Academy of Motion Picture Arts and Sciences

O’Melveny assisted the Academy of Motion Picture Arts and Sciences in acquiring site control rights for its new US$300 million Motion Picture Museum in Los Angeles, including negotiation of the 100-year ground lease, development agreements, parking agreements, and advising on development issues. The lease enabled the Academy to proceed with a project it has been planning for 30 years. We also represented the Academy in the sale of a city block in Hollywood to Kilroy for US$45 million, including negotiation of purchase and sale agreement, advising on bidding issues, and entitlement issues.