sold the property to Worthe Real Estate Group and Stockbridge Real Estate Fund in 2019 and will move back in when the $500 million redevelopment is complete in 2025.The fountain famously used in the “Friends” opening was relocated from the park to the main Warner Bros.
lot in 2022 and is now a part of the studio tour. Jeff Nagler, president of Warner Bros. Worldwide Studio Operations, told the LA Daily News in 2021 that the company is “continuing to enhance our state-of-the-art studios and full-service offerings for our productions and partners is a key priority for our company, and the new Ranch Lot development will certainly fulfill this goal in the Los Angeles area.”Jeff Worthe, president of Worthe Real Estate Group, described the development to the Daily News as “the largest studio development in the country” at 926,000 square feet..
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