 Hudson Pacific Properties, Inc. Hudson Pacific NYSE: HPP and Blackstone NYSE: BX today announced that funds affiliated with Blackstone Property Partners will acquire a 49 interest in Hudson Pacifics three Hollywood studios and five on-lot or adjacent Class A office properties, totaling 2.2 million square feet, at a gross portfolio valuation of 1.65 billion. Hudson Pacific will retain a 51 ownership stake and remain responsible for day-to-day operations, leasing and development. The transaction is expected to close in the third quarter of this year. 