BX · News · 20260921N
Hollywood Portfolio Loan Extension
Blackstone Inc. · 2026-09-21 · Importance 46 · Surprise 42 · In source text
Blackstone and Hudson Pacific Properties secured a 15-month extension on a $1.1 billion loan tied to their Hollywood studio portfolio. The extension moves the loan maturity to November 2027 and gives Hudson Pacific additional time to stabilize its production properties. The restructuring includes underperforming assets such as Quixote, while Hudson Pacific continues to report broader portfolio losses linked primarily to San Francisco Bay Area office holdings and the Quixote acquisition.
Key facts
- Hudson Pacific Properties and Blackstone Inc. have secured a 15-month extension on a $1.1 billion loan for their Hollywood studio portfolio, pushing the due date to November 2027. source
- The loan extension agreement involving Blackstone Inc. allows the REIT additional time to stabilize its production properties, including restructuring underperforming assets like Quixote. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | committed | — | Hudson Pacific Properties and Blackstone Inc. have secured a 15-month extension on a $1.1 billion loan for their Hollywood studio… |