Blackstone Property Partners, an investment group, has bought a 49% stake in Sunset Bronson, 5800 Sunset Blvd., Sunset Gower, 1438 N. Gower Street and Sunset Las Palmas, 1040 N. Las Palmas Avenue, from Hudson Pacific Properties said Chairman-CEO Victor Coleman.
The combined square footage of the three studios is 1.2 million square feet and includes 35 sound stages, all valued at $1.65 billion.
Blackstone looks to expand development at Sunset Gower, Sunset Las Palmas Studios and make additional studio purchases din and around Los Angeles and beyond.