I'm at a loss as to how this might impact our Glendale property values. Suck it, Chatsworth -- there's a new porn capital in SoCal!
LA Observed has the details:
Xbiz reports that Penthouse is building a 50,000-square-foot production studio in Glendale to help launch its new cable channel. CEO Marc Bell "wouldn’t elaborate on why Penthouse chose Glendale; however, the city has had Hollywood ties since the early part of the 20th Century and is home to ABC and one of the largest Los Angeles-area production facilities, Glendale Studios."
Xbiz says that Penthouse plans on producing eight feature-length films a month in Glendale plus "talk shows, celebrity sex reports and specials including 'Penthouse Goes to Spring Break.'"
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