Lenders are forcing Hollywood landlord Hackman Capital Partners, the largest independent studio and soundstage owner, to relinquish entertainment properties around Los Angeles as values plunge and demand stays soft.
A group of lenders led by Deutsche Bank AG is recruiting a real estate broker to market Television City, a historic lot in central Los Angeles that Hackman bought in 2019 for $750 million, according to people with knowledge of the process who asked not to be identified because the discussions are still underway. The property had a $350 million mortgage led by the German bank, according to county ...
