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Ares Management Corp. is moving to a new Los Angeles headquarters down the street from its current offices, cementing its commitment to California’s largest city at a time other companies are departing the state.
Ares signed a 12-year lease at 1800 Avenue of the Stars in the Century City district, a deal that includes naming rights to the building, according to a statement Wednesday. The investment manager, who plans to relocate in June 2024 to the new offices, will take space in a 1960s-era tower that’s one of a pair of buildings undergoing $100 million in renovations by landlord Anderson Holdings, a family-owned business.
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