Deals

Goldman to Acquire LA Film Lot After $1.1 Billion Default

Radford Studio Center in Studio City, California.Photographer: Gary Coronado/The Los Angeles Times/Getty Images

Goldman Sachs Group Inc. is leading a takeover of a historic Los Angeles studio lot after the owner, Hackman Capital Partners, defaulted on a $1.1 billion mortgage.

The Radford Studio Center, a one-time silent movie lot where Gilligan’s Island and Seinfeld were shot, is being returned to lenders led by Goldman after months of failed talks to modify the loan. It was appraised at $1.8 billion in 2021.