Hudson Pacific Sells West L.A. Campus to Riot Games for $231 Million [Los Angeles Times (CA)]
Hudson Pacific Properties, Inc. (HPP)
Last hudson pacific properties, inc. earnings: 2/20 06:00 am
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Source: Los Angeles Times
tenants, sold Element LA, a 284,000-square-foot office campus located in West Los Angeles, to Riot Games , the tenant in the five-building property. Hudson Pacific sold it for $150 million and received a separate $81 million payment for terminating the existing lease. “With the sale of Element LA, we're realizing the value we've created through our successful transformation and full stabilization of this asset,” said Victor Coleman , chairman and chief executive of Hudson Pacific, in a statement. “This strategic capital recycling further strengthens our balance sheet through additional debt reduction while enhancing our liquidity to reinvest into growth opportunities within our existing portfolio, especially throughout the Bay Area and Seattle, where we're seeing the strongest leasing momentum.” 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, t
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HPP
News
- Hudson Pacific Properties (NYSE:HPP) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Hudson Pacific Properties (NYSE:HPP) had its price target lowered by analysts at Mizuho from $21.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Hudson Pacific Properties Declares Fourth Quarter 2025 Preferred Stock DividendBusiness Wire
- Hudson Pacific Properties, Inc. (HPP): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Hudson Pacific Properties Updates Fourth Quarter FFO Outlook and Full-Year AssumptionsBusiness Wire
HPP
Earnings
- 11/5/25 - Beat
HPP
Sec Filings
- 12/4/25 - Form 4
- 12/4/25 - Form 3
- 12/3/25 - Form 8-K
- HPP's page on the SEC website