News | Hudson Pacific Properties

Hudson Pacific Properties' news and press releases will be posted in this section. Check back for the latest updates. If you'd like to download our official press releases please visit the Investor Relations Press Releases section.

Updated 2012 Outlook

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today revised its full-year 2012 FFO guidance to a range of $0.83 to $0.87 per diluted share (excluding acquisition-related expenses), compared to the prior 2012 FFO guidance range of $1.00 to $1.04 per diluted share.

Closing of Public Offering of Common Stock & Exercise of Underwriters’ Option to Purchase Additional Shares

Hudson Pacific Properties, Inc. (the “Company”) (NYSE:HPP) today announced the completion of its public offering of 13,225,000 shares of its common stock (including 1,725,000 shares of its common stock issued and sold pursuant to the exercise of the underwriters’ option to purchase additional shares in full) at the public offering price of $15.00 per share.

The net proceeds from the offering, after deducting underwriting discounts (before other transaction costs), were approximately $190.8 million.

Pricing of Public Offering of Common Stock

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced the pricing of an underwritten public offering of 11,500,000 shares of common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission at a public offering price of $15.00 per share. The offering is expected to close on May 18, 2012 and is subject to customary closing conditions.

Public Offering of Common Stock

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced it has commenced an underwritten public offering of 10,000,000 shares of common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares at the public offering price, less the underwriting discount.

Agreements to Acquire Office Properties in San Francisco and West Los Angeles

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced it has entered into purchase agreements to acquire 901 Market Street in San Francisco and the Olympic Bundy Media Campus in West Los Angeles. Both acquisitions are subject to customary closing conditions.

CFO Mark Lammas to Present at the 11th Annual JMP Securities Research Conference

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced that Mark Lammas, the Company's Chief Financial Officer, will present at the 11th Annual JMP Securities Research Conference on Tuesday, May 15, 2012 at 12:30 p.m. PDT at The Ritz-Carlton, San Francisco.

First Quarter 2012 Earnings Release and Conference Call

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced it will release first quarter 2012 results after the market close on Monday, May 7, 2012. The Company will conduct a conference call to discuss the results at 1:30 p.m. PDT / 4:30 p.m. EDT on the same day.

To participate in the event by telephone, please dial 877-941-8416 five to 10 minutes prior to the start time (to allow time for registration) and use conference ID 4531416. International callers should dial 480-629-9808 and enter the same conference ID number.

Hudson Pacific Properties, Inc. Announces New Lease at 604 Arizona

Hudson Pacific Properties, Inc. (the “Company”) (NYSE:HPP) today announced it has signed a new lease for its 44,260 square-foot 604 Arizona property located in the heart of Santa Monica’s high-demand market appealing to entertainment and technology-related tenants. Real Office Centers, a provider of unique, socially conscious office space to fast growing companies in the technology, media and other sectors, signed a new ten-year, 44,260-square-foot lease for the entire 604 Arizona project.

First Quarter 2012 Dividend

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced that the Company's Board of Directors has declared a quarterly dividend on its common stock of $0.125 per share for the first quarter of 2012. The dividend will be paid on April 2, 2012 to stockholders of record on March 20, 2012.

The Board of Directors also declared a dividend for the first quarter of 2012 on its 8.375% Series B Cumulative Preferred Stock of $0.52344 per share. The dividend will be paid on April 2, 2012 to stockholders of record on March 20, 2012.

Hudson Pacific Properties Rings Opening Bell at New York Stock Exchange

On Monday, March 5, 2012, executives and guests of Hudson Pacific Properties visited the New York Stock Exchange, in anticipation of the company’s second anniversary as a public company this spring. In honor of the occasion, Hudson Pacific’s Chairman and Chief Executive Officer, Victor J. Coleman, rang the NYSE’s Opening Bell. The ceremony is a tribute to the company’s employees, directors and partners, who continue to drive its ongoing success.