Mayor Lori Lightfoot said in a statement she was thrilled Cinespaces new owners plan to expand its workforce. 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. The show follows a couple who discovered a chamber buried in their backyard, which inexplicably leads to a strange, deserted planet. Learn More Cinespace Toronto 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 acquisition of Cinespace comes as the streaming content boom has Wall Street and hedge funds eyeing studio campuses for acquisition. Your pleasant demeanor, warm smiles, and bigger-than-life personality will be sorely missed on 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. 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. (StockSnap / Pixabay). I also want to thank the Mirkopoulos family for founding and building up Cinespace here in our city. Productions ramped back up once the city reopened in June. 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 Expansion Will Bring More TV Shows And Jobs To Chicago, CEO Since opening in 2011, Cinespace has helped bring more than 15,000 new jobs to the area. Cinespace Studios has sold for $1.1B to TPG Real Estate - ReelChicago.com Despite his legal woes and the attention from Colis indictment, Pissios has remained a player in Chicago real estate. Terms of the transaction were not disclosed. A federal appeals panel has ruled an Illinois state agency didn't violate . The Toronto studio launched in 1988. 3.6 million square feet. Subscribe for full access to The Hollywood Reporter. 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. He was so successful in this endeavor that CineCares created 7,500 new jobs. . Information. Lightyearswill premiere exclusively on Amazon Prime Video. 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. Our clients create groundbreaking films and television. 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. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. 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. Oscar-winner Sissy Spacek and three-time Emmy-nominated Ed O'Neill will star in the sci-fi drama. 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. Cinespace Chicago specializes in the development, management and operation of studio facilities. 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. 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. 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. For more information or to contract studio or business space at Cinespace, visit the website at ChicagoFilmStudios.com. 24th Ward candidates headed to April runoff. Force is set on Chicago's 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. The deal also involves studio space owned by Cinespace in Toronto. 24th Ward candidates headed to April runoff - Austin Weekly News Leslie Shribman and Courtney Power Cinespace Chicago Film Studios Being Sold For $1 Billion The Studios also announced four new series filming at its facilities as productions begin to ramp back up with additional health and safety protocols. Ald. Michael Scott Jr. resigning from City Council, joining Cinespace During the waning days of Gov. 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. As the Dick Wolf, One Chicago series prepares to wrap soon for the season, Cinespace announced four new series filming at its facilities. Cinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres. 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 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. But the latest news, received glee-fully by producers, may deliver still more impetus to Chicago's impressive growth . Media Contact 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. Block Club Chicago is a nonprofit news organization dedicated to delivering reliable, nonpartisan and essential coverage of Chicagos diverse neighborhoods. It's how we act that makes a difference: we offer education and training to engage, support and contribute to our communities. TPG is bullish on the Chicago film scene as well. 19 talking about this. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Your preeminent production platform with 36 active stages across its 1.6 million square foot two campuses, located within 15 minutes of downtown. Key tenants at Cinespace include 312 Fast Draw, AbelCine, Cinelease, DePaul FilmSchool, Keslow Camera, Lagunitas, and Periscope Post & Audio. Thank you Alex for being the best ambassador this film community could ask for. Cinespace Chicago adds 100K sq. ft. of production space as filming newsletter here. Chicago is an entity of its own. Lightyears is a sci-fi drama co-produced by Amazon Studios and Legendary Television by writer Holden Miller and producer Daniel C. Connolly. News about Cinespace Chicago | Cook County Record The family-owned Cinespace Chicago Film Studios in North Lawndale has been sold to private equity firm TPG. 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. Block Club Chicago is a nonprofit news organization dedicated to . One of Pissios' deepest passions while CEO of Cinespace was to provide education and job training within the film industry. Sign Up:Stay on top of the latest film, TV, advertising, entertainment and production news! 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. Located on the west side of downtown Chicago, Cinespace Chicago Film Studios occupies 1.45 million sq. The studio was acquired by TPG Real Estate in a deal announced Friday. 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. A TPG official, Keith Gee, will be chief financial officer and the other co-managing partner. (Brian Cassella / Chicago Tribune). PDF Ever more enticing tax credits, locations renaissance in Chicago and We also wanted to know or did we? It occupies 1.45 million square feet of what use to be the old Ryerson Steel Company. Cinespace Chicago Film Studios Welcomes New Productions, Expands Cinespace Chicago specializes in the development, management, and operation of studio facilities for the film, television, and digital media production industry. Today, TREP has $5.3 billion of assets under management. Much Shelist P.C. 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. Cinespace | Film Studio Locations, Production and Sound Stage Facilities person to lead the city, failed to advance to a runoff, earning just 17 . 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. Reporting to Eoin Egan, COO and Co-Managing Partner, she will be responsible for . Every dime we make fundsreportingfrom Chicagos neighborhoods. New production scheduled to film at Cinespace Chicago Film Studios this spring includeLightyears,61stStreet,Power Book IV: Force, and Paper Girls. 