The Real Estate Industry team advised The Hearst Corporation on its joint venture with The Georgetown Company and University Realty LLC (an affiliate of Arizona State University (ASU)) allowing ASU to occupy the vast majority of the Herald Examiner building in downtown Los Angeles. The 100,000 square foot building was previously owned by a joint venture between Hearst and New York City’s Georgetown Company. Lease terms and Arizona State’s ownership stake in the building were not disclosed.
The Hearst Corporation is one of the nation's largest diversified media, information and services companies with more than 360 businesses. Its major interests include ownership in cable television networks such as A&E, HISTORY, Lifetime and ESPN; global financial services leader Fitch Group; Hearst Health; 31 television stations; newspapers; digital services businesses; and investments in emerging digital entertainment companies.
The Goodwin team was led by partner Dean Pappas and included partner Karen Turk and associates John Stern.