CBS Selling Television City For $750 Million

CBS Corp. has reached definitive agreement to sell its iconic 25-acre CBS Television City property and sound stage operation to Los Angeles real estate developer Hackman Capital Partners for $750 million.

Buyer Found For Historic CBS Television City

CBS has selected Los Angeles real estate investment firm Hackman Capital Partners as the winning bidder for the company’s iconic Television City facility near the corner of Fairfax and Beverly, a source familiar with the deal says. The transaction is not yet final, but the value is said to be well north of $700 million.