print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Commercial Real Estate News

Landmark Status Granted to CBS Television City

City Council's Action May Hamper Future Redevelopment
June 28, 2018
CBS Television City is now an official Los Angeles Historic-Cultural Monument, thanks to the Los Angeles City Council.

The move comes after the Los Angeles Conservancy submitted an application last December, nominating the property at 7800-7860 Beverly Blvd. in the Fairfax District for landmark status.

The Conservancy made the decision to nominate CBS Television City after the property was put on the market last fall.

Now that the landmark status was awarded Tuesday, it would significantly limit any future redevelopment.

"Landmark designation will help guide future additional development on the site while retaining its historic and character-defining features," according to a statement from the Los Angeles Conservancy.

It is important to recognize CBS Television City in this way, according to Adrian Scott Fine, director of advocacy for the Los Angeles Conservancy.

"CBS Television City represents one of the first and largest entertainment facilities ever built exclusively for television," Fine said via email. "Designation as a Historic-Cultural Monument ensures a design review process should a project ever be proposed in the future."

The 25-acre property was built in 1952, according to CoStar data.

"This was an issue that was important to both CBS as well as the surrounding community," Chris Ender, a CBS spokesman, said via email. "We appreciate the months of spirited discussion with the Los Angeles Conservancy that resulted in the joint proposal that was passed by the City. We are very pleased by the outcome, which recognizes the cultural and historical significance of the original 1952 structures, while preserving our ability to operate Television City as a modern production facility."

However, Mark Tarczynski, executive vice president at Colliers International, said he has a problem with it.

"When you just start willy-nilly preserving property because of something that happened there, I just think you’re taking good redevelopment land out of production," he said. "You know why we have a housing problem in L.A? That’s part of it."

Los Angeles City Councilman David Ryu, in whose district the property resides at the corner of Beverly Boulevard and Fairfax Avenue near the Grove, said it came down to preserving Los Angeles history as well as securing local jobs.

"The most recent figures show sound stage occupancy rate at around 96 percent," Councilmember Ryu said in a statement. "Keeping Television City’s sound stages intact keeps Los Angeles jobs intact. This is an example of how saving Los Angeles’ history secures Los Angeles’ future. Now, we can ensure the same sound stages which once held I Love Lucy and The Carol Burnett Show will keep serving the film and television industry for years to come."

Television shows including "The Young and the Restless" and "The Price is Right" are currently filmed there. Some of the space is also subleased to other networks, including ABC’s "Dancing with the Stars" and HBO’s "Real Time with Bill Maher."

Karen Jordan, Los Angeles Market Reporter  CoStar Group   
GET IN TOUCH        Contact CoStar News Team:

 Find us on 

Welcome To CoStar's
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News