Celtic plans to buy old Red Cross building

The Celtic Media Centre is set to buy the former American Red Cross building across the street from its film studio complex. Bob Bayham, executive vice president and CFO for Celtic, says the deal should close at the end of the month. Bayham wouldn’t disclose a sale price for the 17,000-square-foot building, citing confidentiality agreements. Plans are to use the building as production offices for tenants who are shooting movies or TV shows in town. “These would be leased on a short term basis, although there is one potential tenant that would be a long term lease,” Bayham says. The Red Cross recently moved into a new office on Sherwood Commons Drive, which freed up the old space off Airline Highway. Celtic Media occupies a 23-acre site off Airline Highway, which has about 120,000 square feet of soundstages, offices and editing suites spread across six buildings. Battle: Los Angeles, a Columbia Pictures movie, is currently in pre-production at Celtic.—Timothy Boone