There was a good article in the LA Times today about the renovation planned for the Century City Mall. The plan calls for $800 million in renovations with increased public space and restaurants. Apparently the mall is under pressure to compete with the new mall in Santa Monica and the Grove.
With more space we will see new tenants and new commercial leases. Our commercial leasing attorneys have experience dealing with Westfield and other large malls throughout Southern California. We understand the perspective that a future tenant must take in terms of wanting to obtain as favorable of lease terms as possible while still ensuring they get to lease the desired space.
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