The radio station that carries L.A. Lakers games and has a playlist
that includes Frank Sinatra and Nat King Cole is moving to Burbank to
join what is quickly becoming a hub of stations and record companies.
Radio personalities for KLAC-AM (570) announced on the air this
week that the station is moving from offices in Los Angeles to
Burbank, but did not say when the move would take place. A commercial
Realtor confirmed that the station is moving into the Pinnacle
building at 3400 W. Olive Ave. as part of an influx of radio
KLAC officials did not return repeated calls for comment on the
move, and the station’s Web site makes no reference to the announced
move or move-in date.
In January, the station’s parent company -- San Antonio-based
Clear Channel Communications Inc. -- announced an agreement with
developer M. David Paul Associates to move eight Los Angeles-area
radio stations, including KLAC, into the Pinnacle building in the
heart of Burbank’s Media District.
“We signed a lease very late last year for eight radio stations to
consolidate into the Pinnacle Building, and they will all be in by
March,” said Carl Muhlstein, senior director at Cushman & Wakefield,
the company that brokered the deal.
The consolidation has an estimated worth of $2 billion, with close
to 100,000 square feet being leased for $45 million throughout the
lease’s 12-year duration.
Among the other stations that are moving are KOST-FM (103.5),
KBIG-FM (104.3), KFI-AM (640), KXTA-AM (1150).
For more information, call 846-3111.