Item 8.01 Other Events.

On June 29, 2020, the Company announced that it and certain of its subsidiaries have entered into agreements, pursuant to which, funds affiliated with Blackstone Property Partners ("Blackstone") will acquire a 49% interest in the Company's three Hollywood studios and five on-lot or adjacent Class A office properties (collectively, the "Hollywood Media Portfolio") at a gross portfolio valuation of $1.65 billion resulting in anticipated cash proceeds to the Company of $808.5 million before potential asset-level financings (and before certain credits, prorations and closing costs) (the "Studio Joint Venture"). The Company will retain a 51% ownership stake and, in exchange for customary property management and other fees, will continue to provide customary property management, leasing and construction management services for the properties.

The Hollywood Media Portfolio aggregates approximately 2.2 million square feet and includes Sunset Bronson, Sunset Gower and Sunset Las Palmas Studios. Collectively, these properties comprise 35 stages or 1.2 million square feet of production and support space in Hollywood and 966,000 square feet of Class A office properties on or adjacent to the lots, specifically, 6040 Sunset, ICON, CUE, EPIC and Harlow. Harlow is currently under development and is anticipated to be completed in the third quarter of this year.

The Company intends to use the proceeds from entering into the Studio Joint Venture to repay all or a portion of its outstanding borrowings under its revolving credit facility and/or term loan facilities, with the remainder to provide for working capital and/or for other general corporate purposes. The transaction is expected to close in the third quarter of this year.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.



Exhibit No.                                 Description
     99.1**     Press Release issued by Hudson Pacific Properties, Inc. dated June 29,
              2020.
     99.2**     Strategic Joint Venture Transaction Announcement.


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**   Furnished herewith.

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