LOS ANGELES (CelebrityAccess) — Concert promoter Live Nation is reportedly planning to relocate some of their Hollywood offices in 2020.
According to Los Angeles real estate news site The Real Deal, Live Nation is planning to downsize its footprint at 7060 Hollywood Blvd, and vacate seven floors of the downtown office building by the end of 2020.
However, they will continue to occupy at least four additional floors of the 12-floor building for the foreseeable future, TRD reported.
Live Nation will expand and consolidate its operations in two other office complexes in West Hollywood and Beverly Hills, taking up an additional 195,000 square feet at those locations, TRD said.
Live Nation is currently headquartered at UTA Plaza and an under-construction former Post Office at 325 Maple Dr., where in January, Live Nation leased 95,000 square feet of office space.