Saban Firm Moves to Century City

Media tycoon Haim Saban’s new company, Saban Capital Group Inc., will relocate from Westwood to the entire 24,000-square-foot penthouse floor of Century City’s 26-story tower at 10100 Santa Monica Blvd.

The firm has agreed to lease the highest of the five floors previously occupied by Princess Cruises, which has relocated to Valencia.

Financial details of the 10-year lease weren’t disclosed. Terms of recent Century City deals suggest the total consideration is nearly $15 million. Les Small of Les Small & Co. represented the Saban group; Todd Later of Hines Interests represented the institutional property owner’s investment advisor Heitman Capital Management.

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Brad Berton