Office landlord Jeff Worthe is towering over the Burbank Media District these days.
That's the busy entertainment hub along the Ventura Freeway with hundreds of media firms surrounded by Universal, Warner Bros. and Disney studios.
Worthe's real estate firm in Santa Monica already owns or manages more than half the office space for rent around the media district, and now he's purchased Tower Burbank, the tallest building in Burbank at 32 stories. He figures he controls more than 70% of office space there.
"Burbank really is the media capital of the world when you consider few cities in the U.S. have even one major studio," Worthe told the Los Angeles Times. "That draws a lot of people to that market who want to be in and around those big studios."
A landlord in Burbank since 1984 with partner M. David Paul, Worthe Real Estate Group has built nine office buildings totaling more than 2.2 million square feet and bought five more buildings plus the former NBC Studios. About three-fourths of its tenants are in the entertainment business.