Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. (StockSnap / Pixabay). Cinespace Chicago specializes in the development, management and operation of studio facilities. 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. A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential. #mc_embed_signup{background:#fff; clear:left;width:100%;font-weight:normal;}, Beyond Chicago from the Air with Geoffrey Baer, The Great Chicago Fire: A Chicago Stories Special, Surviving R.Kelly: Final Installment Examines Trial and More Details, Chicago Film Critics Break Down Sight and Sounds New Greatest Films of All Time List, Actor and Director Isaiah Washington Brings New Film to Chicago, Starstruck Memories from Chicago International Film Festival Founder, New Chicago-Set Film Highlights Citys Street Art Scene, After Unexpected Death of Her Husband, Naperville Woman Plans to Finish His Documentary, Venus and Jupiter Will Be Side by Side in Wednesdays Night Sky. 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. For more information, visit www.tpg.com. Jane Williamson joins Cinespace as Head of Studio Operations At the Intersection of advertising, TV, film and production. 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. 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. I want to thank TPG for their commitment and investment in Toronto and the future of Cinespace. Chicago is not trying to be Hollywood. 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. 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. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. The Chicago-based chain, which also has locations in Milwaukee, Minneapolis and Dallas, opened the Wicker Park location in 2017. Cinespace intends to continue growing its studio base following the transaction. 24th Ward candidates headed to April runoff - Austin Weekly News Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. Cinespace Chicago Film Studios shoots shows like "Chicago Fire" and "The Chi" at its North Lawndale campus at 2621 W. 15th Place. 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. Eoin Egan, who formerly worked as head ofproductionservices at Netflix, will be named Cinespaces new COO, according to Deadline. Cinespace Chicago Film Studios Welcomes New Productions, General Inquiries 773.521.8000 studioinfo@cinespace.com As The Hollywood Reporter noted in August: The studio lot industry is riding high on private equity money as investors bet that the busy facilities boosted by streaming projects will offer better returns than office towers.. 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. 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. Website. 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. He would later help his nephew, Chicago native Alex Pissios, open the North Lawndale branch in 2011, where Pissios has been president and CEO since. Cinespace Chicago Film Studios' sprawling 60-acre campus is located on the West Side, with the main studios at 2621 W. 15th Place in North [] 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. their facilities, and in 2011, Cinespace Chicago Film Studios opened on the 70-acre site of the former Ryerson steel complex. Clickhereto support Block Clubwith atax-deductible donation. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. The studio recently announced it will add up to 19 more soundstages to its campus, about 50 percent more than the studio already has. The productions will bring more than 200 300 new jobs per show to the campus and play a vital role in resurrecting the television and film industry in Chicago. ft. of what use to be the old Ryerson Steel Company. Cinespace sold to buyout firm in deal reportedly worth $1 billion 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. Teagan Pompa - Senior Studio Technician - Cinespace Chicago Film CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. The bar will host a flip cup tournament, trivia nights and, of course, a St. Patrick's Day bash. This website uses cookies or other identifiers, which are necessary for its functioning. . Productions ramped back up once the city reopened in June. 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. Pissios went on to be president of Cinespace Chicago Film Studios, the post he held when federal prosecutors accused him of failing to disclose all of his assets in his bankruptcy and got him to . The two are not related. 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. 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. Cinespace Chicago Film Studios - DePaul University Sep 2021 - Mar 2022 7 months. CHICAGO (CBS) --Ald. 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. 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. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed ONeill will star in the sci-fi drama. 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. Eastdil Secured provided financing advisory to TREP for the transaction. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visit ChicagoFilmStudios.com or CineCaresFoundation.org. Community has always been core to who we are at Cinespace, and I am deeply proud of the employment and education opportunities weve created. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto. Scott Vs. Scott: Ald. Monique Scott Headed To Runoff Against Creative Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. Separately, plans were announced in May for a $60 million soundstage project on the South Side spearheaded by film producer Derek Dudley and Loop Capital Chairman and CEO James Reynolds Jr. That studio, if it comes to fruition, will be called Regal Mile Studios and be located in the vicinity of South Stony Island Boulevard, East 77th Street and South Chicago Avenue. Its a done deal! said Pissios. 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. Were really happy to have the industry back in action on our campus, said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. 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. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series 61st Street at Cinespace Chicago Film Studios. J.B. Pritzker welcomed Cinespaces new owners and said in a statement he was pleased the firm would expand 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.. 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. All Rights Reserved. Consumer appetite for original content 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, Bantasz said. 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. Alex Pissios has confirmed that Cinespace Chicago Film Studios and Cinespace Toronto, the amazing empire that he and his uncle Nick Mirkopolous built on a dream, has been sold to TPG Real Estate, a West Coast based global alternative asset manager. 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. Cinespace Chicago Film Studios Being Sold For $1 Billion 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. I cringe when I hear our town referred to as Hollywood in Chicago. Stay on top of the latest advertising, film, TV, entertainment and production news. Having Chicago as a critical 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.". 