Netflix to Buy Radford Studio Center at Auction

Lenders seek about $1.3 billion for the 55-acre Studio City lot at a November 24 foreclosure sale in Pomona.

Updated on Nov. 12, 2026 in Commercial

Bold flat-color editorial illustration of a plain sound-stage building behind a closed chain-link gate and a lone palm, evoking a studio lot changing hands. — Netflix is poised to buy the 55-acre Radford Studio Center in Studio City at a November 24 foreclosure auction in Pomona, where lenders seek about $1.3 billion. AI Illustration. Upload story photo >

Netflix is poised to acquire the Radford Studio Center, a 55-acre lot in Studio City, at a foreclosure auction scheduled for November 24, 2026. Lenders are seeking an estimated $1.3 billion at the Pomona sale.

Why it matters

The lot would give Netflix ownership of a major Los Angeles production campus. The proposed sale, which had been in talks at as much as $400 million, did not close by the expected deadline.

Lenders are seeking an estimated $1.3 billion for the 55-acre property, roughly matching the debt tied to it, compared with the up-to-$400 million Netflix had discussed and Hackman Capital's $1.85 billion purchase in 2021. Whether a rival bidder will appear before the November 24 sale remains unknown.

The players

Netflix

Netflix is a global streaming entertainment company that has been expanding its production footprint in Los Angeles.

Hackman Capital Partners

Hackman Capital Partners is an investment firm that bought the Radford Studio Center in 2021 before lenders repossessed it.

Goldman Sachs

Goldman Sachs is a global investment bank that leads the lender group seeking to sell the Radford Studio Center.

The details

Lenders repossessed the lot from Hackman Capital Partners about nine months ago, and talks with Goldman Sachs-led lenders had been ongoing. No transaction was completed by the earlier deadline, and the sale is now set for a foreclosure auction in Pomona.

2021: Hackman Capital Partners bought the property for $1.85 billion.
About nine months before November 11, 2026: Lenders repossessed the lot from Hackman Capital Partners.
Earlier in 2026: The proposed Netflix sale was expected to close but did not.
November 24, 2026: Foreclosure auction scheduled in Pomona.

Commercial Real Estate Context

Streaming companies have been acquiring and leasing large Los Angeles studio campuses to secure production capacity, and this foreclosure sale extends that pattern. The outcome would show whether debt-heavy studio properties can still attract strategic buyers at current valuations.

For Los Angeles commercial real estate watchers, the sale could set a benchmark for how much debt-laden studio campuses fetch at auction. Production crews and local vendors may see changes in how studio space is leased or used depending on who takes ownership.

The takeaway

Large studio properties are changing hands under debt pressure, and buyer identity will shape how Los Angeles production space is used in coming years. Readers tracking commercial real estate should watch the November 24 auction result closely.

What happens next

The Pomona foreclosure auction is scheduled for November 24, 2026, when the outcome of lender bidding for the Radford Studio Center will be determined.