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$190-million office, studio complex coming to the Northeast Valley. Bardas Investment Group in May announced plans to build a 350,000-square-foot soundstage-and-office complex in Hollywood. Hudson Pacific buys Quixote Studios in $360-million deal NoHo Mansion w/ Pool + BBQ + Basketball Court - expedia.com Blackstone to Buy PS Business Parks for $7.6 B 10-K: HUDSON PACIFIC PROPERTIES, L.P. - MarketWatch This Week's LA Deal Sheet. Other proposed ground-up studio developments in the Los Angeles area include Echelon Studios, a $450-million project planned by Bain Capital Real Estate and BARDAS Investment Group in Hollywood, the $1.25-billion Television City 2050 plan, and a $650-million complex proposed for the L.A. Times Printing Plant site in Downtown. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. Sunset Glenoaks is being planned by Hudson Pacific and its partner Blackstone. Sarah Butler. Hudson Pacific buys Quixote Studios in $360-million deal Sunset Studios includes three storied lots in HollywoodSunset Bronson, Sunset Gower, and Sunset Las Palmas, that have been home to iconic television shows and . We are leveraging our development and studio operations expertise to further expand Sunset Studios facilities here in Los Angeles, where demand from leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply., Future location of Sunset Glenoaks StudiosGoogle Maps. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. All rights reserved. Mark Lammas, president of Hudson, said during the quarterly earnings call that the firm expects Sunset Glenoaks to generate approximately $15 million of new annual income once its operational. In 1928, Columbia's official address became 1438 Gower Street and that year they bought the last piece of land of the old Gower Ranch at 1400 N Gower Street.[3]. Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming development market for sound stages. Actual product and specifications may vary in dimension or detail. With many projects in the planning process, the company is also wrapping construction on One Westside, a 584,000 square-foot creative office project in Los Angeles. and a 30,000 s.f. Hudson Pacific, Blackstone Plan Studio Project in Sun Valley The project is estimated to cost between $180 million and $200 million. Home / Los Angeles, CA / 1267 St Ives Pl. 2 Beds. Hudson Pacific, which entered into its partnership with Blackstone in 2020, owns 42 soundstages and 3.5 million square feet of existing or proposed real estate under its Sunset Studios portfolio, including the existing Sunset Bronson, Sunset Gower, and Sunset Las Palmas properties. The Los Angeles-based commercial landlord reported $240.5 million in revenue in the fourth quarter of last year, a slight increase compared to the previous quarter. We use cookies for anonymous analytics and operational purposes: information we share with our affiliates and our service providers is solely for purposes of advising us on the nature and extent of our website traffic for marketing and security purposes. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages, and the owners said they are pursuing other expansion opportunities in Los Angeles, New York, London and Vancouver, Canada. Sunset Glenoaks Studio - Concrete Tilt-Up Construction Line 204, a company that owns soundstages in Pacoima and Hollywood, first proposed building the studio in 2014 on the site near the corner of Glenoaks Boulevard and Peoria Street in Sun Valley. CEO Victor Coleman said the pandemic accelerated pre-leasing studio demand trends, driving an abundant amount of capital to the tech and media industries., Production spend is anticipated to increase again this year as the battle for streaming service subscribers further intensifies the U.S. and global markets alike, Coleman said. The Times may extend its lease there into the 2030s. Hudson said the development will offer content creators a unique production environment as the first large-scale facility built in the city in more than 20 years. Its "back lot" on Hollywood Way in Burbank, where the Columbia westerns were made, became the property of Warner Bros. Columbia Pictures Corporation, renamed "Columbia Pictures Industries, Inc." after merging with its television subsidiary Screen Gems (now Sony Pictures Television) in 1968,[4] became a film entity without real estate. It was also used in the seventies as a music rehearsal facility catering to musicians such as Elton John, Fleetwood Mac, The Eagles, Led Zeppelin, Ringo Starr, Frank Zappa, and Olivia Newton-John. Not all features are available in every apartment. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Plans also call for 120,000 square feet of accompanying stage support space, offices with views of the surrounding hillside, a mill, and parking for up to 450 vehicles. The Registry-November 2, 2021 0. July 29, 2021 6:00am. (16) Skyway Landing was sold on February 6, 2023. 1 Bed. