Manhattan Beach Studios, a 22-acre production facility for making movies and television shows, has been sold to real estate giant Hackman Capital Partners.
Manhattan Beach Studios, a 22-acre production facility for making movies and television shows, has been sold to Los Angeles real estate giant Hackman Capital Partners as part of a $650-million deal that includes an entertainment production services company.
Other current productions there include HBO’s Issa Rae-starring comedy “Insecure,” ABC’s “America’s Funniest Home Videos” and “Diary of a Female President,” an upcoming comedy from Disney Plus. It also moves Hackman Capital into the role of production services provider in addition to being a landlord and developer.
“Studios are very operationally intensive,” said Michael Hackman, chief executive of Hackman Capital Partners. Acquiring MBS Services, he said, “was the next logical step for us in growing our studio platform.”Hackman Capital is in the process of adding new production space to Culver Studios and is considering ways to modernize Television City as a studio campus. The company is studying options for improvements to Manhattan Beach Studios but has no specific plans, Hackman said.
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