Colliers Markets Empty Sun Valley Production Campus

The 240,000-square-foot Sunset Glenoaks studio is now being offered for sale via a lender-facilitated process.

Updated on Oct. 21, 2026 in Commercial

Colliers Markets Empty Sun Valley Production Campus

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Colliers is marketing the vacant Sunset Glenoaks production campus in Sun Valley for sale. The facility, which features seven soundstages, was completed in 2024 as part of a $200 million development project.

Why it matters

The sale comes as the Los Angeles market struggles with an oversupply of soundstages and a downturn in local production activity. The move follows financial pressures facing Hudson Pacific Properties, which owns half of the studio venture.

The campus spans 240,000 square feet and features seven soundstages. Hudson Pacific Properties, which holds a 50 percent stake in the venture, reported a $136.5 million loss in the third quarter of 2025.

The players

Colliers

This is a global commercial real estate services and investment management firm that provides brokerage and professional services.

Hudson Pacific Properties

This real estate investment trust focuses on office and studio properties for the technology and media sectors in major West Coast markets.

Blackstone

This is a prominent alternative investment management firm that operates globally across real estate, private equity, and credit markets.

Royal Bank of Canada

This is a diversified financial services company that provides banking, investment, and insurance products globally.

The details

The property, located at 11038 and 11100 West Peoria Street, is being shopped through a lender-facilitated sale process. Developed by Hudson Pacific Properties and Blackstone, the site was supported by a $94 million loan from the Royal Bank of Canada in 2022.

Hudson and Blackstone announced development plans in 2021.
A $94 million loan was secured for the project in 2022.
The $200 million studio complex was completed in 2024.
Hudson Pacific Properties reported a $136.5 million loss in Q3 2025.
Debt maturity for other Hollywood assets is set for November 2027.

Culture Shift

The sale highlights the ongoing challenges of the current Los Angeles soundstage oversupply trend. This divestment marks a departure from the rapid expansion phase that characterized local real estate development in recent years.

The vacancy of the Sun Valley campus reflects broader instability in the local entertainment real estate market. Potential investors and local developers may see this sale as a benchmark for asset values in a cooling production landscape.

The takeaway

This sale underscores the difficulty of matching studio capacity with fluctuating demand in the entertainment industry. Investors should monitor how lenders balance these assets against broader portfolio losses in the coming months.