Complex sentence: After the three moved into the Sherwood Studios on 57th Street, they became known as the "Sherwood Sisters" for the weekly open house they held at their studio, noted for its "fun and high jinks".
Split into simpler sentences: After the three moved into the Sherwood Studios on 57th Street. The "Sherwood Sisters", as they became known, held a weekly party at their studio noted for the "fun and high jinks".