Hudson Pacific Pays $93M for Hollywood Office Tower

LOS ANGELES-Hudson Pacific Properties Inc. has purchased the 205,522-square-foot office building at 6922 Hollywood Blvd. for $92.5 million in the Hollywood district of this city. The sale price includes assumption of a $42.2 million loan. The seller of the 12-story building was CIM Group, one of the largest office and retail landlords in Hollywood.

The purchase is the fourth Hollywood property that Hudson Pacific has bought in the past year, and the company’s seventh acquisition in the same period. The latest Hollywood buy builds on “the burgeoning presence of the media and entertainment industries in this submarket,” said chairman and CEO Victor J. Coleman in a statement.