UPDATE: Culver Studios Sold to Hackman Capital for $85 Million and -- WONT Be Converted to Condos

The Los Angeles Times is reporting that the 14-acre, 13-soundstage Culver Studios has been sold to Hackman Capital Partners. A Hackman Capital investment summary indicates obtained by the Times indicates that the company plans to continue to maintain the property as a studio, while adding creative office space and a parking structure. 

But other sources such as Deadline.com are speculating that the company will shutter the studio permanently in the next 18 month -- and that the property will be turned into office space or even condos. 

UPDATE: A new article by the Hollywood Reporter quotes Hackman CEO as vowing, "We plan to retain and celebrate all of the historic aspects of the property, including the beautiful lawn and mansion. It’s such a recognizable landmark. The notion that we would convert the lot into condos is baseless."

The article also quotes Culver City Mayor Jeffrey Cooper as adding, “Culver Studios isn’t zoned for any form of housing, and there aren’t any plans to change that.”

Founded in 1918 by silent movie pioneer Thomas Ince, the studio has been owned over the years by David O. Selznick, Joseph Kennedy, Howard Hughes, Lucille Ball and Desi Arnaz, Grant Tinker and Sony. 

Views: 118

Tags: CulverStudios

Comment

You need to be a member of Culver City Times to add comments!

Join Culver City Times

Call (323) 200-9052 to learn more or click here to send an email.

Photos

Loading…
  • Add Photos
  • View All

The Culver City Times is the news and social network for Culver City.  Stay informed.  Join now!

      • Got news you think everyone should know? Blog it.

• Have a show or attending a benefit? Put it on the calendar.
• Got video of the big game? Embed it.
• Photos of your business or the school play? Upload them.

For daily updates

Enter your email address:

Delivered by FeedBurner

Latest Activity

Scupine posted blog posts
17 hours ago
Scupine's 4 blog posts were featured
yesterday
Culver City Times updated an event
Thumbnail

Motor Avenue Farmers' Market Every Sunday at Corner of Motor Ave. and National Blvd. in the Palms neighborhood, West Los Angeles

August 3, 2014 at 9am to July 26, 2015 at 2pm
yesterday
McKayla Matthews's event was featured
Thumbnail

Flower Arrangement & Design Workshop at A Bed of Roses

August 6, 2014 from 6:30pm to 8:30pm
yesterday
Devon Corlew's event was featured
Thumbnail

The Culver Village "Rock and Walk at The Culver Village, Sepulveda Blvd. between Culver and Franklin

August 2, 2014 from 3pm to 7pm
Wednesday
Scupine posted a blog post
Wednesday
Devon Corlew posted an event
Thumbnail

The Culver Village "Rock and Walk at The Culver Village, Sepulveda Blvd. between Culver and Franklin

August 2, 2014 from 3pm to 7pm
Wednesday
Scupine's blog post was featured
Monday

© 2014   Created by Culver City Times.

Badges  |  Report an Issue  |  Terms of Service