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. [CDATA[ Community has always been core to who we are, said Alex Pissios, CEO of Cinespace. Cinespace Chicago Film Studio | Enjoy Illinois Subscribe:Sign up for our FREE e-lert here. The GM and coach seem to be more cohesive than Ryan Pace was with Matt Nagy and John Fox. 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., The Chi, Lightyears,61stStreet,Power Book IV: Force, Paper Girls, South Side, andThe Big Leap. Contact | Cinespace Do. 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. Keep up with new offerings and opportunities at Cinespace and key developments across our entire industry. 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 Lawndale. Theyve carefully guarded their secret, but when a mysterious young man enters their lives, the couples quiet existence is quickly upended. Executive producer Michael B. Jordan (Black Panther) is already shooting the AMC drama series61stStreet at Cinespace Chicago Film Studios. Jane Williamson joins Cinespace as Head of Studio Operations They've carefully guarded their secret, but when a mysterious young man enters their lives, the couples' quiet existence is quickly upended. Your fullest creative potential. 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. 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. It was a stunning rebuke. Williamson is a native Chicagoan and rose through the ranks of commercial, non-scripted and scripted TV production starting as a production assistant. Keep up to date with our latest industry news, from across the world. Sources: Feds made recordings at Cinespace Chicago - Chicago Tribune In Chicago, Cinespace Chicago Film Studios virtually rose up out of an abandoned steel mill. Cinespace Chicago Film Studios Welcomes New Productions, Cinespace Chicago Film Studios has been home to NBC's Chicago Fire, Chicago Med and Chicago P.D. Mayor Lori Lightfoot added, Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes. media@tpg.com Follow our newsletter to keep up with new offerings and opportunities at Cinespace - and key developments across our entire industry. As part of the acquisition, Eoin Egan and Keith Gee will join Cinespace as Co-Managing Partners and COO and CFO, respectively. The CineCare's Foundation Mirkopoulos Internship Program partners with FOX, HBO, NBCUniversal, Wolf Films, and Studio Mechanics Union Local 476. General Inquiries 773.521.8000 studioinfo@cinespace.com Cinespace Toronto has 23 production stages across the city, with another 12 stages planned for development on more than 40 acres. 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 is the second largest independent sound stage platform in North America with best-in-class studio campuses. Ve el apartamento 3N en alquiler en 1448 S Rockwell St en Chicago, IL desde $1200 y encuentra otros apartamentos disponibles en Chicago. 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 [] Mayor Lori Lightfoot commended the investment for the jobs and productions it will bring to the city. Chicago has a compelling, beautiful cityscape with so much potential for film productions of all mediums and sizes, Lightfoot said. TPG was founded in 1992 and now has approximately $108 billion of assets under management with investment and operational teams in 12 offices around the world. 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. 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. In the ensuing decade, that key facility has grown to include 36 soundstages, helping to bring . 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. The statement also includes praise from Mayor Lori Lightfoot and Gov. Sign up for THR news straight to your inbox every day. Cinespace Chicago Film Studios announces huge expansion by the - WGN 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. Power Book IV: Force, the third spin-off of the popular StarzPower series produced by Lionsgate, is also shooting at Cinespace Chicago Film Studios. TPG Real Estate Buys Cinespace Toronto, Chicago Studios for $1.1 (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 . 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. 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. With the city at capacity, having a private equity firm running Cinespace could lead to growth. J.B. Pritzker. Outlets including Crains Chicago Business and Deadline.com are reporting a sale price of $1 billion. I cringe when I hear our town referred to as Hollywood in Chicago. 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. A press release from TPG says former Netflix executive Eoin Egan will take over as a co-managing partner and COO. 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. 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. Eastdil Secured provided financing advisory to TREP for the transaction. 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 Chicago Film Studios | Chicago IL - Facebook Skip to content Reel Chicago News At the Intersection of advertising, TV, film and production REEL PRO I am thrilled to see this acquisition expand out capability for content creation and look forward to the jobs and productions it will bring to our region.. The furtive chamber they thought they knew so well turns out to be much more than they could ever have imagined. Illinois Governor JB Pritzker commented: Illinois is proud to welcome TPGs investment in Cinespace and Illinois booming film industry. Cinespace Chicago Film Studio president Alexander S. "Alex" Pissios at a news conference last February at Cinespace Chicago Film Studio. "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. Its a done deal! said Pissios. 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. When Hollywood comes to Chicago to film, they do it Chicago style. DOWNLOAD THE FOX 32 NEWS APP. // TPG, which also owns a majority stake in the Hollywood talent agency CAA, declined to confirm that figure when contacted by the Tribune. Lightyears will premiere exclusively on Amazon Prime Video. 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. Cinespace was initially launched with a sizable Toronto facility in the late 1980s under the stewardship of the late Nick Mirkopoulos. Cinespace is up and rolling with 4 new series and more Reel Chicago News A global hub for premium content production, services and support that ensures your team reaches their fullest creative potential.

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