As CBS Sells Its Last Major Piece of Real Estate, It’s Returning to Where The Network Began — More Than 80 Years Ago
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variety.comMichael Schneider Variety Editor at LargeViacomCBS’ $1.85 billion sale of its CBS Studio Center lot — known in the industry as CBS Radford — represents the end of an era for the company, and a further shift away from physical properties by legacy entertainment companies as their streaming counterparts bulk up.Last week’s deal with Hackman Capital Partners and Square Mile Capital Management, put into motion in the summer, is the final major divestiture of the Eye network’s real estate holdings, including the 25-acre Television City, which was sold to Hackman for $750 million in 2018, and its New York skyscraper known as “Black Rock,” purchased earlier this year by Harbor Group Intl.
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