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). Friday April 20 2018. 2023 The Hollywood Reporter, LLC.
Bridgeport bank failure fallout: Washington Federal Bank for Savings He would later help his nephew, Chicago native Alex Pissios, open the North Lawndale branch in 2011, where Pissios has been president and CEO since. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. Leslie Shribman and Courtney Power Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO Cinespace intends to continue growing its studio base following the transaction.
In TPG, weve found a partner who loves our great city of Toronto, respects Cinespaces heritage and tradition of philanthropy, and has the expertise and resources to help lead the company into its next phase of growth, said Steve Mirkopoulos, president and CEO of Cinespace Toronto. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. The pop-up runs Friday through the end of March. [CDATA[ 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. 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 specializes in the development, management and operation of studio facilities, now home to the Dick Wolf One Chicago franchise of Chicago Fire, Med and P.D., The Chi, Lightyears,61stStreet,Power Book IV: Force, Paper Girls, South Side, andThe Big Leap. CHICAGO (CBS) --Ald. Mirkopoulos and Pissios, with help from Coli and Teamsters lobbyists, were able to secure millions in state funds to acquire the 60-acre site of the former Ryerson Steel and convert it into studio space. Clickhereto support Block Clubwith atax-deductible donation. With the city at capacity, having a private equity firm running Cinespace could lead to growth. ft. of what use to be the old Ryerson Steel Company. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox.
Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. Cinespaces flagship studio campus on Kipling Avenue in Toronto has played host to shoots for Reign, Beauty and the Beast, Goon: Last of the Enforcers and 12 Monkeys.
Cinespace Chicago Film Studios | LinkedIn "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. Zach Long. J.B. Pritzker said in the TPG statement. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Media Contact ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. We also wanted to know or did we? how interested you are in the Fire, whose season begins Saturday against New York City FC at Soldier Field.
TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 Cinespace Studios, which helped spark a boom in movie and television production in Chicago, has been sold to a private equity firm that tapped a former Netflix executive to lead the operation on Chicagos West Side. //1448 S Rockwell St Chicago, IL 60608 - Alquileres en Chicago, IL 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. Detectives were questioning a person who was inside the home at the time.
TPGs investment will expand these efforts and provide more jobs for Illinois.. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash.
Jane Williamson joins Cinespace as Head of Studio Operations Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Poles needs to make sure Eberflus maintains significant input. All Rights Reserved. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. 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, continued Jacob Muller, Managing Director at TREP. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! 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. Since its inception in 2009, TREP has built a differentiated investment portfolio comprised primarily of real estate-rich platforms and portfolios located in the United States and Europe. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. Cinespaces new owners plan to expand the CineCares Foundation, which offers residents of underserved Chicago neighborhoods job training and education in the television and film industry. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city.
News about Cinespace Chicago | Cook County Record The release does not mention any role for Cinespace President and CEO Alex Pissios, whose run as the head of Cinespaces Chicago operation has seen the company expand into the citys premier studio space and purportedly the largest film campus east of California. Forceis set on Chicagos South Side and stars Chicago Northwest Side native Joseph Sikora and also welcomes Anthony Fleming (Prison Break) and Lucien Cambric (Chicago PD) to the show. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. About Us Locations CineCares News Contact Cinespace Chicago Cinespace Toronto Studio Babelsberg Cinespace We're the perfect partner for your next production. Stay on top of the latest advertising, film, TV, entertainment and production news. 24th Ward candidates headed to April runoff.
Cinespace Chicago adds 100K sq. ft. of production space as filming Its how we build something beyond facilities, develop a stronger, more diverse workforce, broaden educational platforms, change the narrative behind the camera, and affect meaningful change to create a more vibrant industry. 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. Separately, plans were announced in May for a $60 million soundstage project on the South Side spearheaded by film producer Derek Dudley and Loop Capital Chairman and CEO James Reynolds Jr. That studio, if it comes to fruition, will be called Regal Mile Studios and be located in the vicinity of South Stony Island Boulevard, East 77th Street and South Chicago Avenue. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. Pascal Sabino 1:39 PM CST on Nov 12, 2021 Force will 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. 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 family that owns the Cinespace soundstages where - Chicago Tribune Were expanding beyond our workforce development program in Chicago to Toronto so stay in touch for updates. Chicago is an entity of its own. Cinespace Toronto VP Jim Mirkopoulos added, The family is incredibly proud of our track record catalyzing economic activity and jobs in Ontario and Illinois, inspiring countless York University and DePaul University film students, and providing the best possible spaces and services to our clients, including for many award-winning projects.
News about the Studio and Production Facility Industry | Cinespace They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended.
TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. To learn more, please refer to the cookie policy. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. Cinespace furthers their vision to build a premier global production platform Reel Chicago News Cinespace Studios announced a series of key leadership changes at Studio Babelsberg, a leading German film studio majority owned by Cinespace. Returning series filming at the Chicago campus include Chicago Fire, Season 9; Chicago P.D., Season 8; Chicago Med, Season 6; and The Chi, Season 4; South Side, Season 2; and The Big Leap. 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 . They have been the source of incredible Canadian content and a steady job creator for the City and Province. "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. Box Office: Michael B. 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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. The Midwests production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial building near its main campus to expand its footprint and bring more stages online for the busy content creation industry. 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. You can accept the use of cookies or other identifiers by closing or clicking the accept button. 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What to watch. ft. of what use to be the old Ryerson Steel Company. 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.
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