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Hudson Pacific Properties
American real estate investment trust From Wikipedia, the free encyclopedia
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Hudson Pacific Properties is a real estate investment trust with 15.8 million square feet of office buildings, 1.5 million square feet of sound stages, and undeveloped rights for 3 million square feet of additional commercial property.[1]: 46 Its properties are on the West Coast of the United States and Vancouver.[1] It is organized in Maryland and headquartered in Los Angeles.[1] It is the largest independent operator of sound stages in Los Angeles.[2][3]
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History
The company was founded as Hudson Capital by Victor J. Coleman.[3] In 2007, Hudson Capital purchased Sunset Gower Studios and in 2008 purchased Sunset Bronson Studios.[4] Hudson Capital was reformed as Hudson Pacific Properties in 2009[3][1] and on June 29, 2010, the company became a public company via an initial public offering.[1]
In December 2014, the company acquired 26 properties in Northern California from The Blackstone Group's EQ Office for $3.5 billion.[5] This made Hudson Pacific the largest publicly traded owner-operator of office space in Silicon Valley.[6] In 2017 the company bought Sunset Las Palmas Studios.[4][7]
In March 2019, in a joint venture with funds managed by The Blackstone Group, the company acquired Bentall Centre, Vancouver.[8]
In June 2020, funds managed by The Blackstone Group acquired a 49% stake in several properties owned by the company.[9][10]
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References
External links
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