24th Ward candidates headed to April runoff - Austin Weekly News Our clients create groundbreaking films and television. "Jane has worked on the Cinespace lot for many years in several different roles and understands the needs of a production and the Chicago film and TV community," Egan says in a release. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. Subscribe to Block Club Chicago,an independent, 501(c)(3), journalist-run newsroom. At the Intersection of advertising, TV, film and production. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Consumer appetite for original content is a growing secular tend that has accelerated through the pandemic, leading to a dramatic increase in the demand to produce new films and television, and in turn, a surge in the need for studio space, TPG co-head of Real Estate Avi Banyasz said in the statement. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . Gov. 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.. 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 companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains [CDATA[ CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. Email Newsroom@BlockClubChi.org. Monique Scott needed more than 50 percent of the vote to avoid a runoff. Sign up for our free elert here. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Illinois offers production companies 30% tax credits on production costs and on salaries up to $100,000 through 2026. Cinespace is building a Hollywood-style studio - Time Out Chicago //]]> 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. Industry veteran Eoin Egan, who most recently was head of production services at Netflix, will join Cinespace as chief operating officer and a co-managing partner. TREP plans to expand the work done by the CineCares Foundation, a platform founded by Cinespace in Chicago in partnership with key productions on site to provide job training and education to underserved communities. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. 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.. 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. Last year, he secured $21 million in financing for the first phase of a $76 million project to develop property along Ogden Avenue with the CHA and other partners, a proposal Pissios filed while also negotiating his deal with federal prosecutors. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. In true business news nerd fashion, I wanted to find a Valentine's Day angle . The story centers around four 12-year-old girls who deliver newspapers. 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. Cinespace Chicago Film Studio campus in North Lawndale. You can accept the use of cookies or other identifiers by closing or clicking the accept button. 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. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. Clickhereto support Block Clubwith atax-deductible donation. 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. Sign up for our Eat. Chicago is not trying to be Hollywood. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. 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. Zach Long. 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. Watch. Chicago is an entity of its own. Website. 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). For more information, visit www.tpg.com. Jones Lang Lasalle served as financial advisor to TREP. During the waning days of Gov. Bridgeport bank failure fallout: Washington Federal Bank for Savings Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Poles needs to make sure Eberflus maintains significant input. 2023 The Hollywood Reporter, LLC. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. I look forward to partnering with TPG to continue growing this critical industry and seeing what Illinois talent and infrastructure inspires in creatives across our state., Chicago Mayor Lori E. Lightfoot continued: "Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. The studio has about 33 sound stages and recently announced it will add up to 19 more soundstages to its campus. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. TPG is bringing in its own team. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. 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. Cinespace is up and rolling with 4 new series and more Reel Chicago News It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. Based on the comic book series by Brian K. Vaughan,Paper Girls is an Amazon series created by two studios, Legendary Television and Plan B, and written by Stephany Folsom, who previously worked onToy Story 4andThor: Ragnarok. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. ft. of what use to be the old Ryerson Steel Company. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. Since its inception in 2009, TREP has built a differentiated investment portfolio comprised primarily of real estate-rich platforms and portfolios located in the United States and Europe. Mirkopoulos and Pissios, with help from Coli and Teamsters lobbyists, were able to secure millions in state funds to acquire the 60-acre site of the former Ryerson Steel and convert it into studio space. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. Cinespace Chicago Film Studio Arts & Culture. 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(Brian Cassella / Chicago Tribune). Cinespace furthers their vision to build a premier global production Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Terms of the transaction were not disclosed. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. In Toronto, Cinespace Film Studios was founded in 1988 by highly revered, (Uncle) Nick Mirkopolous. Cinespace Studios Sold to Private Equity Firm | Chicago News | WTTW Jane Williamson joins Cinespace as Head of Studio Operations The largest provider of sound stages and production support in the region, at 1.4 million square feet - with a total of 29 stages over three major campuses, including purpose built stages with 45 clear heights. Cinespace intends to grow its employee base at each studio as a result of the transaction. 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. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . In addition to film production, the campus is home to Stage 18 Chicago, a 501(c) 3 organization and incubator established to retain and grow talent in Chicago. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. Keith Gee, of LifeStorage, will become another co-managing partner and CFO. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. 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.. 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, continued Alex Pissios, President and CEO of Cinespace Chicago. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm 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. 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. Cinespace | Film Studio Locations, Production and Sound Stage Facilities Your fullest creative potential. (Colin Boyle/Block Club Chicago) Voters will decide who of the two contenders will take the 24th Ward's aldermanic seat in the April runoff after Monique L. Scott only secured . As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. Chicago Fire, Chicago P.D. and Chicago Med have been the longest tenants at Cinespace, which has over 2 million square feet of space and is located on the campus of the old Ryerson Steel Company on the citys West Side. Thank you Alex for being the best ambassador this film community could ask for. 24th Ward candidates headed to April runoff. The deal also involves studio space owned by Cinespace in Toronto. