Building a Prosperous Hollywood
Hollywood has always been associated with new ideas. If you think about the early entertainment industry that located here, it was all about creativity and creating stories that would be compelling. Here we are 100 years later, and creativity continues to rule in Hollywood, even as the entertainment industry undergoes a major transformation due to new technologies that are opening new opportunities. And so, it is logical to assume that Hollywood would be one of the places in Southern California popular with
New Hotels Enrich Hollywood and Los Angeles
Two new hotels opened in Hollywood last month – the Kimpton Everly with 216 rooms and the Hampton Inn Hollywood with 112 rooms. Together with the Dream Hotel that opened in July, we have added more than 500 rooms to the Hollywood market this year. This is a 15-percent increase in the number of hotel rooms in Hollywood, bringing our total rooms to 3,926 in 51 properties. By my count, there are another 15 hotels proposed for Hollywood. I’m sure some people are asking if we can support all of these hotels.
Hotel Complex is a Dream for Hollywood Jobs
When one thinks about the visionaries who made Hollywood what it is today, there are a lot of candidates to consider: Sid Grauman who dreamed up the picture palaces and movie premieres, C.E. Toberman, who built most of the grand buildings on Hollywood Blvd. and made the Hollywood Bowl a reality, the Chandler family and their associates who put the huge Hollywood Sign on Mt. Lee, Johnny Grant, who built the Hollywood Walk of Fame into an international icon – the list could go on and on.And in fact, the list
Excellence in Economic Development: Hudson Pacific Properties Brings ICON, Netflix, Jobs to Hollywood!
The Excellence in Economic Development Award was presented this year to Hudson Pacific Properties, Inc., (Symbol: HPP) the firm responsible for the new ICON Development, and for revitalizing the Sunset-Bronson and Sunset-Gower studio lots. Chris Barton, Executive Vice President of Development and Capital Investments for Hudson Pacific, accepted the award at the annual Summit on June 22nd at the ArcLight Hollywood Cinemas. The Excellence in Economic Development Award honors are well-deserved. Hudson
Ruiz and City Staff Answer Questions about the Upcoming Minimum Wage Hike and Paid Sick Leave
The Hollywood Chamber of Commerce held an educational series about the upcoming L.A. Minimum Wage Rate which will be taking effect on July 1st. The series aimed to assist our members in building a better business for the future was held on Friday, June 2nd at the Hollywood Chamber of Commerce state-of-the-art Conference Room. Cynthia Ruiz discussed the new employment regulations. Also on hand were representatives from the Office of Wage Standards (Contract Administration) to answer technical questions on
Gubler Blogs: Studio Purchase Is Good News for Jobs
Earlier this month, Hudson Pacific Properties, Inc. announced that it had finalized a $200-million acquisition of the historic Hollywood Center Studios. This is the third studio acquisition in Hollywood by Hudson Pacific. Based on their track record, it is very good news for Hollywood.Hudson had previously acquired Sunset-Gower Studios and Sunset-Bronson Studios. They will now own a combined 1.2-million square feet of facilities at the three studios, including 35 soundstages on 41-acres. The acquisition
All About Jobs: A Post Mortem on Measure S
In the aftermath of Measure S, it seems everyone is offering their post mortem observations about this giant struggle over land-use and development in Los Angeles. I’d like to add my “two cents”.First, the voters made the right choice in sinking Measure S. We can breathe a sigh of relief that a blanket moratorium did not go into effect that would have vaporized thousands of construction jobs and wreaked havoc on our economy. Now we can continue to address the serious shortfall in housing in our
Gubler Blogs: What is the Value of a Job - Close to Home?
The California Legislative Analyst’s Office (LAO) released a study in September (California’s First Film Tax Credit Program) that for the first time, offers an assessment of the economic and fiscal impact of the filming incentives that the State of California approved for our entertainment industry. This is particularly interesting because the LAO is the nonpartisan fiscal and policy advisor to the state legislature, which means we should be able to rely on the veracity of their report.The study zeroes in
