BX · News · 20260805N
Hollywood Loan Special Servicing
Blackstone Inc. · 2026-08-05 · Importance 64 · Surprise 42 · In source text
A $1.1 billion loan backed by Hollywood studio properties owned by Hudson Pacific Properties and Blackstone moved into special servicing ahead of its August 9 maturity date. The collateral includes Sunset Gower, Sunset Las Palmas, and Sunset Bronson Studios, which were reported to be 95.5% leased, with Netflix’s future tenancy a key consideration. The borrowers agreed terms for a longer-term extension and a separate 30-day extension while final documentation was completed.
Key facts
- A $1.1 billion loan to Hudson Pacific Properties and Blackstone, backed by Hollywood studio properties partially leased to Netflix, has moved into special servicing ahead of its August 9 maturity date. source
- The Hollywood studio properties securing the $1.1 billion loan are Sunset Gower, Sunset Las Palmas, and Sunset Bronson Studios, which are 95.5% leased. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | contingent | — | A $1.1 billion loan to Hudson Pacific Properties and Blackstone, backed by Hollywood studio properties partially leased to Netflix, has… |