Acting Union Buys Nearly 20K-Square-Foot Property on Tujunga

The Actors' Equity Association is moving to an 18,000-square-foot building at 5636 Tujunga Ave.

The 49,000-member union plans on using the location for housing offices as well as audition space, according to NoHoArtsDistrict.com

“As our experience has proven, the real estate that Equity purchased in New York in 1978, and in Chicago in 2009 were prudent, forward-thinking strategies that have given Equity visibility and financial security, while also giving us the resources to develop and deliver services to our members," Steven DiPaola, the union's assistant executive director for finance and administration, told the website. "We now have a third, tangible real estate investment that strengthens our portfolio and expands our abilities in Los Angeles and the surrounding areas.”

Renovations are planned for latest this year while the target date for occupancy is 2014.