Sunset Glenoaks Production Campus Hits Market for Sale
The 240,000-square-foot Sun Valley studio facility is being sold by lenders amid a local production slowdown.
Updated on Oct. 21, 2026 in Commercial
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The 240,000-square-foot Sunset Glenoaks production campus in Sun Valley is now on the market through a lender-facilitated sale. The studio facility, which was completed in 2024 at a cost of $200 million, currently sits empty.
Why it matters
The sale highlights the current strain on the Los Angeles production market, where an oversupply of soundstages has outpaced actual filming activity. This move follows significant financial pressure on developers Hudson Pacific Properties, which reported a $136.5 million loss in the third quarter of 2025.
The Sunset Glenoaks campus features seven soundstages across 240,000 square feet. The facility remains vacant as Hudson Pacific Properties, which owns 50 percent of the venture, manages its broader debt obligations.
The players
Hudson Pacific Properties
A real estate investment trust known for developing office and studio space, currently facing significant financial headwinds.
Blackstone
A global investment firm and co-developer of the Sunset Glenoaks project.
Colliers
A commercial real estate services firm currently managing the sale of the production facility.
Royal Bank of Canada
A major financial institution that provided a $94 million loan to the project developers in 2022.
The details
Colliers is currently shopping the property to potential buyers as part of a lender-facilitated sale process. Marketing materials for the campus do not list an asking price, instead soliciting the highest offer to resolve the asset's standing. This follows the 2024 completion of the site, which was backed by a $94 million loan secured in 2022 from a subsidiary of the Royal Bank of Canada.
Timeline
2021: Hudson and Blackstone announced plans to develop the studio.
2022: Hudson received a $94 million loan for development.
2024: The $200 million studio development was completed.
Q3 2025: Hudson Pacific Properties reported a $136.5 million loss.
November 2027: New debt maturity date for Hollywood studios and offices.
The Home Front
The sale of this major studio facility reflects a broader cooling trend in Los Angeles commercial real estate development. This shift highlights how rapid investment in production infrastructure has recently faced challenges from a contraction in local filming activity.
Local residents in Sun Valley may notice shifts in activity or land use around the 11038 and 11100 West Peoria Street property as it transitions to new ownership. Potential impacts on property values or neighborhood noise levels remain tied to the future tenant or occupant of the site.
The takeaway
The Sunset Glenoaks production campus sale serves as a reminder of how quickly commercial real estate markets can shift in response to local production demands. Homeowners and investors in the area should monitor the site for future development plans or new facility occupancy.
Further reading
For more on local market shifts, visit the Los Angeles Commercial section.
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