Commercial property prices 2022: leasehold improvement


GoodRx Santa Monica

Location: 2701 Olympic Boulevard, Santa Monica
Developer: AM project management
Service provider: Clune Construction
Architect: RIOS

Founded in 2011, GoodRx is an app-based healthcare company that tracks US prescription drug prices and provides free drug coupons for drug discounts. Demand for discount pharmaceuticals led to rapid growth for the company, and in May 2020 the company began construction on a brand new 76,000 square foot headquarters in Santa Monica.
GoodRx envisioned their new headquarters as a space that brings the feel of a personal family room into one space through an eclectic understanding of the look of “home.” The architectural firm RIOS worked closely with the client to design this vision. The design uses urban planning strategies to support GoodRx’s growing population in a strategic workplace. The workplace combines large warehouse spaces with smaller meeting rooms to create a welcoming and collaborative environment. Clune Construction acted as general contractor on the project.
The project consists of several high-end centerpieces, including a coffee bar with a full-time barista, a structural steel library, a meditation and yoga center, three interconnecting staircases, a mezzanine for groups, six skylights and a speakeasy with a restored 100-year-old Glasgow, Scotland bar.

Lawrence J. Ellison Institute for Transformative Medicine at USC

Location: 12414 Exposition Boulevard, Los Angeles
Developer: The Luzatto company
Service provider: Sierra Pacific Builders
Architect: RIOS

The design of the 84,000 square foot project features an interior designed around an environment where transparency and optimal collaboration inspire cancer research innovation and transform patient well-being. By incorporating elements like biophilia, light, sound, and other sensory strategies, the building connects with the healing components of nature to harness inspiration and create well-being. This is evident at the heart of the building where a three-story atrium uses full-height glazing to support a lush indoor planter with ferns, mosses and an iconic bonsai tree.

Rocket Lab Headquarters

Location: 3881 McGowen Street, Long Beach
Developer: Sares Regis Group
Service provider: KPRS Building Services, Inc.
Architect: H. Hendy Associates

Located in Long Beach, this project was built by KPRS, in partnership with Sares Regis as developer and with designs by H. Hendy Associates. The new location provides expanded space for the West Coast headquarters of Rocket Lab, an aerospace manufacturer and small satellite launch service provider. The project was carried out in two phases and offers unique moments that help transport visitors to another world. The first phase included offices, a laboratory, a production space and a 3D printing area. The second phase involved the Mission Control Room, Exhibit Hall and Lobby.

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