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Stock impact report

Hudson Pacific Properties Sells Santa Monica Asset

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 it has completed the sale of 3402 Pico Boulevard in Santa Monica. The 50,687-square-foot office redevelopment and related development land sold for $35 million before credits, prorations and closing costs. Hudson Pacific intends to use net proceeds from the sale towards its pending acquisition of Hollywood Center Studios, which is expected to close on May 1, 2017. About Hudson Pacific Properties Hudson Pacific Properties is a vertically integrated real estate company focused on acquiring, repositioning, developing and operating high quality office and state-of-the-art media and entertainment properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create add Show less Read more
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