SAG-AFTRA has bought an office building in the San Fernando Valley for $46.6 million that will serve as its new national headquarters
said that “As National President, I began to investigate ways to diversify our investment portfolio and was surprised to learn we were the only entertainment industry union to not own our own headquarters versus paying large rents. After multiple sessions with my Executive Directorand CFO Arianna Ozzanto, it was determined that SAG-AFTRA was now in a financially sound position to pursue this goal.
The Screen Actors Guild bought its first offices – on Sunset Boulevard – in 1956 for $200,000. It was the first wholly-owned headquarters in the union’s 23-year history – and until now, the last. At its gala dedication ceremony, SAG president Walter Pidgeon was joined by numerous celebrities, as well as by California Gov. Goodwin Knight, AFL-CIO president George Meany, Los Angeles Mayor Norris Poulson and L.A. Police Chief William H. Parker.
There was a star-studded dedication ceremony that time too, which was attended by L.A. Mayor Tom Bradley and seven former SAG presidents: Charlton Heston, Dennis Weaver, Howard Keel, William Schallert, Dana Andrews, Leon Ames and Ed Asner. There was even a brass band.
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