54 Days
Source:
Los Angeles Times
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Legendary Television City Could Be Sold, Marking Further Blow to Hollywood
Television City, a historic studio in Los Angeles, is expected to be put on the market amid financial difficulties faced by its owner, Hackman Capital Partners. The company defaulted on a $1.1 billion mortgage, and the property is now in escrow for sale to Netflix, as industry struggles have diminished production activity in the region. The studio's potential sale has attracted interest from nearby property owners, including the Grove and Farmers Market, but development plans are contested by neighbors.
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