Discussion in 'Media' started by DeathHamster, Jan 26, 2011.
I went there.....no mention of the unfortunate going off the cliff thing.....
Church of Scientology buys long-time rental for $32.5M
The organization uses the Commerce warehouse for printing and distribution
By Cathaleen Chen, The Real Deal, August 1, 2016
Famous scientologist Tom Cruise and the property at 6130 East Sheila Street (credit: CoStar, inset c/o CBS)
Thetans, rejoice — the Church of Scientology has acquired yet another piece of L.A. real estate.
The organization purchased a nearly 185,000-square-foot industrial warehouse in Commerce for $32.5 million in June, The Real Deal has learned.
The seller was the Guardian Life Insurance Company of America, a mutual insurance company based in New York.
Built in 2008, the XEBEC Sheila Industrial Center at 6130 East Sheila Street is a single-story Class A structure. The religious group had been a long-time tenant of the property, which is uses for printing and distribution, and it already brandishes the Scientology logo.
The Church of Scientology is known for its vast portfolio of properties around the world. While it’s unclear the precise number of properties it owns, representatives told the Hollywood Reporter in 2011 that the church had purchased more than 60 properties globally in the span of five years.
In L.A. alone, the group owns at least two dozen buildings, including its sprawling, cerulean-hued storefront at 4810 Sunset Boulevard. As of last year, $1.5 billion out of the church’s book value of $1.75 billion is tied up in real estate holdings, author of the blog the Scientology Money Project told Fortune.
The IRS revoked Scientology’s tax exemption privileges in 1967, but reportedly reinstated it in 1993 after the group filed thousands of lawsuits in retaliation.
About 25,000 Americans identify as Scientologists, according to the American Religious Identification Survey.
Another acquisition by the David Miscavige real estate investment trust.
"The IRS revoked Scientology’s tax exemption privileges in 1967, but reportedly reinstated it in 1993 after the group filed thousands of lawsuits in retaliation.
About 25,000 Americans identify as Scientologists, according to the American Religious Identification Survey."
And steadily falling.
Our money man on Scientology’s latest real estate purchase
By Tony Ortega, August 3, 2016
You may have caught the news at The Real Deal that Scientology had recently purchased a 185,000-square-foot warehouse in the City of Commerce (near Los Angeles) for $32.5 million. Scientology was already the tenant in the building, where it has one of its state-of-the-art printing and packaging facilities.
We know what you’re thinking. With so many overpriced, underused real estate boondoggles to David Miscavige’s name, had the Scientology leader made another blunder? We turned to our money man, John P, who explained to us that in this case, the church may actually be making a shrewd move. Here’s what he sent us:
One of Scientology’s most secretive temples is offering a rare look inside on Monday
By Tony Ortega, May 12, 2017
Scientology may be shrinking, and it may be having a harder time finding new celebrity members, but there’s one thing that the church is still the undisputed champion of.
Whole forests are denuded on a regular basis so Scientology leader David Miscavige can slap founder L. Ron Hubbard’s name on piles of new pamphlets and fliers and books, manufactured at a dizzying rate in a 185,000-square-foot plant in Commerce, California that the church says is the largest all-digital printing facility in the entire world.
And who are we to quibble? This place is obviously massive and state of the art, with a 121-ton press that can output 55,000 pages per hour, and with a myriad of other machines pumping out publications and design elements for all of the new Ideal Orgs Miscavige has been opening around the world.
Wouldn’t you love to get inside and sneak a peek? Well, you’ll get a chance this Monday.
The Southern California Postal Customer Council is holding an open house in the facility on Monday that will include tours.
Continued at http://tonyortega.org/2017/05/12/on...les-is-offering-a-rare-look-inside-on-monday/
Miscavige seems to be following Hubbard's adage of "Books make Booms."
Even prior to the internet, selling lots of books didn't guarantee prosperity or expansion of a movement.
But Hubbard believed it and that's all that matters in scientology.
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