{"id":1004796144,"date":"2026-04-23T02:48:53","date_gmt":"2026-04-23T10:48:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796144"},"modified":"2026-04-27T07:18:14","modified_gmt":"2026-04-27T15:18:14","slug":"netflix-eyes-hollywood-production-center-at-massive-discount","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/netflix-eyes-hollywood-production-center-at-massive-discount\/","title":{"rendered":"Netflix Eyes Hollywood Production Center at Massive Discount"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7ac6e8605ce&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"933\" height=\"700\" data-attachment-id=\"1004796145\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/netflix-eyes-hollywood-production-center-at-massive-discount\/netflix-radford-studio-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg\" data-orig-size=\"933,700\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Netflix-Radford-Studio-Center\" data-image-description=\"&lt;p&gt;Picture obtained from a 2021 press release issued by Hackman Capital here: https:\/\/www.hackmancapital.com\/viacomcbs-to-sell-cbs-studio-center-for-1-85-billion-o-hackman-capital-partners-and-square-mile-capital\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Radford Studio Center last traded for nearly $1.9 billion in 2021, and now Netflix is reportedly looking to buy it for up to $400 million. Image courtesy of Hackman Capital Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg?w=933\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg\" alt=\"Exterior drone shot featuring the Radford Studio Center in Studio City, Calif., within the Hollywood market.\" class=\"wp-image-1004796145\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg 933w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 933px) 100vw, 933px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Radford Studio Center last traded for nearly $1.9 billion in 2021, and now Netflix is reportedly looking to buy it for up to $400 million. <em>Image courtesy of Hackman Capital Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Netflix is reportedly looking to buy the Radford Studio Center, a 1.2 million-square-foot stage, support and office campus that serves in movie production, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-21\/netflix-said-to-be-in-talks-for-la-studio-lot-seized-by-goldman\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">according to <em>Bloomberg<\/em><\/a>. A group of lenders led by Goldman Sachs seeks to divest the Studio City, Calif., property, after Hackman Capital Partners defaulted on a $1.1 billion loan.<\/p>\n\n\n\n<p>The asset could change hands for $330 million to $400 million, as reported by <em>The Los Angeles Times<\/em>. Radford Studio Center previously commanded nearly a whopping $1.9 billion in its 2021 trade, when Hackman Capital Partners and Square Mile Capital Management acquired it from ViacomCBS.<\/p>\n\n\n\n<p>The deal came as production increasingly moved to user-owned facilities instead of leased studio space. Hackman had initially planned a $1 billion modernization of the 1928-completed property, but rising interest rates and the 2023 writers\u2019 and actors\u2019 strikes pressured Los Angeles studio real estate values.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/commercial-real-estate-trends\/\">Trends in Commercial Real Estate<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Radford Studio Center hosted innumerable TV shows and movies, including \u201cSeinfeld,\u201d \u201cGilligan\u2019s Island,\u201d \u201cWill &amp; Grace\u201d and, most recently, \u201cWonder Man\u201d. The 55-acre campus is at 4200 Radford Ave., about 8 and 12 miles northwest of downtown Hollywood, Calif., and Los Angeles, respectively.<\/p>\n\n\n\n<p>The local studio market recorded a vacancy of 62 percent at the 2025 midyear point, according to FilmLA data. Radford Studio Center was 61 percent leased as of September, as reported by <em>Bloomberg<\/em>, with the tenant roster including Paramount and CBS.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-netflix-s-dominion-over-hollywood-and-its-eastward-expansion\">Netflix&#8217;s dominion over Hollywood and its Eastward expansion<\/h2>\n\n\n\n<p>Netflix is the largest commercial tenant in Hollywood, according to the <em>Los Angeles Times<\/em>. The company leases roughly 1.5 million square feet in the market, including 722,305 square feet at properties owned by Hudson Pacific.<\/p>\n\n\n\n<p>However, the company also seeks to develop its own properties. The firm plans to invest $1 billion to build an East Coast base of operations, in New Jersey, dubbed Netflix Studios Fort Monmouth. The project will include 12 soundstages totaling approximately 500,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The asset may trade for at least $1 billion less than its previous sale price. <\/p>\n","protected":false},"author":3471,"featured_media":1004796145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1594,21752,21742,15],"tags":[33435,33897,33420,33318],"class_list":["post-1004796144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-los-angeles","category-mixed-use","category-latest","category-west","tag-goldman-sachs","tag-hackman-capital-partners","tag-netflix","tag-square-mile-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Netflix Eyes Hollywood Production Center at Massive Discount - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Netflix is interested in paying up to $400 million for the Radford Studio Center in Hollywood, Calif., after Hackman defaulted on debt.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/netflix-eyes-hollywood-production-center-at-massive-discount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix Eyes Hollywood Production Center at Massive Discount\" \/>\n<meta property=\"og:description\" content=\"Netflix is interested in paying up to $400 million for the Radford Studio Center in Hollywood, Calif., after Hackman defaulted on debt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/netflix-eyes-hollywood-production-center-at-massive-discount\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-23T10:48:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-27T15:18:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Netflix-Radford-Studio-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"933\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/netflix-eyes-hollywood-production-center-at-massive-discount\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/netflix-eyes-hollywood-production-center-at-massive-discount\\\/\"},\"author\":{\"name\":\"Claudiu Tiganescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/cbed638584257d6fb5a2a9c95c982b66\"},\"headline\":\"Netflix Eyes Hollywood Production Center at Massive Discount\",\"datePublished\":\"2026-04-23T10:48:53+00:00\",\"dateModified\":\"2026-04-27T15:18:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/netflix-eyes-hollywood-production-center-at-massive-discount\\\/\"},\"wordCount\":339,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/netflix-eyes-hollywood-production-center-at-massive-discount\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/Netflix-Radford-Studio-Center.jpg\",\"keywords\":[\"Goldman Sachs\",\"Hackman Capital Partners\",\"Netflix\",\"Square Mile Capital Management\"],\"articleSection\":[\"Investment\",\"Los Angeles\",\"Mixed Use\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/netflix-eyes-hollywood-production-center-at-massive-discount\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/netflix-eyes-hollywood-production-center-at-massive-discount\\\/\",\"name\":\"Netflix Eyes Hollywood Production Center at Massive Discount - 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