As production studios compete to produce new content and need more space, commercial real estate investors see an opportunity. :
This summer, Blackstone Property Partners LP and Hudson Pacific Properties Inc. wrapped up a blockbuster deal. Blackstone purchased a 49 percent stake in Hudson Pacific’s Hollywood portfolio of three production studios and five associated class-A office properties. The Netflix video-streaming service is the biggest tenant in the $1.65 billion portfolio. The 2.2 million-sq.-ft. transaction made almost as big of a splash as Avengers: Endgame did at movie theaters last year.