Worthe

The Ranch Over 50% Complete

Matthew Bobletz — Tue, 12 Nov 2024 19:29:22 +0000

Nov. 12, 2024 (BURBANK, Calif.)…

Worthe secures first single-borrower loan in US since 2022

Matthew Bobletz — Thu, 07 Nov 2024 20:47:44 +0000

Oct. 10, 2024 (BURBANK, Calif.) Worthe Real Estate Group is pleased to announce the successful financing of the Burbank Media Portfolio, an irreplaceable collection of four trophy, Class “A” office properties totaling approximately 2.1 million square feet in the Burbank Media District, one of the strongest performing markets on the West Coast. The $600M transaction with Blackstone represents…

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Worthe Buys Burbank Studios Back from Warner Bros.

Matthew Bobletz — Wed, 17 Jul 2024 21:48:08 +0000

Jul 17, 2024 (BURBANK, Calif.) Worthe Real Estate Group reacquires The Burbank Studios from Warner Bros. in a deal with Stockbridge Capital and QuadReal, marking another significant transaction between Worthe and Warner Bros. Full article on The Real Deal here: https://therealdeal.com/la/2024/07/15/worthe-buys-burbank-studios-back-from-warner-bros-for-375m/

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First Wall Tilted at 30-acre Warner Bros. Ranch Lot in Burbank

Matthew Bobletz — Wed, 01 May 2024 21:34:53 +0000

Apr. 25, 2024 (BURBANK, Calif.) Worthe Real Estate Group and Stockbridge Real Estate Funds announced today the first wall has been tilted at the 30-acre Warner Bros. Ranch Lot in Burbank. The project will consist of a 926,000 total square foot studio campus and 16 soundstages, which are fully leased to Warner Bros. Read More: https://theregistrysocal.com/worthe-real-estate-goes-vertical-on…

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Worthe and Stockbridge Secure $475M Financing for Second Century

Matthew Bobletz — Mon, 08 Apr 2024 20:34:32 +0000

Apr. 8, 2024 (BURBANK, Calif.) Worthe and Stockbridge have secured $475M in financing on Second Century, our 800K SF office development leased to Warner Brothers in Burbank, CA, marking the first single-asset, single-borrower commercial mortgage-backed …

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Worthe & Warner Bros. Second Century Project Wins Accolades

Matthew Bobletz — Tue, 05 Dec 2023 17:34:49 +0000

Nov. 22, 2023 (BURBANK, Calif.) Worthe Real Estate Group’s “Second Century” Project in Burbank won accolades at the 2023 REmmy Awards Gala this year, taking home the top prize for ‘Most Innovative Workplace of the Year – Greater than 50,000 SF’. Presented by the Southern California chapter of CoreNet Global, the REmmy award recognizes and celebrates outstanding achievement in corporate real…

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Architectural Record – Gehry Partners-Designed Warner Bros. Headquarters Completed in Burbank

Matthew Bobletz — Thu, 21 Sep 2023 16:10:41 +0000

Across the Burbank Media District, a commercial area just north of the Hollywood Sign, the headquarters of several world-renowned entertainment companies—most notably Aldo Rossi’s imposing Disney-ABC Television Group building and Michael Graves’ whimsical Team Disney …

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Worthe Real Estate Completes Second Century Development at Burbank Studios

Matthew Bobletz — Thu, 25 May 2023 23:51:39 +0000

BURBANK, CA (May 16, 2023) – Worthe Real Estate Group, in collaboration with Stockbridge Real Estate Fund, has announced the completion of Second Century, an 800,000-square-foot project leased to Warner Bros. in the Burbank Media District. The project consists of two LEED certified office buildings and is located on the southernmost portion of The Burbank Studios Lot, adjacent to the Warner Bros.

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What real estate investors can learn from development battles in two famous beach towns

Matthew Bobletz — Tue, 04 Apr 2023 21:48:32 +0000

Two famous beach cities, Santa Monica and Miami Beach, have become the subject of heated debates about the pace of development. At one pole are the slow-growthers who seek to preserve their local history and prevent traffic congestion and at the other end are the modernizers who believe new infrastructure is needed to improve living conditions. Legendary architect Frank Gehry has experienced both…

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Frank Gehry’s Latest California Project Is a Master Class in Community Support

Matthew Bobletz — Tue, 02 Aug 2022 21:46:45 +0000

The Santa Monica City Council isn’t just approving plans for a new Frank Gehry–designed mixed-use complex on Ocean Avenue, they’re ecstatic to see it built. In a city hearing on July 14th, Mayor Pro Tempore Kristin McCowan called Gehry’s design “a love letter to Santa Monica,” and thanked the architect for his dedication to the project. Worthe Real Estate Group, the project’s developer…

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