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We want to hear from you! Blackstone : Hudson Pacific Properties and Blackstone to Develop Los This Week's LA Deal Sheet. Victor Coleman, chairman-CEO of Hudson Pacific called Sunset Glenoaks a perfect example of our long-term strategy with Blackstone to buy and transform existing facilities and to build new, state-of-the-art studios within Los Angeles and other high-priority production markets weve identified for expansion.. 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. It does not appear that any building permits were pulled, however, and in January 2021, the Commercial Observer reported that Line 204 was looking to unload the property to Hudson Pacific. Hudson Pacific On Path to Develop Seven West Coast Studio and Office Sunset Glenoaks design includes optionality to shoot on a virtual stage; a state-of-the-art power grid designed for LED lighting; and high-speed fiber connectivity with scalable Internet. 1267 St Ives Pl - Los Angeles, CA apartments for rent The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 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. The complex is the second large project the two firms have undertaken since HPP sold a 49 percent stake in its studio portfolio to Blackstone last year. . Sunset Glenoaks Studio Project Delayed Long Enough to Get Tax Credit That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. The Los Angeles area already ranks as the worlds leader in soundstage capacity with more than 5.2 million square feet of certified space, FilmLA data show. Hudson Pacific, Blackstone To Build Sunset Glenoaks; Partners - Yahoo In 1922, Harry Cohn of Cohn-Brandt-Cohn (CBC) Film Sales Corporation rented 6070 Sunset Blvd in Poverty Row. Sunset Glenoaks Studios. With Hudson Pacific, Blackstone is developing the $190 million, 240,000-square-foot Sunset Glenoaks Studios in Sun Valley. Hudson Pacific Properties and Blackstone Group are set to build what they're calling Sunset Glenoaks Studios for $170 million to $190 million an approved soundstage development to add to its prized Sunset Studios portfolio and the overall race for content creation space in the L.A. area. Burbank Village Apartments 12244 Burbank Blvd is an apartment building with 2 floorplans, and studio-1 bedroom units available. Major renovations from flooring to new kitchen, and bathrooms . reported in its fourth-quarter results last week that it secured a $94 million construction loan for a portion of the, The project is estimated to cost between $180 million and $200 million. Between 1970 and 1972, Columbia moved from the 14-acre (57,000m2) lot, and joined forces with Warner Bros. in Burbank, then subsequently later moved to the Sony Pictures Studios (formally MGM and Lorimar Studio) in Culver City. Hudson Pacific Properties and Blackstone to Develop - PressReleasePoint Big players have been jumping in. Estars muy cerca de atracciones como Parque temtico Universal Studios Hollywood y Valle de San Fernando. Variety and the Flying V logos are trademarks of Variety Media, LLC. 3.We own 20% of the ownership interests in the unconsolidated joint venture that owns Burrard Exchange. Sunset Gower Studios is a 14-acre (57,000 m 2) television and movie studio at the corner of Sunset Boulevard and Gower Street in Hollywood, California. Sunset Glenoaks film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. The 240,000-square-foot Sun Valley project will be known as Sunset Glenoaks Studios. Though the project was approved by the Los Angeles City Council in 2015, it appears that productions that shoot at Sunset Glenoaks will qualify to claim the incentive. Property to join the Sunset Studios brand family as Sunset Glenoaks Studios LOS ANGELES and NEW YORK (July 29, 2021)Hudson Pacific Properties, Inc. ("Hudson Pacific") (NYSE: HPP) and Blackstone (NYSE: BX) today unveiled plans to develop a fully entitled, state-of-the-art, purpose-built studio facility in Sun Valley, California. Hudson Pacific Properties and Blackstone are planning a ground-up studio facility in Sun Valley. HPP owns roughly 20 percent of all leasable soundstage space in Los Angeles County, making it one of the largest studio investors in L.A. along with Hackman Capital Partners. What Now Media Group 2023. The Registry-November 2, 2021 0. | January 23, 2023 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. California's Sunset Studios Expanding To UK's - Yahoo! Studio Lot Rentals At Sunset Los Angeles 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. 2. PDF Quixote Studios Acquisition Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. We and our partners use cookies to Store and/or access information on a device. 