Hudson Pacific Completes Sale of Palo Alto Office Property
Hudson Pacific Properties, Inc. (HPP)
Last hudson pacific properties, inc. earnings: 2/20 06:00 am
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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, announced today that it has closed on the sale of a non-core Palo Alto office property, 3176 Porter, for $24.8 million before prorations and closing costs. The company used net proceeds to repay amounts outstanding on its unsecured revolving credit facility. As previously announced, the company also has under contract the sale of a second non-core Palo Alto office property, Foothill Research Center, that is targeted to close in first quarter 2025.“The timely sale of non-core assets at attractive pricing, such as 3176 Porter, once again underscores our team’s resourcefulness in generating liquidity and ability to maximize value,” said Victor Coleman, Chairman and CEO. “It is our intention to continue to secure additional strategic asset sales and to build on the strong leasing progress we have made to date in 2024 as we move in
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News
- Hudson Pacific Completes Sale of Palo Alto Office Property [Yahoo! Finance]Yahoo! Finance
- Hudson Pacific Properties Declares Fourth Quarter 2024 Preferred Stock Dividend [Yahoo! Finance]Yahoo! Finance
- Hudson Pacific Properties Declares Fourth Quarter 2024 Preferred Stock DividendBusiness Wire
- Hudson Pacific Properties, Inc. (NYSE: HPP) had its price target lowered by analysts at Piper Sandler from $5.00 to $4.50. They now have a "neutral" rating on the stock.MarketBeat
- Hudson Pacific Properties Inc (HPP) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
HPP
Earnings
- 11/12/24 - Miss
HPP
Sec Filings
- 12/19/24 - Form 4
- 11/26/24 - Form 4
- 11/12/24 - Form 8-K
- HPP's page on the SEC website