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*. 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.. A US movie studio group behind blockbusters including Venom, Jumanji and Godzilla is to build a 150m Hollywood-style production complex in Reading . Silver Lakes portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally. The event also resulted in support . The Santa Clarita Valley Sheriffs Station annual All Schools Dance is back for its 38th year and will be held Friday, March 10 from 7:30 p.m. to 11 p.m. at Six Flags Magic Mountain. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder. The Covid-19 pandemic slowed down film and TV production in Calfornia, almost driving the industry to a halt in the summer of 2020, which resulted in projects relocating, such as Hulu limited series Nine Perfect Strangers moving to Australia. Commonwealth focuses its investment activities within four main categories: Real Estate, Global Macro, Digital Assets and Opportunistic Growth. Blackhall Studios / Master Case No. The company is also developing an additional 1.2 million square foot space including 22 new soundstages. The reported sales price for Blackhall's Atlanta assets is $120 million. 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 one of the largest operators in the sector. He plans to launch a new streaming service, Blackhall Americana, next year with original action-adventure content. Lee Wittlinger, a managing director of Silver Lake, and Chip Schroeder, a Silver Lake director, will join the Shadowbox board. As climate disasters, blood donation needs and other emergencies upend lives, local community heroes are stepping up to care for one another. NOP - Notice of Preparation of a Draft EIR, Vacant site/Non Urban (NU5) and Mixed Use Neighborhood (MX-N)/Non-Urban Residential (NU5) and MX-N. 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. 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.. The first day of competition at the National Association of Intercollegiate Athletics Indoor National Championships on Thursday, March 2 in Brookings, S.D. Staff; Board of Directors; Ambassadors; Business Improvement . While there have been plans for the site discussed in the past, it was purchased by Millsap within the last two months, according to city planners. 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. Mr. Braly has been a resident of Santa Clarita since 1989, where he resides with his wife, Pamela, and their daughter Morgan. Atlanta Metro Area: Shadowbox currently operates an 850,000 square foot studio facility with nine soundstages in Atlanta, GA that has been home to blockbuster features such as Jumanji: The Next Level, Jungle Cruise and Godzilla: King of the Monsters. 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. Each of these investment strategies reflects Commonwealths top-down macro-economic approach, carefully developed investment philosophy and contiguity to technological innovation. Motion Picture & Television Studios; Blackhall Studios. Its our informal review process that allows someone to propose an idea, and we provide them feedback on that concept, before they fill out any sort of formal application, Crawford said. 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. 2023 Variety Media, LLC. Santa Clarita received an application for a mixed-use, residential development to be located on the 40-acre Saugus property in October 2021, according to city senior planner Hai Nguyen, who said Wednesday that project was still in the initial study phase. Commonwealth Asset Management remains the majority shareholder. Blackhall Studios - Santa Clarita Santa Clarita: Up to 20: 500,000: Purpose-built facility on a 50-acre parcel. The Los Angeles County Probation Oversight Commission is holding an emergency virtual meeting today, Feb. 28, starting at 1:30 p.m. 25350 Magic Mountain Parkway, Suite 250 Santa Clarita, CA 91355 . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. With this additional funding, Shadowbox will be able to expand on its established portfolio and scale its offerings to meet the increasing demand for premium soundstages across the globe. All rights reserved. Millsap announced expansion plans in the U.K. and in Santa Clarita, just north of Los Angeles, before selling the company in 2021 for $120 million. Peter Rumbold, a director at the studio, said the new name represents the company going forward as a symbol of both the physical and imagined spaces supported by our platform., He added, Our state-of-the-art facilities physically exist as shadowboxes where our clients can execute their artistic endeavors.. 