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Thursday, Mar 28, 2024

Preview: Disney Downsize

Walt Disney Co. is now a streaming business.Burbank’s biggest company and a major tenant of office space made this declaration in October. So how will this switch impact the Tri-Cities’ commercial real estate sector, where Disney leases hundreds of thousands of square feet of space?“That’s a huge employer in the Burbank area,” said Kirk Lesh, assistant professor of Economics at California Lutheran University in Thousand Oaks. “’But the question is: How much further do they go? How much more reconfiguring?”Read the full story in the Jan. 18 issue of the San Fernando Valley Business Journal.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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