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.

LA Times: Office tower to rise next to historic Hollywood studio

Excerpt from the article:

"One of Hollywood's biggest landlords is setting the stage for another expansion as the historic heart of the film and broadcast business rises again.

Hudson Pacific Properties, the owner of two neighboring Sunset Boulevard studio lots with golden-era pedigrees, plans to build a 14-story office tower next door to the majestic 1920s landmark building that was once executive headquarters of Warner Bros.

First Quarter 2014 Earnings Release and Conference Call

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced it will release first quarter 2014 financial results after the market close on Thursday, May 8, 2014. The Company will conduct a conference call to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day.

To participate in the event by telephone, please dial (877) 407-0784 five to 10 minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8560.

Pricing of Public Offering of Common Stock by Selling Stockholders

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced the pricing of an underwritten public offering of 3,511,845 shares of its common stock by certain funds affiliated with Farallon Capital Management, L.L.C. The offering is expected to close on March 25, 2014 and is subject to customary closing conditions. The Company will not receive any of the proceeds from the offering.

Additions to Senior Leadership Team

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced the appointment of two additional regional executives, effective immediately.

First Quarter 2014 Dividends

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) 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 2014. The dividend will be paid on March 31, 2014 to stockholders of record on March 21, 2014.

In addition, the Board of Directors also declared a dividend for the first quarter of 2014 on its 8.375% Series B Cumulative Preferred Stock of $0.52344 per share. The dividend will be paid on March 31, 2014 to stockholders of record on March 21, 2014.

Fourth Quarter and Full Year 2013 Financial Results

Hudson Pacific Properties, Inc.(the “Company,” “we,” “us” or “our”) (NYSE: HPP) today announced financial results for the fourth quarter ended December 31, 2013.

Financial Results

Promotion of Alex Vouvalides to Chief Investment Officer

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) today announced that Alex Vouvalides has been promoted to Chief Investment Officer.

Mr. Vouvalides joined the Company's predecessor, Hudson Capital, LLC, in 2009 to oversee investments and has led its acquisition efforts on more than $1.6 billion of acquisitions and related project financings throughout Northern and Southern California and the Pacific Northwest.

Acquisition of Merrill Place Property in Seattle

Hudson Pacific Properties, Inc. (the "Company") (NYSE: HPP) has completed the $57.7 million acquisition of an office and retail property known as "Merrill Place" located in downtown Seattle's Pioneer Square submarket, directly adjacent to the Company's First & King property. The Company had previously announced it had entered into a purchase agreement to acquire the property last month.

2013 Dividend Tax Treatment

Hudson Pacific Properties, Inc. (the “Company”) (NYSE: HPP) today announced the tax treatment for its 2013 common and preferred stock dividends.

The Company's dividends related to its common stock (CUSIP #444097109) will be classified for United States federal income tax purposes as follows:

Closing of Public Offering of Common Stock and 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 9,487,500 shares of its common stock (including 1,237,500 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 $21.50 per share.

The net proceeds from the offering, after deducting underwriting discounts (before other transaction costs), were approximately $195.8 million.

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