{"id":215754,"date":"2026-04-30T18:55:10","date_gmt":"2026-04-30T18:55:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/215754\/"},"modified":"2026-04-30T18:55:10","modified_gmt":"2026-04-30T18:55:10","slug":"historic-kaufman-astoria-studios-facing-foreclosure","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/215754\/","title":{"rendered":"Historic Kaufman Astoria Studios Facing Foreclosure"},"content":{"rendered":"

\n\tLender Deutsche Bank has filed a foreclosure complaint against Kaufman Astoria Studios<\/a> and its owner Hackman Capital Partners alleging the historic sound stage is in default on a loan that was due to be paid in full last fall. \u00a0<\/p>\n

\n\tThe loan, from 2021, was for $340 million. Deutsche Bank\u2019s complaint, filed in New York State Supreme Court for Queens County, puts the outstanding balance at $359 million as of March 26 including principal, accrued interest, late payment charges and exit fees.<\/p>\n

\n\tThe maturity date was Nov. 9, 2025 but no payment was made, it said.<\/p>\n

\n\t\u201cIn light of the Maturity Default, Agent seeks to enforce the terms of the Loan Documents and to foreclose upon the Mortgage,\u201d the filing says. It also asked for \u201ca deficiency judgment and related relief against Borrower and the guarantors of the Loans \u2026 to the extent the proceeds of the sale of the Mortgaged Property are insufficient to satisfy the full amount due and owing to Lender.\u201d<\/p>\n

\n\tHackman Capital declined to comment. The firm\u2019s founder and CEO Michael Hackman is also named as a defendant.<\/p>\n

\n\tHackman Capital with Square Mile Capital Management acquired Kaufman Astoria in 2022 amid a sound stage buying spree that included the purchase of New York City\u2019s Silvercup Studios in 2020 and the Radford Studio Center in LA in 2021. Hackman defaulted on the Radford campus early this year, Goldman Sachs took it over and and Netflix is talks to buy it<\/a>.<\/p>\n

\n\tKaufman Astoria and Radford are both historic properties. Kaufman, which opened in 1920, was the original home of Paramount Pictures. Sesame Street started filming there in 1992. Productions on its 11 sound stages have included Netflix\u2019s\u00a0Orange is the New Black, Showtime\u2019s\u00a0Nurse Jackie\u00a0and\u00a0The Affair, HBO\u2019s\u00a0The Undoing, Apple TV\u2019s\u00a0Dickinson.\u00a0. Feature film productions include\u00a0Deliver Us from Evil,\u00a0The Secret Life of Walter Mitty,\u00a0Men in Black 3,\u00a0The Bourne Legacy\u00a0and\u00a0The Irishman.<\/p>\n

\n\tThe foreclosure complaint comes at a challenging moment for the business with production well off its peak and many projects continuing to film overseas where costs are lower and incentives higher. Hackman\u2019s portfolio includes, among other sites, Eastbrook Studios in London, Cardington Film Studios in Bedford, UK. and Ardmore Studios and Greystones Media Campus in Ireland.<\/p>\n

\n\tStateside, there seems to be a growing divide among studio complexes. Earlier this week, Hudson Pacific Properties\u2019 Quixote Studios said it\u2019s exiting all of its leased sound stage facilities in Los Angeles except for Griffith Park.<\/p>\n

\n\tHudson Pacific called its separately owned Sunset Studios more \u201cresilient.\u201d The real estate trust said. Sunset\u2019s flagship Hollywood stages are 96% leased and a new Manhattan facility is 100% leased as \u201cbest-in-class, purpose-built studio real estate in prime locations continues to attract strong tenant interest even amid more moderate production levels.\u201d<\/p>\n

\n\tNext door to New York, New Jersey, a rising force in U.S. production, is holding its second annual Film Expo today, an all-day event at the Meadowlands Arena in East Rutherford. Governor Mikie Sherrill will deliver the keynote address\u00a0this afternoon.<\/p>\n","protected":false},"excerpt":{"rendered":"Lender Deutsche Bank has filed a foreclosure complaint against Kaufman Astoria Studios and its owner Hackman Capital Partners…\n","protected":false},"author":2,"featured_media":215755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[65890,9,11,10],"class_list":["post-215754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-kaufman-astoria-studios","tag-new-york","tag-new-york-headlines","tag-new-york-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/215754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=215754"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/215754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/215755"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=215754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=215754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=215754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}