Real estate developer Hackman Capital is planning to spend $1.25 billion to overhaul the nearly 70-year-old West Hollywood landmark CBS Television City including adding sound stages to supply the seemingly boundless demand.The world’s first purpose-built television studio was built in 1952 and has expanded in a patchwork over the years.
Hackman acquired the iconic 25-acre property for $750 million in 2019. It’s home to CBS’ The Late Late Show With James Corden, The Price Is Right and The Young and the Restless are recorded at Television City as well as Dancing With the Stars, American Idol and Real Time With Bill Maher.
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