Hudson Pacific Extends Maturity on $1.1B Hollywood Media Loan

Hudson Pacific Properties, Inc. and its joint venture partner have extended the $1.1-billion CMBS loan secured by the Hollywood Media Portfolio. The extension moves the loan’s maturity to Nov. 9, 2027, with the stated interest rate unchanged and no principal paydown required at closing.

The 2.2-million-square-foot Hollywood Media Portfolio includes Sunset Gower Studios, Sunset Las Palmas Studios and Sunset Bronson Studios, along with five on-lot or adjacent Class A office properties, ICON, EPIC, Harlow, 6040 Sunset and CUE. The portfolio also includes rights to build another 1.1 million square feet of office and production space. Hudson Pacific owns a 51% interest in the portfolio through the JV and oversees day-to-day operations, leasing and development.

“This extension underscores our ability to execute a positive outcome for shareholders,” said Harout Diramerian, Hudson Pacific’s CFO. “It provides us with additional time and flexibility to advance our leasing strategy across this portfolio, while proactively managing our broader debt maturity schedule.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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