Hudson Pacific Properties
Hudson Pacific Properties is a real estate investment trust that owns 14.9 million square feet of primarily office buildings on the West Coast of the United States and Vancouver.[1] It is organized in Maryland and headquartered in Los Angeles.[1]
| Public company | |
| Traded as | NYSE: HPP Russell 1000 Index component |
| Founded | 2009 |
| Founder | Victor J. Coleman |
| Headquarters | Los Angeles, California, United States |
Key people | Victor J. Coleman, Chairman & CEO Mark T. Lammas, CFO |
| Revenue |  |
 | |
| Total assets | |
| Total equity | |
Number of employees | 347 (2019) |
| Website | www |
| Footnotes / references [1] | |
As of December 31, 2019, the 2 largest tenants of the company were Alphabet Inc. and Netflix, which together accounted for 15.2% of revenues.[1]
The Glaser-Kochavi family is a major shareholder and has seats on the board of directors.
History
The company was formed in 2009 by Victor J. Coleman.[1]
On June 29, 2010, the company became a public company via an initial public offering.[1]
In December 2014, the company acquired 26 properties from The Blackstone Group's EQ Office for $3.5 billion.[2]
In January 2019, the company announced the redevelopment of Westside Pavilion into an office building to be leased to Alphabet Inc.[3]
In March 2019, the company formed a joint venture with The Blackstone Group to invest in Vancouver.[4]
References
- "Hudson Pacific Properties, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- Karmin, Craig (December 7, 2014). "Blackstone to Sell California Buildings for $3.5 Billion". The Wall Street Journal.
- Fung, Esther (January 8, 2019). "Google to Lease Office Space in a Los Angeles Mall". The Wall Street Journal.
- Stiles, Marc (March 27, 2019). "Hudson Pacific, Blackstone join forces to go into Vancouver, BC, market". American City Business Journals.
External links
- Business data for Hudson Pacific Properties, Inc.: