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. 616 Golden Gate Pt #7, Sarasota, FL 34236 | Redfin The name was changed to "Sunset Gower Studios" and the lot became a rental facility for independent film companies. 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 Glenoaks Studios will be top notch, featuring seven film- and TV-ready sound stages that will range from 15,000 to 21,000 square feet, nearly 120,000 square feet of highly efficient, stage . The 10-acre site in the Valley, now named Sunset . Sunset Boulevard adding storage area of 628,000 square feet (58,300m2). 2. 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 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. 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. 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. Other recently announced studio projects include a $650-million plan to build 17 soundstages on a site now occupied by the Los Angeles Times printing plant on Olympic Boulevard in an industrial neighborhood in downtown Los Angeles. The . This field is for validation purposes and should be left unchanged. 343 Pioneer Dr - 343 Pioneer Dr unit 1103 | Glendale, CA Houses for Those three have 35 sound stages (1.2 million square feet). But HPP and Blackstone could have more competition in a few years. 10. About 616 Golden Gate Pt #7. 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. Blackstone to Buy PS Business Parks for $7.6 B All rights reserved. Assistant Project Manager, Sunset Glenoaks Studios. a leading real estate investment trust based in Los Angeles and owner/operator of Sunset Studios. 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 . Hackman Capital Partners, the owner of Television City, formerly operated by CBS, announced plans in March to make $1.25 billion worth of improvements to the Los Angeles lot, including raising the number of soundstages to at least 15, from eight, along with production support facilities and offices for rent. Continue with Recommended Cookies. 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. 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. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. Chad Johnson, Former 'Bachelorette' Contestant, Wins Round In . Rich L.A. homeowners are snapping them up, Stocks jump as Wall Street cruises to best day since January, Car debt piles up as more Americans owe thousands more than vehicles are worth, Chicken-flavored ice cream? Kaiser Permanente plans to move 1,200 administrative jobs from . 2023 Variety Media, LLC. (16) Skyway Landing was sold on February 6, 2023. Sept. 1, 2022 11:12 AM PT. 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. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. . In August 2007, Sunset Gower Studios was bought by Hudson Capital. All dimensions are approximate. Quixote affords stage tenants and other productions a more full-service solution and expands Hudson Pacific's reach to capture production-related demand in Los Angeles and other key US media markets. 8-K: Hudson Pacific Properties, Inc. - MarketWatch The film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. Manage Settings The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. California's Sunset Studios Expanding To UK's - Yahoo! On an earnings call Thursday, Hudson Pacific said construction has already started on Sunset Glenoaks, with opening slated for 2024. Bardas Investment Group in May announced plans to build a 350,000-square-foot soundstage-and-office complex in Hollywood. Needing an appropriate backdrop, Newsom signed the tax credit bill last week at Sunset Gower. Hollywood's Sunset Studios, which produced La La Land, Zoolander and the first in the X-Men franchise, has become the latest US movie production house to adopt the leafy . Last updated March 1 2023 at 10:45 AM. RBC Capital Markets backs project in San Fernando Valley, Blackstone Group's Jonathan Gray, Hudson Pacific Properties's Victor J. Coleman and Sunset Studio Glenoaks (Blackstone Group, Hudson Pacific Properties, LinkedIn, iStock). Sunset Glenoaks Studios - Kimberlina Whettam & Associates What are you most curious about? 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. 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. The studios are located at 5800 Sunset Boulevard, 1438 N Gower Street, and 1040 N Las Palmas Avenue, respectively. The state-of-the-art, purpose-built location in Sun Valley is at 11070 W. Peoria Street, a 20-minute drive from Hollywood and ten minutes from Burbank. Seven film- and TV . The developer applied for a building permit in April, but has not received it yet, according to city planning records. Hollywood's Sunset Studio to open new base in Hertfordshire 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. It will also join the Sunset Studios brand, which includes three Hollywood studios Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas Studios also owned by HPP and funds managed by Blackstone. 3+ 3+ Beds. All Rights Reserved. Sunset Glenoaks Studios will have seven soundstages for the production of movies and television shows when it opens in late 2023, developers Hudson Pacific Properties Inc. and Blackstone said. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. Established in 1912, it continues today as Hollywood's largest independent studio[1] and an active facility for television and film production on its twelve soundstages. 4.We own 35% of the ownership interests in the . The lot, in the meantime, sat fallow. 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. Hudson Pacific's Sunset Studios has revolutionized the studio for those revolutionizing content. Sustainability and health and wellness are a priority. Sunset Glenoaks Studios | Urbanize LA Is there anything else you'd like to ask 1267 St Ives Pl? You will be redirected back to your article in. 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, Coleman said in a statement. All new a 2 bedroom and 1/1/2 bath. 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. Two story completely remodeled. Rather, Sunset Glenoaks Studios will go up in Sun Valley neighborhood north of North Hollywood in the San Fernando Valley. Hudson Pacific buys Quixote Studios in $360-million deal Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. One of "Sunset's best cabin getaways". 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. Patrick Mobini - Project/BIM Manager, Project Coordinator - LinkedIn It will cover 240,000 square feet on over 10 acres with seven sound stages. 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". New York-based RBC Real Estate Capital Partners provided the loan, property records show. Hudson Pacific has been at the forefront of Hollywood's renaissance for more than a decade. 5 min read. Its not just you, Work phones make a comeback as offices ban WhatsApp, TikTok, Desperate mountain residents trapped by snow beg for help; We are coming, sheriff says, Hidden, illegal casinos are booming in L.A., with organized crime reaping big profits. It would be called Echelon Studios and would replace a long-closed Sears store and parking lot on Santa Monica Boulevard west of the 101 Freeway. Hudson-Blackstone JV Nabs $94M for Sunset Glenoaks Floor plans are artist's rendering. Hardwood floors throughout refinished. 1012 Glen Oaks Ct Austin TX 78702 - Apartment Finder 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. REIT Invests Hundreds Of Millions In Luxury Trailers Used By - Bisnow They also claimed that the facility conflicted with the zoning, and that the site should remain open space. 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. 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. Sunset Studios. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. 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. Production studio planned for San Fernando Valley (PHOTOS) What Now Media Group 2023. Hudson Pacific, Blackstone Score Construction Loan for Sunset Glenoaks On this Wikipedia the language links are at the top of the page across from the article title. Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. The firm plans to demolish approximately 160,600 square feet (14,920m2) of existing buildings at 6050 W on the 16-acre (6.5ha) site. 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. Read Next: Why Sylvester Stallone Is Not in Creed 3, Georgia Lawmakers to Review States $1.3 Billion Film Credit, Jussie Smollett Appeals 150-Day Jail Sentence in Hate Crime Hoax, IATSE Accelerates VFX Industry Organizing Drive with Release of Working Conditions Survey, Harry Potter Star Evanna Lynch: I Wish People Would Give J.K. 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Cole: This Song Opens a Door to My Next Chapter, Britain's $4 Billion Boss: ITV Chief Carolyn McCall Bets It All on Talent, 2023 Music Festivals: How to Buy Tickets to Coachella, Governors Ball, Lollapalooza and More. #sunset #south #karnataka #trendingshorts #shortvideo #youtubeshorts #kolkata #shorts #trending #india #youtube #botanicalgarden #trendingsong #shortsvideo #. But now, that long delay looks like a lucky break. Dubbed Sunset Glenoaks Studios, the 240,000-sq-ft, 10-acre project will house seven stages, ranging from 15,000 to 21,000 sq ft with 35-ft or 40-ft clear heights. Blackstone : Hudson Pacific Properties and Blackstone to Develop Los 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. The consent submitted will only be used for data processing originating from this website. We are excited to share that Quixote has been acquired by Hudson in the Sun Valley neighborhood near Burbank. Seven film . 2021. 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. 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 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.. 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 . Its expected to be complete by the third quarter of 2023. storage and mill shop for set and prop construction. [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. The developers expect to complete the project in the third quarter of 2023. 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. While demand for studio space in Los Angeles remains high, the seven-year gap between approvals and construction may be perfect timing for the Sunset Glenoaks project. Hudson Pacific buys Quixote Studios in $360-million deal The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. 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 firms also announced the planned development in a news release. 