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.. The move is part of California's attempts to keep up with the increase in demand of TV and film production in Hollywood. $1.25B expansion. The Hollywood-DeKalb County land swap debate has reached blockbuster proportions . Several other companies have announced plans to expand existing soundstages or build new ones in the last couple of years. Filled with the top stories to start your day, and emergency news alerts. Est. South DeKalb County poised to become home to Georgia's largest movie production complex DEKALB COUNTY, GA-Blackhall Global Partners, LLC (BGP) is kicking off its $250 million expansion in DeKalb County. Nine buildings, which would contain 19 sound stages, would be constructed in the central portion of the Project Site, south of Placerita Creek. To learn more about Database Works and our custom software solutions, please request a demo. A city official noted Wednesday its one of a number of discussions that have involved the historic tracks potential next use over the years, but also one that appears to be gaining traction. Deutsche Bank, EY and Sidley Austin represented Shadowbox on the transaction. The company now operates 13 soundstages nine in Atlanta and another four in Shinfield, west of London. LA North Studios, a Santa Clarita-based entertainment company, has cut a deal to open a fourth soundstage for TV and film production in . The Project Applicant proposes to develop a full-service film and television studio campus on the Project Site that would consist of 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. Sign up for THR news straight to your inbox every day. A three-story office building and a five-level, 1,064-space parking structure that includes one subterranean level are proposed in the southwestern corner of the Project Site. Commonwealth focuses its investment activities within four main categories: Real Estate, Global Macro, Digital Assets and Opportunistic Growth. Commonwealth focuses its investment activities within four main categories: Real Estate, Global Macro, Digital Assets and Opportunistic Growth. US company Blackhall Studios and the University of Reading want to build the new 150m studios . Shadowbox is conveniently located less than 10 miles from Atlanta-Hartsfield Jackson International Airport, with hourly flights to all major cities, and only 20 miles from DeKalb-Peachtree Airport, which accommodates private, luxury jets. 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. Georgias uncapped film and TV tax credit incentive program has transformed the state into a major production hub since it was created in 2006. Story Arc. Map; What's Nearby? Production resumed gradually in the state where by April 2021 on-location filming in Los Angeles returned to 60% of normal levels. A representative from Shadowbox was not immediately available Wednesday. 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. 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. I sincerely wish them well but I find it curious that sound stages are being built immediately adjacent to a Metro Rail line. After 12 years of collaborative efforts within our community, the work of the Santa Clarita Valley Economic Development Corporation has never been more vital. 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. Blackhall Studios (to be rebranded as Shadowbox Studios) in Atlanta. Jan 11, 2022, 3:14 PM. All rights reserved. The company which was bought last year by Commonwealth Asset Management will now go by Shadowbox Studios. We chose Shadowbox to represent the company going forward as a symbol of both the physical and imagined spaces supported by our platform, added Peter Rumbold, Commonwealths Head of Real Estate and director of Shadowbox. April 4, 2022 / News. Santa Clarita has also been further boosted by the announcement from Blackhall Studios that it is constructing a 1.34m square ft television and movie studio complex in the city, which includes 20 stages and is slated to open in 2024. Latham & Watkins represented Silver Lake. Since then, Blackhall has rapidly built . The owner of the property is LA Railroad 93 LLC, which is a real estate investment company established by Ryan Millsap, CEO of Georgia-based Blackhall Studios. June 14, 2022 1:50pm The original Blackhall Studios in Atlanta Blackhall Studios Soundstage operator Shadowbox Studios announced a strategic $500 million investment from tech investor. Bonelli, famous in his own right or infamous, depending on ones perspective, as he developed the first post-war tract of homes, also in Saugus, and later became known for his feud with the L.A. Times and then an indictment on corruption charges eventually introduced auto racing in the late-1930s. 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. Atlanta Phase I has nine soundstages ranging in size from 19,200 to 38,400 square feet with ceiling heights of 40 feet. 