Fortress takes over Hackman’s Culver City campus
Michael Hackman has lost the Sony campus in Culver City. Hackman Capital Partners, which purchased the creative office campus at 9050 Washington Boulevard with partner Affinius Capital in 2021 for around $160 million, defaulted on its debt earlier this year. Hackman owed about $100 million on a note that was originated by Goldman Sachs. “The circumstances surrounding 9050 Washington Boulevard are specific to this property and its tenancy,” a Hackman representative said in a statement to TRD. “After the single, long-term occupant left the office campus, we evaluated multiple leasing and alternative asset strategies, including redevelopment. Ultimately, we determined that […]This article originally appeared on The Real Deal. Click here to read the full story.
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