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. It will have seven soundstages, offices and other production facilities on 10 acres. 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. COPYRIGHT 2020 KIMBERLINA WHETTAM & ASSOCIATES. The Los . 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 timing almost could not have worked out better. But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. and a 30,000 s.f. Last week, Gov. Northern California Franchiser HomeSmiles Wins Prestigious Emerging Franchise Brand of the Year Award in Orlando, FL The Registry-January 20, 2023 0. All our breaking news, straight to your inbox. Hudson Pacific and Blackstone already own three facilities in Hollywood: Sunset Bronson, Sunset Gower and Sunset Las Palmas. Our ability to capitalize from a real estate perspective, Chairman & CEO, Hudson Pacific Properties. 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. The surge in video-on-demand streaming provoked an insatiable appetite for media-oriented real estate such as studios and offices, according to real estate brokerage CBRE. 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. Browse 15 Studios in Glen Oaks, NY to find your dream Glen Oaks studio apartment. Its expected to be complete by the third quarter of 2023. Something opening or closing in your hood? Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 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. The property was home to a gravel mining operation until 1974, when it was filled in and left vacant. 2 Bd, 1 Ba 1 Half Ba. Amid a production rise fueled by Hollywood's pivot to streaming, the need to lock in filming space is becoming more critical and a soundstage boom is overtaking the Southland, with . 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. This year has also seen the first large-scale new construction studio project to break ground in Los Angeles in decades with Hudson Pacific Properties and Blackstone planning to build Sunset . HPP and Blackstone secured approval last November for their 500,000-square-foot expansion of Sunset Gower in Hollywood. PARTNER CONTENT. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. 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. One of the "World's most romantic hotels". What did Disney actually lose from its Florida battle with DeSantis? 22281 Tupelo Pl, Boca Raton, FL 33428 | Redfin Listings, photos, tours, availability and more. Liked by Lee Watkins. Golden Gate Point , a 25 acre private peninsula. 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. Helped in addressing FLS comments, produced construction details, revised drawings, conducted Code analysis, exiting analysis, and plumbing Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming . AVILABLE April 1, 2024 THROUGH December 31, 2024. Sunset Studios: 700m Hollywood studio set to open in the UK 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. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. 1267 St Ives Pl - Los Angeles, CA apartments for rent Cmo llegar a La Seismic Construction en Echo Park, La en Autobs In July, Hudson Pacific and Blackstone announced the duo were planning to build a $190 million studio complex across 10 acres on Peoria Street in Sun Valley named Sunset Glenoaks. LEARN MORE. Sunset Glenoaks Studio project tilting concrete panels to form the walls of the building! Hudson Pacific, Blackstone to develop $190m Los Angeles studio facility Redefining Studios in Los Angeles - Hudson Pacific Properties NBCUniversal plans for a major development at its famed Universal Studios lot, adding more soundstages as media companies race to satisfy the content boom. Our Partner Guide outlines every step in opening a restaurant from concept creation to securing a lease to hiring your team, and everything in between. 1 Bed. Sunset Studios has played a critical role in Hollywood for over 100 years. Quixote Studios Being Acquired By Hudson Pacific For $360 Million A rendering of a production office at Sunset Glenoaks Studios. 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. Hudson Pacific, Blackstone To Build Sunset Glenoaks; Partners - Yahoo Los Angeles Soundstages Can't Keep Up With Demand: "It's - MSN 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. Sunset Gower Studios is a 14-acre (57,000m2) television and movie studio at the corner of Sunset Boulevard and Gower Street in Hollywood, California. For more information, please see ourprivacy policy. $170 Million Movie Studio Coming to Sun Valley We and our partners use cookies to Store and/or access information on a device. 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. It's All About You, Here. PDF Hudson Pacific Properties and Blackstone to Develop Los Angeles Area This Week's LA Deal Sheet (August 8, 2021) - Bisnow This year, they plan to start . In Sun Valley, partners Hudson Pacific Properties Inc. and Blackstone secured a $94 million loan to build Sunset Glenoaks Studio, which will see seven soundstages cover 241,000 square feet . | January 23, 2023 We want to hear from you! 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. 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. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. That would make it much cheaper to shoot there than at pre-existing facilities.