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. One of the "World's most romantic hotels". 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? 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 . 8-K: Hudson Pacific Properties, Inc. - MarketWatch New kitchen with granite counter tops, Stainless steel appliances. HPP, Blackstone Plans $190 Million Sunset Glenoaks Studios The 240,000-square-foot state-of-the-art facility will include seven sound stages, production office and support space. The Sunset Glenoaks studio has been delayed for seven years, and now stands to be first line for a new tax credit. Construction of Sunset Glenoaks Studios is slated to begin this year. Updated kitchen cabinets, ss appliances, granite countertops, built in micro wave, some new light fixtures. 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. Harry Cohn died in 1958 at the age of 66. Golden Gate Point , a 25 acre private peninsula. 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. 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. NoHo Mansion w/ Pool + BBQ + Basketball Court - expedia.com 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, said Hudson Pacific Properties chairman Victor Coleman in a prepared statement. PARTNER CONTENT. 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, Blackstone Launch Big Studio Project RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. As the demand for content continues to expand, we are well positioned to benefit in the coming years.. 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. Tag: Sunset Glenoaks Studios. The Times may extend its lease there into the 2030s. 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. Earlier this year, Hudson Pacific and Blackstone unveiled plans to develop Sunset Glenoaks Studios to take advantage of the growing market for soundstages. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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 developers expect to complete the project in the third quarter of 2023. 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. A rendering of a production office at Sunset Glenoaks Studios. Last updated March 1 2023 at 10:45 AM. 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 . Home > Portfolio > Studios & Entertainment > Sunset Glenoaks Studios. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. 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 project will cost as much as $190 million, and work is set to begin this year. Our ability to capitalize from a real estate perspective, Chairman & CEO, Hudson Pacific Properties. 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. 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. 2021 Top Owners Sourcebook: New LA Film Studio Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. The year-ago loss was mostly attributed to a jump in operating expenses and costs associated with several major acquisitions. 1279 Sqft. Hudson Pacific, Blackstone To Build New Sunset Glenoaks Studio - Deadline The project will cost as much as $190 million and work is set to begin later this year. 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. fridge, range, hood and Brand new dishwasher. 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. All our breaking news, straight to your inbox. 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. New York-based RBC Real Estate Capital Partners provided the loan, property records show. Hudson Pacific On Path to Develop Seven West Coast Studio and. (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. In 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. 251 W Dryden St Glendale CA 91202 - Apartment Finder 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 . Blackstone to Buy PS Business Parks for $7.6 B By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. All dimensions are approximate. in the Sun Valley neighborhood near Burbank. Sunset Glenoaks Studio Project Delayed Long Enough to Get Tax Credit 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. The primary bedroom is filled with natural light and hosts its . This Week's LA Deal Sheet. 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. It required a 440-ton crawler crane to lift these 70-foot concrete . 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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 Pacific buys Quixote Studios in $360-million deal 2021 Sunset Glenoaks Studios. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. Quixote Studios Being Acquired By Hudson Pacific For $360 Million 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. It is located in the Valley Village neighborhood of Los Angeles. 2023 Deadline Hollywood, LLC. Liberals blast Sen. Kyrsten Sinema as racist, 'bigot' for opposing 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. July 29, 2021 6:00am. Their lawsuit was rejected by a Los Angeles Superior Court judge in 2016. Sunset Glenoaks Studios - Snyder Langston Have a question for 1267 St Ives Pl? That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. The project is estimated to cost between $180 million and $200 million. 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. Hudson Pacific owns Quixote, a leading provider of production services including sound stages, production supplies and transportation vehicles. The first major studio built in LA in decades. 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 . 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). The timing almost could not have worked out better. The project to expand production at Television City comes as shortages keep the regions existing soundstages booked year-round. Redefining Studios in Los Angeles - Hudson Pacific Properties Soundstages to Rise in Sylmar - San Fernando Valley Business Journal But he encountered further delays. Sunset Glenoaks Studio Project Delayed Long Enough to Get Tax Credit Since 2007, the studio has been undergoing both interior and exterior improvements on the lot. Its expected to be complete by the third quarter of 2023. The studios are located at 5800 Sunset Boulevard, 1438 N Gower Street, and 1040 N Las Palmas Avenue, respectively. 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. You will be redirected back to your article in. On an earnings call Thursday, Hudson Pacific said construction has already started on Sunset Glenoaks, with opening slated for 2024. storage and mill shop for set and prop construction. 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. This year, they plan to start . 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. The name was changed to "Sunset Gower Studios" and the lot became a rental facility for independent film companies. 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. [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. 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. 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.. Blackstone, Hudson Pacific to Add More Soundstages in North LA 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. Future location of Sunset Glenoaks Studios, the $1.25-billion Television City 2050 plan, a $650-million complex proposed for the L.A. Times Printing Plant site in Downtown. Sunset Glenoaks Studios | Urbanize LA 2. Roger Vincent. Gorgeous unobstructed views of Sarasota Bay and City lights. 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. Square footage may change over time due to re-measurement or re-leasing. Q&A: James Seppala on Expanding Blackstone's Content Creation Reach in Sunset Glenoaks will comprise approximately 240,000 square feet on over 10 acres, making it the first large-scale, purpose-built studio development in Los Angeles in decades. 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. Northern California Franchiser HomeSmiles Wins Prestigious Emerging Franchise Brand of the Year Award in Orlando, FL The Registry-January 20, 2023 0. Liked by Lee Watkins. Actual product and specifications may vary in dimension or detail. 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.. We do not sell and will not sell any personal information. We are customizing your profile. Major renovations from flooring to new kitchen, and bathrooms . On this Wikipedia the language links are at the top of the page across from the article title. All Rights Reserved. Plans unveiled for the first large-scale purpose-built studio development in Los Angeles in over 20 years.