Plans for a $500-million movie studio on the site of a former Boeing Co. airplane factory in Long Beach are on hold because a long-pending sale of the property fell out of escrow, Boeing said Monday.

The would-be developers said they still hoped to complete the transaction, and Boeing acknowledged that negotiations were continuing.

A group of investors led by character actor Jack O’Halloran said in September that they had secured financing to convert the site next to Long Beach Airport into an elaborate, self-contained production facility with 40 soundstages, a water tank stage, offices, commissary, bungalows, a private hotel and an indoor set of a New York street.

The pending sale price was not disclosed, but local real estate experts estimated the old plant was worth $100 million.

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