sunset glenoaks studios sunset glenoaks studios

Upon the completion of Sunset Glenoaks Studios in Sun Valley, California, Blackstone and HPP will collectively own and operate under its Sunset Studios platform 42 stages or 3.5 million square feet, including development rights, of Los Angeles area studio . Sunset Glenoaks is being planned by Hudson Pacific and its partner Blackstone. 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. Seven film . Deadline is a part of Penske Media Corporation. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Hudson Pacific and Blackstone aren't the . Sunset Glenoaks Studios. In 1922, Harry Cohn of Cohn-Brandt-Cohn (CBC) Film Sales Corporation rented 6070 Sunset Blvd in Poverty Row. The Sunset Studios brand already includes three existing studios in Hollywood Sunset Gower Studios, Sunset Bronson Studios and Sunset Las Palmas Studios also jointly owned by Hudson Pacific and funds managed by Blackstone in a deal announced a year ago. 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. 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. 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. New York-based. Send us a tip using our annonymous form. Sunset Glenoaks Studios will cost between $170 million and $190 million and feature 240,000 square feet on more . 3+ 3+ Beds. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. 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 Studios is one of the largest independent studio operations in Los Angeles and manages almost half of all studio space in Hollywood. The property was home to a gravel mining operation until 1974, when it was filled in and left vacant. 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. 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. 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. New kitchen with granite counter tops, Stainless steel appliances. 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. 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. 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. That would make it much cheaper to shoot there than at pre-existing facilities. Kaiser Permanente plans to move 1,200 administrative jobs from . Guard gated community. 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. 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. 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 . PARTNER CONTENT. Seven film . 5 min read. Northern California Franchiser HomeSmiles Wins Prestigious Emerging Franchise Brand of the Year Award in Orlando, FL The Registry-January 20, 2023 0. 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. On Thursday, the new owners of the project a partnership of Hudson Pacific Properties and Blackstone announced they intend to invest $170-190 million to build the facility over the next two years. 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 . The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. 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. All our breaking news, straight to your inbox. We are customizing your profile. 2. Preconstruction and construction services for a new studio campus on 10 acres. Plans unveiled for the first large-scale purpose-built studio development in Los Angeles in over 20 years. As the demand for content continues to expand, we are well positioned to benefit in the coming years.. In November 2004, Sunset Gower Studios was purchased by GI Partners for an estimated $105 million, and in 2006 began construction on a six-story building for Technicolor SA. That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. In 2021 the two announced plans to invest $170 million to $190 million to develop a 240,000-sq.-ft. production studio on the edge of LA, Sunset Glenoaks Studios. Sunset Glenoaks Studios will be a new complex on 10 acres on Peoria Street in an industrial district of Sun Valley near Glenoaks Boulevard. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. HPP and Blackstone secured approval last November for their 500,000-square-foot expansion of Sunset Gower in Hollywood. Start your search today. With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. 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 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. 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 . We and our partners use cookies to Store and/or access information on a device. 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. Our three locations, Sunset Bronson Studios, Sunset Gower Studios and Sunset Las Palmas Studios, provide premiere studio production facilities, the latest amenities, sophisticated technology and top notch service. 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. 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]. Hudson Pacific Properties reported in its fourth-quarter results last week that it secured a $94 million construction loan for a portion of the Sunset Glenoaks studio development with Blackstone. 2023 Variety Media, LLC. Sunset Studios. , 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. A rendering of a production office at Sunset Glenoaks Studios. The primary bedroom is filled with natural light and hosts its . It will have seven soundstages, offices and other production facilities on 10 acres. 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. The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the . 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. But he encountered further delays. The studios are located at 5800 Sunset Boulevard, 1438 N Gower Street, and 1040 N Las Palmas Avenue, respectively. HPP and Blackstone expect to finish Sunset Glenoaks Studios in the third quarter of 2023, according to the announcement. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. The project will cost as much as $190 million and work is set to begin later this year. 2023 Deadline Hollywood, LLC. The name was changed to "Sunset Gower Studios" and the lot became a rental facility for independent film companies. Sunset Glenoaks Studios Sun Valley, CA. Hudson Pacific On Path to Develop Seven West Coast Studio and. A show stopper is this direct front 2nd floor residence. ALL RIGHTS RESERVED. $190-million office, studio complex coming to the Northeast Valley. New York-based RBC Real Estate Capital Partners provided the loan, property records show. Preconstruction and construction services for a new studio campus on 10 acres. 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. RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. The timing almost could not have worked out better. 4.We own 35% of the ownership interests in the . Hudson Pacific Properties and Blackstone are planning a ground-up studio facility in Sun Valley. The . The Times may extend its lease there into the 2030s. A CERTIFIED LOS ANGELES SLB. 7083 Hollywood Blvd, 2nd Floor, Los Angeles, CA 90028 Phone: 212-260-1332 This field is for validation purposes and should be left unchanged. | January 23, 2023 Sen. Bill Cassidy, R-La., on Sen. Kyrsten Sinema speaking out against President Biden's push to change the filibuster. Last week, Gov. All dimensions are approximate. 