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 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. 1279 Sqft. Square footage may change over time due to re-measurement or re-leasing. Storied movie studio Warner Bros. Ranch in Burbank will be redeveloped with 16 new soundstages as demand for facilities to make movies and television . RPR/Snyder Langston's latest project, Sunset Glenoaks Studios. About 22281 Tupelo Pl. Next. 2.We own 50% of the ownership interests in the unconsolidated joint venture that owns Sunset Glenoaks Studios. But he encountered further delays. 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. 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. Sunset Glenoaks Studios will be a new complex on 10 acres on Peoria Street in an industrial district of Sun Valley near Glenoaks Boulevard. 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. 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 . The 10-acre site in the Valley, now named Sunset . As the demand for content continues to expand, we are well positioned to benefit in the coming years.. Sunset Studios has played a critical role in Hollywood for over 100 years. Sunset Studios is one of the largest independent studio operations in Los Angeles and manages almost half of all studio space in Hollywood. "Unique to Glen Oaks Big Sur, you have access to acres of prime hiking trails, the Big Sur River, and redwood groves". - Sunset Magazine. Gregory Cornfield can be reached at gcornfield@commercialobserver.com. July 29, 2021 6:00am. Get our latest storiesin the feed of your favorite networks. Construction started in fourth-quarter 2021 and will add 241,000 square feet and seven sound stages to Hudson and Blackstones joint. 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. It will have seven soundstages, offices and other production facilities on 10 acres. 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. The film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. Sarah Butler. Its expected to be complete by the third quarter of 2023. 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. About 616 Golden Gate Pt #7. Its expected to be complete by the third quarter of 2023. 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. The 240,000-square-foot Sun Valley project will be known as Sunset Glenoaks Studios. With Hudson Pacific, Blackstone is developing the $190 million, 240,000-square-foot Sunset Glenoaks Studios in Sun Valley. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. HPP and Blackstone expect to invest $170 million to $190 million to develop the complex, eyeing a completion by the third quarter of 2023. RBC is one of many institutional lenders cashing in on studio development. 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. The developer applied for a building permit in April, but has not received it yet, according to city planning records. - by Travel + Leisure and Travel + Leisure Staff. 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. Sunset Studios. With about 240,000 square feet across more than 10 acres, the new . Studio. The project will cost as much as $190 million and work is set to begin later this year. 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. Browse 15 Studios in Glen Oaks, NY to find your dream Glen Oaks studio apartment. 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. The facility will also include . Large living room. 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 Times may extend its lease there into the 2030s. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Sunset Glenoaks Studios, which will represent a total investment of approximately $170 to 190 million, is expected to be completed in third quarter 2023. A rendering of the entrance to the planned Sunset Glenoaks Studios in the Sun Valley neighborhood of Los Angeles. 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? 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 . 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. All dimensions are approximate. By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. Kaiser Permanente plans to move 1,200 administrative jobs from . Big players have been jumping in. 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. Sunset Glenoaks Studios KW&A assisted with this project. All Rights Reserved. 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. New light . It will have seven soundstages, offices and other production facilities on 10 acres. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Home > Portfolio > Studios & Entertainment > Sunset Glenoaks Studios. Assistant Project Manager, Sunset Glenoaks Studios. 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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. An example of data being processed may be a unique identifier stored in a cookie. To be called Sunset Glenoaks Studios, the fully equipped, state-of-the-art studio facility will be the first large-scale, purpose-built studio in the Los Angeles area in more than 20 years, the companies said. Not all features are available in every apartment. In 1977, the property was purchased by the Pick Vanoff Company for $6.2 million. 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. 2021 Sunset Glenoaks Studios. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. 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. Great opportunity to move into this 5 bedroom 3 full bath lakeview pool home in prestigious Lexington estates. 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 / 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. Something opening or closing in your hood? Sunset Studios. Variety is a part of Penske Media Corporation. 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. Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. . 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 . Manage Settings 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 Glenoaks Studios Sun Valley, CA. A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. 4.We own 35% of the ownership interests in the . Established in 1912, it continues today as Hollywood's largest independent studio and an active facility for television and film production on its twelve soundstages. The Technicolor building opened its doors in 2008. 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. The owners said they are pursuing other expansion opportunities in Los Angeles, New York, London and Vancouver. Without the guidance of the Cohn Brothers, Columbia Pictures Corporation was not the profit-making company it once was. Rather, Sunset Glenoaks Studios will go up in Sun Valley neighborhood north of North Hollywood in the San Fernando Valley. 3+ 3+ Beds. 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. Shadow Hills. Sunset Studios includes three storied lots in HollywoodSunset Bronson, Sunset Gower, and Sunset Las Palmas, that have been home to iconic television shows and . Hudson Pacific, Blackstone To Build Sunset Glenoaks; Partners' Fourth LA Studio Project Amid Spiking Demand For Sound Stages. 