Hackman’s Television City Heads Toward Sale as Studio Distress Grips Hollywood
A Deutsche Bank-led lender consortium filed a notice of default against Hackman Capital Partners for over $357 million owed on Television City, a 25-acre landmark studio in Los Angeles's Fairfax District that has hosted productions including "The Price Is Right" and "American Idol," with potential buyers such as Rick Caruso circling the property. The default reflects broader distress in HCP's studio portfolio amid post-pandemic production slowdowns, 2023 industry strikes, rising interest rates, and studio consolidation, including Goldman Sachs's takeover of the Radford Studio Center and Netflix's pending $400 million acquisition of it for a fraction of the nearly $1.9 billion HCP paid for the property in 2021.
Published by Commercial Observer. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Commercial Observer
- Obtained from
- Unknown: source not established
- Published
- Jul 13, 2026
- Last updated
- Jul 13, 2026 (1 month ago)
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