We do not sell and will not sell any personal information. 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. 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. 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. 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. Harry Cohn died in 1958 at the age of 66. 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. We are customizing your profile Sunset Studios. 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. The Times may extend its lease there into the 2030s. Its expected to be complete by the third quarter of 2023. 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. 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. RPR/Snyder Langston's latest project, Sunset Glenoaks Studios. Preconstruction and construction services for a new studio campus on 10 acres. In the fourth quarter, Hudson Pacific finished its 584,000-square-foot One Westside project a former mall that was redeveloped into office space and is leased to Google. NBCUniversal plans for a major development at its famed Universal Studios lot, adding more soundstages as media companies race to satisfy the content boom. | January 23, 2023 Sustainability and health and wellness are a priority. The firms also announced the planned development in a news release. The film . 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. 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? The developers expect to complete the project in the third quarter of 2023. 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. 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 . 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. Hudson Pacific and Blackstone already own three facilities in Hollywood: Sunset Bronson, Sunset Gower and Sunset Las Palmas. (15) We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. 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. 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. Construction is expected to be completed in the third quarter of 2023 at a cost of $170-$190 million. Actual product and specifications may vary in dimension or detail. 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 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. Its Sunset Glenoaks Studios is . 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. Home / Los Angeles, CA / 1267 St Ives Pl. demand in LA by leading content creators for top-notch, fully integrated sound stages and support space continues to significantly outpace supply. Variety and the Flying V logos are trademarks of Variety Media, LLC. Without the guidance of the Cohn Brothers, Columbia Pictures Corporation was not the profit-making company it once was. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. A rendering of a production office at Sunset Glenoaks Studios. In 1928, Columbia's official address became 1438 Gower Street and that year they bought the last piece of land of the old Gower Ranch at 1400 N Gower Street.[3]. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. Sunset Glenoaks Studios will cost between $170 million and $190 million and feature 240,000 square feet on more . The owners said they are pursuing other expansion opportunities in Los Angeles, New York, London and Vancouver. $4,200/mo. 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. Application. The project is estimated to cost between $180 million and $200 million. Assistant Project Manager, Sunset Glenoaks Studios. 1 Available. We and our partners use cookies to Store and/or access information on a device. The operator of Sunset Studios, Hudson Pacific Properties, has acquired Quixote Studios for $360 million, significantly expanding its footprint in the soundstage business. HPP and Blackstone secured approval last November for their 500,000-square-foot expansion of Sunset Gower in Hollywood. It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. . But he encountered further delays. New light . All our breaking news, straight to your inbox. Browse 15 Studios in Glen Oaks, NY to find your dream Glen Oaks studio apartment. Read the latest edition of the Commercial Observer online! What did Disney actually lose from its Florida battle with DeSantis? Seven film . It is located in the Valley Village neighborhood of Los Angeles. 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. "Unique to Glen Oaks Big Sur, you have access to acres of prime hiking trails, the Big Sur River, and redwood groves". storage and mill shop for set and prop construction. in the Sun Valley neighborhood near Burbank. 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. ACCESSIBILITY AUDIT; Sunset Glenoaks Studios Sun Valley, CA. 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. 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. - by Travel + Leisure and Travel + Leisure Staff. Roger Vincent. 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. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. BPI Universal. Sept. 1, 2022 11:12 AM PT. 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. storage and mill shop for set and prop construction. 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. fridge, range, hood and Brand new dishwasher. 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. 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. 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 . (16) Skyway Landing was sold on February 6, 2023. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. 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. The price tag for the project, to be called Sunset Glenoaks Studios, is . Floor plans are artist's rendering. The year-ago loss was mostly attributed to a jump in operating expenses and costs associated with several major acquisitions. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. New York-based RBC Real Estate Capital Partners provided the loan, property records show. Our ability to capitalize from a real estate perspective, Chairman & CEO, Hudson Pacific Properties. Its expected to be complete by the third quarter of 2023. As the demand for content continues to expand, we are well positioned to benefit in the coming years.. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. The first major studio built in LA in decades. 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. 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. 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. July 29, 2021 6:00am. Hudson Pacific's Sunset Studios has revolutionized the studio for those revolutionizing content. 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. 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. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. 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. provided the loan, property records show. 2 Bd, 1 Ba 1 Half Ba. Two bedrooms 1 and 1/2 bath townhome for lease in desirable N/W Glendale above Glenoaks. The Registry-November 2, 2021 0. Needing an appropriate backdrop, Newsom signed the tax credit bill last week at Sunset Gower. 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. RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. Guard gated community. 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. The project will cost as much as $190 million, and work is set to begin this year. Roger Vincent covers commercial real estate for the Los Angeles Times. 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. 4.We own 35% of the ownership interests in the . The Technicolor building opened its doors in 2008. Home > Portfolio > Studios & Entertainment > Sunset Glenoaks Studios. 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. But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. Desde Universal Studios Hollywood, Universal City, La 67 min; Desde SLS Hotel, a Luxury Collection Hotel, Beverly Hills, Beverly Grove, La 50 min; Desde 24 Hour Fitness, East Los Angeles . 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. 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. 1279 Sqft. Well maintained complex. ALL RIGHTS RESERVED. 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. 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. 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. 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 . 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. Sunset Glenoaks Studios will include 120,000 square feet of stage-adjacent support space, as well as offices with hillside views, a dedicated set- and prop-building space (known as a mill, in industry jargon) and parking for 450 cars, according to plans unveiled Thursday. 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 . The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 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 . 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. 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. , 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. Manage Settings Updated kitchen cabinets, ss appliances, granite countertops, built in micro wave, some new light fixtures. In 1977, the property was purchased by the Pick Vanoff Company for $6.2 million. It will cover 240,000 square feet on over 10 acres with seven sound stages. It will have seven soundstages, offices and other production facilities on 10 acres. The studios are located at 5800 Sunset Boulevard, 1438 N Gower Street, and 1040 N Las Palmas Avenue, respectively. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. 2 bed 1.5 bath 1279 sqft. 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.. 1. 2 Beds. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. 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. 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.
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