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. Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. Cinespace sold to buyout firm in deal reportedly worth $1 billion For 10 years, the majority of TV and movie projects in Chicago have been filmed at Cinespace Chicago Film Studios, the soundstage complex in North Lawndale. TPG is bullish on the Chicago film scene as well. Cinespace Chicago Film Studios | Chicago IL - Facebook 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. Its a done deal! said Pissios. Subscribe for full access to The Hollywood Reporter. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. Friday April 20 2018. Cinespace Chicago specializes in the development, management and operation of studio facilities. 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. (Brian Cassella / Chicago Tribune). 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. The results of that poll, in a word: Oof. Cinespace is up and rolling with 4 new series and more Reel Chicago News 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. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway Egan and Gee are accomplished executives who have significant experience building and scaling businesses. 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 Studios Chicago and Toronto aquired by TPG Real Estate in $1 Cinespace Chicago specializes in . They have been the source of incredible Canadian content and a steady job creator for the City and Province. Subscribe:Sign up for our FREE e-lert here. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. 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. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. During the waning days of Gov. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. Expanding the states capacity for television and media production will create opportunities for countless Illinoisans including the job training and apprenticeship programs that have been hallmarks of Cinespaces efforts in Illinois. General Inquiries 773.521.8000 studioinfo@cinespace.com Sign up for our Eat. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. 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. Cinespace Chicago Film Studio Arts & Culture. 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. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Email Newsroom@BlockClubChi.org. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. ft. of what use to be the old Ryerson Steel Company. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; The studio was acquired by TPG Real Estate in a deal announced Friday. 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. Stay on top of the latest film, TV, advertising, entertainment and production news! We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. The deal includes both the Chicago and Toronto locations, which have more than 50 soundstages combined. I cringe when I hear our town referred to as Hollywood in Chicago. and Cassels Brock & Blackwell LLP served as legal counsel to Cinespace. New programs scheduled to film at Cinespace Chicago Film Studios this spring include Lightyears, 61st Street, Power Book IV: Force, and Paper Girls. Chicago is an entity of its own. Media Contact To ensure the most secure and best overall experience on our website, we recommend the latest versions of. media@tpg.com TPG is bringing in its own team. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. Cinespace Studios in Chicago has 33 stages, with 15 more under development. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. TPGs investment will expand these efforts and provide more jobs for Illinois, one of the many reasons why we feel they are the right fit to take on the business.. Upon taking office, Quinns Republican successor Bruce Rauner, demanded Cinespace return the grant money following a Chicago Sun-Times investigation that showed that the parcels Cinespace had intended to buy were not for sale. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios 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. Jane Williamson joins Cinespace as Head of Studio Operations Eastdil Secured provided financing advisory to TREP for the transaction. "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. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. 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). Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Skip to content About Us Locations CinecaresNews Contact Log In Cinespace Chicago Cinespace Toronto CineCares is how we support, promote, and engage local communities. A judge ordered Steven Montano, 18, to be held without bail at a Friday hearing as he faces a murder charge in the slaying of officer Andrs Mauricio Vsquez Lasso. 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. Chicago has a compelling, beautiful cityscape with so much potential. I am thrilled to see this acquisition expand out capability for content creation and look forward to the jobs and productions it will bring to our region.. 24th Ward candidates headed to April runoff. According to the news release, TPG plans to expand upon the program, but did not provide further details. Pascal Sabino 1:39 PM CST on Nov 12, 2021 Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. The indie studio operator was founded by the Toronto-based Mirkopoulos family in 1988, and the Chicago campus was launched in 2010. Thank you Alex for being the best ambassador this film community could ask for. PDF Ever more enticing tax credits, locations renaissance in Chicago and 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. 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. 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. The Hollywood Reporter is a part of Penske Media Corporation. Cinespace Chicago Film Studios Welcomes New Productions, Expands From Road to Avonlea to Best Picture Oscar winner Chicago, Pompeii and The Strain, Cinespaces model of large, functional spaces and expert client service continues to make Toronto and Cinespace the premier destination for film and TV production in Canada. TPG was founded in 1992 and now has approximately $108 billion of assets under management with investment and operational teams in 12 offices around the world. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. Alex Pissios has confirmed that Cinespace Chicago Film Studios and Cinespace Toronto, the amazing empire that he and his uncle Nick Mirkopolous built on a dream, has been sold to TPG Real Estate, a West Coast based global alternative asset manager. The Chicago studio opened in 2010. On a personal note, the Chicago film community, the recipients of the CineCares Foundation, the Pilsen neighborhood, and the City of Chicago, owe a huge debt of gratitude to Uncle Nick Mirkopolous, Alex Pissios, and the entire Mirkopolous family for having the foresight, determination, talent, expertise, faith, and vision to raise up the Chicago film industry when others have tried and failed. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. 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. 