Transactions - MAY 4, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Bain Capital Real Estate submits plans for $450m L.A. development

by Andrea Zander

Bain Capital Real Estate, the real estate investing business of Bain Capital, and BARDAS Investment Group, a boutique real estate development and investment firm, have submitted plans to the City of Los Angeles to invest $450 million to develop Echelon Studios, a five-acre site at 5601 Santa Monica Blvd.

The new, urban studio campus will feature four 19,000-square-foot sound stages, a 15,000-square-foot flex stage, and a 90,000-square-foot creative village of high-end bungalows uniquely located above the bustle of Hollywood.

Bain Capital Real Estate and BARDAS IG formed a joint venture in 2019 to pursue opportunities to acquire, renovate, develop and operate creative office and other production space targeted to companies in the content and media industry, with a focus on the key content submarkets in Los Angeles. To date, the joint venture has invested in and has a pipeline of existing and new development projects encompassing approximately 1.0 million square feet, ra

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.