ViacomCBS to sell its historic CBS Studio Center, home to Seinfeld and The Mary Tyler Moore Show, for $1.85 billion

Los Angeles Times

Real estate investors Hackman Capital Partners and Square Mile Capital Management teamed up to win the competitive auction for the 55-acre 93-year-old CBS Studio Center located in Studio City. The 22 stages of CBS Studio Center have been home to Seinfeld, Roseanne, The Mary Tyler Moore Show, Gilligan's Island, Lou Grant, The Larry Sanders Show, Leave It to Beaver, It’s Always Sunny in Philadelphia, Hill Street Blues, Parks and Recreation and Gunsmoke. CBS Studio Center is also where CBS shows Big Brother and The Talk tape. In 2019, Hackman Capital Partners purchased CBS' Television City for $750 million. According to the Los Angeles Times, "the staggering price tag underscores the value — and scarcity — of TV soundstages in Los Angeles as content producers scramble for space to shoot TV shows and movies to stock their streaming services." CBS, which acquired the property from Republic Pictures in the 1960s, intends to lease back space from the new owners and continue occupying and producing content on the lot. The CBS Studio Center lot was founded in 1928 by famed silent movie producer Mack Sennett.