Lenders set Nov. 24 sale of Hackman's Radford Studio Center
Goldman Sachs-led lenders have set a Nov. 24 foreclosure auction of Hackman's Radford Studio Center, seeking about $1.3B, per The Registry.
Lenders led by Goldman Sachs have set a Nov. 24 trustee’s sale of Radford Studio Center in Studio City, The Registry reported. The Los Angeles Business Journal also reported an auction has been set. The owner is Hackman Capital Partners.
Why it matters
Per The Registry, the lenders are seeking about $1.3B at the sale of the 55-acre lot at 4024 Radford Ave. The Registry also says a Netflix handoff had been anticipated. Earlier press reports differed on whether Netflix was under contract or had closed, and we have not confirmed either outcome.
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The same owner already faces lender action elsewhere, as we covered in Lenders move on Hackman’s Television City over $357M debt. More Los Angeles distress is tracked on the Los Angeles hub.
The numbers
- Sale date: Nov. 24, per The Registry.
- Amount sought: about $1.3B, per The Registry.
- Site: 55 acres at 4024 Radford Ave, per The Registry.
Our intake found no recorded notice of sale for the property, so the date and amount rest on The Registry’s report. We have not independently confirmed them.
What’s next
The next check is the county recorder for a notice of trustee’s sale and any postponement before Nov. 24. Trustee’s sales are often postponed or cancelled when a borrower pays off or refinances, so the date is not firm until the day. For developers and brokers eyeing Los Angeles studio land, the outcome of this sale sets a visible price marker for the sector. We will update this brief if a recorded notice, a postponement or a Netflix filing appears.
More in Foreclosure & Distress News.
Quick answers
- What is the latest on Hackman Capital Partners in Los Angeles?
- Goldman Sachs-led lenders have set a Nov. 24 foreclosure auction of Hackman's Radford Studio Center, seeking about $1.3B, per The Registry.
- What are the key numbers for Hackman Capital Partners?
- reported sale date: Nov. 24; amount lenders seek, per The Registry: ~$1.3B.
- Where does the information on Hackman Capital Partners come from?
- The story cites The Registry and Los Angeles Business Journal.
On the record
Our July coverage of the Television City default shows the same owner already facing lender action on a second LA studio asset.
Our coverage · Read our earlier story
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