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Hudson Pacific Properties

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Hudson Pacific Properties is a real estate investment trust focused on office properties and studio infrastructure on the U.S. West Coast and in Vancouver.

Last updated August 31, 2026

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Overview

Hudson Pacific Properties is a real estate investment trust and property owner-operator whose portfolio combines conventional office buildings with specialized studio and sound-stage facilities. The company is organized in Maryland and headquartered in Los Angeles, with assets concentrated on the West Coast of the United States and in Vancouver, Canada. Its business is distinctive because it serves both conventional office tenants and the entertainment-production industry, linking commercial real estate with the demand for film and television production space. The business began as Hudson Capital under the leadership of Victor J. Coleman. Its early expansion established a platform around studio properties in Los Angeles. In 2007, Hudson Capital acquired Sunset Gower Studios, followed in 2008 by the acquisition of Sunset Bronson Studios. These transactions gave the company a meaningful foothold in Hollywood production infrastructure and helped define the specialized asset base that later became central to its identity. In 2009, Hudson Capital was reorganized as Hudson Pacific Properties. The company subsequently entered the public markets through an initial public offering on June 29, 2010. As a public real estate investment trust, it pursued portfolio growth through acquisitions, development rights, joint ventures, and the operation of properties designed for both office use and media production. A major expansion occurred in December 2014, when Hudson Pacific acquired 26 properties in Northern California from The Blackstone Group's EQ Office business for $3.5 billion. The transaction substantially increased the company's office portfolio and made it the largest publicly traded owner-operator of office space in Silicon Valley at that time. This acquisition broadened Hudson Pacific beyond its Los Angeles studio roots and increased its exposure to major technology and business markets in Northern California. The company continued investing in studio assets. In 2017, it purchased Sunset Las Palmas Studios, further strengthening its position in Los Angeles production real estate. In March 2019, Hudson Pacific and funds managed by The Blackstone Group jointly acquired Bentall Centre in Vancouver. The transaction expanded the company's Canadian presence and added a major office complex to its portfolio. In June 2020, funds managed by The Blackstone Group acquired a 49 percent interest in several properties owned by Hudson Pacific. The investment created a closer ownership relationship between the two real estate platforms while leaving Hudson Pacific as an operating partner for the relevant assets. The portfolio described in reference material comprises approximately 15.8 million square feet of office buildings, approximately 1.5 million square feet of sound stages, and development rights for approximately 3 million additional square feet of commercial property. Hudson Pacific is also described as the largest independent operator of sound stages in Los Angeles. Its positioning therefore rests on a combination of scale, West Coast office exposure, and specialized entertainment real estate rather than on consumer-facing products. The company’s properties are its principal offerings, with value generated through ownership, leasing, operation, development, and strategic partnerships.

History

Hudson Pacific Properties developed from Hudson Capital, a real estate business founded under the leadership of Victor J. Coleman. Its early strategy was closely connected to Los Angeles entertainment infrastructure. In 2007, Hudson Capital acquired Sunset Gower Studios, followed in 2008 by the purchase of Sunset Bronson Studios. These acquisitions provided ownership of prominent studio facilities and established a specialized operating platform alongside the company's broader commercial real estate ambitions. In 2009, Hudson Capital was reformed as Hudson Pacific Properties. The renamed company became public on June 29, 2010, through an initial public offering. Its public-company structure enabled the business to pursue a larger acquisition and investment program while maintaining a focus on West Coast markets. The company's most consequential expansion came in December 2014, when it bought 26 properties in Northern California from The Blackstone Group's EQ Office business for $3.5 billion. The transaction materially increased Hudson Pacific's office holdings and made it the largest publicly traded owner-operator of office space in Silicon Valley at the time. This step diversified the company geographically and connected its portfolio to the office markets of Northern California, while its Los Angeles studio assets remained an important differentiator. Hudson Pacific continued to build its production-real-estate presence in 2017 through the acquisition of Sunset Las Palmas Studios. The purchase added to the company's cluster of Los Angeles sound-stage properties and reinforced its status as an independent operator of studio infrastructure. In March 2019, Hudson Pacific entered the Vancouver market through a joint acquisition of Bentall Centre with funds managed by The Blackstone Group. Bentall Centre added a substantial Canadian office complex to the portfolio and extended the company's geographic reach beyond the United States. In June 2020, Blackstone-managed funds acquired a 49 percent interest in several properties owned by Hudson Pacific. That transaction represented a property-level capital partnership and deepened the relationship between the two real estate organizations. The portfolio described in the available reference material includes about 15.8 million square feet of office buildings, about 1.5 million square feet of sound stages, and rights to develop roughly 3 million additional square feet of commercial property. Hudson Pacific is characterized as the largest independent operator of sound stages in Los Angeles. Its history therefore reflects two related growth paths: expansion through large office acquisitions in major West Coast business centers and accumulation of specialized studio properties serving film and television production. The company is organized in Maryland and headquartered in Los Angeles, with operations concentrated on the U.S. West Coast and in Vancouver.

  • 2020

    Blackstone property-level investment

    [1]

    Blackstone-managed funds acquired a 49 percent interest in several Hudson Pacific-owned properties.

  • 2019

    Bentall Centre joint acquisition

    [1]

    Hudson Pacific and Blackstone-managed funds jointly acquired Bentall Centre in Vancouver.

  • 2017

    Sunset Las Palmas Studios acquisition

    [1]

    Hudson Pacific acquired Sunset Las Palmas Studios, strengthening its Los Angeles studio portfolio.

  • 2014

    Northern California portfolio expansion

    [1]

    The company acquired 26 properties from EQ Office for $3.5 billion, becoming the largest publicly traded owner-operator of office space in Silicon Valley at that time.

  • 2010

    Initial public offering

    [1]

    Hudson Pacific Properties became a public company through an initial public offering on June 29.

  • 2009

    Reorganization as Hudson Pacific Properties

    [1]

    Hudson Capital was reorganized under the Hudson Pacific Properties name.

  • 2008

    Sunset Bronson Studios acquisition

    [1]

    Hudson Capital purchased Sunset Bronson Studios and further expanded its entertainment-production real estate holdings.

  • 2007

    Sunset Gower Studios acquisition

    [1]

    Hudson Capital acquired Sunset Gower Studios, beginning the documented expansion of its Los Angeles studio platform.

Products and positioning

A West Coast real estate investment trust differentiated by its combination of large-scale office ownership and specialized entertainment-production infrastructure, particularly sound stages in Los Angeles.

  • Commercial real estate

    Office buildings

    Hudson Pacific owns and operates office properties across major West Coast markets in the United States and in Vancouver. The office portfolio expanded substantially through the 2014 acquisition of 26 Northern California properties from EQ Office and later included the Bentall Centre complex in Vancouver. These assets provide conventional commercial space for business tenants and form the largest measured component of the portfolio.

  • Entertainment real estate

    Sound stages and studio campuses

    The company's studio platform includes Sunset Gower Studios, Sunset Bronson Studios, and Sunset Las Palmas Studios in Los Angeles. These facilities provide specialized production infrastructure for film and television activity. The available reference material identifies approximately 1.5 million square feet of sound stages and describes Hudson Pacific as the largest independent operator of sound stages in Los Angeles.

  • Real estate development

    Commercial development rights

    In addition to completed office and studio properties, Hudson Pacific holds undeveloped rights for approximately 3 million square feet of additional commercial property. These rights represent future development capacity associated with the company's real estate portfolio rather than a consumer product.

Brand decisions

  • 2020

    Property-level partnership with Blackstone fundsM&A

    Background

    Hudson Pacific used a strategic capital partnership to bring institutional investment into several properties while retaining an operating role.

    Action taken

    Funds managed by The Blackstone Group acquired a 49 percent interest in several properties owned by Hudson Pacific.

    Aftermath

    The transaction deepened the relationship between Hudson Pacific and Blackstone-managed funds at the property level.

  • 2019

    Joint acquisition of Bentall CentreM&A

    Background

    Hudson Pacific expanded its office platform into Vancouver through a partnership with funds managed by The Blackstone Group.

    Action taken

    The parties jointly acquired Bentall Centre in Vancouver.

    Aftermath

    The transaction extended Hudson Pacific's operating markets into Canada and added a major Vancouver office complex to its portfolio.

  • 2014

    Acquisition of the EQ Office Northern California portfolioM&A

    Background

    Hudson Pacific sought to expand beyond its Los Angeles studio base and grow its presence in major Northern California office markets.

    Action taken

    The company acquired 26 properties from The Blackstone Group's EQ Office business for $3.5 billion.

    Aftermath

    The transaction made Hudson Pacific the largest publicly traded owner-operator of office space in Silicon Valley at the time and materially broadened its office portfolio.

    Acquisition price. $3.5 billion (December 2014)

Sources1 sources

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