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CBS Radford Studios Faces Closure After $1.1B Loan Default

1/17/2026

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Summary

Story summary

Hackman Capital Partners defaulted on a $1.1 billion loan, threatening closure of CBS Radford Studios in Los Angeles.
The studio has seen a decline in business, with empty lots and early cafeteria closures.
Hackman Capital Partners bought CBS Radford Studios in 2021 for $1.85 billion, aiming to capitalize on streaming.
Plans to renovate the studio for $1 billion were announced in 2023, but the future remains uncertain.

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Story summary

Hackman Capital Partners defaulted on a $1.1 billion loan, threatening closure of CBS Radford Studios in Los Angeles.
The studio has seen a decline in business, with empty lots and early cafeteria closures.
Hackman Capital Partners bought CBS Radford Studios in 2021 for $1.85 billion, aiming to capitalize on streaming.
Plans to renovate the studio for $1 billion were announced in 2023, but the future remains uncertain.