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. CineCares Foundation, which was founded by Cinespace Chicago, aims to provide job training and education in the TV and film industry to underserved communities. Learn More Cinespace Toronto 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. ft. of what use to be the old Ryerson Steel Company. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a streaming content boom. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. J.B. Pritzker. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. DOWNLOAD THE FOX 32 NEWS APP. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. Cinespace | Film Studio Locations, Production and Sound Stage Facilities I am thrilled to see this acquisition expand our capability for content creation and look forward to the jobs and production it will bring to our region.. 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. 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. 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 . The story centers around four 12-year-old girls who deliver newspapers. Much Shelist P.C. Box Office: Michael B. Jordans Creed III Grabbing Title With Series-Best $51M Opening, Lionsgate Dealmakers Michael Burns, Brian Goldsmith Extend Contracts, Jefferson White, Adeline Rudolph Join Hellboy Movie The Crooked Man, Jonathan Krisel in Talks to Direct Pokmon: Detective Pikachu Sequel, Zedd's Striking Beverly Hills Mansion Finally Sells to Kenya Barris, Jennifer Lopez Lists Bel Air Mansion for $42.5M Complete With an Outdoor Amphitheater for Home Concerts, John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit, Rupert Murdoch, Fox Corp. Sued For Sharing Bidens Presidential Ads Before They Aired, Paramount Will Pay $122.5M to Settle CBS-Viacom Merger Lawsuit, A24 Buys Off-Broadways Cherry Lane Theatre, Pay TV and Cable Providers Lost 5.8M Subscribers in 2022, Star Hairstylist Jen Atkin Reveals Must-Have Hair Tools, Tutorials and Pro Tips In New MasterClass, Rihannas Puma x Fenty Is Coming Back Heres Where You Can Still Buy Those Cult-Fave Creepers, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, The Big Lebowski Turns 25: People Didnt Get It, Jeff Bridges Recalls, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. Your fullest creative potential. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. Sign up for our free elert here. Lightyears will premiere exclusively on Amazon Prime Video. The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. 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. Cinespace Chicago Film Studio campus in North Lawndale. 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. One of the most storied studio complexes in the world, offering 21 sound stages rich in history, with vast production facilities and second-to-none production services that have been utilized by legendary filmmakers. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Block Club Chicago is a nonprofit news organization dedicated to . //]]> This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. 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.. 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 Chicago's West Side. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. 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. 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. 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.. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. Stay on top of the latest advertising, film, TV, entertainment and production news. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. ", The Honourable Doug Ford, Premier of Ontario, said: Since launching in 1988, Cinespace has been a pillar of Torontos world class entertainment industry. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. The family that owns the Cinespace soundstages where - Chicago Tribune Cinespace Chicago Film Studios Being Sold For $1 Billion The two are not related. Cinespace Chicago Film Studios | LinkedIn Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. CHICAGO, April 21, 2021 (GLOBE NEWSWIRE) -- The film industry in Chicago is back up and rolling! An effort to help diversify TV and film crews, CineCares has created a meaningful (and paid) foot in the door for people of color. J.B. Pritzker welcomed Cinespaces new owners and said in a statement he was pleased the firm would expand the states capacity for television and media production will create opportunities for countless Illinoisans including the job training and apprenticeship programs that have been hallmarks of Cinespaces efforts in Illinois.. 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. Cinespace intends to grow its employee base at each studio as a result of the transaction. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. To learn more, please refer to the cookie policy. News about the Studio and Production Facility Industry | Cinespace Alexander Pissios, President of Cinespace Chicago Film Studios joins Steve Bertrand on Chicago's Afternoon News to talk about his plan to expand its studios by 50% by the end of 2021. The soundstages for Dick Wolf's 'Chicago Fire' and Netflix's 'Umbrella Academy' have been picked up by the real estate investor amid a . The pop-up runs Friday through the end of March. 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. State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. 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 . Polling Place: Is Patrick Kane the greatest Blackhawk ever. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. 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 is the second largest independent sound stage platform in North America with best-in-class studio campuses. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative Studio Babelsberg Honored as Treasure of European Film Culture, Cinespace to Expand Production Infrastructure in Port Lands to Better Serve Toronto, Hollywoods Streaming Gold Rush Keeps Ontario Soundstages at Full Capacity. TPGs investment will expand these efforts and provide more jobs for Illinois.. Sign up for our free elert here. Watch. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. newsletter here. 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. Launched in Chicago in 2010 by the Pissios family, Cinespace Chicago operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres near Douglass Park. 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. 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. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. The deal also involves studio space owned by Cinespace in Toronto. What to eat. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. It was a stunning rebuke. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. Im around for six more months. After that, Alex and the other members of the family owned business will no longer be involved in the operation. J.B. Pritzker said in the TPG statement. To learn more, please refer to the cookie policy. Chicago's then-Mayor Rahm Emanuel announced the job creation and his appreciation for Cinespace at a news conference on Sept. 1, 2015. Kirkland & Ellis LLP and Davies Ward Phillips & Vineberg LLP served as legal counsel to TREP. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. 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.
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