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ViacomCBS Eyes Sale of L.A. Studio in Hot Market for Stages

The CBS Studio Center complex in Los Angeles, California.

The CBS Studio Center complex in Los Angeles, California.

Photographer: Patrick T. Fallon/Bloomberg
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ViacomCBS Inc. is looking to sell a historic Los Angeles movie and television lot as the entertainment company tries to capitalize on the demand for production space.

The CBS Studio Center property, known locally as CBS Radford, is a 40-acre (16 hectare) site with 18 sound stages located in the Studio City neighborhood. It is on the market for an undisclosed price, according to people with knowledge of the matter.