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Hackman Capital Buying CBS Television City for $700M

Los Angeles-based Hackman Capital Partners is acquiring CBS Corp.’s Television City production studios in Los Angeles’ Fairfax District for reportedly in the neighborhood of $700 million. CBS will continue operations at the historic 25-acre studio that was home to such shows as “All in the Family,” “The Jack Benny Show” and “The Carol Burnett Show.”

The New York-based media company relocated its West Coast entertainment operations to CBS Studio Center on Radford Avenue in Studio City in 2008. That’s where CBS Entertainment, CBS Television Studios, as well as other corporate offices are now located.

CBS bought the Television City site at Fairfax Avenue and Beverly Boulevard in 1950, when it relocated much of its entertainment operations to Los Angeles from New York. CBS had engaged Eastdil Secured to market the studio property, which also includes a 515,531-square-foot office building.

Hackman Capital also owns the historic movie studio, Culver Studios, in Culver City, which is undergoing a renovation and expansion.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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