Netflix is under contract to buy the Radford Studio Center, a 55-acre production facility in Studio City, Los Angeles, from Goldman Sachs. The deal would give the streaming giant one of Hollywood’s most storied studio lots at a price that makes the previous owner’s investment look like a cautionary tale in commercial real estate.
The acquisition price is expected to land around $330 million. That’s roughly 82% less than the $1.85 billion that Hackman Capital Partners paid for the property when it bought it from ViacomCBS in 2021.
How Goldman Sachs ended up selling a Hollywood studio
Hackman Capital Partners acquired the Radford lot in 2021 at the peak of a streaming-fueled production boom, taking on approximately $1.1 billion in mortgage debt to finance the purchase. The subsequent rise in interest rates, coupled with low studio occupancy rates after recent labor strikes, led to significant operational pressures that prompted Hackman to default on its primary loan. Goldman Sachs repossessed the property in January 2026.
The Radford lot has hosted productions ranging from Seinfeld to Gilligan’s Island over its decades of operation.
