Breaking News         Latest US News              New York News              Fx Tribune

How to Deal With German Shepherd Aggression
One of Hollywood’s oldest film studios is being acquired by Los Angeles real estate company Hudson Pacific Properties Inc., which already owns two other historic studios in the area.Hudson Pacific will pay $200 million for Hollywood Center Studios, according...

Historic Hollywood film studio where 'I Love Lucy' was shot being acquired by Hudson Pacific

One of Hollywood’s oldest film studios is being acquired by Los Angeles real estate company Hudson Pacific Properties Inc., which already owns two other historic studios in the area.Hudson Pacific will pay $200 million for Hollywood Center Studios, according...

Historic Hollywood film studio where 'I Love Lucy' was shot being acquired by Hudson Pacific

One of Hollywood’s oldest film studios is being acquired by Los Angeles real estate company Hudson Pacific Properties Inc., which already owns two other historic studios in the area.

Hudson Pacific will pay $200 million for Hollywood Center Studios, according to a document filed Monday with the federal Securities and Exchange Commission.

The independent studio on Las Palmas Avenue was founded in 1919 and was used to shoot such television shows as “I Love Lucy,”  “The Addams Family” and “The Beverly Hillbillies.”

Movies including “The Karate Kid,” “When Harry Met Sally” and “Misery” were filmed on the lot, which still rents out soundstages and other production facilities.

Director Francis Ford Coppola owned the lot in the early 1980s but sold it to Canadian real estate developers — the Singer family — after encountering financial difficulties.

Hollywood Center Studios has about 369,000 square feet of facilities on 15 acres. Hudson Pacific estimated in its filing that it could develop an additional 575,000 square feet on the lot.

Hudson Pacific has already developed parts of its other studios in Hollywood: Sunset Gower Studios and Sunset Bronson Studios. The largest addition so far was a recently completed 14-story, 323,000-square-foot office building on the Sunset Bronson lot that has been leased to Netflix Inc.

The seller of Hollywood Center Studios is Studio Management Services Inc. The deal is expected to close in the second quarter. 

Hudson Pacific, a publicly traded real estate investment trust, also filed documents Monday for a public offering of 8.5 million shares of stock intended to raise much as $338 million, some of which would be used to fund acquisitions.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

President Trump to address Congress tonight, a PwC accountant is at the center of the Oscars gaffe, remembering the 1997 North Hollywood shootout, and the real goal of Trump's executive orders.

Watch a time-lapse of the 89th Academy Awards red carpet in two minutes.

Watch a time-lapse of the 89th Academy Awards red carpet in two minutes.

Construction begins on a new $1.6-billion terminal at Los Angeles International Airport. (Mark Boster / Los Angeles Times)

Construction begins on a new $1.6-billion terminal at Los Angeles International Airport. (Mark Boster / Los Angeles Times)

Oscars Red Carpet Full Interview: Trevante Rhodes

Oscars Red Carpet Full Interview: Trevante Rhodes

"Moonlight" won the best picture Oscar after a botched announcement threw the ceremony into chaos.

"Moonlight" won the best picture Oscar after a botched announcement threw the ceremony into chaos.

roger.vincent@latimes.com

Twitter: @rogervincent

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

banner30
Most Australians support legalize gay marriage
Most Australians support legalize gay marriage
At least five dead in a shootout in California
At least five dead in a shootout in California
Members of the MS-13 band recorded the torture and murder of a teenager in Virginia
Members of the MS-13 band recorded the torture and murder of a teenager in Virginia
At least three dead in a shootout in California
At least three dead in a shootout in California
Rafael Nadal-David Goffin Live
Rafael Nadal-David Goffin Live
Trump provokes a scene by not knowing how to make a traditional greeting with Asian leaders
Trump provokes a scene by not knowing how to make a traditional greeting with Asian leaders
The British Parliament will have to endorse the Brexit agreement
The British Parliament will have to endorse the Brexit agreement
Poland vs. Mexico live, friendly international
Poland vs. Mexico live, friendly international
The CUP is overwhelmingly deciding to attend the 21-D autonomous elections
The CUP is overwhelmingly deciding to attend the 21-D autonomous elections
General Electric cuts the dividend for the third time in its history
General Electric cuts the dividend for the third time in its history
So is the announcement of the Christmas lottery 2017
So is the announcement of the Christmas lottery 2017
Zero-sum games
Zero-sum games
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES