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Posted on 01/19/2026 7:25:30 AM PST by T.B. Yoits
A century-old film and TV studio where “Seinfeld” and other hit shows were shot could shut down after the owner defaulted on a $1.1 billion loan.
It’s the latest in a series LA entertainment industry defaults, which have left Hollywood begging for mercy.
Hackman Capital Partners, the owner of the iconic CBS Radford Studios — where “Gilligan’s Island” and the classic 60’s western “Gunsmoke” were birthed — has plans to turn the property over to Goldman Sachs after failing to make payments, according to Bloomberg.
Hackman had hoped to capitalize on the streaming industry, which was booming at the time it bought the studio — but didn’t see Hollywood consolidation coming, according to industry insiders.
A person familiar with the studio and tenant negotiations told The Post that Radford is less than half way full and that at one point there was a thought to “eventually” make the lot residential, given its desired Studio City location.
Hackman gobbled up the Radford lot from ViacomCBS for $1.85 billion in 2021, according to Variety.
The purchase was part of a studio buying spree that also included LA’s CBS Television City. Hackman announced plans in 2023 to invest $1 billion to renovate the lot, which was built in 1928, Variety reported.
Entertainment Tonight and CBS News are two of the tenants that remain. It’s unclear what’s next for the lot.
(Excerpt) Read more at nypost.com ...
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That Radford / Studio City property is probably being eyed by developers, salivating at building many multiple-family residences, and Los Angeles County is probably salivating at property taxes for it going up-up-up.
(“Gilligan’s Island”)
I asked Dawn Wells how she finally got off the island 🏝️ (😜) and she told me that the studio had (somehow) built that lagoon for them. That was well over 30 years ago when I met her.
Dear God.
Would you please remove the word ICONIC from the human vocabulary?
Thanks you,
Chickensoup
Perfect use of that meme!
Replaced by AI latent space
I've been on the lot bunches of times, visiting some friends and eating at the old commissary. Heady times, back then. Wa-a-y back then. Democrats of today and their policies alongside hedgers financializing everything and leaving debt and bankruptcy in their wake have been a bane of the state. Sad, because California has such beauty and many natural wonders.
At least LA didn’t set the property they want on fire this time, which is nice.
Stick a fork in forking H-wood. It’s done. The problem now is how to disinfect the place after decades of infection by the loathsome left. There is no number large enough to encompass the amount of hate that collection of excrement deserves.
Your request was granted priusquam. I didn't use the word. Were I king of the forest, I would do that for you.
Seinfeld was a great show. There’s just no way that Hollywood is allowed to make that kind of show today.
“””and she told me that the studio had (somehow) built that lagoon for them. “”
They dug a big hole in a parking lot to create the lagoon.
Red Lobster all over again. They wanted the real estate for houses.
No way... seriously? lol 😂😆
I had figured that it was a pool inside a soundstage 😄
With lots of extra stuff around it
The price of property such as this, at least in the short term, must have risen since so many homes burned down in the Palisades fire.
Private equity strip mined it, loaded it up with debt, now they will bank the profits and sell off the parts.
Amen
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