Commonwealth Real Estate LP (CWRE) is the real estate investment arm of Commonwealth Asset Management Holdings LLC (CWAM), a Los Angelesbased investment management platform which collectively manages over $1.7 billion in assets*. is tom hawkins related to doug hawkins Sign up for THR news straight to your inbox every day. The frontage for the proposed site includes the area previously used by the Santa Clarita Cowboy Festival to shuttle people back and forth from their cars to the festival, back when the festival was held at nearby Melody Ranch Motion Picture Studio. Deutsche Bank, EY and Sidley Austin represented Shadowbox on the transaction. His Atlanta studio complex . ATLANTA--(BUSINESS WIRE)--Shadowbox Studios (Shadowbox), a premium operator of purpose-built soundstage facilities, today announced a strategic investment from Silver Lake, the global leader in technology investing. We continue to be a film-friendly City and ensure our beautiful valley remains a top choice for productions now and well into the future.. Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns, and operates state-of-the-art soundstages for film and media production, and provides a range of on-site support services for clients. College of the Canyons will hold Discover Day, an event that will give new and potential students the opportunity to explore program offerings and opportunities, on Saturday, March 18, from 9 a.m. to 1 p.m. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The California Nurses Association condemned the March 3 announcement by California Department of Public Health that mask and vaccine requirements would be lifted April 1 in the states health care settings, just eight days after California reached the grim toll of 100,000 Covid-19 deaths. 25350 Magic Mountain Parkway, Suite 250 Santa Clarita, CA 91355 . A $500 million investment from. Blackhall is planning to more than double the size of its Atlanta complex from about 850,000 square feet to over 2 million square feet in the coming years, an expansion that would include a mix. Attached files are from the City of Santa Clarita announcing the Notice of Preparation for Blackhall Studios Draft EIR and the project's Initial Study (59 pages). Blackhall Studios sold to private equity firm for $120 million Ginger Li Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity, said Lee Wittlinger, managing director at Silver Lake who joined Shadowboxs board with the investment. The event also resulted in support . Santa Clarita Valley International Charter School, the Founding School for iLEAD, a public charter school network that makes available innovative learning options for children in grades TK through 12, is recruiting new students for the 2023-24 school year through lottery applications. Deutsche Bank, EY and Sidley Austin represented Shadowbox on the transaction. The proposed project would develop 310 two-story, singlefamily, detached homes, with related infrastructure, open space, trails, recreation, and landscape elements, on 93.56 acres of land in the Placerita Canyon area of Santa Clarita, CA. A one-stop review is a preliminary process the city offers to anyone considering the proposal of a project in front of the Planning Commission, said Jason Crawford, economic development director for the city of Santa Clarita. Latham & Watkins represented Silver Lake. Shadowbox Studios, formerly Blackhall Studios, Announces $500 Million Blackhall Studios and the University of Reading want to develop the purpose built studios at Thames Valley Science Park. Locations. Shadowbox has made these amenities front and center. DEPARTMENT OF TRANSPORTATION District 7 Office of Regional Planning 100 STANFLES REALTY. There is a long runway for the growth of the overall industry, and we are thrilled to partner with Shadowbox to expand the companys service offerings and deliver premium soundstage facilities in the top global production markets.. Blackhall Studios | Motion Picture & Television Studios - Hollywood Yes, Scream VI Marketing Is Behind the Creepy Ghostface Sightings Causing Scares Across the U.S. David Oyelowo, Taylor Sheridan's 'Bass Reeves' Series at Paramount+ Casts King Richard Star Demi Singleton (EXCLUSIVE), Star Trek: Discovery to End With Season 5, Paramount+ Pushes Premiere to 2024. Our partnership with Silver Lake represents a major step forward for our Shadowbox platform, not only by providing significant growth capital for the business, but also by expanding our relationships in the entertainment and technology communities which are integral to Shadowboxs future.. Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors. Join the Santa Clarita Valley Sheriff's Station for a morning of coffee Wednesday, March 15, between 9 a.m.-11 a.m., at Dicks Sporting Goods, 26591 Carl Boyer Drive, Santa Clarita, CA 91350. All rights reserved. Press & News - LA North Studios Blackhall Studios - based in Atlanta, Georgia - said its first foray overseas and into the UK market would deliver "the largest purpose-built film studio and digital creative hub complex in the UK". FilmLA Updates Annual Sound Stage Production Report The County of Los Angeles Fire Department recently mailed the Annual 2023 Brush Clearance Notices to residents in Fire Hazard Severity Zones. