REIT Nabs $1.1B Loan Extension

Hudson Pacific Properties (HPP) offered to buy back up to $200M of its 2027 and 2028 notes, with $100M allocated per series. The tender expires October 9, 2026, and will be funded by cash or its revolver. The move is part of the company's liability management strategy.

Hudson Pacific Properties, Inc. (HPP) filed an SEC Form 8-K — Regulation FD Disclosure. Hudson Pacific Properties, Inc. Press Release Hudson Pacific Properties Announces Cash Tender Offer for Outstanding Notes LOS ANGELES (October 5, 2026)—Hudson Pacific Properties, Inc. (NYSE: HPP) (“Hudson Pacific”) today announced that its operating partnership, Hudson Pacific Pr

Hudson Pacific Properties (HPP) extended a $1.1B loan on its Hollywood Media Portfolio to 2027, with no principal paydown. The REIT will use a $20M reserve for leasing. HPP aims to improve income to support future refinancing. Studio occupancy is high, but office leasing remains a focus.

Hudson Pacific Properties (HPP) and Blackstone secured a 15-month extension on a $1.1B loan for a 2.2M SF Hollywood portfolio. The loan, now due in 2027, was moved to special servicing last month. HPP agreed to a $20M leasing reserve and a SOFR swap at 3.5%. The portfolio is 95.5% leased, but HPP reported Q2 losses of $105M.

Hudson Pacific Properties (HPP) discussed Q2 2026 results and leasing on its earnings call. The company said it signed 1.3 million sq ft of office leases, raised occupancy to 82.5% and lease rate to 82.8%, and reported total revenues of $188.3 million. It also cited progress on a $200 million disposition target and studio NOI of $4.6 million.

Bisnow reports Hudson Pacific Properties (HPP) and Blackstone face a $1.1B CMBS refinancing maturity on Aug. 9 tied to the Sunset Studios portfolio. The loan entered special servicing shortly before maturity. HPP said it secured a short-term extension while negotiating a longer-term deal. HPP has about $566M of the debt; the portfolio is 95.5% leased with Netflix committed through 2031.