Victor Coleman’s Hudson Pacific Properties posted a $572 million loss in 2025. It was another year of nine-figure losses for the Los Angeles office and studio owner, which partly blamed its Quixote Studios. The real estate investment trust spent $360 million four years ago to purchase Quixote, which rents sound stages, cast trailers, grip and lighting and other production-related equipment. That was before Los Angeles’ entertainment industry slowdown resulting from writers’ and actors’ strikes, cheaper production costs abroad, media consolidation and studio spending cutbacks. On the REIT’s earnings call in late February, Coleman said he wanted to eliminate Quixote’s drag […]
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