BX · News · 20260921N

Commercial Real Estate Credit Stress

Blackstone Inc. · 2026-09-21 · Importance 46 · Surprise 42

Hudson Pacific Properties and Blackstone secured a 15-month extension on a $1.1 billion loan tied to their Hollywood studio portfolio, moving the maturity to November 2027. The extension provides additional time to stabilize the production properties, including restructuring underperforming assets such as Quixote. Hudson Pacific continues to face broader portfolio losses, driven primarily by office holdings in the San Francisco Bay Area and issues with its Quixote acquisition.