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Hudson Pacific sells Hollywood studio shares to Blackstone

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Hudson Pacific sells Hollywood studio shares to Blackstone

Los Angeles developer Hudson Pacific Properties Inc. said Monday it would sell a 49% stake in its three historic studios in Hollywood to affiliated New York investment firm Blackstone in a deal that valued the property at $ 1.65 billion.

Transactions include Sunset Bronson, Sunset Gower and Sunset Las Palmas studio, which holds 35 stages or 1.2 million square feet of production and supporting space in Hollywood.

Included in the agreement are five office buildings in the studio premises or nearby with a combined total of nearly 1 million square feet. Netflix’s streaming entertainment service is the largest tenant, with a commitment to rent more than 700,000 square feet of space.

Hudson Pacific will retain a 51% shareholding and remain responsible for daily operations, leasing, and future development. Hudson Pacific has the right to develop an additional 1.1 million square feet at Sunset Gower and Sunset Las Palmas.

The joint venture with Blackstone “opens up part of the value we make to our shareholders and gives us significant capital to grow our studio and office portfolio, including the development of additional development rights in our existing studio,” Hudson Pacific Chief Executive Victor Coleman said.

Hudson Pacific’s predecessor company, Hudson Capital, bought Sunset Gower and Sunset Bronson in 2007 and 2008, respectively, in a period of increasing demand for stable stages because old studios have joined new streaming services such as Amazon Studios, Apple TV + and Netflix make films, television shows and other forms of recorded entertainment.

Hudson Pacific bought Sunset Las Palmas Studios in 2017, where he built a $ 79 million office building called Harlow after actress Jean Harlow, a 1930s screen siren who had worked in a parking lot.

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Harlow was included in a transaction with Blackstone along with office buildings known as Icon, Cue, Epic and 6040 Sunset, also known as Technicolor Building.

“Our business is driven by thematic investment in sectors with strong secular attractors, and there is no better example of content creation in Los Angeles,” said Ken Caplan, global co-head of Blackstone Real Estate.

Funds affiliated with Blackstone Property Partners will make acquisitions that are expected to close in the third quarter.

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Mother of autistic boy attacked by CR7 criticizes Portuguese again

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Mother of autistic boy attacked by CR7 criticizes Portuguese again

The case of Cristiano Ronaldo’s aggression against an autistic fan continues to be heard in England. Sarah Kelly, mother of Jake Harding, has asked the English Football Federation to punish the Portuguese star.

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Sarah’s complaint comes after the league filed a complaint against a Manchester United player for aggression against Jake in the Manchester team’s match against Everton on April 9 last season in the Premier League. After an unsuccessful result, the Portuguese dropped a fan’s mobile phone on the way to the locker room.

According to Sarah, she and her son once again became victims of offenses in social networks after the announcement of the complaint against the attacker.

“People are following me, saying that I am rebelling again, but I didn’t know anything about it. The case should have been heard six months ago. My son talks every day about what happened to him. He still hasn’t returned his phone,” he said.

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Jake’s mother still asks how the player manages to sleep at night after what happened. “Let’s hope he finally gets the right punishment. He can’t keep getting away with it. Your behavior is unacceptable…” Sarah concluded.

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Marseille in California. ″Where the Portuguese is, there is Portugal″

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Marseille in California.  ″Where the Portuguese is, there is Portugal″

“You are the future,” President Marcelo Rebelo de Souza told a three-year-old girl dressed in traditional Portuguese clothing who came out to greet him on the podium where he spoke at Artesia Portuguese Salon. The city, located on the outskirts of Los Angeles, has not hosted the President of the Portuguese Republic since 1989. This weekend, he did it with pomp and the setting of an ornate Portuguese-American community bursting with pride.

“We have never lost the honor and responsibility of being representatives of this beautiful flag,” said Jimmy Enes, a member of Artesia DES, a Portuguese descendant, in a welcoming speech delivered in perfect Portuguese. “When we are asked who we are, we always answer”i am portuguese“and not”Portuguese-American“or ‘Portuguese American’,” he said. “That’s why we’re trying step by step to protect our heritage on the outskirts of Los Angeles, one of the greatest cities in the world.”

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Cristiano Ronaldo is injured by the Portuguese national team and thanks the fans for their support

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Cristiano Ronaldo is injured by the Portuguese national team and thanks the fans for their support



Cristiano Ronaldo got a cut on his nose and needed a bandage (Photo: MICHAL CIZEK / AFP)

Photo: Lance!

Gratitude. It seems that the attacker Cristiano Ronaldo shared his social media with Portuguese fans after a clash with Czech goalkeeper Vaclik. In the auction, the assailant received a cut on his face and needed a bandage to stop the bleeding.

“Great game, important team win! We remain focused on our goal. Thanks to the Portuguese public for the fantastic support,” the striker wrote on his Instagram account.

The match was marked by a great performance Portugal national team, who beat the Czech Republic 4-0 to take the lead in Nations League Group 2 with ten points with one matchday to go in the group stage of the tournament. Cristiano Ronaldo ended up losing to his team.

After the match, the leader of the Portuguese national team appreciated the result achieved on the road. “It was a very important victory and all teammates should be congratulated on the result,” commented the 37-year-old striker.

With three wins, one draw and one defeat, the Portuguese team has the best attack in their group with eleven goals scored and a net difference of nine. The team is one draw away from qualifying for the tournament series. The next match against Spain is next Tuesday in the city of Braga.

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