Hudson Pacific buys 60% share of Pinnacle office complex in Burbank
Hudson Pacific Properties Inc. bought a 60% share of the $342-million Pinnacle office complex in Burbank from M. David Paul & Associates/Worthe Real Estate Group, bringing together two of Southern California’s biggest entertainment industry landlords as co-owners.
The Pinnacle is made up of two office buildings on 4.3 acres near Warner Bros. Studios, Burbank Studios and Walt Disney Studios. Tenants include Warner Bros. Entertainment Inc., KIIS-FM and Elektra Entertainment.
Among properties owned by Hudson Pacific are Sunset Bronson Studios, Sunset Gower Studios and the Technicolor Building.
“The Pinnacle will be extremely complementary to our portfolio and will provide Hudson with an immediate foothold in one of the top media and entertainment submarkets in Los Angeles,†Chief Executive Victor J. Coleman said.
ALSO:
Hollywood office tower sold to Hudson Pacific for $92.5 million
Buyers of Olympic-Bundy property plan creative office campus
Sunset Gower Studios, former home of Columbia, marks 100 years
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
