Vornado Realty Trust, Hudson Pacific, Blackstone and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94
08.29.23
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Simpson Thacher advised affiliates of Blackstone (NYSE: BX) in connection with its public-private partnership venture with Vornado Realty Trust (NYSE: VNO) and Hudson Pacific Properties (NYSE: HPP) to develop a film and TV studio complex at Pier 94 in Manhattan along with the City of New York and New York City Economic Development Corporation. This is Manhattan’s first studio complex of its kind, which is expected to create jobs, contribute capital to the local economy and add several amenities for the benefit of the public. Simpson Thacher also advised Blackstone in connection with obtaining construction financing for the project led by RBC. Simpson Thacher has also represented affiliates of Blackstone in connection with certain other studio property investments with HPP.
The Simpson Thacher team includes Sas Mehrara, Justin Vilinsky, Cristiana Modesti and Brittany Baclawski (Real Estate); and Nancy Mehlman and Ed Grais (Tax).