With the Writers Guild of America strike over and the Screen Actors Guild-American Federation of Television and Radio Artists strike still ongoing, studio and office landlord Hudson Pacific Properties is holding on for the resolution of the latter but continues to feel the crunch of dramatically slowed leasing.
One tenant’s decision not to renew six soundstages at the Sunset Las Palmas campus due to the strike dropped the 12-month trailing lease activity for the property by 5.8% to 90% in the third quarter — the lowest since 2017, the company reported.Stages under the Quixote brand, a company… Read the full story here. |