sunset glenoaks studios

The developer applied for a building permit in April, but has not received it yet, according to city planning records. This field is for validation purposes and should be left unchanged. The timing almost could not have worked out better. Sunset 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. 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. 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. 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. 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 . 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 . The price tag for the project, to be called Sunset Glenoaks Studios, is . New kitchen with granite counter tops, Stainless steel appliances. For more information, please see ourprivacy policy. All our breaking news, straight to your inbox. 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. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. 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. All rights reserved. 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. It will be the fourth such property managed by the two firms, and bring their total to 42 sound stages. Floor plans are artist's rendering. Sept. 1, 2022 11:12 AM PT. 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. But he encountered further delays. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Plans unveiled for the first large-scale purpose-built studio development in Los Angeles in over 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.. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 2 bed 1.5 bath 1279 sqft. A rendering of the entrance to the planned Sunset Glenoaks Studios in the Sun Valley neighborhood of Los Angeles. 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 project is estimated to cost between $180 million and $200 million. What Now Media Group 2023. The consent submitted will only be used for data processing originating from this website. The 10-acre site in the Valley, now named Sunset Glenoaks, stands to be among the first in line to benefit. 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. 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. (16) Skyway Landing was sold on February 6, 2023. Sylmar Studios executives and Los Angeles City Councilwoman Monica Rodriguez assembled in Sylmar for the start of the $500 million development project, . Hudson Pacific and Blackstone aren't the . The Los . Roger Vincent. 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. 1 Bed. New York-based RBC Real Estate Capital Partners provided the loan, property records show. On an earnings call Thursday, Hudson Pacific said construction has already started on Sunset Glenoaks, with opening slated for 2024. With Hudson Pacific, Blackstone is developing the $190 million, 240,000-square-foot Sunset Glenoaks Studios in Sun Valley. The name was changed to "Sunset Gower Studios" and the lot became a rental facility for independent film companies. Browse 15 Studios in Glen Oaks, NY to find your dream Glen Oaks studio apartment. BPI Universal. 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. The $150 million will be doled out by the California Film Commission on a first-come, first-served basis. An example of data being processed may be a unique identifier stored in a cookie. The 10-acre site in the Valley, now named Sunset . Hudson Pacific and Blackstone are adding a fourth project to their Sunset Studios family, unveiling plans to build Sunset Glenoaks Studios amid a booming . The film . 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. The project is estimated to cost between $180 million and $200 million. Sustainability and health and wellness are a priority. 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. Sunset Studios includes three storied lots in HollywoodSunset Bronson, Sunset Gower, and Sunset Las Palmas, that have been home to iconic television shows and . About 616 Golden Gate Pt #7. A rendering of office space next to soundstages at Sunset Glenoaks Studios. 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. 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. Read the latest edition of the Commercial Observer online! Have a question for 1267 St Ives Pl? Sunset Glenoaks Studios will cost between $170 million and $190 million and feature 240,000 square feet on more . 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. 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]. It required a 440-ton crawler crane to lift these 70-foot concrete . 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. Recessed lighting in kitchen and living room. 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. The primary bedroom is filled with natural light and hosts its . Hospdate en esta casa de vacaciones en Norte de Hollywood. But now, that long delay looks like a lucky break. Soundstages are one of the hottest categories in commercial real estate as entertainment production keeps rising. Not all features are available in every apartment. 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. Sunset Glenoaks is being planned by Hudson Pacific and its partner Blackstone. The firms also announced the planned development in a news release. 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. The project to expand production at Television City comes as shortages keep the regions existing soundstages booked year-round. Sunset Studios. 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? Great opportunity to move into this 5 bedroom 3 full bath lakeview pool home in prestigious Lexington estates. It does not appear that any building permits were pulled, however, and in January 2021, the Commercial Observer reported that Line 204 was looking to unload the property to Hudson Pacific. One of the "World's most romantic hotels". 2021 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]. 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. 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? 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. The project includes seven sound stages totaling 136,000 s.f, four production office buildings totaling 91,000 s.f. 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. Burbank Village Apartments 12244 Burbank Blvd is an apartment building with 2 floorplans, and studio-1 bedroom units available. 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. That would make it much cheaper to shoot there than at pre-existing facilities. You will be redirected back to your article in. 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. Hudson, in partnership with Blackstone, has acquired Sunset Gower, Sunset Bronson, Sunset Las Palmas and is developing Sunset Glenoaks, becoming become one of the largest independent owner-operators of studio space. The year-ago loss was mostly attributed to a jump in operating expenses and costs associated with several major acquisitions. 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 . 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 project will cost as much as $190 million and work is set to begin later this year. 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. Bardas Investment Group in May announced plans to build a 350,000-square-foot soundstage-and-office complex in Hollywood. 1. 1 Available. 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 . 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 . , 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. Los Angeles, A $150,000 executive protection dog? With soundstages in short supply and production on the rise, a developer plans to build a new studio in Hollywood. Golden Gate Point , a 25 acre private peninsula. Variety and the Flying V logos are trademarks of Variety Media, LLC. When Sunset Glenoaks is complete, Hudson Pacific and Blackstones Sunset Studios brand will have 42 soundstages. . Sunset Glenoaks is located at 11070 West Peoria Street in the Sun Valley neighborhood near Burbank. RBC Capital Markets provided the loan in December to a limited liability company linked to Hudson Pacific, records show. Continue with Recommended Cookies. 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 2017, developer Hudson Pacific Properties submitted plans providing details of its new vision for Hollywood's landmark Sunset Gower Studios. 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. 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. 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. ALL RIGHTS RESERVED. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. HPP and Blackstone expect to invest $170 million to $190 million to develop the complex, eyeing a completion by the third quarter of 2023. By early 2020, Butler told the L.A. Times that construction had just gotten underway, and was expected to last 20 months. [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. 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 . 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. Listings, photos, tours, availability and more. 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.. 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. 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. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. 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. Hudson Pacific announced the deal in a quarterly earnings release on Wednesday, but did not disclose the lender. 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. 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.