Analysis of Blackstone-Hudson Pacific Properties Real Estate Deal

Greenberg Glusker real estate partner, Craig Coan, shares his insights regarding a recent Hollywood real estate deal in the article, "Analysis of Blackstone-Hudson Pacific Properties Real Estate Deal," published by The Real Deal on August 4, 2020.

Excerpts:

“Running studios is a niche operation,” said Craig Coan, a real estate lawyer at Greenberg Glusker.

“This space will be in huge demand once all restrictions are lifted,” Coan said. “I understand that there are a lot of content creators waiting to get into the studios.”

Coan sees Blackstone maybe “testing the waters,” and then perhaps snagging a majority stake in the Hollywood studios.

The attorney noted that Hudson Pacific has built a strong brand, but “everybody is always for sale.”

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