June 30, 2025 Breaking News, Latest News, and Videos

Regus Sues Activision for $2.1 Million in Coworking Space Fees in Santa Monica

Activision Was In Discussion For An Extension When Hit With Rent Hike

IWG subsidiary Regus is suing Activision Publishing, claiming the video game company owes $2.1 million in fees for Regus’ coworking space at the Santa Monica Water Garden office complex as reported by The Real Deal.com. According to the lawsuit, Activision signed an agreement in October 2021 to use 78 office suites at Regus’ location at 2450 Colorado Avenue for a monthly fee of $233,000. 

The one-year deal lasted through November 2022 but was renewed through February 2023 for a monthly base fee of $254,000. Activision was reportedly in discussions for an additional three-month extension when Regus offered an “exorbitant rent hike” during lease extension negotiations. 

Regus claimed that Activision breached the agreement by failing to pay the entire amount owed for the six-month license term and repudiating the agreement. Activision alleges that Regus owes it hundreds of thousands of dollars. The dispute comes as JPMorgan, the owner of the Santa Monica Water Garden, is seeking $1.4 billion for the 1.4 million-square-foot office campus.

<>Related Posts

Three-Bed Palisades Highlands Townhouse Hits Market for $1.7M

June 30, 2025

June 30, 2025

The Mediterranean-style property, located at 1529 Michael Lane, is part of a 71-unit community A remodeled 1,919-square-foot townhouse in the...

Six-Bed Mar Vista Hilltop Home Under Construction Lists for $5.3M

June 30, 2025

June 30, 2025

The private backyard is complete with a pool, spa, fire pit, built-in BBQ, and areas for outdoor dining A stunning...

(Video) Getty Villa Reopens Six Months After Dodging Destruction of Palisades Wildfires

June 29, 2025

June 29, 2025

With the reopening also comes a new exhibit, “The Kingdom of Pylos” Getty Villa Reopens Six Months After Dodging Destruction...

Free Virtual Planetarium Shows Coming to SMC in July

June 29, 2025

June 29, 2025

The virtual format is in place as construction of the new SMC Planetarium and Observatory nears completion The Santa Monica...

Santa Monica Adopts $793.3M Budget for FY25-27, Prioritizing Housing and Safety

June 29, 2025

June 29, 2025

The budget preserves core services and invests in major projects, including over $1 billion in hotel investments The Santa Monica...

Iranian Pastor in West L.A. Speaks as Church Rocked by Immigration Raids 

June 28, 2025

June 28, 2025

Five Detained as Fear Spreads Through Persian Christian Faith Community  Fear has spread through a West Los Angeles congregation after...

California Doubles Down on Hollywood: $750M in Tax Credits Approved for Film and TV Industry

June 28, 2025

June 28, 2025

State Lawmakers Back Major Expansion of Production Incentives, Raising Job Projections Los Angeles’ film and television industry is poised to...

Park: “Our Water Infrastructure Must Be Emergency-Ready Every Day”

June 28, 2025

June 28, 2025

Councilwoman expressed cautious relief at the news but emphasized the need for robust infrastructure The Los Angeles Department of Water...

Washington Square Pizza Opens to the Public

June 28, 2025

June 28, 2025

New York Style Pizza “By-The-Slice” Now at the Beach By Nick Antonicello  Washington Square Pizza formally opened its doors today...

California Allocates $5B for Road Repairs, Transit Expansion

June 28, 2025

June 28, 2025

The funding aims to improve road safety, reduce traffic congestion, and promote cleaner transportation California is investing nearly $5 billion...

THIS SUNDAY: Palisades Symphony Presents “Best of Broadway”

June 28, 2025

June 28, 2025

The performance will feature a full orchestra playing iconic selections, from John Philip Sousa’s *El Capitan* and George Gershwin’s *The...

LAPD Updates Immigration FAQ to Clarify Enforcement Role

June 27, 2025

June 27, 2025

The document, available in English and Spanish, outlines the department’s policies and limits regarding immigration status The Los Angeles Police...

Three Santa Monica College Student Films Selected for International Film Festival

June 27, 2025

June 27, 2025

The LA Shorts International Film Festival, the city’s longest-running shorts festival, screens over 350 films annually and draws 10,000 attendees...

EEEEEATSCON Los Angeles Returns with Star Chefs, Firefighter Tribute, and Wildfire Relief Efforts

June 27, 2025

June 27, 2025

Culinary Festival Features Exclusive Restaurant Collabs, Support for Small Businesses  EEEEEATSCON Los Angeles, the celebrated food festival curated by The...

Suspect Charged by Los Angeles DA with Shooting of Santa Monica Cop and Teens

June 27, 2025

June 27, 2025

Faces Attempted Murder Charges and Over 100 Years to Life in Prison if Convicted. Criminal charges have been filed against...