8legs: Hudson pacific properties

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What’s Going On With Netflix Buying Radford Studio Center? One Clue

Netflix is in advanced negotiations to acquire the Radford Studio Center in Studio City, potentially reshaping its LA production footprint.
Hudson Pacific hints the deal could keep Radford as a soundstage campus with limited office space, affecting current leases.
The deal could complement Netflix’s existing LA and other regional hubs, including Albuquerque and an upcoming New Jersey site.
Radford’s sale is tied to ongoing shifts in studio content spend after 2022, with vacancies and mortgage defaults affecting Hackman Capital.
Goldman Sachs has taken over Hackman’s mortgage and is negotiating a sale price around $330 million for Radford.
If the sale closes, Netflix would gain an owned-and-operated LA production space alongside other regional hubs.
The Radford campus focuses on production facilities rather than extensive office space, influencing how Netflix uses its LA footprint.
The Hollywood Reporter frames the possible Radford purchase as part of broader LA soundstage dynamics and landlord-tenant relationships.
Radford’s historical use includes classic productions and a varied set environment suitable for multiple shoot uses.
The deal's outcome remains contingent on Netflix’s final decision and negotiations with lenders and landlords.

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