NBC site in Burbank sold
NBC Universal plans to sell its entire 34-acre studio in Burbank to a development company that will inherit the right to build on the property, city and studio officials said Tuesday. Alex Dobuzinskis in the Daily News.
M. David Paul and Associates will be the builder, with help from Stockbridge Real Estate Fund, officials said. The companies have created a joint entity - Catalina Media Development II LLC - to develop the remainder of the NBC lot.
With NBC Universal set to move its operations to Universal City, the company reserves the right to lease the Burbank facility for several years while it makes the move. The daytime soap opera "Days of Our Lives" and "The Tonight Show with Jay Leno" are among the shows produced at the Burbank studio.
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The Los Angeles Daily News' City Hall reporters Rick Orlov and Kerry Cavanaugh write about politics on the local, state and national stage.
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