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. All rights reserved. Sarah Butler. 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. 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. Home / Los Angeles, CA / 1267 St Ives Pl. 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. 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. AVILABLE April 1, 2024 THROUGH December 31, 2024. Roger Vincent. The Los . 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. July 29, 2021 6:00am. Big players have been jumping in. Other sizable studio projects have already been announced in Los Angeles, including the $450 million Echelon Studios project in Hollywood and the $1.25 billion renovation of Television City in the Fairfax District. Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. Sunset Glenoaks will comprise approximately 240,000 square feet on over 10 acre s, making it the first large-scale, purpose-built studio development in Los Angeles in decades. 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. HPP and Blackstone expect to invest $170 million to $190 million to develop the complex, eyeing a completion by the third quarter of 2023. His memorial service was held on stages 12 and 14 at the studios (there is no stage 13). 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. 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 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". 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. ACCESSIBILITY AUDIT; fridge, range, hood and Brand new dishwasher. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 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. 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. 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. 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. 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. 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. We are excited to share that Quixote has been acquired by Hudson Pacific Properties. Get our latest storiesin the feed of your favorite networks. 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. Hudson Pacific's Sunset Studios has revolutionized the studio for those revolutionizing content. In August 2007, Sunset Gower Studios was bought by Hudson Capital. The film . Variety is a part of Penske Media Corporation. 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. All new a 2 bedroom and 1/1/2 bath. It will have seven soundstages, offices and other production facilities on 10 acres. The project is estimated to cost between $180 million and $200 million. Separate dining room. Bardas Investment Group in May announced plans to build a 350,000-square-foot soundstage-and-office complex in Hollywood. 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. 1 Bed. 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. Harry Cohn died in 1958 at the age of 66. 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. Its expected to be complete by the third quarter of 2023. About 616 Golden Gate Pt #7. Named Sunset Glenoaks Studios, the project will rise on a 10-acre site at 11070 W. Peoria St. and contain seven film and television sound stages ranging from 15,000 to 21,000 square feet, along with production office and support space.It will also join the Sunset Studios brand, which includes three Hollywood studios - Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas . 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. (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. 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. Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'whatnowlosangeles_com-medrectangle-3','ezslot_0',133,'0','0'])};__ez_fad_position('div-gpt-ad-whatnowlosangeles_com-medrectangle-3-0'); The total development cost for Sunset Glenoaks Studios is expected to be between $170 million and $190 million, according to the recent announcement. 10. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. It is located in the Valley Village neighborhood of Los Angeles. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. We are customizing your profile Great opportunity to move into this 5 bedroom 3 full bath lakeview pool home in prestigious Lexington estates. Sunset Glenoaks will be Hudson Pacific and Blackstones fourth studio development together the firms already own Sunset Gower, Sunset Bronson and Sunset Las Palmas in Hollywood giving it 42 soundstages altogether. 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. The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. 1. Well maintained complex. With Hudson Pacific, Blackstone is developing the $190 million, 240,000-square-foot Sunset Glenoaks Studios in Sun Valley. What are you most curious about? Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. . Helped in addressing FLS comments, produced construction details, revised drawings, conducted Code analysis, exiting analysis, and plumbing BPI Universal. They also claimed that the facility conflicted with the zoning, and that the site should remain open space. 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. Los Angeles real estate developer David Simon intends to build a new $450-million independent studio in Hollywood with five soundstages and support facilities including offices and bungalows for entertainment creators. Among the modern touches will be a power grid designed for LED lighting and high-speed fiber connectivity that will enable productions to send high-resolution video from cameras to on-site editing suites and offices. 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. Read the latest edition of the Commercial Observer online! 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. Two story completely remodeled. NBCUniversal plans for a major development at its famed Universal Studios lot, adding more soundstages as media companies race to satisfy the content boom. Recessed lighting in kitchen and living room. Sunset Studios has played a critical role in Hollywood for over 100 years. RBC is one of many institutional lenders cashing in on studio development. 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. Chad Johnson, Former 'Bachelorette' Contestant, Wins Round In . This Week's LA Deal Sheet. 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. Square footage may change over time due to re-measurement or re-leasing. It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. For more information, please see ourprivacy policy. Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. 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. Gregory Cornfield can be reached at gcornfield@commercialobserver.com. 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. 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.