22281 Tupelo Pl, Boca Raton, FL 33428 | Redfin 2 Bd, 1 Ba 1 Half Ba. This investment reflects both our high conviction in content creation, a space that is benefitting from strong, secular tailwinds, and our long-term commitment to the Los Angeles market. Jacob Werner, senior managing director for Blackstone Real Estate, said Sunset Oaks is the first large-scale studio development in the last 20 years in the city. Sustainability and health and wellness are a priority. Hudson Pacific, Blackstone Score Construction Loan for Sunset Glenoaks 343 Pioneer Dr - 343 Pioneer Dr unit 1103 | Glendale, CA Houses for PARTNER CONTENT. Manage Settings $4,200/mo. It will cover 240,000 square feet on over 10 acres with seven sound stages. For more information, please see ourprivacy policy. The Sunset Gower Studios lot, the home of such Columbia classics as Frank Capra's It Happened One Night in 1934, Mr. Smith Goes to Washington in 1939, the Three Stooges shorts, Funny Girl and The Caine Mutiny, has continued to host productions of top new films such as The Good Shepherd and The Good German. This fabled orchid breeder loves to chat just not about Trader Joes orchids, Best coffee city in the world? Well maintained complex. RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. Jacob Werner, senior managing director for Blackstone Real Estate, said Sunset Oaks is the, first large-scale studio development in the last 20 years in the city. The Sunset Glenoaks studio has been delayed for seven years, and now stands to be first line for a new tax credit. The primary bedroom is filled with natural light and hosts its . Cohn-Brandt-Cohn (CBC) Film Sales Corporation, "Sunset Gower Studios - via Socialbilitty Places", "Sunset Gower Studios, former home of Columbia, marks 100 years", "Hudson Pacific Properties plans massive expansion at Sunset Gower Studios", "Hollywood's Legendary Sunset Gower Studios Is Reborn: Multi-Million Dollar Remodeling and New Construction Underway", "A Thumbnail History of Sunset Gower Studios", https://en.wikipedia.org/w/index.php?title=Sunset_Gower_Studios&oldid=1117585492, Buildings and structures in Hollywood, Los Angeles, Film production companies of the United States, Entertainment companies based in California, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 October 2022, at 14:25. Needing an appropriate backdrop, Newsom signed the tax credit bill last week at Sunset Gower. [6], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}34546N 1181916W / 34.09611N 118.32111W / 34.09611; -118.32111. SERVICE LINE: Snyder Langston . $190-million office, studio complex coming to the Northeast Valley The project is estimated to cost between $180 million and $200 million. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. Responding to the surging demand for state-of-the-art studio space, Hudson Pacific Properties Inc. and Blackstone are teaming up to develop the first large-scale, purpose-built studio in the Los Angeles area in more than 20 years. The price tag for the project, to be called Sunset Glenoaks Studios, is . It will feature seven soundstages on a 10-acre parcel at 11070 W. Peoria . But now, that long delay looks like a lucky break. The project to expand production at Television City comes as shortages keep the regions existing soundstages booked year-round. New light . The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. Last week, Gov. By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. Quixote Studios Being Acquired By Hudson Pacific For $360 Million 434 W. Dryden Street Apartments - 434 W Dryden St, Glendale, CA 91202 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. Sunset Studios. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels. Two bedrooms 1 and 1/2 bath townhome for lease in desirable N/W Glendale above Glenoaks. Hudson Pacific, Blackstone to build Los Angeles area studio facility Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. Hudson Pacific On Path to Develop Seven West Coast Studio and Office Sunset Glenoaks Studios KW&A assisted with this project. Without the guidance of the Cohn Brothers, Columbia Pictures Corporation was not the profit-making company it once was. Hudson Pacific buys Quixote Studios in $360-million deal - Yahoo News 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. Roger Vincent covers commercial real estate for the Los Angeles Times. Famed Universal Studios lot will add soundstages as film and TV Their lawsuit was rejected by a Los Angeles Superior Court judge in 2016. 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. 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. Start your search today. A rendering of a production office at Sunset Glenoaks Studios. The company also said on its website that construction began in 2020. 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. $170 Million Movie Studio Coming to Sun Valley It will have seven soundstages, offices and other production facilities on 10 acres. The timing almost could not have worked out better. About Sunset Studios Next. The Technicolor building opened its doors in 2008. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. 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. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. Los Angeles, A $150,000 executive protection dog? In 2014, the City of Los Angeles signed off on a proposal to redevelop a former gravel pit in the Northeast San Fernando Valley with a movie studio. The Los Angeles area already ranks as the worlds leader in soundstage capacity with more than 5.2 million square feet of certified space, FilmLA data show. Glen Oaks Big Sur | Fireside rooms, cabins, and cottages in the heart 1 Available. Not all features are available in every apartment. The studio will comprise approximately 240,000 square feet on more than 10 acres, making it the first large-scale purpose-built studio development in Los Angeles in decades.