I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . Cinespace Chicago Film Studios Welcomes New Productions, 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. 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. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created, said Alex Pissios, president and CEO of Cinespace Chicago. Monique Scott, 51, said she is preparing to fight for the neighborhood she was raised in. With all precincts reporting, Monique Scott won 45.4 percent of the vote in a crowded field, while challenger Creative Scott had 12.6 percent. In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. PDF Ever more enticing tax credits, locations renaissance in Chicago and An effort to help diversify TV and film crews, CineCares has created a meaningful (and paid) foot in the door for people of color. Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. Life on a third straight one-year contract with the mega-talented Astros isnt bad at all. 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. Jones Lang Lasalle served as financial advisor to TREP. It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 2621 West 15th Place Chicago, Illinois 60608 Recent News About Cinespace Chicago Appeals panel turns out lights on Chicago film studio's antitrust suit vs IL Film Office By Scott Holland | Friday, Oct 18, 2019 @ 12:27pm. 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. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Chicago is not trying to be Hollywood. Forceis set on Chicagos South Side and stars Chicago Northwest Side native Joseph Sikora and also welcomes Anthony Fleming (Prison Break) and Lucien Cambric (Chicago PD) to the show. Cinespace Studios in Chicago has 33 stages, with 15 more under development. Cinespace Chicago Film Studios Being Sold For $1 Billion We are thrilled to have the opportunity to expand on their vision by building a best-in-class studio platform that serves the creator community and drives job growth in Toronto, Chicago, and beyond, continued Jacob Muller, Managing Director at TREP. how interested you are in the Fire, whose season begins Saturday against New York City FC at Soldier Field. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. The two are not related. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing partners and COO and CFO, respectively. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace He was so successful in this endeavor that CineCares created 7,500 new jobs. The Toronto studio launched in 1988. For more information, visit www.tpg.com. 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. 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). To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. This courtroom drama follows a promising black high school athlete who is swept up into the Chicago criminal justice system. Returning series filming at the Chicago campus include Chicago Fire, Season 9; Chicago P.D., Season 8; Chicago Med, Season 6; and The Chi, Season 4; South Side, Season 2; and The Big Leap. The Midwest's production hot spot and second-largest film studio outside of Los Angeles in North America, recently added another 105,000 square foot industrial . This timely and provocative drama is set against the systemic abuse that exists in some of our countrys most vulnerable communities. The combined Cinespace Chicago and Toronto film studios, founded by the Mirkopoulos and Pissios families, are the largest soundstage in the United States outside of Hollywood. 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. What to watch. A judge ordered Steven Montano, 18, to be held without bail at a Friday hearing as he faces a murder charge in the slaying of officer Andrs Mauricio Vsquez Lasso. 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. TPG Real Estate Acquired Cinespace Studios In Chicago And - Deadline The film studio's sale is expected to accelerate the growth of Chicago's film industry and bring more production jobs to the area, new owners said. The deal also involves studio space owned by Cinespace in Toronto. Cinespace Chicago Film Studios, the second-largest film studio outside of Los Angeles in North America, is pleased to welcome several new productions to its growing campus as the Studios continue to strictly follow health and safety best practices from the CDC and Illinois Guidance. Cinespace intends to grow its employee base in Chicago and Toronto, officials said. Cinespace furthers their vision to build a premier global production Cinespace intends to grow its employee base at each studio as a result of the transaction. 3.6 million square feet. 1448 S Rockwell St Chicago, IL 60608 - Alquileres en Chicago, IL DOWNLOAD THE FOX 32 NEWS APP. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios Consumer appetite for original content is a growing secular trend 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, said Avi Banyasz, partner and co-head of TPG Real Estate, in a statement. Cinespace Chicago Film Studios specializes in the Development, Management & Operation of Studio Facilities. 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. Terms of the transaction were not disclosed. 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. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. Carrie Austin Resigns from City Council After 29 Years in Office, Why Will County Residents Are Fighting a Major Logistics Hub and Why Backers Say Its Needed, Control of Chicago City Council Up for Grabs as Aldermanic Runoffs Loom. Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. Federal authorities made secret recordings at Cinespace Chicago Film Studios as part of an investigation into a Teamsters union boss who last month was charged with extorting the business, the . Sign up for our free elert here. They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended. 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. Cinespaces flagship studio campus on Kipling Avenue in Toronto has played host to shoots for Reign, Beauty and the Beast, Goon: Last of the Enforcers and 12 Monkeys. 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. Terms of the deal, and the purchase price, were not mentioned in the release. Forcewill 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. Keith Gee, of LifeStorage, will become another co-managing partner and CFO. Got a story tip? Bridgeport bank failure fallout: Washington Federal Bank for Savings Feds' mole's disappearing debt - Chicago Sun-Times Pissios was not able to disclose the terms of the deal, but it is understood from a source close to the transaction that TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. Cinespace Studios announces that Jane Williamson will join the company as Head of Client Services & Studio Operations in Chicago.Nick Pissios will be leaving the position.. Jane was most recently Production Supervisor on season 2 of Lionsgate TV's Power Book IV: Force and Legendary Entertainment's Night Sky. Sources: Feds made recordings at Cinespace Chicago - Chicago Tribune State grants heavily financed Cinespaces expansion into Chicago under Pissios uncle, Nick Mirkopoulos, who founded Cinespace in Toronto in the 1980s. For 10 years, the majority of TV and movie projects in Chicago have been filmed at Cinespace Chicago Film Studios, the soundstage complex in North Lawndale. With 42 sound stages on its 2.2 million square foot main campus in Chicago's North Lawndale neighborhood and additional studios at 31st and Kedzie, Cinespace is the largest film studio outside of California. TPG is bringing in its own team. