Saturday, June 30, 2007

Technicolor DVD Downsizing

Sandstone Properties Inc., Santa Monica, has acquired the Technicolor campus in Camarillo for about $100 million. The property consists of two buildings totaling 920,000 square feet. Technicolor put the property on the market as part of a restructuring that includes downsizing its DVD operations in the U.S. The company plans to lease back a portion of the property and will retain its headquarters for DVD production in Camarilllo.