Just as major Hollywood studios are in a moment of belt-tightening, so too are soundstage operators, which are making tough choices about locations to keep during a film and TV production slowdown and facilities that could be cut loose.

Take Hudson Pacific, the Victor Coleman-run owner of Sunset Bronson Studios (Netflix is an anchor tenant), which saw layoffs recently hit its production services division Quixote, per California WARN notices. The company, once a beneficiary of Wall Street investors betting on soundstages as a hot commodity during the streaming wars boom era, now touts in its latest Aug. 5 earnings release that it is poised to benefit from ongoing west coast focused investments into AI workforce office space. Or take the Michael Hackman-led Hackman Capital Partners, an owner and operator of the historic Raleigh Studios in Los Angeles as well as the Radford Studio Center, Television City, the Sony Pictures Animation Campus in Culver City and more major soundstages and production facilities.

Hackman has placed a For Sale sign on a Raleigh sibling location, Saticoy Studios in Van Nuys, at an $18 million price tag for the location with two soundstages in a 59,669-sq-ft building in the San Fernando Valley. Saticoy had been the home of Lets Make a Deal for a multiyear run, but the long-running Fremantle-produced game show now films in Glendale at Haven Studios.

Tellingly, in the listing brochure, Saticoy is described as formerly a purpose-built Film/TV sound stage property and that unique features make the property ideal for industrial or recreational uses.

Sam Glendon, who reps the Saticoy Studios listing for commercial real estate giant CBRE, tells The Hollywood Reporter that owners are open to buyers outside the entertainment space. We are targeting both types of buyers: those who would continue to operate it as a soundstage, and those with more traditional light industrial uses in mind such as manufacturing or assembly who could convert the property to suit their needs, the CBRE senior vice president notes.

Glendon adds, Since going to market, roughly half of the prospective buyers who have inquired and toured the property are from the entertainment industry, while the other half are interested in repurposing it for industrial use. The 1.68-acre lot is also zoned for industrial and manufacturing.

The main Raleigh Studios location, located on Melrose Avenue, has Netflix as the anchor tenant through 2031 using its 13 soundstages. The streaming giant uses Raleigh as the headquarters for several production banners Shonda Rhimes Shondaland, Barack and Michele Obamas Higher Ground, Meghan Markle and Prince Harrys Archewell that have overall deals, per an Aug. 13 report from global credit ratings business Morningstar DBRS disclosing a $165 million refinancing loan for Raleigh.

Yet even that Melrose Ave. location, with Netflix as a tenant, hasnt been immune from the effects of cost-cutting, projects leaving L.A. and a post-2023 labor strikes environment of fewer greenlights generally. These headwinds contributed to a slowdown in filming at the property during the second half of 2024 and first half of 2025, Morningstar noted of Raleigh in its credit report.

As a side note: Raleigh bills itself as the oldest continuously operating studio lot in the city, a title that the Occidental Studios complex near downtown Los Angeles also claims. The century-old Occidental, too, is up for sale at $45 million.

A FilmLA report released in April showed Los Angeles film and TV soundstage vacancies hitting historically high levels.