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens, Rachael Ray Daytime Talk Show To End After 17 Seasons, Eyes $45.5M Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA And Casting Directors Weigh In On Self-Tape Controversy, Oscar Winner Guillermo Del Toro On The Films That Lit His Fuse. PDF Quixote Studios Acquisition Hudson Pacific and Blackstone aren't the . Its Sunset Glenoaks Studios is . (15) We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. What Now Los Angeles is assembling LA's leading organizations in the restaurant, retail and real estate industries to help you take your business to the next level. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Sticker shock: Ranking South Floridas priciest residential rentals, High Street, Daiwa bring resi to River Oaks, St. Charles revamp of torched resort takes center stage in local City Hall races, LIV plans massive resi project in Fort Worth, KBS deal to sell Union Bank Plaza to Joel Schreiber delayed for 9th time. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. Sunset Boulevard adding storage area of 628,000 square feet (58,300m2). RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. We are customizing your profile The developers expect to complete the project in the third quarter of 2023. Sept. 1, 2022 11:12 AM PT. $170 Million Movie Studio Coming to Sun Valley PARTNER CONTENT. Helped in addressing FLS comments, produced construction details, revised drawings, conducted Code analysis, exiting analysis, and plumbing Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Soundstages to Rise in Sylmar - San Fernando Valley Business Journal Outside of the studio world, the firm is still heavily focused on office properties. The pair will develop Sunset Glenoaks Studios, which forms part of three existing Sunset studios in Hollywood also jointly owned by Hudson Pacific and funds managed by Blackstone. 1) Includes under construction 241,000 square-foot Sunset Glenoaks Studios in the San Fernando Valley and planned 1,167,000foot Sunset Waltham Cross Studios in North London and excludes 1,120,000 square feet of nonrevenue generating trailer and equipment - storage space. Last week, Hudson Pacific Properties and Blackstone announced plans for Sunset Glenoaks Studios, a project which would rise from a currently vacant 10-acre site at 11100-11220 W. Peoria Street. Next. You will be redirected back to your article in. 1279 Sqft. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. Golden Gate Point , a 25 acre private peninsula. The year-ago loss was mostly attributed to a jump in operating expenses and costs associated with several major acquisitions. The 240,000-square-foot Sun Valley project will be known as Sunset Glenoaks Studios. We do not sell and will not sell any personal information. An example of data being processed may be a unique identifier stored in a cookie. . The 240,000-square-foot Sunset Glenoaks Studios project will include seven film- and TV-ready soundstages, production office and support space with more than 10 acres at 11070 West Peoria Street in the Sun Valley neighborhood. Kaiser Permanente plans to move 1,200 administrative jobs from . Sunset Glenoaks Studios will be a new complex on 10 acres on Peoria Street in an industrial district of Sun Valley near Glenoaks Boulevard. Burbank Village Apartments 12244 Burbank Blvd is an apartment building with 2 floorplans, and studio-1 bedroom units available. For more information, please see ourprivacy policy. A spacious front porch wraps around the front of this charming 3 bedroom / 2 bath home and overlooks the fenced-in yard on this 1/3 acre lot. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. Hudson Pacific, Blackstone to develop $190m Los Angeles studio facility The Sunset Studios branding follows the branding of three other large production facilities they own Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas. Our ability to capitalize from a real estate perspective, Chairman & CEO, Hudson Pacific Properties. Cmo llegar a La Seismic Construction en Echo Park, La en Autobs The Poverty Row area of Hollywood, bounded by Sunset Boulevard on the North, Gower Street on the West, and Beachwood Drive on the East, was a collection of small warehouses and offices where independent film makers gathered to buy "short ends" of film from the major studios, in order to create their "great American dreams". HPP and Blackstone Unveil $180M Studio Plans - Connect CRE Beautiful hardwood floors, quartz counters, and shaker cabinets bring the kitchen to life, while also featuring a countertop bar to dine at, or dine at the dining table surrounded by windows. Gregory Cornfield can be reached at gcornfield@commercialobserver.com. Storied movie studio Warner Bros. Ranch in Burbank will be redeveloped with 16 new soundstages as demand for facilities to make movies and television . - Sunset Magazine. 