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The local film office reported 570 film permits and 1,505 filming days, which generated approximately $37.6m in economic impact to the local community. It recently completed the initial phase of developing its facility in London, which is expected to be nearly one million square feet. CWAM's investment philosophy is to pursue investments that capitalize on our unique capabilities and core values. Several other companies have announced plans to expand existing soundstages or build new ones in the last couple of years. Mill space, wardrobe, set decoration/props and storage space total over 165,000 square feet on the Main Campus and nearly 400,000 square feet on East Campus. In a press release on Tuesday, Peter Rumbold, Commonwealths head of real estate, said the new name is intended to evoke the physical and imagined spaces supported by our platform., Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors, he said. The 9-stage, 850,000 square foot studio campus opened in 2017 and plans are in place to expand the site by nearly 1.2 million square feet by 2024. $380,000. Upon completion of these development projects, Shadowbox will own and operate a portfolio of 68 soundstages and over 4.2 million square feet of leasable area, making it . The tax credits, along with record output of scripted content, has led major studios to shoot tentpole projects, including Black Panther: Wakanda Forever, Creed III and Tales of the Walking Dead, in Georgia. US company Blackhall Studios and the University of Reading want to build the new 150m studios . Shadowboxs existing footprint consists of: Los Angeles Metro Area: Shadowbox is currently developing a 19 soundstage, approximately 1.3 million square foot purpose-built studio campus in Santa Clarita. Blackhall Studios founder Ryan Millsap launching streaming service Blackhall which is controlled by California-based Commonwealth Real Estate LP would invest an estimated $380 million and bring more than 2,400 film- and production-related jobs to an area. Santa Clarita Studios (SCS) - Your full-service independent studio While the Santa Clarita lot is a somewhat smaller property, the one-stop review request includes more development than the Atlanta lot, with more than 1 million square feet of commercial space planned. Filled with the top stories to start your day, and emergency news alerts. 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Rowling More Grace and Listen to Her, Britain's $4 Billion Boss: ITV Chief Carolyn McCall Bets It All on Talent, 2023 Music Festivals: How to Buy Tickets to Coachella, Governors Ball, Lollapalooza and More. In addition to providing real estate services to its clients, Shadowbox also provides productions with lighting and grip rentals through its wholly owned subsidiary, Lamp Dock, as well as other key on-lot services. The $500 million expansion will add 1.2 million square feet and 22 new soundstages to Shadowboxs Atlanta location, making it one of the biggest production facilities in Georgia and in the U.S. South. Located in Valencia, California, Santa Clarita Studios is a full-service, independent studio featuring 32 sounds stages ranging from 12,000 to 40,000 sq ft. Our audience rated stages offer attached and fully furnished production office space with large bullpens and suite-style executive offices. Last year, California approved a $150 million incentive plan to encourage construction of new soundstage facilities in the state. Purchased by Roy Baker in the 1923 and intended as a horse farm, the brother of former shoe magnate C.H. Coming soon: 150m Hollywood-style film studios to Reading The Shadowbox project in Newhall calls for the 93 acres to include approximately 473,000 square feet of sound stages; approximately 561,500 square feet of workshops, warehouses, and support uses; approximately 221,000 square feet of production and administrative offices; and approximately 37,500 square feet of catering and other specialty services, according to planning documents obtained from the city dated March 29, 2022. To obtain an attachment in a different format, please contact the lead agency at the contact information listed above. "LA North Studios has unrivaled sound stages, studio and office space within the Los Angeles thirty-mile zone, that makes it the perfect location for the success of any television production. The combination of Shadowboxs premier facilities in tier one production hubs and deep relationships across the production landscape allows the company to support the worlds top content producers as they grow their businesses, said Lee Wittlinger, Managing Director at Silver Lake, who has joined Shadowboxs board along with Silver Lake Director Chip Schroeder. Commonwealth focuses its investment activities within four main categories: Real Estate, Global Macro, Digital Assets and Opportunistic Growth. Shadowbox Studios, formerly Blackhall Studios, gets $500M investment Silver Lakes portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally. Were pleased to offer some of the worlds top creative talent the space to bring characters and stories to life in premier soundstages backed by best-in-class production services.. A US movie studio group behind blockbusters including Venom, Jumanji and Godzilla is to build a 150m Hollywood-style production complex in Reading . Numerous TV shows and feature films have been shot on location in Santa Clarita, including American Crime Story: Impeachment, Netflix's Atypical, Blindspotting, HBO's Euphoria, Space Jam: A New Legacy, Steven Soderbergh's Kimi, and Dog starring Channing Tatum. Founded in 2017, Shadowbox Studios (formerly Blackhall Studios) develops, owns, and operates state-of-the-art soundstages for film and media production, and provides a range of on-site support services for clients. Recapitalization Will Support Ongoing Expansion into New Geographies and Incremental Service Offerings Amid Increased Demand for Content, Rebrands as Shadowbox Studios a Premium Soundstage