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 . Plans unveiled for the first large-scale purpose-built studio development in Los Angeles in over 20 years. Soundstages are one of the hottest categories in commercial real estate as entertainment production keeps rising. 2 Beds. All rights reserved. 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. 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. Start your search today. Sunset Glenoaks Studios will cost between $170 million and $190 million and feature 240,000 square feet on more . Advertisement. 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. They also claimed that the facility conflicted with the zoning, and that the site should remain open space. a leading real estate investment trust based in Los Angeles and owner/operator of Sunset Studios. | January 23, 2023 The name was changed to "Sunset Gower Studios" and the lot became a rental facility for independent film companies. Two bedrooms 1 and 1/2 bath townhome for lease in desirable N/W Glendale above Glenoaks. 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. , 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. 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? 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. . RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. The 240,000-square-foot project will include seven film- and TV-ready soundstages, production office . 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. It's All About You, Here. SERVICE LINE: Snyder Langston . We are customizing your profile A rendering shows a planned movie studio, Sunset Glenoaks Studios, in the Sun Valley neighborhood of Los Angeles. The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. Tag: Sunset Glenoaks Studios. This year, they plan to start . Lee opiniones genuinas de huspedes que se hospedaron en NoHo Mansion w/ Pool + BBQ + Basketball Court, en la zona de Valley Glen, y consulta los . The primary bedroom is filled with natural light and hosts its . HPP and Blackstone expect to finish Sunset Glenoaks Studios in the third quarter of 2023, according to the announcement. 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. 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 . Los Angeles, A $150,000 executive protection dog? Sept. 1, 2022 11:12 AM PT. 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. Those three have 35 sound stages (1.2 million square feet). Hudson Pacific's Sunset Studios has revolutionized the studio for those revolutionizing content. Our ability to capitalize from a real estate perspective, Chairman & CEO, Hudson Pacific Properties. One of "Sunset's best cabin getaways". The Registry-November 2, 2021 0. COPYRIGHT 2020 KIMBERLINA WHETTAM & ASSOCIATES. Earlier this year, Hudson Pacific and Blackstone unveiled plans to develop Sunset Glenoaks Studios to take advantage of the growing market for soundstages. Their lawsuit was rejected by a Los Angeles Superior Court judge in 2016. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. Guard gated community. Read the latest edition of the Commercial Observer online! Community pool and tennis courts. You will be redirected back to your article in. In 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. All Rights Reserved. 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. 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. 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. Construction is expected to be completed in the third quarter of 2023 at a cost of $170-$190 million. A show stopper is this direct front 2nd floor residence. The project is estimated to cost between $180 million and $200 million. . Sustainability and health and wellness are a priority. Seven film . 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. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. It required a 440-ton crawler crane to lift these 70-foot concrete . 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 . 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 project will include seven soundstages with clear heights of 35 or 40 feet and 120,000 square feet of support space. (16) Skyway Landing was sold on February 6, 2023. That sets up a race for productions to lease out space in newly built soundstages before the credit funding is exhausted. AVILABLE April 1, 2024 THROUGH December 31, 2024. Sunset Glenoaks is being planned by Hudson Pacific and its partner Blackstone. 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. We are excited to share that Quixote has been acquired by Hudson Pacific Properties. 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. 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. The property was home to a gravel mining operation until 1974, when it was filled in and left vacant. A rendering of a production office at Sunset Glenoaks Studios. New York-based. Two story completely remodeled. 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. In August 2007, Sunset Gower Studios was bought by Hudson Capital. Hudson Pacific Properties and Blackstone have scored a $94 million construction loan to build a portion of their planned studio development in the San Fernando Valley. All new a 2 bedroom and 1/1/2 bath. A CERTIFIED LOS ANGELES SLB. Between 1970 and 1972, Columbia moved from the 14-acre (57,000m2) lot, and joined forces with Warner Bros. in Burbank, then subsequently later moved to the Sony Pictures Studios (formally MGM and Lorimar Studio) in Culver City. 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". BPI Universal. Needing an appropriate backdrop, Newsom signed the tax credit bill last week at Sunset Gower. Hudson Pacific has been at the forefront of Hollywood's renaissance for more than a decade. Have a question for 1267 St Ives Pl? When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. 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. We want to hear from you! 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. Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. 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. 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.. Recessed lighting in kitchen and living room. 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. New York-based RBC Real Estate Capital Partners provided the loan, property records show. 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. 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. 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. (15) We own 50% of the ownership interest in the unconsolidated joint venture that owns Sunset Glenoaks Studios. 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. 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. and a 30,000 s.f. 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. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. Home / Los Angeles, CA / 1267 St Ives Pl. 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. 7083 Hollywood Blvd, 2nd Floor, Los Angeles, CA 90028 Phone: 212-260-1332 The price tag for the project, to be called Sunset Glenoaks Studios, is . Floor plans are artist's rendering. 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.

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