{"id":916682,"date":"2025-12-04T19:03:03","date_gmt":"2025-12-05T00:03:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-pacific-sells-element-la-office-campus\/"},"modified":"2025-12-04T19:03:03","modified_gmt":"2025-12-05T00:03:03","slug":"hudson-pacific-sells-element-la-office-campus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-pacific-sells-element-la-office-campus\/","title":{"rendered":"Hudson Pacific Sells Element LA Office Campus"},"content":{"rendered":"

<\/p>\n

Hudson Pacific Sells Element LA Office Campus<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–Hudson Pacific Properties, Inc. (NYSE: HPP)<\/b>, 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.\n<\/p>\n

\nHudson 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.\n<\/p>\n

\n“With the sale of Element LA, we’re realizing the value we’ve created through our successful transformation and full stabilization of this asset,\u201d said Victor Coleman, CEO and Chairman of Hudson Pacific. “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.”\n<\/p>\n

About Hudson Pacific Properties<\/b><\/p>\n

\nHudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific\u2019s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251204543739\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Laura Campbell
\n
Executive Vice President, Investor Relations & Marketing
\n
(310) 622-1702
\n
lcampbell@hudsonppi.com
\n<\/a><\/p>\n

Media Contact
\n<\/b>
Laura Murray
\n
Vice President, Communications
\n
(310) 622-1781
\n
lmurray@hudsonppi.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Finance Professional Services Technology REIT Other Construction & Property Other Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Hudson Pacific Sells Element LA Office Campus 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 … <\/p>\n

Continue reading “Hudson Pacific Sells Element LA Office Campus”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-916682","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHudson Pacific Sells Element LA Office Campus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hudson-pacific-sells-element-la-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hudson Pacific Sells Element LA Office Campus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Hudson Pacific Sells Element LA Office Campus 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. 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