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Tower Burbank purchase boosts landlord's dominance in media district
Tower Burbank purchase boosts landlord's dominance in media district

Office landlord Jeff Worthe is towering over the Burbank Media District these days. That's the busy entertainment hub along the Ventura Freeway with hundreds of media firms surrounded by Universal, Warner Bros. and Disney studios. Worthe's real estate firm in Santa Monica already owns or manages more than half the office space for rent around the media district, and now he's purchased Tower Burbank, the tallest building in Burbank at 32 stories. He figures he controls more than 70% of office space there. "Burbank really is the media capital of the world when you consider few cities in the U.S. have even one major studio," Worthe said. "That draws a lot...

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