Warner Bros. to move back onto Ranch Lot after $500 million makeover

Warner Bros. is giving up its Ranch satellite lot in Burbank, California, but will move back in after the new owner has invested hundreds of millions of dollars to redevelop it.

Under a deal first announced in 2019, Worthe Real Estate Group and San Francisco-based investment firm Stockbridge will acquire the 32-acre Ranch Lot, located about a mile north of Warner Bros.’ main 100-acre lot, in 2023.

The historic property will then undergo what the Los Angeles Times reported to be a $500 million…

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