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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.. Subscribe for full access to The Hollywood Reporter. As a Cinespace executive, Pissios also wore a wire on former Teamsters boss John Coli Sr., who pleaded guilty to extorting more than $300,000 from the company to maintain labor peace at the studio. Illinois has a 30% tax credit that. I am thrilled to see this acquisition expand our capability for content creation and look forward to the jobs and productions it will bring to our region. Chicago, Illinois, United States . Cinespace Chicago Film Studios welcomes several new productions to its growing campus. 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. Cinespace Studios Sold to Private Equity Firm | Chicago News | WTTW One of the projects launched under Pissios tenure is a pipeline program called CineCares. 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. Detectives were questioning a person who was inside the home at the time. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. I cringe when I hear our town referred to as Hollywood in Chicago. Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. (StockSnap / Pixabay). Netflix launching a production hub in Toronto by locking up eight soundstages four each at Pinewood Toronto Studios and Cinespace Film Studios in turn sparked a local space race by Hollywood streaming giants scrambling for soundstages on which to create new high-quality film and TV content. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 At the Intersection of advertising, TV, film and production. Gov. . A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. newsletter here. Today's news is good news for Cinespace Studios, our city, and our thriving film sector. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. 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. 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. 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. Productions ramped back up once the city reopened in June. Email Newsroom@BlockClubChi.org. Founded by the Mirkopoulos family in Toronto together with the Pissios family in Chicago, Cinespace specializes in the development, management, and operation of studio space and support facilities for the film, television, and digital media production industry. Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. The Midwest's production hot spot 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. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. After a Covid-19 hiatus, Chicago's film industry is back up and running, with local film studio Cinespace Chicago adding more than 100,000 square feet of production space to keep up with demand. Keep up to date with our latest industry news, from across the world. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. Cinespace Studios Sold for $1.1B to TPG Real Estate. With the city at capacity, having a private equity firm running Cinespace could lead to growth. Having Chicago as acritical link to providing not only quality entertainment, but also good-paying jobs in our community makes all the extra effort to help production companies keep filming worth it.. Follow Your Favorite Chicago's Afternoon News Personalities on Twitter:Follow @SteveBertrand Follow @kpowell720 Follow @maryvandeveldeFollow @LaurenLapka person to lead the city, failed to advance to a runoff, earning just 17 . Chicago has always been a major player in film and TV production, but truth be told, this family took it to a whole new level. The release does not mention any role for Cinespace President and CEO Alex Pissios, whose run as the head of Cinespaces Chicago operation has seen the company expand into the citys premier studio space and purportedly the largest film campus east of California. The program has provided training to local youth and young adults, giving its apprentices the opportunity to work on Cinespace Chicago campus productions. We also wanted to know or did we? This website uses cookies or other identifiers, which are necessary for its functioning. window.__mirage2 = {petok:"GL3.c8oBr.U4p6a6d_QPYkkKQ28t0k7.ps5ff2XyKPQ-1800-0"}; Cinespace Chicago specializes in . This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. ft. of what use to be the old Ryerson Steel Company. As production begin to ramp back up the studio continues to strictly follow health and safetybest practices from the CDC andIllinois Guidance. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Cinespace Chicago Film Studios announces huge expansion by the - WGN In true business news nerd fashion, I wanted to find a Valentine's Day angle . 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. Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. Chicago has a compelling, beautiful cityscape with so much potential. Contact Heather Cherone:@HeatherCherone| (773) 569-1863 |[emailprotected]. Pat Quinns administration in 2016, Cinespace sought a $15 million state grant to buy real estate to expand its footprint, later reducing the request to $10 million. Crains Chicago Business reported the sale price as $1.1 billion. The results of that poll, in a word: Oof. CineCares is how we support, promote, and engage local communities. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. News about Cinespace Chicago | Cook County Record 2023 The Hollywood Reporter, LLC. Cinespace Chicago Film Studios | LinkedIn Media Contact Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on campus. According to the news release, TPG . 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. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Key developments evolving in sale of Brauer Museum artwork by Valparaiso University, Its Chicagos fake birthday: Here are 30 essential foods and drinks to celebrate, from Rainbow Cone to Malrt, Carol Stream man, 35, dies in custody at Cook County Jail, officials say, Do Not Sell/Share My Personal Information. At the Intersection of advertising, TV, film and production. 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. This website uses cookies or other identifiers, which are necessary for its functioning. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. General Inquiries 773.521.8000 studioinfo@cinespace.com media@tpg.com Cinespace | Film Studio Locations, Production and Sound Stage Facilities Box Office: Michael B. Jordans Creed III Grabbing Title With Series-Best $51M Opening, Lionsgate Dealmakers Michael Burns, Brian Goldsmith Extend Contracts, Jefferson White, Adeline Rudolph Join Hellboy Movie The Crooked Man, Jonathan Krisel in Talks to Direct Pokmon: Detective Pikachu Sequel, Zedd's Striking Beverly Hills Mansion Finally Sells to Kenya Barris, Jennifer Lopez Lists Bel Air Mansion for $42.5M Complete With an Outdoor Amphitheater for Home Concerts, John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit, Rupert Murdoch, Fox Corp. 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Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. Cinespace Chicago Film Studio | Enjoy Illinois Leslie Shribman and Courtney Power //
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