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. Alex Pissios On the Future of Cinespace Chicago and His - News Anyway Watch. Cinespace is the second largest independent sound stage platform in North America with best-in-class studio campuses. The Cinespace brand is recognized. The series of film studio facilities occupy over 1 million square feet of studio, office and support space on over 40 acres of land. Cinespace Studios Chicago and Toronto aquired by TPG Real Estate in $1 "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. Cinespace is up and rolling with 4 new series and more Reel Chicago News The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and film industry. Detectives were questioning a person who was inside the home at the time. TPG Real Estate Acquires Leading Sound Stage Owner Cinespace Studios Keith Gee, of LifeStorage, will become another co-managing partner and CFO. I look forward to seeing Cinespace and the entire film sector in the city with all the jobs that rely on it continue to grow over the coming years.". In 2019, film and television productions generated $560 million in revenue and created more than 15,000 jobs in Illinois, before operations screeched to a halt during the COVID-19 pandemic. Cinespace Chicago Film Studios | LinkedIn Cinespace Chicago Film Studios is a family-owned company specializing in the development, management, and operation of studio space and support facilities for the film, television, and digital media production industry. Sign up for THR news straight to your inbox every day. During the waning days of Gov. 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. how interested you are in the Fire, whose season begins Saturday against New York City FC at Soldier Field. 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 . In true business news nerd fashion, I wanted to find a Valentine's Day angle . This timely and provocative drama is set against the systemic abuse that exists in some of our country's most vulnerable communities. One of the projects launched under Pissios tenure is a pipeline program called CineCares. On Tuesday, Mayor Lori Lightfoot of Chicago, the first Black woman and first openly L.G.B.T.Q. Leslie Shribman and Courtney Power 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. Box Office: Michael B. 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Cinespace Chicago Film Studios Being Sold For $1 Billion Austin, Garfield Park, North Lawndale Cinespace Chicago Film Studios Being Sold For $1 Billion 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. Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry, Gov. 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. This website uses cookies or other identifiers, which are necessary for its functioning. The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. Cinespace intends to grow its employee base at each studio as a result of the transaction. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. While making deliveries the day after Halloween, the girls become involved in a conflict between two groups of time travelers. Skip to content About Us Locations CinecaresNews Contact Log In Cinespace Chicago Cinespace Toronto 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. Chicago has a compelling, beautiful cityscape with so much potential. Every dime we make fundsreportingfrom Chicagos neighborhoods. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. Cinespace Chicago specializes in the development, management and operation of studio facilities, now home to the Dick Wolf One Chicago franchise of Chicago Fire, Med and P.D. By clicking below to submit this form, you acknowledge that the information you provide will be processed in accordance with our Privacy Policy. Chicago currently has one other soundstage facility, Chicago Studio City, which is considerably smaller. News about the Studio and Production Facility Industry | Cinespace Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. 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. 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. As part of Cinespace's commitment to the neighborhood, the family established CineCares Foundation to train and employ area residents through education and job training in TV & Film. One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. 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. The Cinespace brand is recognized around the world for the productions filmed on its premises by the most renowned content creation companies. Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. 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. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. Alexander Pissios, President of Cinespace Chicago Film Studios joins Steve Bertrand on Chicago's Afternoon News to talk about his plan to expand its studios by 50% by the end of 2021. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as co-managing. media@tpg.com (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 . The studio was acquired by TPG Real Estate in a deal announced Friday. 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. The deal, valued at $1 billion according to Crains Chicago Business, means the Pissios family of Chicago will no longer control the studio space they founded in 2011 with the aid of millions of dollars in state grants. Heres How to See the Dazzling Duo, Vallas and Johnson Headed to Chicago Mayoral Runoff, Lightfoot Denied Second Term, Indicted Ald. Cinespace | Film Studio Locations, Production and Sound Stage Facilities TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 According to Crains Chicago Business, TPG, in a statement, has confirmed that its TPG Real Estate Partners unit has made the acquisition. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Subscribe:Sign up for our FREE e-lert here. 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. Follow our newsletter to keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. 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. Polling Place: Is Patrick Kane the greatest Blackhawk ever. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. Opinion | The Spectacular Fall of Lori Lightfoot - The New York Times Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespaces operations in Chicago and Toronto. Cinespace in North Lawndale has hosted filming for TV shows like Empire and Chicago Fire for the past few years, but the Southwest Side complex will start to look . Crains Chicago Business reported the sale price as $1.1 billion. J.B. Pritzker said in the TPG statement. Terms of the deal were not disclosed, but its understood from a source close to the transaction that the real estate equity investment arm of asset firm TPG paid around $1.1 billion for Cinespace Studios in Chicago and Cinespace Toronto. Cinespace Chicago Film Studios welcomes several new productions to its growing campus. Sign up for our free elert here. 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. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. Every dime we make fundsreportingfrom Chicagos neighborhoods. About Us Locations CineCares News Contact Cinespace Chicago Cinespace Toronto Studio Babelsberg Cinespace We're the perfect partner for your next production. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! TPG Real Estate, a Texas- and California-based firm, bought the Chicago studio along with Cinespace Toronto for an estimated $1.1 billion, Deadline reports. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. 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. The family that owns the Cinespace soundstages where - Chicago Tribune 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. 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, said Jacob Muller, managing director at TPG Real Estate Partners. 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. For more information on programs filming at Cinespace Chicago Film Studios or for information on CineCares Foundation, please visitChicagoFilmStudios.com orCineCaresFoundation.org. Officials with TPG, a Texas- and California-based buyout firm, did not reveal how much it paid for Cinespace's operations in . 2023 The Hollywood Reporter, LLC. Today In The Culture, March 2, 2023: Duck Pop-Up | Lettuce Entertains