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Stock impact report

Hudson Pacific Properties Sells Four California Office Properties

Hudson Pacific Properties, Inc. (HPP) 
Last hudson pacific properties, inc. earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: hudsonpacificproperties.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP) today announced the pending sales of four office properties in Northern and Southern California for aggregate gross proceeds of $254.8 million before credits, prorations and closing costs. The properties under contract to be sold are: 2180 Sand Hill, a 45,613-square-foot office property in Menlo Park for $82.5 million before credits, prorations and closing costs. The sale represents a 35% premium to the company’s GAAP basis and 39% premium to the company’s originally allocated purchase price. Embarcadero Place, a 197,402-square-foot office campus in Palo Alto for $136.0 million before credits, prorations and closing costs. The sale represents a 15% premium to the company’s GAAP basis and 24% premium to the company’s originally allocated purchase price. Peninsula Office Park’s Show less Read more
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