Norris Realty Advisors to Provide Restrospective Value Opinions
Standing as a prominent feature of The Downtown LA Live development, the Microsoft Theater (formerly the Nokia Theater) hosts major events in the entertainment industry every year. Our firm was recently contracted to provide a retrospective value opinion for the Microsoft Theater for its inaugural year of 2007.
This engagement has lead to extensive research on major theatrical venues throughout the Los Angeles area, and the US, with particular emphasis on the real estate component of theater operations.
Some other characteristics of this assignment involve determining the fiscal relationships between venues and promoters, reading event contracts between "acts" and theaters and researching the few major corporations that control the majority of major venues across the country.