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1950 Avenue Of The Stars

Michael J. Aiello Of Weil, Gotshal & Manges Leases 47,300 SF Office In Century City
LEASEDOffice

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

Michael J. Aiello

Weil, Gotshal & Manges LLP

Tenant
Tenant

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