica and Los Angeles International Airport, and is one of a number of technology-and-media rich neighborhoods on the west side of Los Angeles. Image: YouTube's Playa Vista location, YouTube Space Los Angeles.

---