Hudson Pacific writes off $360 million Quixote investment

Hudson Pacific Properties has written off its entire $360 million investment in Quixote Studios, which it bought in 2022, Variety reported. Quixote announced in April it was winding down its soundstage business, Variety reported. Cinelease announced it is acquiring grip and lighting assets from Quixote as Quixote focuses on transport including Star Waggons trailers, Variety reported.