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Hudson Pacific Properties and Blackstone Group are planing a nearly $200 million production studio complex in Sun Valley, which would be the second such development in their joint venture. and a 30,000 s.f. 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. Hudson Pacific and Blackstone already own three facilities in Hollywood: Sunset Bronson, Sunset Gower and Sunset Las Palmas. 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. Listings, photos, tours, availability and more. Guard gated community. 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. The roughly $190-million project will include seven sound stages, each of which would range from 15,000 to 21,000 square feet in size and include 35 . July 29, 2021 6:00am. 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. Hudson, in partnership with Blackstone, has acquired Sunset Gower, Sunset Bronson, Sunset Las Palmas and is developing Sunset Glenoaks, becoming become one of the largest independent owner-operators of studio space. 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.. Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. 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. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint Hollywood studio portfolio. A rendering of a soundstage at the planned Sunset Glenoaks Studios in Sun Valley. 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. The company also said on its website that construction began in 2020. Seven film- and TV . It will feature seven soundstages on a 10-acre parcel at 11070 W. Peoria . It required a 440-ton crawler crane to lift these 70-foot concrete . 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. 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. 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. 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. Sept. 1, 2022 11:12 AM PT. The project is estimated to cost between $180 million and $200 million. The Technicolor building opened its doors in 2008. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. All rights reserved. Hudson Pacific and Blackstone aren't the . A rendering of a production office at Sunset Glenoaks Studios. 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. 2. 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. Sunset Boulevard adding storage area of 628,000 square feet (58,300m2). 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 . 5 min read. 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. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. A large list of successful films were produced during this time, and in 1982, Columbia Pictures Industries, Inc. was sold to The Coca-Cola Company for $750 million.[5]. Seven film . . Well maintained complex. Last week, Gov. The property was home to a gravel mining operation until 1974, when it was filled in and left vacant. We are customizing your profile. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. For a time stages 12 and 14 became indoor tennis courts. Is there anything else you'd like to ask 1267 St Ives Pl? Start your search today. About 616 Golden Gate Pt #7. What did Disney actually lose from its Florida battle with DeSantis? Earlier this year, Hudson Pacific and Blackstone unveiled plans to develop Sunset Glenoaks Studios to take advantage of the growing market for soundstages. Hudson Pacific has been at the forefront of Hollywood's renaissance for more than a decade. By subscribing, I agree to the Terms of Use and Privacy Policy. On this Wikipedia the language links are at the top of the page across from the article title. The studios are located at 5800 Sunset Boulevard, 1438 N Gower Street, and 1040 N Las Palmas Avenue, respectively. 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. 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). All Rights Reserved. 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. provided the loan, property records show. Harry Cohn died in 1958 at the age of 66. All Rights Reserved. LEARN MORE. In 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. (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. Golden Gate Point , a 25 acre private peninsula. The 10-acre site in the Valley, now named Sunset Glenoaks, stands to be among the first in line to benefit. 2 Bd, 1 Ba 1 Half Ba. All our breaking news, straight to your inbox. The developers expect to complete the project in the third quarter of 2023. 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. It's All About You, Here. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. 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 . 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. Recessed lighting in kitchen and living room. 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. 3.We own 20% of the ownership interests in the unconsolidated joint venture that owns Burrard Exchange. 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? But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. The 240,000-square-foot Sunset Glenoaks Studios is slated to include seven soundstages, offices, and other support space on 10 acres at 11070 W. Peoria Street, according to Commercial Observer. 1279 Sqft. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Assistant Project Manager, Sunset Glenoaks Studios. 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. Construction is expected to be completed in the third quarter of 2023 at a cost of $170-$190 million. By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. 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. Los Angeles, A $150,000 executive protection dog? The project, spread across four hectares, is estimated to cost $170m to $190m, and is expected to be completed in the third quarter of 2023. a leading real estate investment trust based in Los Angeles and owner/operator of Sunset Studios. 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 Times may extend its lease there into the 2030s. The home is located at the end of the cul de sac. HPP and Blackstone expect to invest $170 million to $190 million to develop the complex, eyeing a completion by the third quarter of 2023. Sunset Glenoaks is 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, Hudson Pacific Properties Chairman and CEO Victor Coleman said in a statement. Sunset Glenoaks is being planned by Hudson Pacific and its partner Blackstone. Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. - by Travel + Leisure and Travel + Leisure Staff. 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. What Now Media Group 2023. Home > Portfolio > Studios & Entertainment > Sunset Glenoaks Studios. 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. 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. Helped in addressing FLS comments, produced construction details, revised drawings, conducted Code analysis, exiting analysis, and plumbing We are customizing your profile ALL RIGHTS RESERVED. Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. It will cover 240,000 square feet on over 10 acres with seven sound stages. [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. said the pandemic accelerated pre-leasing studio demand trends, driving an abundant amount of capital to the tech and media industries., 5 Questions With Mast Capitals Camilo Miguel. 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. Drop us a Note: Developer Plans Larger Version Of 900-Plus-Unit Project Along L.A. State Historic Park, Kaiser Permanentes East Hollywood Expansion Design Takes Shape, Kitchen United Mix is Now Open in Santa Monica. Last updated March 1 2023 at 10:45 AM. If Sunset Glenoaks is completed, the JVs Sunset Studios brand would total 42 soundstages and 3.5 million square feet of space, according to the report. Sunset Glenoaks Studios will be a new complex on 10 acres on Peoria Street in an industrial district of Sun Valley near Glenoaks Boulevard. Sunset Glenoaks Studios. Its expected to be complete by the third quarter of 2023. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. 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. Great opportunity to move into this 5 bedroom 3 full bath lakeview pool home in prestigious Lexington estates. 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. Get our latest storiesin the feed of your favorite networks. The project will cost as much as $190 million and work is set to begin later this year. 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.