LA’s Television City Studio Lot Faces Sale Forced by Lenders (1)

Lenders are forcing Hollywood landlord Hackman Capital Partners, the largest independent studio and soundstage owner, to relinquish entertainment properties around Los Angeles as values plunge and demand stays soft.

A group of lenders led by Deutsche Bank AG is recruiting a real estate broker to market Television City, a historic lot in central Los Angeles that Hackman bought in 2019 for $750 million, according to people with knowledge of the process who asked not to be identified because the discussions are still underway. The property had a $350 million mortgage led by the German bank, according to county ...