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Stages in Short Supply

With demand for content on the rise, developers hurry to build movie studios.

Construction of new production lots in the East San Fernando Valley has heated up.

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Sun Valley Campus

Blackstone and Hudson Pacific plan to spend at least $170 million to build Sunset Glenoaks Studios.

A look at five soundstage projects in the Valley.

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Valley’s Early Player

Quixote got into studio rentals before the boom, but faces new competitors.

In the pre-pandemic days of August 2019, Quixote Studios got ahead of the content-demand curve when it opened its North Valley Studios at 12137 Montague St. in Pacoima.

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Warner Bros. Ranch

Worthe Real Estate and Stockbridge Capital will spend $500 million to build 16 stages in Burbank.

Although four years away from completion, Warner Bros. Entertainment’s makeover of its Burbank properties is full swing.

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Building an Epicenter

NBCUniversal expands production capacity on its lot to become the ‘content hub of the future.’

In what the company calls the “content hub of the future,” NBCUniversal is currently building eight soundstages in an expansion and updating of its century-old Universal Studios lot.

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Reposition Strategy

Partners plan to spend $500 to create stages in Glendale and downtown L.A.

King Street Capital Management has partnered with real estate investment trust AIMCo and an unnamed sovereign wealth fund to acquire and develop three production studios in the L.A. market with a total capitalization of more than $500 million.

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Agency Hires Bring Game, TV Expertise

Legion Creative recruits to build social-first campaigns.

Legion Creative announced last month the appointment of three new creative executives to expand the marketing agency’s offerings and broaden it into streaming, television and video games.

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Asian Theme Parks to Open From Legacy

Santa Clarita design firm moves into retail destinations that combine dining, shopping and attractions.

Design firm Legacy Entertainment is ending the year on a high note.

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IATSE Pact Passes With Narrow Vote

Union membership nearly split on contract ratification.

Union members approve two contracts with producers, studios.

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New Princess Sails into Caribbean

Cruise line debuts vessel in post-pandemic reopening.

Santa Clarita-based cruise line Princess Cruises has revealed the newest ship to join its global fleet.

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Tinhorn Flats Premises Quietly Sold

New owner for site of bar that defied COVID rules.

Famous Tinhorn Flats site in Burbank sold to Utah investment firm.

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Valley Firm Buys Stake in Modani

Furniture retailer has presence in four states.

Sherman Oaks-based investment firm Optimal Investment Group (OIG) announced that it acquired a controlling interest in French home decor company Modani Furniture, a furniture retailer from Maisons du Monde.

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Last-Minute Deal Averts Kaiser Strike

Union secures higher wages and annual bonuses.

Last-minute deal averts Kaiser Permanente strike.

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Amgen Hikes Sales, Lowers Guidance

CEO to ‘continue to manage the business effectively.’

Thousand Oaks biotech giant Amgen Inc. reported 4 percent revenue growth spurred by global product sales, but lowered its revenue guidance for the year in its third quarter financial results.

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Orthopedics Group Opens Conejo Office

Thousand Oaks Boulevard facility add to regional chain.

Group practice Ventura Orthopedics has a new facility in Thousand Oaks, continuing its more than 20-year presence in the region.

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Hot Summer for Mortgages Picks Up Velocity

FINANCE: Westlake Village company funds record $340 million in third quarter.

Hot summer for mortgages picks up Velocity Financial Inc.

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Is It Wetland?

REAL ESTATE: Shawn Moradian wants to build on his 37 acres in Thousand Oaks, but he alleges a ‘backdoor deal’ has sabotaged the project.

Landowner wants to build on 37 acres but claims that ‘backroom deal’ has sabotaged his plans.

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NewHydrogen’s Hope of Clean Fuel

Research with UCLA aims to lower costs to crack water.

NewHydrogen explores ways to bring down the cost of hydrogen.

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Wanted: Would-Be Real Estate Brokers

Marcus & Millichap fellowship will train next-gen professionals.

Marcus & Millichap Inc. fellowship will train next-gen professionals.

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VALLEY INSIDER

Clubhouse Named For Philanthropist

David Lee hired as chief operating officer at Public Storage.