The comic book series will bring a lot of excitement to the small screen exploring everything from time travel between different centuries, future versions of characters, and the question of whether or not the past can or should be changed by time travelers. They were among the real pioneers in building something special in our city - they have helped me champion the local industry and attract new jobs and investments here. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com Keith Gee, of LifeStorage, will become another co-managing partner and CFO. Apartamentos.com cuenta con recorridos en 3D, videos en alta definicin, reseas y mucha ms informacin verificada que el resto de las pginas de alquileres. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka Friday April 20 2018. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . News about the Studio and Production Facility Industry | Cinespace Cinespace Chicago Film Studio campus in North Lawndale. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. The film studio's sale is expected to accelerate the growth of Chicago's film industry and bring more production jobs to the area, new owners said. Carrie Austin Resigns from City Council After 29 Years in Office, Why Will County Residents Are Fighting a Major Logistics Hub and Why Backers Say Its Needed, Control of Chicago City Council Up for Grabs as Aldermanic Runoffs Loom. Egan most recently was head of production services at Netflix, and Gee was the CEO of Strive and CFO and president of LifeStorage, two former TREP portfolio companies. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. The pop-up runs Friday through the end of March. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. Jones Lang Lasalle served as financial advisor to TREP. newsletter here. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. Media Contact Website. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. Chicago is not trying to be Hollywood. Today, TREP has $5.3 billion of assets under management. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. The Midwest's production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial . Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. News about Cinespace Chicago | Cook County Record Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. Having Chicago as acritical link to providing not only quality entertainment, but also good-paying jobs in our community makes all the extra effort to help production companies keep filming worth it.. TPGs purchase of Cinespace is not an outlier, but part of a larger trend, thanks to a nationwide shortage of available stage space due to the onslaught of projects demanded by streaming services. The two are not related. We are thrilled to have the opportunity to expand on their vision by building a best-in-class studio platform that serves the creator community and drives job growth in Toronto, Chicago, and beyond, said Jacob Muller, managing director at TPG Real Estate Partners. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. TPG is investing in two of the most stable and sought-after filming jurisdictions in the world, and we are excited to see Cinespaces continued growth and success with TPG.. TPG is bringing in its own team. Consumer appetite for original content is a growing secular trend that has accelerated through the pandemic, leading to a dramatic increase in the demand to produce new films and television and in turn, a surge in the need for studio space, said Avi Banyasz, Partner and Co-Head of TPG Real Estate. Its a done deal! said Pissios. 1448 S Rockwell St Chicago, IL 60608 - Alquileres en Chicago, IL Cinespace Chicago Film Studios | LinkedIn Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . Sign up for THR news straight to your inbox every day. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Cinespace furthers their vision to build a premier global production Cinespace is up and rolling with 4 new series and more Reel Chicago News Cinespace Chicago sells to Texas real estate company Chicago, Illinois, United States . This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Our Locations Cinespace Chicago Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. Cinespace Chicago Film Studios Welcomes New Productions, Cinespace is building a Hollywood-style studio - Time Out Chicago Cinespace Expansion Will Bring More TV Shows And Jobs To Chicago, CEO Uncle Nick had the foresight to recognize how important it was for Chicago and the TV industry to have a facility to base a series there. Keep up to date with our latest industry news, from across the world. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. Cinespace Chicago Entertainment | Film/Movies. They will find no better place in Canada to do business and we are excited and confident in the future of Cinespace., Toronto Mayor John Tory added: "Toronto continues to be a leader in film and TV and that has been made possible through investments from leading companies who see the value and potential in our city and our residents. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. Cinespace Chicago Film Studios welcomes several new productions to its growing campus.. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities.. #mc_embed_signup{background:#fff; clear:left;width:100%;font-weight:normal;}, Beyond Chicago from the Air with Geoffrey Baer, The Great Chicago Fire: A Chicago Stories Special, Surviving R.Kelly: Final Installment Examines Trial and More Details, Chicago Film Critics Break Down Sight and Sounds New Greatest Films of All Time List, Actor and Director Isaiah Washington Brings New Film to Chicago, Starstruck Memories from Chicago International Film Festival Founder, New Chicago-Set Film Highlights Citys Street Art Scene, After Unexpected Death of Her Husband, Naperville Woman Plans to Finish His Documentary, Venus and Jupiter Will Be Side by Side in Wednesdays Night Sky. (Brian Cassella / Chicago Tribune). I look forward to partnering with TPG to continue growing this critical industry and seeing what Illinois talent and infrastructure inspires in creatives across our state., Chicago Mayor Lori E. Lightfoot continued: "Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. Clickhereto support Block Clubwith atax-deductible donation. Opinion | The Spectacular Fall of Lori Lightfoot - The New York Times Chicago has a compelling, beautiful cityscape with so much potential. Cinespace, the studio that is home to Chicago-based film and TV productions including Chicago Fire, has been sold to the real estate arm of TPG, a buyout firm based in Texas and California, the two companies announced Friday. Cinespace Chicago Film Studios, the second-largest film studio outside of Los Angeles in North America, is pleased to welcome several new productions to its growing campus as the Studios. Sign up for our free elert here. A federal appeals panel has ruled an Illinois state agency didn't violate . Forcewill follow Tommy Egan (Joseph Sikora) as he turns his back on New York and heads to Los Angeles through Chicago to take on the Irish mob. Keep up to date with our latest industry news, from across the world. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. Michael Scott Jr. (24th) is resigning from the City Council to take a job with Cinespace Studios, a West Side movie studio."Cinespace Studios is an important part of the local . For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! J.B. Pritzker. The comic book series will bring a lot of excitement to the small screen exploring everything from time travel between different centuries, future versions of characters, and the question of whether or not the past can or should be changed by time travelers. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. Pissios was not able to disclose the terms of the deal, but it is understood from a source close to the transaction that TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. Terms of the deal, and the purchase price, were not mentioned in the release. To learn more, please refer to the cookie policy. Returning series filming at the Chicago campus includeChicago Fire, Season 9;Chicago P.D., Season 8;Chicago Med, Season 6; andThe Chi, Season 4; South Side, Season 2; andThe Big Leap. During this pandemic, I think we all had a chance to experience how essential quality shows are to our culture and even to our mental health. Chicago has always been a major player in film and TV production, but truth be told, this family took it to a whole new level. On Friday TPG Real Estate Partners, the real estate arm of the private equity firm TPG, announced plans to acquire Cinespace, the family-run business where the Dick Wolf shows for NBC film. Stay on top of the latest film, TV, advertising, entertainment and production news! Cinespace | Film Studio Locations, Production and Sound Stage Facilities Pat Quinns administration in 2016, Cinespace sought a $15 million state grant to buy real estate to expand its footprint, later reducing the request to $10 million. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Monique Scott was sworn into City Council to replace her brother, former Ald. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. "We're really happy to have the industry back in action on our campus," said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. Cinespace Chicago Film Studios Being Sold For $1 Billion The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Real Estate Partners ("TREP"), the dedicated real estate equity investment platform of alternative asset firm TPG, today announced that it has acquired Cinespace Studios in Chicago and Toronto (Cinespace). The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. Cinespace Chicago Film Studios Being Sold For $1 Billion Thank you Alex for being the best ambassador this film community could ask for. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. 2023 The Hollywood Reporter, LLC. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Cinespace intends to continue growing its studio base following the transaction. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. Michael Scott Jr. (24th), on June 22, 2022. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. Learn More Cinespace Toronto NORTH LAWNDALE The film studio where Chicago Fire, Chicago PD, Chicago Med and The Chi are filmed is being sold for $1.1 billion and will stay in Chicago, according to published reports. The statement also includes praise from Mayor Lori Lightfoot and Gov. Cinespace Chicago Film Studios is a family-owned company specializing in the development, management, and operation of studio space and support facilities for the film, television, and digital media production industry. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. Last year, he secured $21 million in financing for the first phase of a $76 million project to develop property along Ogden Avenue with the CHA and other partners, a proposal Pissios filed while also negotiating his deal with federal prosecutors. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . DOWNLOAD THE FOX 32 NEWS APP. The story centers around four 12-year-old girls who deliver newspapers. Key developments evolving in sale of Brauer Museum artwork by Valparaiso University, Its Chicagos fake birthday: Here are 30 essential foods and drinks to celebrate, from Rainbow Cone to Malrt, Carol Stream man, 35, dies in custody at Cook County Jail, officials say, Do Not Sell/Share My Personal Information. Cinespace Chicago Film Studios Being Sold For $1 Billion Austin, Garfield Park, North Lawndale Cinespace Chicago Film Studios Being Sold For $1 Billion The film studio's sale is expected to accelerate the growth of Chicago's film industry and bring more production jobs to the area, new owners said. What you need to live your best life now. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Watch. With all precincts reporting, Monique Scott won 45.4 percent of the vote in a crowded field, while challenger Creative Scott had 12.6 percent. "Jane has worked on the Cinespace lot for many years in several different roles and understands the needs of a production and the Chicago film and TV community," Egan says in a release. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. Illinois has a 30% tax credit that. Pissios went on to be president of Cinespace Chicago Film Studios, the post he held when federal prosecutors accused him of failing to disclose all of his assets in his bankruptcy and got him to . Cinespace Chicago Film Studios welcomes several new productions to its growing campus. It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. Polling Place: Is Patrick Kane the greatest Blackhawk ever. TPG Real Estate, a Texas- and California-based firm, bought the Chicago studio along with Cinespace Toronto for an estimated $1.1 billion, Deadline reports. Cinespace in North Lawndale has hosted filming for TV shows like Empire and Chicago Fire for the past few years, but the Southwest Side complex will start to look . Our clients create groundbreaking films and television. With 42 sound stages on its 2.2 million square foot main campus in Chicago's North Lawndale neighborhood and additional studios at 31st and Kedzie, Cinespace is the largest film studio outside of California. Eastdil Secured provided financing advisory to TREP for the transaction. Contact | Cinespace Masking, social distancing, and capacity limits in public and workplaces continue to be enforced at Cinespace Chicago Film Studios for the health and safety of staff and all production workers. The deal will also expand Cinespaces social impact work in Chicago by growing the CineCares Foundation, the film studios nonprofit wing. The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. As part of Cinespace's commitment to the neighborhood, the family established CineCares Foundation to train and employ area residents through education and job training in TV & Film.
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