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. The review request also includes a parking structure with six stories above ground and two subterranean levels, for 1,765 spaces. Television City TVC 2050 West Hollywood +8: TBD: Owner Hackman Capital plans to ad up to 1.3M SF of total space and add 8 stages to existing 7 as part of est. Weber said the Santa Clarita move came from the head of Blackhall, which was the name of Shadowbox prior to a rebranding announcement last summer. Bonelli lived out his life in Mexico as a fugitive after his 1939 indictment, according to SCV History, but the racing remained a fixture in the area until July 1995, when the tracks owners announced races would no longer be held at the speedway due to the deterioration of its grandstands. Integral received approval from Santa Clarita more than two years ago to build a maximum of 375 units on Bouquet Canyon Road just north of Plum Canyon, according to Nguyen. The application will be available to review for a 60-day review by the public beginning on March 7 and ending on May 7. Mike Marshall Agency Name City of Santa Clarita Job Title Associate Planner Contact Types Lead/Public Agency Address 23920 Valencia Boulevard Suite 302 Santa Clarita, CA 91355 Phone (661) 286-4045 Email mmarshall@santa-clarita.com Location Coordinates 2423'14"N 11831'51"W Cities Santa Clarita Counties Los Angeles Regions Shadowbox currently operates soundstage campuses in Atlanta and the United Kingdom, with further active developments in the Atlanta, London, and Los Angeles metro areas. Hotels near Melody Ranch Motion Picture Studio: (3.29 mi) Hotel Lexen Newhall & Santa Clarita (5.59 mi) Hampton Inn Los Angeles/Santa Clarita (5.55 mi) La Quinta Inn & Suites by Wyndham Santa Clarita - Valencia (7.39 mi) Hilton Garden Inn Valencia Six Flags (6.06 mi) Hyatt Regency Valencia . 23 days on Zillow. Silver Lake is a global technology investment firm, with more than $88 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. The Keystone Club at the Santa Clarita Valley Boys & Girls Club is hosting a Breaking Barriers Career Expo on March 24 and April 21. June 18, 2020 6:14pm. Friends of Placerita Canyon Natural Area report a new beehive has been installed at the Placerita Canyon Nature Center, 19152 Placerita Canyon Road, Newhall, CA, 91321. Subscribe for full access to The Hollywood Reporter. 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. Blackhall Studios has nine large sound stages and is about to expand to become the largest movie film studio outside of China. Blackhall Studios is booming and ready to expand, but preservationists fear plans for Atlanta's greatest urban . SCVTV is a tax-exempt 501(c)(3) nonprofit corporation. Cassandra.Bujarski@FGSglobal.com / Michelle.VanWyk@FGSglobal.com / Grace.Turner@FGSglobal.com, Silver Lake Shadowbox Studios, Formerly Blackhall Studios, Announces $500 Million Strategic Investment From Silver Lake to Support Over $1.5. Silver Lake will partner with existing investor Commonwealth Asset Management, which remains the majority shareholder. Courtesy of Blackhall Studios Shadowbox Studios, formerly Blackhall Studios, is going all in on delivering. The Swap Meets office is closed on Wednesday, per a number listed online for the market. The County of Los Angeles Fire Department recently mailed the Annual 2023 Brush Clearance Notices to residents in Fire Hazard Severity Zones. Shadowbox Studios Commonwealth Asset Management LP is a Los Angeles based asset management platform. 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. Shadowbox Studios, formerly Blackhall Studios, is going all in on delivering studio space amid a global crunch, unveiling plans on Tuesday to more than double the size of its Atlanta facility. From the companys roots as a single site operator, we have worked with local communities in the Atlanta, London, and Los Angeles areas to develop more spaces where content creators can express themselves while also providing hundreds of jobs to local markets.. 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. 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. You may also contact the OPR via email at state.clearinghouse@opr.ca.gov or via phone at (916) 445-0613. You can be the first one to leave a comment. 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.. California Film and Television tax credit program, Santa Clarita in Los Angeles county reports blockbuster year of filming. Supporting large-scale productions with best-in-class service is Shadowboxs bread and butter, said Adam Fisher, a director at the studio. 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.

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