The asset involved in this transaction is an office property located at 2121 Avenue Of The Stars, Los Angeles. The building has a total square footage of 22,785 and is part of the Century City market, which has experienced significant upgrades recently.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 2121 Avenue Of The Stars
• Market: Los Angeles
• Lease Size: 22,785 square feet
• Landlord: Donald Bren - Irvine Company
• Tenant: Peter Principato - Artists First

Artists First has signed a lease for the office space, relocating from a nearby tower owned by JMB Realty. This transaction follows significant improvements made by Irvine Company, which invested $538 million in office upgrades last year to maintain a 94% leasing rate in its Century City building.