David Kluth of Julien J. Studley Inc. tells GlobeSt.com that Raleigh, which has been based in Southern California for more than 45 years, had about a year left on its existing lease on the eighth floor at the 21-story, 245,000-sf office tower at the corner of Wilshire Boulevard and Ocean Avenue.

Raleigh operates one of the entertainment industry's largest groups of independent film and television studios, plus hotels and vineyards.

The 100 Wilshire building is among the most prestigious office addresses in the Los Angeles area, with ocean views and proximity to the lively downtown Santa Monica restaurant and shopping district, and it commands some of the highest rents in the region.