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. 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. This website uses cookies or other identifiers, which are necessary for its functioning. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespaces operations in Chicago and Toronto. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. News about the Studio and Production Facility Industry | Cinespace General Inquiries 773.521.8000 studioinfo@cinespace.com Contact | Cinespace The Hollywood Reporter is a part of Penske Media Corporation. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. The acquisition is expected to accelerate the growth of Chicagos thriving film industry and bring more production jobs to the area, said Avi Banyasz, co-head of TPG Real Estate. Stay on top of the latest film, TV, advertising, entertainment and production news! Teagan Pompa - Senior Studio Technician - Cinespace Chicago Film News about the Studio and Production Facility Industry | Cinespace News and industry updates about Cinespace, as well as the entire industry devoted to filming locations, production facilities, and studio space. Force will follow Tommy Egan (Joseph Sikora) as he turns his back on New York and heads to Los Angeles through Chicago to take on the Irish mob. 3.6 million square feet. TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline Do. Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com The results of that poll, in a word: Oof. According to the news release, TPG . Cinespace Chicago specializes in . Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. 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. I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. The film operation at The Fields would be a smaller version of the Cinespace Chicago Film Studios campus on the West Side, where TV shows and movies are filmed and produced. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; Cinespace Chicago adds 100K sq. ft. of production space as filming A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. The comic book series will bring a lot of excitement to the small screen exploring everything from time travel between different centuries, future versions of characters, and the question of whether or not the past can or should be changed by time travelers. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. 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. Block Club Chicago is a nonprofit news organization dedicated to . Feds' mole's disappearing debt - Chicago Sun-Times The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. He has the pedigree, too: his grandfather Bob was a left tackle and offensive captain on Packers teams that won five NFL championships from 1961-67. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. The studio was acquired by TPG Real Estate in a deal announced Friday. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. Cinespace furthers their vision to build a premier global production platform Reel Chicago News Cinespace Studios announced a series of key leadership changes at Studio Babelsberg, a leading German film studio majority owned by Cinespace. The family that owns the Cinespace soundstages where - Chicago Tribune The acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. CHICAGO (CBS) --Ald. The company launched in Toronto in 1988 and today operates 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. Subscribe:Sign up for our FREE e-lert here. What you need to live your best life now. Chicago's then-Mayor Rahm Emanuel announced the job creation and his appreciation for Cinespace at a news conference on Sept. 1, 2015. Much Shelist P.C. 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. Got a story tip? Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. 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, Cinespace Studios Announces Updates to Platform Following Annual General Meeting at Studio Babelsberg, Cinespace Names Andy Weltman Co-CEO of Legendary Studio Babelsberg, Illinois Shatters Record for Film Production Revenues at $630 Million in Economic Impact, Chicago Public Servant Michael Scott Jr. to Join Cinespace Studios as Director of Industry and Community Relations, Cinespace and York University Commit $3.12 Million to Motion Media Studio for Students, Illinois Film Production Tax Credit Expanded. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. 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. 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. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 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. The city's (non) voters are not a monolith but crowded races and low awareness could be keeping them home, voting organizers say. On Friday TPG Real Estate Partners, the real estate arm of the private equity firm TPG, announced plans to acquire Cinespace, the family-run business where the Dick Wolf shows for NBC film. (StockSnap / Pixabay). Cinespace announced in April plans to add 16 sound stages to its campus on the citys Southwest Side, with Pissios at the time telling Crains that the studio had to turn away projects, and that the expansion would add some 1,200 jobs in the local film industry. Sign up for our free elert here. Power Book IV: Force, the third spin-off of the popular Starz Power series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. Cinespace also has a significant presence in Toronto. This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. It is home to Dick Wolfs Chicago-set shows, including the One Chicago series, and Showtimes The Chi.. Illinois has a 30% tax credit that. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. Cinespace Toronto VP Jim Mirkopoulos added, The family is incredibly proud of our track record catalyzing economic activity and jobs in Ontario and Illinois, inspiring countless York University and DePaul University film students, and providing the best possible spaces and services to our clients, including for many award-winning projects. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. 415-743-1550, Internet Explorer presents a security risk. Lightyears will premiere exclusively on Amazon Prime Video. Media Contact 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. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. You can accept the use of cookies or other identifiers by closing or clicking the accept button. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka 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. What to eat. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. It was a stunning rebuke. Detectives were questioning a person who was inside the home at the time. 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. media@tpg.com They will find no better place in Canada to do business and we are excited and confident in the future of Cinespace., Toronto Mayor John Tory added: "Toronto continues to be a leader in film and TV and that has been made possible through investments from leading companies who see the value and potential in our city and our residents. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. What to watch. 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. 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. Eoin Egan, who served as the head of production services at Netflix, will serve as the chief operating officer of Cinespace, officials said. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. PDF Ever more enticing tax credits, locations renaissance in Chicago and Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. 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.