Cahuenga Investors buys iconic Hollywood recording studio for $6.1M

Investment group plans to redevelop Grandmaster Recorders into restaurants or a lounge

TRD LOS ANGELES /
May.May 15, 2017 01:30 PM

The likes of Stevie Wonder, David Bowie and Bonnie Raitt have recorded music at the famous Hollywood studio Grandmaster Recorders.

But the building at 1518 N. Cahuenga Boulevard will soon be singing a different tune now that an entity dubbed Cahuenga Investors snatched it up for $6.1 million, with plans to redevelop it into a restaurant and/or lounge.

The seller of the two-story structure was the family of the late musician Alan Dickson, who purchased it in the 1970s and turned the former Bijou Theater into a recording studio, the Los Angeles Times reported. Dickson died last year.

Kathleen Silver of Silver Commercial Inc. brokered the deal.

Rick Moses of Cahuenga Investors said the building would no longer be used for recording, but hopes to incorporate some of the “funky appeal” of the 9,200-square-foot property into restaurants or a lounge.

Moses, formerly chief development officer at Caruso, told the L.A .Times he expects to open the redeveloped property next year. [LAT]Subrina Hudson


Related Articles

arrow_forward_ios
A rendering of the project (Credit: Yorkwood, LLC)

Developer plans 137-unit complex in Hollywood

Developer plans 137-unit complex in Hollywood
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller with a rendering of the project

An analysis of rent rolls at Hollywood & Highland

An analysis of rent rolls at Hollywood & Highland
Bob Iger, Reed Hastings and (clockwise from top left) Sunset Las Palmas, Sunset Bronson and Sunset Gower Studios (Getty, Google Maps)

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs
Bernard Huberman and Hollywood’s Television Center (BLT, Television Center)

BLT Enterprises buys Hollywood’s Television Center for $64M

BLT Enterprises buys Hollywood’s Television Center for $64M
Photo illustration of Hudson Pacific Properties CEO Victor Coleman and Blackstone Group President Jonathan Gray (Coleman by Rich Polk/Getty; Gray by Drew Angerer/Getty; Top Gun by Paramount Pictures/Sunset Boulevard/Corbis/Getty)

Inside Hudson Pacific and Blackstone’s field of streams

Inside Hudson Pacific and Blackstone’s field of streams
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...