Personally, it make me sad. As a little kid, everyone wanted to go to Avalon and be on What Now. I was only in the studio audience once but it was one of the highlights of my years as a little kid. I found the place fascinating.
I think TVNZ have made a bad decision selling up there. If I had it my way, TVNZ 7 & TVNZ U would be run out of there instead of using the cramped Victoria St studios. If they still owned the tower block, Radio NZ would be in there as well. Avalon has so much potential, it's just the people running it can't see it.
It's and end of an era.