NBC Site in Burbank to Get Remake

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New owners of NBC Studios in Burbank unveiled plans Wednesday for $750 million worth of upgrades to the historic lot where top entertainers and newscasters have broadcast to the nation since the 1950s, the Los Angeles Times reports.


Under construction is the first of four 14-story office towers to be built over the next decade around the movie and television lot where Johnny Carson turned “beautiful downtown Burbank” into a running joke on “The Tonight Show.”


Today, Burbank’s Media District is one of the most sought-after office addresses in Southern California, with top rents and few vacancies.


The complex, to be renamed the Pointe, will be upgraded and operated as an independent studio with industry tenants making movies and television shows. The most noticeable change will be the towers and the emphasis on office space.


Leading the rush for offices are entertainment companies that have found they need more and more employees to bring movies, television shows and other products to market.


“A lot of companies prefer to operate on a lot,” said real estate broker Carl Muhlstein. “They can turn projects around with tighter controls and more efficiency.”


Read the full L.A. Times story

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