Real Estate Sale

When you need to raise money, you liquidate stuff.

In a regulatory filing on Thursday, DreamWorks Animation disclosed that SunTrust Equity Funding had signed an agreement earlier this week to purchase the DreamWorks campus for $185 million.



The sale includes 10 buildings on about 15 acres of land, which was developed two decades ago and is dotted with olive trees, oaks and a koi pond. ...

I've walked around the campus numerous times. You feel like you're in the middle of an Italian Renaissance village, maybe a corner of Florence.



I think of the koi pond (which is large) as "Lake Katzenberg." Snowy egrets have been known to swoop in and feast on the fish swimming in its clear, placid waters.



Add On: Prez Emeritus Sito recalls:

Soon after the campus was completed, I was showing Frank & Ollie around when they came to visit. I remember Frank saying " This place is sure nice. And just think, if things don't work out, it would make a swell outdoor shopping mall..."

I don't think Frank's speculation will come to pass. Jeffrey is tenacious.