10. In August of last year, just after the firms announced Sunset Glenoaks, the companies scored $1.1 billion in refinancing for the entire studio portfolio from Bank of America, Wells Fargo and Societe Generale. The creation of the new studio in the San Fernando Valley fits into the developers long-term strategy to buy and transform existing facilities and build new studios in busy markets for film and television production, Hudson Pacific Chief Executive Victor Coleman said. About Sunset Studios Yes, Scream VI Marketing Is Behind the Creepy Ghostface Sightings Causing Scares Across the U.S. David Oyelowo, Taylor Sheridan's 'Bass Reeves' Series at Paramount+ Casts King Richard Star Demi Singleton (EXCLUSIVE), Star Trek: Discovery to End With Season 5, Paramount+ Pushes Premiere to 2024. HPP and Blackstone expect to finish Sunset Glenoaks Studios in the third quarter of 2023, according to the announcement. It will have seven soundstages, offices and other production facilities on 10 acres. In order to expand their studio platform joint venture, Hudson Pacific Properties and Blackstone (BX +0.3%) announced to develop Sunset Glenoaks Studios, a fully entitled, state-of-the-art . [2][3] Following success and a move into feature films, in 1926, CBC (under its new name of Columbia Pictures), acquired a Gower Street property with stages previously used by California Studios. . Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. Seven film- and TV . Floor plans are artist's rendering. Future location of Sunset Glenoaks Studios, the $1.25-billion Television City 2050 plan, a $650-million complex proposed for the L.A. Times Printing Plant site in Downtown. On May 19, 2022, the Company purchased a parcel of land at Sunset Gower Studios that was previously encumbered by a ground lease for a total purchase price of $22.0 million, before certain credits . (W)e do not believe that the project being entitled prior to the legislations signing would preclude Sunset Glenoaks tenants from benefiting from these new tax credits, said Jeff Stotland, senior vice president of global studios at Hudson Pacific, in a written response. Liked by Lee Watkins. That would make it much cheaper to shoot there than at pre-existing facilities. 10-acre Sunset Glenoaks would be 2nd major development project since JV formed, Blackstone Group President Jonathan Gray and Hudson Pacific Properties CEO Victor J. Coleman with the proect (Blackstone, HPP). Sunset Studios. The film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. About 616 Golden Gate Pt #7. He noted that demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. Guard gated community. provided the loan, property records show. Hardwood floors throughout refinished. By purchasing and renovating existing studios as well as building new facilities from the ground up, Hudson Pacific has established Sunset Studios as one of the leading operators of premier, independent, purpose-built studios and related production services in Los Angeles and the UK. With Hudson Pacific, Blackstone is developing the $190 million, 240,000-square-foot Sunset Glenoaks Studios in Sun Valley. Construction is expected to be completed in the third quarter of 2023 at a cost of $170-$190 million. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Los Angeles, A $150,000 executive protection dog? But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. 2023 Deadline Hollywood, LLC. The partners said the operation will prioritize sustainability, health and wellness including EV charging stations, bike parking and showers, and will be 100% carbon neutral. By executing on our vision to deliver high-quality sound stages alongside a robust array of production services, we've created a premier, streamlined solution for today's leading media companies. Sunset Studios. At that time, Alton Butler, the CEO of Line 204, said that he expected to break ground that September, and that the project would be operational by late 2019. Tag: Sunset Glenoaks Studios. In August 2007, Sunset Gower Studios was bought by Hudson Capital. National Investment Companies Plan Sun Valley Studio Development 2023 Variety Media, LLC. A group of homeowners from the Shadow Hills community fought the project at City Hall, arguing that the studio would be too big and would generate too much traffic. New kitchen with granite counter tops, Stainless steel appliances. 2 Bd, 1 Ba 1 Half Ba. In 1922, Harry Cohn of Cohn-Brandt-Cohn (CBC) Film Sales Corporation rented 6070 Sunset Blvd in Poverty Row. The facility will also include . Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming development market for sound stages. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. Television programs which have occupied several sound stages most notably include current series Scandal and How to Get Away with Murder and ended series Heroes, Dexter, NewsRadio, The Amanda Show, Deal or No Deal, Saved by the Bell, Hip Hop Harry, City Guys, Six Feet Under, JAG, Married with Children, Soap, That's So Raven, Moesha, The Parkers, The Donna Reed Show, Father Knows Best, Hazel, I Dream of Jeannie (which also used the "Father Knows Best" exterior house and "Donna Reed Show" interior living room), Bewitched, The Monkees, the first two seasons of The Golden Girls,[2] the final three seasons of The Facts of Life, and the final two seasons of Silver Spoons. Sunset Glenoaks will comprise approximately 240,000 square feet on over 10 acres, making it the first large-scale, purpose-built studio development in Los Angeles in decades.

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