Infrastructure and Services Company. Santa Clarita Studio Backlot Street - Santa Clarita Studios Shadowbox, an international studio with very ambitious plans underway for Placerita Canyon, is looking to partner with home builder Integral on an auxiliary project that would use 35 acres of the historic property, which last hosted racing in 1995 and is now home to the twice-weekly Santa Clarita Swap Meet. Plans to develop the "largest purpose-built film studio" in the UK have been put forward in Reading. Visit Website; Request Info; 1415 Constitution Rd. Upon completion of the expansion, Shadowbox will own 68 soundstages and over 4.2 million square feet of leasable area, making it one of the largest operators of studio space in the country. Shadowbox Studios, Formerly Blackhall Studios, Plans $500M Expansion Silver Lakes portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally. Shadowbox Studios Atlanta - Phase I (formerly Blackhall Studios) is an 850,000 square foot studio facility that has been home to such blockbuster features as Jumanji: The Next Level, Jungle Cruise and Godzilla: King of the Monsters. Blackhall Studios offers complete services for all types and sizes of productions from small independent films to scripted television series to tent pole movies, according to the studios website. The stages are well designed also, enough separation for noise and traffic, close enough for quick company moves. The Bonelli family owns Rodeo Land Co. Consumer demand for premium film and TV content, coupled with the growing number of producers, has driven outsized demand for soundstage capacity. For more information, visit www.shadowboxstudios.com. In addition, Shadowbox Studios is developing a 1.3MM square foot studio project on a 93-acre parcel in Santa Clarita, CA. Its a pretty cool program for folks who just have an idea or a concept and can hear back from all the different groups, Crawford said, mentioning fire and building and safety, among other agencies. Atlanta, GA 30316 (949) 955-3555. Room for exterior set builds. - Condo for sale. The Los Angeles County Department of Public Health today confirmed 14 new deaths throughout L.A. County, 1,343 new cases countywide and 36 new cases in the Santa Clarita Valley. I know theyre hoping to start soon, hoping to start this year.. Atlanta Studio Sparks Protests for Plan to Clearcut 200-Acre - TheWrap Initial Study INITIAL STUDY CITY OF SANTA CLARITA Project Title/Master The company is also developing an additional 1.2 million square foot space including 22 new soundstages. CEO of Georgia-based Blackhall Studios. Celebrate Mardi Gras at the Old Town Farmers Market Saturday, March 4 from 8:30 a.m. to 1 p.m. Santa Clarita in Los Angeles county has reported a blockbuster year of filming in the city in 2021, following Covid disruptions in 2020. To better align with its next phase of growth, the company has adopted new branding that embodies the values and creative vision driving the company. Los Angeles Group Buys Massive Atlanta Studio Complex For $120M Blackhall Studios Notice of Preparation Meeting on Thursday, April 21 The investment includes a capital commitment of $500 million that will support Shadowboxs growth strategy, including existing soundstage development projects in the Atlanta, London, and Los Angeles metro areas with over $1.5 billion of expected capital investment. SCVTV is a tax-exempt 501(c)(3) nonprofit corporation. Team records fell and All-Americans were crowned for The Master's University on the first day of the NAIA Swimming & Diving National Championships in Columbus, Georgia. After 12 years of collaborative efforts within our community, the work of the Santa Clarita Valley Economic Development Corporation has never been more vital. Millsap sold the nine-soundstage Blackhall Studios campus in Atlanta, one of the state's largest film and television production facilities, to Los Angeles private equity firm Commonwealth Asset. Blackhall Studios - Santa Clarita, California Recapitalization Will Support Ongoing Expansion Into New Geographies and Incremental Service Offerings Amid Increased Demand for Content, Rebrands as Shadowbox Studios a Premium Soundstage Infrastructure and Services Company. Atlanta-based Blackhall Studios sold for $120M to California firm - Ajc In addition to providing real estate services to its clients, Shadowbox also provides productions with lighting and grip rentals through its wholly owned subsidiary, Lamp Dock, as well as other key on-lot services. All Rights Reserved. Shadowbox is currently building a 1.3 million square foot studio campus in Santa Clarita. Application filing will be held for one week and begins Friday, March 3 and will close on Thursday, March 9. Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. Additional legal work was done by Farrer & Co. and King & Spalding. Santa Clarita city planners recently received an application for a "one-stop review" for a movie studio complex in . Commonwealth also acquired 93 acres in Santa Clarita, California, where it could develop 1M SF. Allison.McLarty@edelman.com, Commonwealth Chief Production Officer eric@shadowboxstudios.com, 1415 Constitution Rd SE, Atlanta, GA 30316, 3475 International Park Drive SE, Atlanta, GA 30316, 3495 International Park Drive SE, Atlanta, GA 30316, 3342 International Park Drive SE, Atlanta, GA 30316. The reported sales price for Blackhall's Atlanta assets is $120 million. You may also contact the OPR via email at state.clearinghouse@opr.ca.gov or via phone at (916) 445-0613. cj@cwamgroup.com, Internet Explorer presents a security risk. About us. 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