...">
In 1977, the property was purchased by the Pick Vanoff Company for $6.2 million. The first major studio built in LA in decades. 1279 Sqft. 3.We own 20% of the ownership interests in the unconsolidated joint venture that owns Burrard Exchange. The Los . You will be redirected back to your article in. Responding to the surging demand for state-of-the-art studio space, Hudson Pacific Properties Inc. and Blackstone are teaming up to develop the first large-scale, purpose-built studio in the Los Angeles area in more than 20 years. 2 Beds. Sunset Glenoaks Studios - Kimberlina Whettam & Associates Hudson Pacific Properties and Blackstone to Develop - PressReleasePoint ACCESSIBILITY AUDIT; It has building amenities including onsite management, fitness center, on site laundry, garage parking, roof deck, and outdoor space. 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. Gavin Newsom signed a new $150 million tax credit into law, which is aimed to spur the construction of new production facilities. 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. Hudson Pacific, Blackstone to build Los Angeles area studio facility 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. 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. 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. 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 developer applied for a building permit in April, but has not received it yet, according to city planning records. Studio. Variety is a part of Penske Media Corporation. 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.