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WeWork leases six floors in downtown L.A.'s Fine Arts Building
WeWork leases six floors in downtown L.A.'s Fine Arts Building

WeWork, a shared-office service for budding entrepreneurs, has agreed to open a large outpost in one of the best-known historic buildings in downtown Los Angeles. The New York company leased 44,500 square feet on more than six floors in the Fine Arts Building, a richly embellished 1920s office tower at 811 W. 7th St. WeWork’s 15-year lease is set to begin next month, said Veronica Mainetti, president of landlord Sorgente Group of America Corp. WeWork will pay $34 per square foot per year in rent, she said. This will be the second Los Angeles location for WeWork, which leased space in Hollywood in 2011. Its offices are an updated version of executive suites, in which tenants...

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