Alex Pissios Greek & American Flag

The Rising of Alex Pissios


The century’s first decade was drawing close; however, even as the countdown reduced day by day, life never seemed better for Alex Pissios. Over a significant period, Alex Pissios developed properties in the West Side and North Side of Chicago. However, the finances had started crumbling gradually. At age 35, Alex Pissios had been left with no option but to file for bankruptcy. He had lost all the properties he had bought and developed in the previous years. He was left with nothing citing the vast debts with creditors amounting to more than $13 million.

This bankruptcy was a massive setback for Alex Pissios. He had to start from scratch and rebuild his empire again. At that time, property prices were going down. Banks were not ready to lend money even to developers with good reputations. He was also not welcomed by his colleagues and friends. But Alex Pissios was not one to give up. He took up taking care of children at home while the wife had to report back to work as a dental hygienist.

The hope and never giving up bore fruits after a wedding reception opened some light towards establishing a film career in the old location, which was the property of Alex Pissios after he had lost it. At the wedding, Alex shared with some of the ancient relatives about his film studio idea. The relatives then directed him to the real estate agent selling the property in California. The story further developed to what is today Cinespace Chicago Film Studios in the North Lawndale neighborhood of Chicago. Cinespace has completed more than a dozen movies, including “The Dark Knight,” “The Social Network,” and “Transformers: Dark of the Moon.”