Kaufman Astoria Studios draws pre-foreclosure suit
A lender is telling one of the city’s most iconic filming studios to pay up. Deutsche Bank has filed for foreclosure on the 500,000 square foot Kaufman Astoria Studios in Queens. The lender is claiming the borrower, a partnership tied to Hackman Capital, failed to pay back the loan by the November maturity date and now owes about $359 million. The lender is also seeking a judgement against guarantor Michael Hackman and others. As the city tries to increase its studio space, monetary troubles at one of the city’s biggest and most famous studios could be a worrisome sign. In […]
This article originally appeared on The Real Deal. Click here to read the full story.
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