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 . 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. 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. 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. The studios are located at 5800 Sunset Boulevard, 1438 N Gower Street, and 1040 N Las Palmas Avenue, respectively. Their lawsuit was rejected by a Los Angeles Superior Court judge in 2016. Guard gated community. 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. 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. 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. 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. New light . 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. $190-million office, studio complex coming to the Northeast Valley. 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. Outside of the studio world, the firm is still heavily focused on office properties. Construction of Sunset Glenoaks Studios is slated to begin this year. 10-acre Sunset Glenoaks would be 2nd major development project since JV formed, Blackstone Group President Jonathan Gray and Hudson Pacific Properties CEO Victor J. Coleman with the proect (Blackstone, HPP). 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. The Sunset portfolio includes more than 60 stages across five lots in Los Angeles and the U.K. Two story completely remodeled. RBC is one of many institutional lenders cashing in on studio development. 10. Gregory Cornfield can be reached at gcornfield@commercialobserver.com. Continue with Recommended Cookies. The primary bedroom is filled with natural light and hosts its . 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 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. 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. 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. 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. 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. Updated kitchen cabinets, ss appliances, granite countertops, built in micro wave, some new light fixtures. For a time stages 12 and 14 became indoor tennis courts. storage and mill shop for set and prop construction. 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. Last week, Gov. and a 30,000 s.f. 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]. 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 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. But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. It's All About You, Here. Our ability to capitalize from a real estate perspective, Chairman & CEO, Hudson Pacific Properties. 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. 5 min read. Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. 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. LEARN MORE. This fabled orchid breeder loves to chat just not about Trader Joes orchids, Best coffee city in the world? 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. One of "Sunset's best cabin getaways". 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. It will have seven soundstages, offices and other production facilities on 10 acres. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. 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. 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. 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. 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. 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. That project will finally move forward under the ownership of one of the region's biggest owners and developers of production facilities. But now, that long delay looks like a lucky break. We are excited to share that Quixote has been acquired by Hudson Pacific Properties. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. Hudson Pacific and Blackstone aren't the . Rather, Sunset Glenoaks Studios will go up in Sun Valley neighborhood north of North Hollywood in the San Fernando Valley. Earlier this year, Hudson Pacific and Blackstone unveiled plans to develop Sunset Glenoaks Studios to take advantage of the growing market for soundstages. 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. Storied movie studio Warner Bros. Ranch in Burbank will be redeveloped with 16 new soundstages as demand for facilities to make movies and television . 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 . Tenants at the studio properties include Netflix, which leases two Hudson Pacific-owned office buildings in Hollywood. 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. It would be the first such project built in Los Angeles in decades, and it would help stop shows from fleeing to other states. Sunset Glenoaks Studios KW&A assisted with this project. As the demand for content continues to expand, we are well positioned to benefit in the coming years.. The neighbors didnt like the plan, citing traffic and other objections, and the project got bogged down in years of costly litigation. 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 . Seven film . 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. "Unique to Glen Oaks Big Sur, you have access to acres of prime hiking trails, the Big Sur River, and redwood groves". The film-and-TV ready stages will range from 15,000 to 21,000 square feet, all with 35 to 40-foot clear heights. SERVICE LINE: Snyder Langston . 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. You will be redirected back to your article in. Sen. Cassidy applauds Sinema's speech, blasts Biden for dividing Americans. 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. 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? 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. $4,200/mo. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. The Sunset Glenoaks studio has been delayed for seven years, and now stands to be first line for a new tax credit. Application. NBCUniversal plans for a major development at its famed Universal Studios lot, adding more soundstages as media companies race to satisfy the content boom. in the Sun Valley neighborhood near Burbank. 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. Rowling More Grace and Listen to Her, Tom Sizemore, Saving Private Ryan Actor, Dies at 61, Netflix's Joey Sasso Explains Where His Relationship With Kariselle Snow Stands After 'Perfect Match, Reality TV Star Stephen Bear Jailed for 21 Months Over OnlyFans Sex Video, Why Sylvester Stallone Is Not in 'Creed 3', Ke Huy Quan Lost His Health Insurance Right After Filming Everything Everywhere All at Once: Nobody Else Wanted to Hire Me, Jonathan Majors Confronts Those Terrible Ant-Man and the Wasp: Quantumania Reviews: It Doesnt Change How I See Myself, Willem Dafoe Made Emma Stone Slap Him 20 Times While Filming, Even Though He Was Off Camera: Thats What You Want From Actors, 21 Best Movies New to Streaming in March: Murder Mystery 2, Triangle of Sadness and More, BTS J-Hope Sees Dream Collab Realized With On the Street Featuring J. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Without the guidance of the Cohn Brothers, Columbia Pictures Corporation was not the profit-making company it once was. Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming . 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 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. 4.We own 35% of the ownership interests in the . The 10-acre site in the Valley, now named Sunset . All our breaking news, straight to your inbox. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. [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. 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 . With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. 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. July 29, 2021 6:00am. Recessed lighting in kitchen and living room. This Week's LA Deal Sheet. Harry Cohn died in 1958 at the age of 66. It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. It will feature seven soundstages on a 10-acre parcel at 11070 W. Peoria . Sunset Glenoaks Studios will be top notch, featuring seven film- and TV-ready sound stages that will range from 15,000 to 21,000 square feet, nearly 120,000 square feet of highly efficient, stage . A CERTIFIED LOS ANGELES SLB. Its expected to be complete by the third quarter of 2023. Though the project was approved by the Los Angeles City Council in 2015, it appears that productions that shoot at Sunset Glenoaks will qualify to claim the incentive. 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 . Sunset Glenoaks Studios will be a new complex on 10 acres on Peoria Street in an industrial district of Sun Valley near Glenoaks Boulevard. Soundstages are one of the hottest categories in commercial real estate as entertainment production keeps rising. All new a 2 bedroom and 1/1/2 bath. 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. 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. 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. Start your search today. Sunset Boulevard adding storage area of 628,000 square feet (58,300m2). , Second Gentleman Doug Emhoff To Headline Starz and MPA Event On Importance Of Women Leaders In Government And Entertainment, Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos, Will Moviegoers Lend An Ear To Children Of The Corn Remake? 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. Separate dining room. Sunset Studios has played a critical role in Hollywood for over 100 years. 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 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. New York-based. The project will include seven soundstages with clear heights of 35 or 40 feet and 120,000 square feet of support space. . When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. Sunset Glenoaks Studios Sun Valley, CA. Sunset Glenoaks Studios, which will represent a total investment of approximately $170-190 million, is expected to be completed in the third quarter of 2023. Hospdate en esta casa de vacaciones en Norte de Hollywood. It will cover 240,000 square feet on over 10 acres with seven sound stages. Its Sunset Glenoaks Studios is . Big players have been jumping in. About 22281 Tupelo Pl. 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. Plans unveiled for the first large-scale purpose-built studio development in Los Angeles in over 20 years. The project is estimated to cost between $180 million and $200 million.