event

September 28, 2026 9050 Washington Boulevard Purchase Option Action Item

2026-09-28 September 2026 Purchase option agreement approved unanimously; property acquisition not approved or completed
At a glance

On September 28, 2026, the Culver City Council and Culver City Public Finance Authority Board unanimously approved a purchase option agreement with CF CC Investor LLC giving the Authority the exclusive right, but not the obligation, to pursue acquisition of 9050 Washington Boulevard. The option approval did not approve or complete the property purchase.

Open primary source → Browse 3 sources ↓
City Council / Public Finance Authority action item Direct City agenda/staff record for the proposed action; contemporaneous local reporting for the recorded unanimous approval
What the record shows

Key facts

Address
9050 Washington Boulevard, Culver City, CA 90232
Documented amounts
$103,000,000 potential purchase price · $375,000 earnest money / option payment · Up to $500,000 due-diligence expenditures · Staff-described potential conduit or revenue bond financing (no financing approved in option vote)
Evidence

Sources

LegislationDetail Open source → City Approves Purchase Option Agreement For 9050 Washington Blvd Open source → 16593 Open source →
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Linked records

Direct links named in this record: people, organizations, properties, projects, events and other canonical archive records.

Organizations
City of Culver CityCulver City Public Finance Authority
Properties
9050 Washington BoulevardSony Pictures Animation Campus
More context

Related records

Ranked by documented overlap such as a shared project, property, person, organization, event, relationship, or an explicit link between records.

organization

CF CC Investor LLC

Entity identified in 2026 records concerning the former Sony Pictures Animation campus at 9050 Washington Boulevard. The Registry identified CF CC Investor LLC in May 202…

Reported lender — 9050 Washington BoulevardOther party's negotiator — September 14, 2026 Culver City closed-session agendaSeller / option counterparty — September 28, 2026 Culver City Public Finance Authority purchase optionCommercial real estate finance
Directly linked from this record · Links back to this record
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relationship

H&R REIT — Hackman Capital / Square Mile — 9050 Washington sale, January 2021

Primary seller and buyer records establish the transfer of the Sony Pictures Animation Campus in January 2021. H&R Real Estate Investment Trust reports selling its 172,03…

H&R Real Estate Investment Trust — sellerHackman Capital Partners — buyer / acquisition partnerSquare Mile Capital Management — buyer / acquisition partnerProperty acquisition
Directly linked from this record · Same property: 9050 Washington Boulevard
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Archive indexing

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Context note

The City Legistar record identifies the item and recommended approvals but still shows a blank Final Action field. Contemporaneous October 1-2, 2026 local reports state that the City Council and Culver City Public Finance Authority Board unanimously approved the option agreement. CCR therefore records the option approval while preserving the Legistar discrepancy. The option gives the Authority a right, not an obligation, to pursue acquisition; it does not establish a completed purchase or approval of a development project. The September 28 staff report describes an unsolicited economic-development opportunity evaluated via LAEDC; this is an identified institutional contact, not evidence of LAEDC's involvement in any consummated purchase. Staff's approximately 198,000 sq ft description in 2026 differs from H&R's seller-reported 172,039 sq ft in 2021; these source/time distinctions should not be silently combined.

Organizations
City of Culver CityCulver City Public Finance AuthorityLos Angeles Economic Development Corporation
Properties
9050 Washington BoulevardSony Pictures Animation Campus
Events
2026-09-28 purchase option approval
Relationships
Culver City Public Finance Authority ↔ CF CC Investor LLC — approved purchase option concerning 9050 Washington BoulevardCity of Culver City -> LAEDC: City staff described evaluation of an unsolicited economic-development opportunity via LAEDC, separate from any completed property acquisition
Categories
Real propertyPotential municipal acquisition
Themes
Potential municipal acquisitionReal property transaction
Money context
$375,000 Authority payment under the option agreementUp to $500,000 Authority due-diligence expenditures$103,000,000 potential purchase price subject to due diligence and appraisal
Addresses
9050 Washington Boulevard, Culver City, CA 90232
Amounts
$103,000,000 potential purchase price$375,000 earnest money / option paymentUp to $500,000 due-diligence expendituresStaff-described potential conduit or revenue bond financing (no financing approved in option vote)