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Regal Cinemas Replaces ArcLight at Iconic Los Angeles Mall in Expectation of Industry Rebound

Planned Expansion May Signal Rising Fortunes for Besieged Movie Theater Industry
Regal Cinemas plans to occupy and renovate more than 87,000 square feet vacated by ArcLight Cinemas at Sherman Oaks Galleria in Los Angeles. (CoStar)
Regal Cinemas plans to occupy and renovate more than 87,000 square feet vacated by ArcLight Cinemas at Sherman Oaks Galleria in Los Angeles. (CoStar)
CoStar News
June 21, 2021 | 11:12 P.M.

A Los Angeles movie theater that was shut down by the pandemic is gearing up for a second act under one of the nation's largest cinema owners, marking a bet on expansion and recovery by an industry that's still struggling in the health crisis.

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