Lenders facing a massive haircut are sending the distressed Radford Studio Center to the auction block, with Netflix lined up as the frontrunner for a steep discount. The 55-acre lot in Studio City is scheduled for a Nov. 24 foreclosure auction in Pomona, the Hollywood Reporter reported. Goldman Sachs-led lenders are seeking roughly $1.3 billion, representing the debt tied to the property, nine months after repossessing it from Hackman Capital Partners. The auction follows months of negotiations with Netflix, which has been in talks to buy the property for as much as $400 million, or a fraction of the nearly […]
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