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Los Angeles, A $150,000 executive protection dog? 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. New kitchen with granite counter tops, Stainless steel appliances. The roughly $190-million project will include seven sound stages, each of which would range from 15,000 to 21,000 square feet in size and include 35 . 2021 Top Owners Sourcebook: New LA Film Studio "Unique to Glen Oaks Big Sur, you have access to acres of prime hiking trails, the Big Sur River, and redwood groves". The Los Angeles area already ranks as the worlds leader in soundstage capacity with more than 5.2 million square feet of certified space, FilmLA data show. The roughly $190-million project will include seven sound stages, each of which would range from 15,000 to 21,000 square feet in size and include 35- and 40-foot ceiling heights. Blackstone : Hudson Pacific Properties and Blackstone to Develop Los But Sunset Glenoaks already has administrative approval, and the neighbors legal challenge has been defeated. 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. 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. 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. 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. 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. HPP and Blackstone Unveil $180M Studio Plans - Connect CRE Hudson Pacific's Sunset Studios has revolutionized the studio for those revolutionizing content. 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 project is estimated to cost between $180 million and $200 million. 2 Beds. Roger Vincent covers commercial real estate for the Los Angeles Times. We and our partners use cookies to Store and/or access information on a device. 3.We own 20% of the ownership interests in the unconsolidated joint venture that owns Burrard Exchange. 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 . In August 2007, Sunset Gower Studios was bought by Hudson Capital. Its expected to be complete by the third quarter of 2023. New York-based RBC Real Estate Capital Partners provided the loan, property records show. By subscribing, I agree to the Terms of Use and Privacy Policy. Hackman Capital Partners, the owner of Television City, formerly operated by CBS, announced plans in March to make $1.25 billion worth of improvements to the Los Angeles lot, including raising the number of soundstages to at least 15, from eight, along with production support facilities and offices for rent.