We do not sell and will not sell any personal information. Local soundstages have remained leased during the pandemic; location shoots, which had dwindled to a trickle during the worst months of the pandemic, are mounting a comeback. 1. Recessed lighting in kitchen and living room. Browse 15 Studios in Glen Oaks, NY to find your dream Glen Oaks studio apartment. Variety reports that the project will be among the first developments to benefit from a $150-million state tax credit intended to promote the construction of new production facilities. Upon its completion, the joint venture will collectively own and operate 42 stages, or 3.5 million square feet, of LA-area studio facilities under the Sunset Studios platform. This Week's LA Deal Sheet (August 8, 2021) - Bisnow Construction of the roughly 240,000-square-foot studio complex is expected to begin this year and wrap up by the third quarter of 2023. Hudson Pacific On Path to Develop Seven West Coast Studio and Office This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. 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. Its expected to be complete by the third quarter of 2023. Send us a tip using our annonymous form. In August 2007, Sunset Gower Studios was bought by Hudson Capital. 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. Sunset Glenoaks Studios Archives - The Registry storage and mill shop for set and prop construction. Shadow Hills. 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. Manage Settings 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. New light . The Los . 434 W. Dryden Street Apartments - 434 W Dryden St, Glendale, CA 91202 That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. Do Not Sell or Share My Personal Information, A $1.25-billion overhaul will bring Television City into the streaming era, A new film studio is coming to Hollywood and not a moment too soon for eager creators, a $650-million plan to build 17 soundstages, a new $450-million independent studio in Hollywood, Tesla Mexico plant means $10-billion investment, Nuevo Leon governor says, Assistants kindly request that you stop calling them assistants, Working more on the weekends? Updated kitchen cabinets, ss appliances, granite countertops, built in micro wave, some new light fixtures. 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. 1 Available. Separate dining room. 2 Bd, 1 Ba 1 Half Ba. 8-K: Hudson Pacific Properties, Inc. - MarketWatch The law specifies that a studio will be considered new so long as it did not have a building permit on the date the law was signed that is, July 21. Blackstone : Hudson Pacific Properties and Blackstone to Develop Los Plans are for 120,000 square feet of stage-adjacent support space as well as offices with hillside views, a large mill (area where productions can construct sets), 450 parking stalls and generous truck loading. Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. Sunset Glenoaks Studio Project Delayed Long Enough to Get Tax Credit - Variety 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. Baskin-Robbins adds a hint of waffle, and voila, Newsom, IRS give Californians until October to file tax returns, Federal Reserve officials sound warnings about higher rates. Institutional Investors Zero in on Film Studios' Real Estate Sarah Butler. Estars muy cerca de atracciones como Parque temtico Universal Studios Hollywood y Valle de San Fernando. The project will cost as much as $190 million and work is set to begin later this year. Two big projects recently surfaced in Downtown L.A. Atlas Capital Group wants to convert a former Los Angeles Times printing plant into a 17-stage campus, while East End Capital is planning a 237,000-square-foot complex closer to the Arts District. Seven film . 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. 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. New demand for big entertainment-related spaces comes from old-line entertainment companies and newcomer streaming services such as Netflix, Apple TV+ and HBO Max. Construction of Sunset Glenoaks Studios is slated to begin this year. 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. Sunset Glenoaks Studios, which will represent a total investment of approximately $170-190 million, is expected to be completed in the third quarter of 2023. Seven years ago, a developer floated a plan to build a new TV and film production facility on the site of an old gravel pit in the San Fernando Valley. All our breaking news, straight to your inbox. The project is estimated to cost between $180 million and $200 million. Sunset / Alvarado: 4 min a pie: VER: Glendale / Reservoir: 4 min a pie: VER: Estaciones de Metro cercanas a La Seismic Construction en Echo Park, La. They also claimed that the facility conflicted with the zoning, and that the site should remain open space. Hudson Pacific, Blackstone To Build Sunset Glenoaks; Partners - Yahoo The consent submitted will only be used for data processing originating from this website. Gorgeous unobstructed views of Sarasota Bay and City lights. The pair own Sunset Gower Studios, Sunset Bronson Studios and Sunset Las Palmas Studios, all historic studios in Hollywood that have been updated and lease production facilities and offices to people in the entertainment industry. We want to hear from you! Sunset Studios has played a critical role in Hollywood for over 100 years. 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.. fridge, range, hood and Brand new dishwasher. 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. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. Blackstone to Buy PS Business Parks for $7.6 B The Times may extend its lease there into the 2030s. The companies said the 240,000sqft studio situated on over 10 acres, which will cost between $170-190m to develop, is expected to be completed in the third quarter of . National real estate investment companies Hudson Pacific Properties and Blackstone have plans to develop a 240,000-square-foot studio facility in Sun Valley, the duo announced late last month. Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming . BPI Universal. RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. Hospdate en esta casa de vacaciones en Norte de Hollywood. The 240,000-square-foot project will include seven film- and TV-ready soundstages, production office . 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. The project includes EV charging stations, bike parking, and showers, and will be 100% carbon neutral. 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. It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states. The Times landlord Atlas Capital Group intends to develop the parking lot around the printing plant in the near future and eventually take over the 1980s-era building and turn it into stages. The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. Sunset View at HSR layout #shorts #shortsvideo #shortsfeed #bengaluru # A joint venture between builder Hudson Pacific Properties Inc. and investment firm Blackstone will create the 240,000-square-foot Sunset Glenoaks Studios movie and television production facility in Sun Valley by the third quarter of 2023, according to a statement from the developers.The movie production campus will cost between $170 million and $190 million. Square footage may change over time due to re-measurement or re-leasing. 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. 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. 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). Those three have 35 sound stages (1.2 million square feet). 2021 Sunset Glenoaks Studios. Two story completely remodeled. The year-ago loss was mostly attributed to a jump in operating expenses and costs associated with several major acquisitions. July 29, 2021 6:00am. Los Angeles, A $150,000 executive protection dog? As the demand for content continues to expand, we are well positioned to benefit in the coming years.. National Investment Companies Plan Sun Valley Studio Development provided the loan, property records show. Hudson Pacific, Blackstone Score Construction Loan for Sunset Glenoaks 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. Get our latest storiesin the feed of your favorite networks. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 22281 Tupelo Pl, Boca Raton, FL 33428 | Redfin Sunset Gower Studios is now working closely with its sister company Sunset Bronson Studios, located just a couple of blocks east on the site of the original Warner Bros. lot (192337), formerly owned by Tribune Broadcasting, and Sunset Las Palmas Studios, formerly the Hollywood Center Studios until 2017. First large-scale, purpose-built studio development in Los Angeles in over 20 years State-of-the-art 240,000-square-foot project to include 7 stages, production office and support space Property to. Application - S&P Global Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. Sunset Glenoaks Studios Sun Valley, CA. One of the countrys biggest independent studio operators plans a new movie studio in the Sun Valley neighborhood of Los Angeles as demand for soundstages gears up in the region. That sets up a race for productions to lease out space in newly built soundstages before the credit funding is exhausted.
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