event

September 14, 2026 Culver City Real Property Negotiations

2026-09-14 September 2026 Partially resolved: City reported it would not pursue 9300 Culver Boulevard and provided negotiating instructions for 9050 Washington; the four Conjunctive Points addresses, 10401 Virginia and 12592 Washington Place remain without a completed outcome in sources reviewed
At a glance

Culver City's September 14, 2026 City Council/Public Finance Authority agenda included at least four property-negotiation items material to CCR: 9050 Washington Boulevard opposite CF CC Investor LLC; 9300 Culver Boulevard plus 3958/3960/3962 Ince Boulevard and 9046 Lindblade Street opposite Michael Hackman / Hackman Capital Partners; the City-owned 10401 Virginia Avenue opposite Keith McNutt / Actors Fund Housing Development Corporation; and 12592 Washington Place opposite Barbara Bills / WIB Holdings LLC. Each identified terms and price as under negotiation. Current Conjunctive Points marketing identifies the three Ince addresses and 9046 Lindblade as part of that Hayden Tract portfolio, while 2024 reporting identifies Samitaur Constructs as portfolio owner/developer and Hackman as strategic manager. A public report-out later established that the City would not pursue acquisition of 9300 Culver Boulevard / Culver Steps and that negotiating instructions were provided for 9050 Washington; no completed outcome for the four Conjunctive Points addresses, 10401 Virginia or 12592 Washington Place was established in the sources reviewed.

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Closed-session real-property negotiations with partial public report-out Direct primary City agenda records, current portfolio-address evidence, and contemporaneous reporting
What the record shows

Key facts

Documented amounts
$71-$71.3 million reported 9050 Washington foreclosure acquisition / credit bid
Evidence

Sources

MeetingDetail Open source → LegislationDetail Open source → LegislationDetail Open source → LegislationDetail Open source → Home Open source → Hackman Capital Conjunctive Points Open source → Hackman Capital Will Manage 26 Building Culver City Portfolio Open source → Report On Closed Session Council Turns Down Purchase Of Culver Steps Negotiating Sony Animation Open source → Hackman Loses Culver City Office Campus Open source →
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People
Odis JonesAdam TroyMichael HackmanLaurie Samitaur Smith
Organizations
City of Culver CityCulver City Public Finance AuthorityCF CC Investor LLCHackman Capital PartnersFortress Investment GroupActors Fund Housing Development CorporationWIB Holdings LLCSamitaur Constructs
Properties
Sony Pictures Animation Campus9050 Washington BoulevardCulver StepsConjunctive Points Portfolio9300 Culver Boulevard10401 Virginia Avenue12592 Washington Place
Events
2026-06-22 Real Property Negotiations2026-08-24 9050 Washington Scheduled Public Sale
Financial entities
CF CC Investor LLCFortress Investment Group
More context

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organization

Hackman Capital Partners

Real estate development, investment and operating company with multiple documented Culver City properties, projects, financing relationships, corporate affiliates and pro…

Strategic manager, renovation/marketing/leasing lead for Conjunctive Points portfolio beginning in 2024Other party's negotiator for multiple Culver City/PFA property-negotiation items in 2026DevelopmentReal estate
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relationship

Hackman-Samitaur Conjunctive Points management alliance and 2026 City negotiation bridge

In September 2024 Hackman Capital Partners formed a strategic alliance with Laurie Samitaur Smith / Samitaur Constructs to manage the Conjunctive Points portfolio in Culv…

Samitaur Constructs — reported portfolio owner/developerHackman Capital Partners — strategic manager, renovation/marketing/leasing leadKevin Shannon / Newmark — facilitated 2024 allianceJonathan Firestone / Newmark — helped arrange financing
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Context note

The official September 14 agenda separately documents four property-negotiation groups. This update materially clarifies CS-3: the current Conjunctive Points leasing site lists 3958, 3960 and 3962 Ince Boulevard and 9046 Lindblade Street as portfolio addresses. September 2024 reporting describes Samitaur Constructs as the owner/developer of the broader Conjunctive Points portfolio and Hackman Capital Partners as strategic manager, while the 2026 City agenda names Hackman as the other party's negotiator. Los Angeles Business Journal independently characterizes the four buildings as Samitaur Constructs' Conjunctive Points properties managed by Hackman since 2024. The agenda therefore establishes a direct negotiation role for Hackman but does not establish Hackman ownership of those four parcels or a portfolio sale to Hackman. The public report-out reviewed resolves only parts of the property agenda: 9300 Culver Boulevard would not be pursued for acquisition and negotiating instructions were provided regarding 9050 Washington. No source reviewed establishes a completed outcome for the four Conjunctive Points addresses, 10401 Virginia, or 12592 Washington Place. No common purpose or coordination among the separate counterparties is inferred.

People
Odis JonesAdam TroyMichael HackmanKeith McNuttBarbara BillsHeather BakerYasmine-Imani McMorrinLaurie Samitaur Smith
Organizations
City of Culver CityCulver City Public Finance AuthorityCF CC Investor LLCHackman Capital PartnersFortress Investment GroupActors Fund Housing Development CorporationWIB Holdings LLCSamitaur Constructs
Properties
Sony Pictures Animation Campus9050 Washington BoulevardCulver StepsConjunctive Points Portfolio9300 Culver Boulevard3958 Ince Boulevard3960 Ince Boulevard3962 Ince Boulevard9046 Lindblade Street10401 Virginia Avenue12592 Washington Place
Events
2026-06-22 Real Property Negotiations2026-08-24 9050 Washington Scheduled Public Sale2024 Hackman-Samitaur Conjunctive Points management alliance
Relationships
City/PFA ↔ CF CC Investor LLC — 9050 Washington negotiation; public report-out says negotiating instructions were providedCity/PFA ↔ Michael Hackman / Hackman Capital Partners — 9300 Culver plus 3958/3960/3962 Ince and 9046 Lindblade negotiation3958/3960/3962 Ince + 9046 Lindblade ↔ Conjunctive Points — current portfolio marketing identifies all four addresses as Conjunctive Points; 2024 reporting describes Samitaur as owner/developer and Hackman as managerCity/PFA ↔ Actors Fund Housing Development Corporation — direct 10401 Virginia negotiation over terms and pricePFA ↔ WIB Holdings LLC — direct 12592 Washington Place negotiation over terms and price
Financial entities
CF CC Investor LLCFortress Investment Group
Developers
Hackman Capital Partners (Culver Steps development relationship; not asserted as owner/developer of the four Conjunctive Points addresses)Samitaur Constructs (Conjunctive Points portfolio owner/developer described in 2024 sources)Actors Fund Housing Development Corporation (proposed at 10401 Virginia)
Roles
Odis Jones — City Manager / Executive Director and negotiatorAdam Troy — Assistant City Manager and negotiatorCF CC Investor LLC — other party's negotiator for 9050 Washington BoulevardMichael Hackman / Hackman Capital Partners — other party's negotiator for 9300 Culver / Ince / Lindblade groupKeith McNutt / Actors Fund Housing Development Corporation — other party's negotiator for 10401 Virginia AvenueBarbara Bills / WIB Holdings LLC — other party's negotiator for 12592 Washington PlaceHeather Baker — City Attorney / public closed-session report-out
Categories
Real property negotiationPublic-private property activityCity Council closed sessionPublic Finance Authority
Themes
Property negotiationCommercial real estatePublic finance authorityDeveloper relationshipsDistressed real estatePotential property acquisitionAffordable housingPublic land redevelopmentClosed-session report-outPortfolio management
Addresses
9050 Washington Boulevard9300 Culver Boulevard3958 Ince Boulevard3960 Ince Boulevard3962 Ince Boulevard9046 Lindblade Street10401 Virginia Avenue12592 Washington Place
Amounts
$71-$71.3 million reported 9050 Washington foreclosure acquisition / credit bid
Aliases
September 14 property closed sessionsCS-2CS-3CS-6CS-727-30127-30227-32227-325