ICM, CAA Both To Move To Century City

BEVERLY HILLS, CA (CelebrityAccess MediaWire) — International Creative Management is following in the footsteps of Creative Artists Agency, and taking it’s operations out of Beverly Hills and relocating to Century City.

ICM has agreed to sublease three floors of office space, about 95,000 square feet, in the 35-story MGM Tower at 10250 Constellation Blvd.

“It gives us room to grow,” ICM spokesman David Shane told the Los Angeles Times. The company expects to make the move by the beginning of 2007, pending approval of the sublease agreement.

The paper also reported that CAA’s Beverly Hills office space is looking for a new tenant, and may have three possible suitors.

The building comes with a kitchen designed by celebrity chef Wolfgang Puck, a 100-seat screening room and a 27-foot-tall Roy Lichtenstein mural too big to be removed from the atrium. The building even features chi circulation courtesy of an international feng shui expert.

The I.M. Pei-designed building was the pet project of then-CAA chairman Michael Ovitz, who still owns the structure through a controlling interest in W&S Properties, which also includes former CAA colleagues Ron Meyer, now Universal Studios President, producer Bill Haber, and former CAA CFA Robert Goldman.

Real estate brokers around Southern California are looking to land a new tenant in the building for the cost of about $6 million per year, or $5 per square foot per month, an apparent Beverly Hills record, according to the paper. –by CelebrityAccess Staff Writers

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