Breaking News         Latest US News              New York News              Fx Tribune

3 Powerful Products That Will Help You Heal
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
The Top 4 Things You Should Do If Charged With Driving Under the Influence
The Top 4 Things You Should Do If Charged With Driving Under the Influence
Dog Bites Owner and Woman at Reno Casino
Dog Bites Owner and Woman at Reno Casino
Charlottesville Suspect a Nazi Sympathizer, Known as Pro-Nazi
Charlottesville Suspect a Nazi Sympathizer, Known as Pro-Nazi
Endo Agrees to Set Aside $775M for Vaginal-mesh Lawsuits
Endo Agrees to Set Aside $775M for Vaginal-mesh Lawsuits
How Do The Customers Benefit from Coupons?
How Do The Customers Benefit from Coupons?
Trump's Goal of 15% Corporate Tax Rate Reaches Potential Snag
Trump's Goal of 15% Corporate Tax Rate Reaches Potential Snag
USDA Report Reveals the Trust Cost of Being a Dad
USDA Report Reveals the Trust Cost of Being a Dad
British Zookeeper Killed in “Freak Accident“
British Zookeeper Killed in “Freak Accident“
The most effective method to discover online news with monacart.com
The most effective method to discover online news with monacart.com
What is Google News?
What is Google News?
Is it Worth the 'Likes?' 3 Things Not to Do When Away on Vacation
Is it Worth the 'Likes?' 3 Things Not to Do When Away on Vacation
3 Facilities That Benefit the Most from Standby Power
3 Facilities That Benefit the Most from Standby Power
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES