Broadcaster signs deal to keep its media hub in this Los Angeles neighborhood
AMV Digital Media opts for stability as uneven demand shapes office market
AMV Digital Media has renewed its 12,000-square-foot lease for five years at 12950 Culver Blvd. in Marina del Rey. (CoStar)
By Brannon Boswell
CoStar News
April 13, 2026 | 5:20 P.M.
AMV Digital Media, a firm built around live broadcasts and real‑time production, has struck a deal to renew its media hub, in a bright spot for Los Angeles' entertainment landscape.
The company provides livestreaming services for events ranging from the Grammy Awards to Coachella and to entertainment platforms including Comcast, YouTube Live, Hulu, Netflix and Apple. It signed a deal to keep its 12,000‑square‑foot space at 12950 Culver Blvd. in Marina del Rey for another five years, locking in a facility designed around fiber connectivity, satellite infrastructure and on‑site production needs, according to Commercial Real Estate Advisors, which represented the tenant in the deal.
“When a tenant’s space requirements are this specialized, relocation can disrupt the entire operation,” CREA broker Myles Vargas-Smith told CoStar News. “Our job was to find a way to keep AMV where they belong while making sure the economics worked in their favor.”
The building at 12950 Culver Blvd. is equipped with the latest satellite equipment and other infrastructure required to stream live events. (CoStar)
The renewal offers a rare signal of stability in Los Angeles’ entertainment real estate sector, where production slowdowns, corporate consolidation and remote work have weighed on leasing. Still, some critical users — such as companies that support broadcast and streaming operations — are still doubling down on place.
AMV Digital Media uses the facility as a production-heavy hub, supporting live broadcasts, streaming events and postproduction work with infrastructure that includes dark fiber connectivity, satellite capacity and redundant power systems that can’t easily be replicated elsewhere.
Despite still‑elevated vacancy, Marina del Rey has seen a rare burst of large move‑ins over the past year, according to CoStar data, suggesting that for big entertainment and creative users who value Silicon Beach’s talent base and limited new supply, staying put at today’s flat rents can make more sense than trying to relocate within an expensive, tight submarket.
Streaming infrastructure shift
The 22,381-square-foot building itself reflects an earlier era of telecom investment. It was built by development firm Steaven Jones in 2000 with significant infrastructure that AMV later adapted for modern streaming and live production needs.
That legacy setup, including rooftop satellite arrays and high-capacity connectivity, made the space uniquely suited to AMV’s operations and difficult to replicate without major investment.
“It would have taken significant capital to make a move make sense,” Vargas-Smith said, noting that even viable alternatives required similar underlying infrastructure to be competitive.
To create leverage in negotiations, CREA sourced comparable buildings with existing dark fiber connectivity, allowing the tenant to secure favorable terms without disrupting operations.
The deal also underscores how certain entertainment-adjacent users differ from traditional office tenants, with employees required on site daily to operate production equipment and manage live broadcasts.
At the same time, Silicon Beach remains a study in contrasts, with some creative office pockets seeing softer demand while areas near major tenants like Amazon, Apple and Sony continue to show strong activity, Vargas-Smith said.
Even as layoffs, consolidations and shifting production patterns cloud the outlook, emerging users tied to the creator economy and smaller production companies are beginning to backfill space, offering early signs of a new phase for Los Angeles’ entertainment leasing market, according to CoStar data.
To read the article on Costar, go here.