Jennifer Maas TV Business Writer Los Angeles-based real estate developer The Ratkovich Company, which brought the Hercules Campus in Playa Vista to life for Google and YouTube Studios, and a J.P.
Morgan Global Alternatives investment group have acquired a three-acre property near Downtown Culver City with plans to develop it into a creative campus like others in the area occupied by Amazon, Apple, WarnerMedia, Sony, TikTok, Nike and Adobe, Variety has learned exclusively.
Dubbed “The Bowcroft Collection,” the 73,035-square-foot group of connected buildings stretches from 5950-5978 Bowcroft Street, near the intersection of Jefferson and Obama Boulevards in Los Angeles.
The Ratkovich Company plans to have the property ready for prospective tenants to view by the middle of 2023, with conversations to begin in advance with eager companies. “Downtown Culver City and its adjacent areas are the most talked-about office market in the region, and the Bowcroft Collection is emblematic of the type of property that entertainment and tech companies are looking for,” Brian Saenger, president and CEO of The Ratkovich Company, told Variety. “In these industries, there is tremendous value in low-rise campuses and not high-rise towers.
Read more on variety.com
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