CBS Studio Center in Los Angeles, the home of “Seinfeld” and “Gunsmoke,” is selling for $1.8 billion, a higher-than-expected price tag shows how demand for limited studio space is rising
A venture of two real-estate firms has agreed to pay more than $1.8 billion for the historic CBS Studio Center in Los Angeles, say people familiar with the matter, the latest deal in the red-hot studio sector.
Hackman Capital Partners and Square Mile Capital Management LLC had the winning bid, beating out about a dozen or so other parties, these people said. The price tag was also about $500 million more than what the studio was projected to fetch three months ago when it was put up for sale, according to these people.
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