Hudson Pacific Sells Element LA Office Campus
Hudson Pacific Properties, Inc. (HPP)
Last hudson pacific properties, inc. earnings: 2/20 06:00 am
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hudsonpacificproperties.com
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the sale of Element LA, a 284,000-square-foot office campus located in West Los Angeles. Hudson Pacific sold the property for $150 million and received a separate $81 million payment for terminating the existing lease. Transfer taxes for the sale transaction were paid by the buyer. The company used the gross proceeds from the sale of the property and the termination of the lease, totaling $231 million, to repay $206 million of CMBS debt associated with the property, with the remainder available for general corporate purposes.Hudson Pacific acquired the various office and warehouse assets for $101 million over a decade ago and successfully transformed, redeveloped and leased up the property as a creative office campus."With the sale of Element LA, we're realizing the value we've created through our successful tr
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News
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- Hudson Pacific Properties (NYSE:HPP) was downgraded by analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating.MarketBeat
- Hudson Pacific Properties (NYSE:HPP) had its "overweight" rating reaffirmed by analysts at Cantor Fitzgerald.MarketBeat
HPP
Earnings
- 11/5/25 - Beat
HPP
Sec Filings
- 1/9/26 - Form 4
- 1/9/26 - Form 4
- 1/9/26 - Form 4
- HPP's page on the SEC website