ViacomCBC looks to sell 38-acre production studio campus

Demand remains red-hot for soundstages in LA

Los Angeles /
Aug.August 25, 2021 09:02 AM
 CBS CEO George Cheeks with part of the Studio Center (Getty)
CBS CEO George Cheeks with part of the Studio Center (Getty)

Two years after Viacom and CBS merged, the firm is now looking to offload a sprawling Los Angeles production studio campus in Studio City.

ViacomCBS is exploring a sale of its 38-acre CBS Studio Center property on Radford Avenue, according to the Los Angeles Times. CBS has owned the property since the mid-1960s.

Demand remains red-hot for production and soundstage facilities in L.A., as streaming services have supercharged the sector.

CBS Studio Center has 18 soundstages and 210,000 square feet of office space, along with some support facilities, according to the report. Shows that have been produced there include “Seinfeld” and “Big Brother” among many others.

Prior to the merger, CBS sold its 25-acre Television City studio complex in the Fairfax District to Hackman Capital Partners for $750 million.

On Monday, CBS CEO George Cheeks said in an email to staff that the move is part of ViacomCBS’ plan to shrink its real estate portfolio.

This month, news broke tat ViacomCBS would sell its 38-story Manhattan office tower known as Black Rock for $760 million.

[LAT] — Dennis Lynch 






    Related Articles

    arrow_forward_ios
    Riot Games subleases Beachbody Company’s Santa Monica offices
    Riot Games subleases Beachbody Company’s Santa Monica offices
    Riot Games subleases Beachbody Company’s Santa Monica offices
    1 Glen Bell Way (LBA Realty)
    LBA Realty sells Irvine office campus where Ford, Taco Bell lease
    LBA Realty sells Irvine office campus where Ford, Taco Bell lease
    Bardas Investment Group founder David Simon and project renderings of Echelon Studios (Bardas)
    Bardas Investment, Bain expand $420M Echelon Studios plan
    Bardas Investment, Bain expand $420M Echelon Studios plan
    “American Idol” production company inks lease in Atwater Village
    “American Idol” production company inks lease in Atwater Village
    “American Idol” production company inks lease in Atwater Village
    2221 Park Place (Cardinal Investments)
    A pair of El Segundo office conversions sell in eight-figure deals
    A pair of El Segundo office conversions sell in eight-figure deals
    Owner of Sportsmen’s Lodge plans residential redevelopment
    Owner of Sportsmen’s Lodge plans residential redevelopment
    Owner of Sportsmen’s Lodge plans residential redevelopment
    BLT Enterprises founder Bernard Huberman dies at 65
    Bernard Huberman, who built a 3M-sf property portfolio, dies
    Bernard Huberman, who built a 3M-sf property portfolio, dies
    Photo Illustration of California Governor Gavin Newsom (Getty)
    California boosting incentives for soundstage development
    California boosting incentives for soundstage development
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...