Olshan Partners Thomas Kearns and Hyman Kindler Handle Assemblage and Construction Loan for Historic Kaufman Astoria Studios
Commercial Observer recently reported on a 150,000 sq. ft. addition to Olshan client Kaufman Astoria Studios in Queens. Complete with two stages, production offices, and support space, the addition to the historic studio also includes an underground garage and a 65,000 sq. ft. commercial office space for creative services and media companies. Spurred by the proliferation of streaming services like Netflix, Hulu, and the nascent Apple TV Plus and Disney Plus, production companies generate upwards of $8 billion annually for New York’s economy, with about 67 TV series and about 300 movies filmed in the city each year. Olshan Real Estate partners Thomas Kearns and Hyman Kindler represent Kaufman Astoria Studios including with respect to the assemblage and construction loan for the Studios’ expansion mentioned in the article.