{"id":1004270717,"date":"2018-10-10T03:08:19","date_gmt":"2018-10-10T11:08:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004270717"},"modified":"2022-12-08T14:44:42","modified_gmt":"2022-12-08T22:44:42","slug":"netflix-to-buy-170-ksf-studio-in-nm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/","title":{"rendered":"Netflix to Buy 170 KSF Studio in NM"},"content":{"rendered":"<p>By Barbra Murray<\/p>\n<div id=\"attachment_1004270720\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004270720\" data-attachment-id=\"1004270720\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/albuquerque-studios\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Albuquerque Studios\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Albuquerque Studios&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg?w=800\" class=\"wp-image-1004270720 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\" alt=\"Albuquerque Studios\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004270720\" class=\"wp-caption-text\">Albuquerque Studios<\/p><\/div>\n<p>Netflix recently selected Albuquerque, N.M., to establish a new U.S. production hub and now it\u2019s preparing to secure a property to house the operations. The internet entertainment service recently announced that it is in the final stages of discussions to acquire the roughly 170,000-square-foot Albuquerque Studios from Pacifica Ventures.<\/p>\n<p>News of the pending Netflix transaction has already turned the head of other studio users. <em>\u201cJust today the ABQ Film Office received two new inquiries about coming to The Duke City,\u201d<\/em> Alicia Keyes, film liaison with the Albuquerque Film Office, told <em>Commercial Property Executive<\/em>.<\/p>\n<p>Located at 5650 University Blvd. SE, ABQ Studios is the largest production facility in the State of New Mexico, offering four 24,000-square-foot stages and an additional four stages encompassing 18,000 square feet each. The 28-acre campus also comprises office square footage, back lot space and storage and set-construction space.<\/p>\n<p>The closing of the Netflix deal will mark the end of Pacifica\u2019s history with ABQ Studios after more than a dozen years of involvement with the property. The production facilities developer and operator\u2014which <a href=\"https:\/\/www.commercialsearch.com\/news\/ground-broken-on-85m-film-studio-in-suburban-philly\/\">also owns SunCenter Studios<\/a> in suburban Philadelphia\u2014completed construction of ABQ Studios in 2006 and has served as the production complex\u2019s manager since its opening in 2007.<\/p>\n<p>Neither Pacifica nor Netflix is disclosing the sale price attached to ABQ Studios; however, the numbers are out on the state and local government funds that have been approved to help bring Netflix\u2019s new production hub to fruition. The State of New Mexico will make as much as $10 million in Local Economic Development Act funding available to the company, and the City of Albuquerque will provide up to $4.5 million through LEDA.<\/p>\n<h2>Making up for lost space<\/h2>\n<p>In addition to ABQ Studios, Albuquerque\u2019s production facilities include the 500,000-square-foot I-25 Studios and Comcast Digital Media Studio at WESST, which offers 400 square feet of green screen. Taking ABQ Studios out of the rotation will leave quite a whole in the city\u2019s production offerings\u2014temporarily, at least.&nbsp;<\/p>\n<p><em>\u201cThe City of ABQ Film Office is going to get creative and reach out to property owners that have appropriate warehouse space to accommodate new demand,\u201d <\/em>Keyes said.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The entertainment company will establish its new U.S. production hub with the acquisition of Albuquerque Studios from Pacifica Ventures.<\/p>\n","protected":false},"author":969,"featured_media":1004270720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1577,21743,21808,21748,21742,15],"tags":[33420,42401],"class_list":["post-1004270717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-albuquerque","category-deals","category-featured","category-industrial","category-latest","category-west","tag-netflix","tag-pacifica-ventures"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netflix to Buy 170 KSF Studio in NM - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix to Buy 170 KSF Studio in NM\" \/>\n<meta property=\"og:description\" content=\"The entertainment company will establish its new U.S. production hub with the acquisition of Albuquerque Studios from Pacifica Ventures.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-10T11:08:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:44:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/\",\"name\":\"Netflix to Buy 170 KSF Studio in NM - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\",\"datePublished\":\"2018-10-10T11:08:19+00:00\",\"dateModified\":\"2022-12-08T22:44:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg\",\"width\":800,\"height\":620,\"caption\":\"Albuquerque Studios\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Netflix to Buy 170 KSF Studio in NM\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Netflix to Buy 170 KSF Studio in NM - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/","og_locale":"en_US","og_type":"article","og_title":"Netflix to Buy 170 KSF Studio in NM","og_description":"The entertainment company will establish its new U.S. production hub with the acquisition of Albuquerque Studios from Pacifica Ventures.","og_url":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-10-10T11:08:19+00:00","article_modified_time":"2022-12-08T22:44:42+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/","url":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/","name":"Netflix to Buy 170 KSF Studio in NM - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg","datePublished":"2018-10-10T11:08:19+00:00","dateModified":"2022-12-08T22:44:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg","width":800,"height":620,"caption":"Albuquerque Studios"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/netflix-to-buy-170-ksf-studio-in-nm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Netflix to Buy 170 KSF Studio in NM"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Albuquerque-Studios.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004270717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004270717"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004270717\/revisions"}],"predecessor-version":[{"id":1004270738,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004270717\/revisions\/1004270738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004270720"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004270717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004270717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004270717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}