Goldman to Acquire LA Film Lot After $1.1 Billion Default (1)

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.

“We’ve made the difficult decision to inform the lenders that we must pause further efforts to complete the restructuring,” Hackman’s HCP Studio Fund told investors in a letter shared with ...