Cinespace Chicago specializes in . Pissios cooperation earned him a non-prosecution deal with federal prosecutors on fraud charges tied to his 2011 personal bankruptcy. 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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Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. 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. Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. TPG Real Estate has a portfolio of some $5 billion in properties under management, according to the company website. Michael Scott Jr. (24th) is resigning from the City Council to take a job with Cinespace Studios, a West Side movie studio."Cinespace Studios is an important part of the local . 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. Thank you Alex for being the best ambassador this film community could ask for. 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. Poles needs to make sure Eberflus maintains significant input. Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. 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. To learn more, please refer to the cookie policy. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. 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. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. At the Intersection of advertising, TV, film and production. Keith Gee, of LifeStorage, will become another co-managing partner and CFO. 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. newsletter here. TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. This enterprise has been a true family business, and todays transaction marks another important milestone in our 33-year history. Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. CineCares creates pathways into the film industry for young people on the South and West Sides through job training, education and internships at Cinespace. 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. // 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. Subscribe to Block Club Chicago,an independent, 501(c)(3), journalist-run newsroom. I am thrilled to see this acquisition expand our capability for content creation, Lightfoot said. The CineCares Foundation aims to empower Chicago residents in these communities by creating opportunities for education and employment in the TV and 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.. You can accept the use of cookies or other identifiers by closing or clicking the accept button. 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. "We're really happy to have the industry back in action on our campus," said Alex Pissios, president and CEO of Cinespace Chicago Film Studios. The companys Booth Avenue Studios hosted shoots for Guillermo del Toros The Strain, Heroes: Reborn, Rupture and Between. Cinespace Chicago has 33 stages, with an additional 15 stages to be developed or converted on more than 60 acres. 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.
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