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New Lakers Facility Will Bolster Local CRE

EL SEGUNDO, CA—According the City of El Segundo, the newly announced Lakers facility at elevon will have some significant economic benefits, GlobeSt.com reports in this UPDATE to a previous story.

By Kelsi Maree Borland | Updated on June 15, 2015

EL SEGUNDO, CA—The new Lakers headquarters office and practice facility going up in El Segundo will have some significant economic benefits, according to El Segundo city manager Greg Carpenter. Earlier this month, GlobeSt.com reported that the basketball team has purchased five acres of land at elevon at Campus El Segundo from CDC and Mars Ventures to build a new headquarters office and practice facility. After talking with the city, we have learned that the project will help continue to fuel the already popular development market.

“The Lakers’ investment in this new facility will bolster El Segundo’s increasingly hot commercial real estate market,” Carpenter tells GlobeSt.com. “The training facility will provide tourism and visitor interest to El Segundo that will support local businesses and hotels. Additionally, the Lakers facility will bring jobs and ancillary revenue streams benefiting the local communities. With its stunning architecture, the facility is unlike anything else in the City.” 

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