Hudson Pacific to acquire Quixote Studios for $360m.

Hudson Pacific, a provider of end-to-end real estate solutions, agreed to acquire Quixote Studios, a provider of sound stages and production services, for $360m. "Our acquisition of Quixote Studios represents further execution of our strategy to enhance our core studio business for customers with a full-service offering of sound stages, both in terms of size and location, and production services in key global markets. Quixote strengthens our reach to capture strong secular demand for studio and related assets, including excess demand at our Sunset Studios locations, and enables us to achieve immediate economies of scale while further diversifying our client base," Jeff Stotland, Hudson Pacific Executive Vice President.