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
Historic movie lot that gave Studio City its name to get $1-billion makeover, Los Angeles Times
Historic Radford Studio Center Set For $1 Billion Expansion; Room For 20-25 New Soundstages, Deadline