More losses at Hudson Pacific Properties. The Los Angeles-based real estate investment trust reported a loss of $136.5 million in the third quarter compared to $97.9 million a year earlier. That put losses for the nine months ending Sept. 30 at $294.3 million. The office and studio investor blamed the slump on the deconsolidation of Sunset Glenoaks, a $200 million purpose-built studio developed by Hudson Pacific Properties in partnership with Blackstone. It’s only 8 percent leased after being delivered last year. Office and studio revenues decreased in the third quarter compared to a year ago, too, so total revenues came […]
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