Hudson Pacific Properties is focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art media and entertainment properties in select West Coast markets. The company was founded in 2006 and is based in Los Angeles, California.
Hudson Pacific Properties and Canada Pension Plan (CPP) Investment Board have finalized their acquisition of 1918 8th Avenue, a 668K square-foot class A office building in Seattle's Denny Triangle neighborhood for $625 million. Hudson Pacific (HPP) is a real estate investment trust (REIT) with a portfolio of office and studio properties totaling over 19 million square feet. Its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Meanwhile, CPP is a professional investment management organization that manages the Fund on behalf of more than 20 million contributors and beneficiaries of the Canada Pension Plan. The Fund was valued at C$456.
Hudson Pacific Properties, Inc. ("Hudson Pacific") (NYSE: HPP) and Canada Pension Plan Investment Board ("CPP Investments") have completed their previously announced acquisition of 1918 8th Avenue, a 668,000-square-foot Class A office building in Seattle’s Denny Triangle neighborhood for US$625 million (before closing adjustments). Through the joint venture, CPP Investments owns a 45% interest and Hudson Pacific owns 55% and acts as general partner and as property, leasing and construction manager.
Office REITs, or real estate investment trusts, have had a tough year. Weighing on the sector are concerns that office occupancy and rental rates could be under pressure in the future as more companies allow their employees to work from home even after the pandemic ends. Two that appear well-positioned to rebound in the coming quarters are SL Green Realty (NYSE: SLG) and Hudson Pacific Properties (NYSE: HPP).
NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Fitwel®, the healthy building certification system operated by the Center for Active Design (CfAD), is pleased to announce that more of the world's leading real estate investment managers and developers, including BentallGreenOak (BGO), Hudson…
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced that the Company’s Board of Directors has declared a quarterly dividend on its common stock of $0.25 per share for the fourth quarter of 2020. The dividend will be paid on December 31, 2020 to stockholders of record on December 21, 2020. About Hudson Pacific Properties Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties total