property

Sony Pictures Animation Campus

September 28, 2026 purchase option with CF CC Investor LLC reported unanimously approved; the option gives the Culver City Public Finance Authority the right, but not the obligation, to pursue a $103 million purchase. No completed City acquisition is established.
At a glance

Former Sony Pictures Animation campus centered at 9050 Washington Boulevard in Culver City. Primary records establish a January 2021 H&R sale to Hackman Capital Partners and Square Mile Capital Management for US$165 million; 2026 reporting documents a mortgage default and Fortress takeover at roughly $71-$71.3 million. Culver City's September 28, 2026 purchase option with CF CC Investor LLC was later reported unanimously approved, but the option did not approve or complete a municipal acquisition.

Commercial / entertainment campus Primary 2021 seller and buyer records, primary City agenda evidence, and contemporaneous 2026 business reporting
What the record shows

Key facts

Amount
$71-$71.3 million reported 2026 foreclosure acquisition / credit bid
Address
9050 Washington Boulevard, Culver City, California
Financial context
H&R sold the property in January 2021 for US$165 million to Hackman Capital Partners / Square Mile Capital Management. The campus later entered a 2026 mortgage-default and foreclosure sequence; sources agree on a Fortress takeover at roughly $71-$71.3 million but conflict on the exact auction/closing date. The City separately negotiated concerning the property.
Documented amounts
US$60.3 million H&R reported May 2004 acquisition cost · US$165 million H&R reported January 2021 sale price · $103-$104 million reported 2026 debt/note balance · $71-$71.3 million reported 2026 foreclosure acquisition / credit bid · $53.5 million reported post-sale mortgage · $103,000,000 proposed City/PFA purchase price · $375,000 earnest money under draft agreement
Cf Cc Investor Fortress Relationship
Exact shared headquarters/office address documented; ownership/control/affiliate relationship not established.
Evidence

Sources

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Context note

The prior-acquisition chronology is materially clarified by primary sources. H&R's Q1 2021 financial report gives a January 25, 2021 disposition date for 9050 W. Washington Boulevard, 172,039 square feet, with a selling price equivalent to US$165 million; H&R's 2020 annual report says the property was acquired in 2004 for approximately US$60 million and sold for US$165 million. Hackman announced on January 26, 2021 that Hackman Capital Partners and Square Mile Capital Management had acquired the Sony Pictures Animation Campus. These primary records outweigh later 2026 reporting that described a 2019 Hackman/Affinius acquisition for $160 million; that later discrepancy is retained as a source conflict, not adopted as the canonical acquisition date. Los Angeles Business Journal and Avison Young 2021 market reports identify the transaction address as 9094 and 9050 Washington Boulevard, while H&R and Hackman's primary records use 9050; both street-address formulations are preserved in the canonical addresses array rather than creating a separate thin property page. The separate 2026 foreclosure-date conflict remains unresolved. The City agenda names CF CC Investor LLC, not Fortress, as its September 14 negotiation counterparty. A September 29 LEI/contact-page cross-check documents that CF CC Investor LLC's listed headquarters exactly matches Fortress's New York office address; this is treated as shared-address evidence only, not proof of ownership, control, parentage, nominee status, agency, or affiliate status. No completed City purchase or future use is asserted. A City-posted 2026 draft Purchase Option Agreement names CF CC Investor LLC as seller and the Culver City Public Finance Authority as buyer at a stated $103 million price, with $375,000 earnest money and a closing on or before February 28, 2027. The draft is unsigned on its face and contains blank dates and drafting placeholders, so CCR does not treat the acquisition as completed. Contemporaneous October 1-2, 2026 reporting states that the City Council and Culver City Public Finance Authority Board unanimously approved the September 28 purchase option. Legistar's Final Action field remained blank when rechecked, so CCR preserves that discrepancy. The approval is not a completed acquisition.