Michael J. Aiello Of Weil, Gotshal & Manges Leases 47,300 SF Office In Century City
1950 Avenue Of The Stars
Building Size
47,300 SF
Asset Type
Office
Closing
Jul 9, 2026
AI
The asset involved in this transaction is an office property located at 1950 Avenue of the Stars in Century City, CA. It encompasses a total area of 47,300 square feet, highlighting its capacity to accommodate significant commercial operations within a prominent market area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1950 Avenue of the Stars
- Market: Century City, CA
- Tenant: Michael J. Aiello
- Tenant Company: Weil, Gotshal & Manges
This lease transaction involved Michael J. Aiello representing Weil, Gotshal & Manges, which has relocated to the property, marking their strategic positioning in a sought-after submarket known for attracting high-end legal tenants. The move illustrates the continuous demand for premium office space as law firms seek prestigious locations paired with enhanced workplace environments.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93