Company: HPP
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001482512-25-000029
Chunk: 189

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 189
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 Square Foot(3)Los Angeles, CaliforniaSunset Gower Studios(4)OwnedHollywood12559,141 100.0 %82.1 %$23,466,080 $11,967,701 $51.17 Sunset Bronson StudiosOwnedHollywood9310,563 100.0 94.8 13,112,553 6,687,402 44.58 Sunset Las Palmas Studios(5)OwnedHollywood11341,464 31.3 42.2 6,160,055 3,141,628 41.43 Sunset Glenoaks Studios(6)OwnedSun Valley7241,000 N/AN/AN/AN/AN/ATotal in-service studio(7)391,452,168 76.8 %73.8 %$42,738,688 $21,796,731 $47.41 

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1.Percent leased for in-service studio is the average percent leased for the 12 months ended December 31, 2024. 

2.Annual base rent for in-service studio reflects actual base rent for the 12 months ended December 31, 2024, excluding tenant reimbursements.

3.Annual base rent per leased square foot for in-service studio calculated as (i) annual base rent divided by (ii) square footage under lease as of December 31, 2024.

4.6,650 square feet located at Sunset Gower Studios was taken off-line for repositioning.

5.18,594 square feet located at Sunset Las Palmas Studios was taken off-line for repositioning.

6.Trailing 12-month annualized base rent and occupancy will be available one year following construction completion in second quarter 2025.

7.Does not include 232,000 square feet related to Sunset Pier 94 Studios, which is currently under construction. We own 25.6% of the ownership interest in the unconsolidated joint venture that owns Sunset Pier 94 Studios. 

ITEM 3.    Legal Proceedings 

From time to time, we are a party to various lawsuits, claims and other legal proceedings arising out of, or incident to, our ordinary course of business. We are not currently a party, as plaintiff or defendant, to any legal proceedings that we believe to be material or that, individually or in the aggregate, would be expected to have a material adverse effect on our