Allen Matkins Advises on Half of the 10 Largest Leasing Deals in Los Angeles in 2024

LOS ANGELES – February 5, 2025. Allen Matkins announced today that it has advised on half of the largest leases signed in Los Angeles County in 2024, including the top-two largest leases (lease data source: The Real Deal).

The following are the leases that the firm advised on in order of size:

1. Snap | BXP’s Santa Monica Business Park | 467,000 square feet. Allen Matkins advised BXP, the largest public developer, owner, and manager of office space in the United States, in a 10-year, approximately 467,000-square-foot, multi-building lease extension with Snap Inc., the parent company of SnapChat, at Santa Monica Business Park. The transaction marked a bright spot for the office sector, which has struggled to bounce back after market shifts due to the pandemic and remote work. Partners Elizabeth Wilgenburg, Tony Natsis, and Associate Brendan Zwaneveld advised BXP.

2. William Morris Endeavor Entertainment | Douglas Emmett’s 9601 Wilshire Boulevard| 248,000 square feet. Allen Matkins represented Douglas Emmett in connection with the amendment and restatement of the William Morris Endeavor lease at 9601 Wilshire Boulevard in Beverley Hills. This 250,000-square-foot transaction allowed the globally recognized talent agency to remain in its headquarters building for an additional 10-year term. Partners Eric Shelby, Tony Natsis, and Associate Maya Peress advised Douglas Emmett.

4. SoCalGas | CIM Group’s Two California Plaza | 199,000 square feet. Allen Matkins represented both the landlord and the tenant in the largest downtown Los Angeles office lease of 2024. In this matter, Southern California Gas Company (SoCalGas) signed a 200,000-square-foot lease across eight floors at CIM Group’s Two California Plaza in the city’s historic Bunker Hill neighborhood. The 15-year lease includes naming rights, and SoCalGas will replace City National Bank’s name atop the 52-story building. The space will serve as the new headquarters for SoCalGas, the largest gas distribution utility in the United States, serving approximately 21 million consumers. Partners Tony Natsis, Eric Shelby, and Associate Brendan Zwaneveld advised the tenant, and Partners Robert Lurie and Elizabeth Wilgenburg advised the landlord in the transaction.

7. JPMorgan Chase | JPMorgan Chase and Hines’ Century Plaza Towers | 163,000 square feet. Allen Matkins represented the landlord in connection with the expansion by JPMorgan Chase Bank into over 160,000 square feet in the Century Plaza Towers in Century City. The significant expansion of their premises, combined with a 10-year lease extension, solidifies JPMorgan Chase’s position as a preeminent tenant in the iconic Century City project. Partner Eric Shelby and Senior Counsel Gregory Noblitt advised Hines’ Century Plaza Towers.

9. Latham & Watkins | JMB Realty Corp.’s Constellation Place | 99,000 square feet. Allen Matkins represented JMB Realty in connection with a renewal and expansion of a lease by Latham & Watkins, where the globally recognized law firm added over 75,000 additional square feet of space at Constellation Place, growing to a total footprint of over 130,000 square feet in the building, which contains over 800,000 square feet of best-of-class office space in the heart of Century City. Partner Eric Shelby advised JMB Realty.

ABOUT ALLEN MATKINS

Allen Matkins, a law firm with over 250 attorneys, was founded with deep roots in real estate and has leveraged that foundation to grow and build prominent litigation, corporate, tax, labor and employment, land use, and environmental practices allowing us to partner with clients across myriad industries and markets. For more than 45 years, Allen Matkins has worked with clients drawn to us by our reputation for market leading solutions, pragmatism, exemplary quality, approachability, and our unparalleled network of contacts and connections in business and government.