California + Los Angeles + Industrial | February 27, 2023

Radford Studio Center Announces $1B Modernization Plan

Radford Studio Center, the nearly century-old production facility in Studio City, CA, has announced a comprehensive framework to modernize the property with an estimated $1 billion investment in new facilities , sustainability measures, historic preservation and upgraded multi-modal transportation infrastructure. Owned by an affiliate of Hackman Capital Partners and operated in partnership with The MBS Group, the new Radford Studio Center will add $5.5 billion annually in economic output and support over 8,000 jobs.

The studio has a rich history as the home to many beloved films and TV shows, including “The Mary Tyler Moore Show”, “Gilligan’s Island” and “Seinfeld” and remains the current home to CBS News’ Los Angeles bureau, KCAL News and Entertainment Tonight.

The Radford Studio Center Plan includes the capacity to accommodate up to 25 purpose-built sound stages, general office space, a robust transportation demand management program, an all-electric studio, enchanted public realm and pedestrian experience and the preservation of historic portions of the facility.

Connect

Inside The Story

Hackman Capital Partners - Radford Studio CenterThe MBS Group

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

Order Reprints