Netflix Deal for Radford Lot Stalls
Hudson Pacific says Netflix has not closed its proposed purchase of the Radford Studio Center lot in Los Angeles.
Updated on Nov. 6, 2026 in Commercial
Netflix's proposed acquisition of the Radford Studio Center lot has stalled, according to Hudson Pacific CEO Victor Coleman, who said the transaction has not closed. Netflix is weighing how much studio space it needs in Los Angeles.
Why it matters
The lot does not fit the footprint of Netflix's existing office replacement needs, and the outcome could shape how the company meets its studio space requirements in Los Angeles. The stalled talks also follow Hackman Capital Partners' failed refinancing efforts with its lenders.
Hackman Capital Partners paid $1.85 billion for the lot in 2021 and pledged $1 billion in renovations in 2023. The previous owners allegedly defaulted on a $1.1 billion mortgage.
The players
Netflix
Netflix is the global streaming entertainment company weighing how much studio space it needs in Los Angeles.
Hudson Pacific Properties
Hudson Pacific Properties is a Los Angeles-based real estate investment trust that owns and operates office and media properties.
Victor Coleman
Victor Coleman is the chief executive of Hudson Pacific Properties, who spoke publicly about the stalled deal.
Hackman Capital Partners
Hackman Capital Partners is the investment firm that bought Radford Studio Center in 2021 and later faced failed refinancing talks.
The details
Hackman Capital Partners' refinancing talks with its lenders failed, and Netflix was reportedly in talks to buy the lot. Coleman said Netflix and Hudson Pacific have held ongoing conversations about extending the lease beyond 2031.
Timeline
2021: Hackman acquired Radford Studio Center from ViacomCBS for $1.85 billion.
2023: Hackman vowed to invest $1 billion to renovate the lot.
August 2026: Reports emerged that Netflix was interested in buying the lot.
November 6, 2026: Coleman discussed the stalled deal on an earnings call.
Year-end 2026: Coleman said some resolution is hoped for by then.
Market Landscape
The 2021 sale of Radford Studio Center from ViacomCBS to Hackman Capital Partners for $1.85 billion set the stage for the current deal. The stalled Netflix talks reflect how much the lot's value has changed since that purchase.
The outcome of the Radford lot deal could determine whether Netflix expands its studio footprint in Los Angeles or leaves the lot in its current ownership. Local production crews and studio vendors may see changes in available space depending on how the transaction resolves.
The takeaway
Large studio lot sales can take unexpected turns when financing and tenant needs shift. Watch for updates on the lease and transaction status as the year closes.
Further reading
For more on commercial property deals in the region, browse Commercial coverage.
