business / news / / Los Angeles Times
Streaming entertainment giant Netflix is in negotiations to buy the historic Radford Studio Center movie lot in Studio City.
Netflix is negotiating to buy the Radford Studio Center in Studio City, Los Angeles.
KEY POINTS
- Radford Studio Center's previous owner, Hackman Capital Partners, defaulted on a $1.1-billion mortgage in January.
- Goldman Sachs currently owns the property and is negotiating a sale to Netflix for $330–$400 million.
- Hackman and Square Mile Capital bought the lot in 2021 for $1.85 billion from ViacomCBS.
COMPANIES
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