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The economy is stalling, but Hollywood is still humming.

Amid historic demand for soundstage and studio space, Hackman Capital Partners(HCP) — owners of the 1.2 million-square-foot Radford Studio Center in Los Angeles, among many other properties — announced plans to modernize the 55-acre production campus and invest an estimated $1 billion in new facilities and operations. The plan calls for the addition of approximately 1 million square feet for 20 to 25 soundstages, as well as production office and support facilities, and general office space.

Read the Full Article in the Commercial Observer

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