LA studio lot’s $45M price tag slashed by nearly half after year on market

The owner of Occidental Studios’ Main Lot lowered its price tag.  Los Angeles’ longest continuously running studio lot, where “New Girl” scenes were filmed, came on the market last summer with a $45 million price tag. Now, a year later, Occidental Entertainment Group Holdings is shopping the Westlake production campus for $25 million, according to a brochure viewed by The Real Deal. That’s an about 45 percent decline. The Main Lot has four soundstages, production offices and support space that total about 65,000 square feet. That means the studio lot went from an ask of about $690 per square foot […]

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