Six West Coast office properties are involved in the transaction, including the Element LA headquarters of Riot Games. The lenders for the loan are Goldman Sachs, Morgan Stanley, and Wells Fargo. The landlords are Victor Coleman and Harout Diramerian, representing Hudson Pacific Properties. The loan amount secured is $475 million with a five-year term.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $475,000,000
• Lender: Goldman Sachs
• Lender: Morgan Stanley
• Lender: Wells Fargo
• Landlord: Victor Coleman
• Landlord: Harout Diramerian
• Landlord Agency: Hudson Pacific Properties
• Address: 11601 Wilshire Boulevard, 12333 West Olympic Boulevard, 275 Brannan Street, 1740 Technology Drive, 450 Alaskan Way South & 2301 5th Avenue
• Market: Los Angeles, San Francisco, San Jose & Seattle
• Loan Terms: five-year

The financing aims to repay a $168 million loan on Element LA and reduce debt as Hudson Pacific Properties navigates challenges following the pandemic and the downturn within Hollywood's industry.