First published in the Oct. 23 print issue of the Burbank Leader.
Warner Bros.’ historic Ranch Lot, which has been used for exterior film scenes for Columbia Pictures and Warner Bros. for decades, will be redeveloped to include 16 sound stages in what the new owners said this week will be the largest studio development in the United States.
Warner Bros. sold the lot to Worthe Real Estate Group, which is developing the sound stages, along with a connected production support space, a multi-level parking structure, a commissary, mill space and a 320,000-square-foot office complex. Warner Bros. will lease back the property starting in 2025. Continue reading “New Sound Stages Coming to Warner Bros. Lot”
First published in the Oct. 2 print issue of the Burbank Leader.
Following an intense discussion, the Burbank City Council voted this week not to pursue a ballot measure that would tax the city’s biggest parcels to fund the school district and municipal services.
Little information regarding the potential tax was available at the council’s Tuesday meeting, as city staff members had brought only a first-step agenda item to gather input from the group about how — and whether — to craft it. If approved by both the council and more than two-thirds of Burbank voters, it would likely have taken aim at the parcels on which Burbank’s major corporations, such as Amazon and Warner Bros., are located. Continue reading “Council Rejects Parcel Tax Idea After Fierce Debate”
Streaming service Netflix recently signed a lease for a new Burbank office, according to a news report. The office is located at 2300 W. Empire Ave., near the Burbank Empire Center, said an article from real estate news website CoStar News on Monday. The site called the lease Netflix’s “most aggressive move into a territory dominated by its rivals.” A recent tweet from the official Burbank Twitter account called the newly leased space “Netflix’s first dedicated Animation studio.” Netflix is leasing about 151,000 square feet, according to Simone McFarland, Burbank’s assistant community development director and communications manager, who said the “Media Capital of the World” has been working with the streamer on its leasing plans for months under “tenant improvements” and possible building adjustments.