H
ackman Capital Partners has partnered with Laurie Samitaur Smith of Samitaur Constructs to manage a 26-building portfolio in Culver City, known as Conjunctive Points. This mixed-use neighborhood features creative offices, restaurants, and parks within the city's Hayden Tract. The 26.7-acre portfolio was developed over 35 years ago by Samitaur Constructs, founded by Smith and her late husband Frederick.

    Chicago-based JLL will join Hackman Capital to manage the portfolio, while brokers from JLL and Cushman & Wakefield will handle property leasing. Notable office tenants at Conjunctive Points include Nike, Scopely, and Vespertine. Kevin Shannon of Newmark helped arrange the partnership deal, citing Hackman Capital's existing commitment to the submarket as a key factor.

    Jonathan Firestone of Newmark also assisted in securing new financing for the portfolio, although details were not disclosed. The Hayden Tract was redeveloped by Smith and architect Eric Owen Moss in the 1980s with a focus on adaptive reuse and eclectic design. Hackman Capital's founder, Michael Hackman, praised Samitaur Constructs' pioneering efforts in transforming the area into a vibrant mixed-use neighborhood.

    This partnership comes as Hackman Capital recently secured approval for its $1.25 billion plan to redevelop Television City in Fairfax.