Company:Hudson Pacific Properties
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| Type | Public company |
|---|---|
| Industry | Real estate investment trust |
| Founded | 2009 |
| Founder | Victor J. Coleman |
| Headquarters | Los Angeles, California, U.S. |
Key people | |
| Revenue |  US$897 million (2021) |
| US$29 million (2021) | |
| Total assets | US$8.99 billion (2021) |
| Total equity | US$3.79 billion (2021) |
Number of employees | 560 (2021) |
| Website | hudsonpacificproperties |
| Footnotes / references [1] | |
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]
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]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Hudson Pacific Properties, Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 18, 2022. pp. 14, F-13, F-14. https://www.sec.gov/ix?doc=/Archives/edgar/data/1482512/000148251222000052/hpp-20211231.htm.
- ↑ "L.A.'s Film and TV Production Boom Fuels Real Estate Grab". The Hollywood Reporter. December 19, 2018. https://www.hollywoodreporter.com/news/general-news/las-film-tv-production-boom-fuels-land-grab-studio-operators-1169786/.
- ↑ 3.0 3.1 3.2 Madans, Hannah (July 6, 2020). "Hudson Pacific Founder Coleman Continues to Make His Mark". Los Angeles Business Journal. https://labusinessjournal.com/news/2020/jul/06/hudson-pacific-founder-coleman-continues-make-mark/.
- ↑ 4.0 4.1 Vincent, Roger (June 29, 2020). "Hudson Pacific sells share of Hollywood studios to Blackstone". Los Angeles Times. https://www.latimes.com/business/story/2020-06-29/hudson-pacific-hollywood-studios-blackstone.
- ↑ Karmin, Craig (December 7, 2014). "Blackstone to Sell California Buildings for $3.5 Billion". The Wall Street Journal. https://www.wsj.com/articles/blackstone-to-sell-california-buildings-for-3-5-billion-1418007601.
- ↑ Donato-Weinstein, Nathan (December 8, 2014). "Meet Hudson Pacific Properties, Silicon Valley's new office giant". American City Business Journals. https://www.bizjournals.com/sanjose/news/2014/12/08/meet-hudson-pacific-properties-silicon-valleys-new.html.
- ↑ Alex, Hud. "Security companies". https://pacificpalisadessecuritycompany.com/.
- ↑ Stiles, Marc (March 27, 2019). "Hudson Pacific, Blackstone join forces to go into Vancouver, BC, market". American City Business Journals. https://www.bizjournals.com/seattle/news/2019/03/27/seattles-hudson-pacific-blackstone-join-forces-to.html.
- ↑ CORNFIELD, GREG (June 29, 2020). "Blackstone Acquires Stake in Hudson's $1.7B LA Film Studio Portfolio". Observer Media. https://commercialobserver.com/2020/06/blackstone-stake-hudson-pacifics-1-7-billion-los-angeles-hollywood-film-studio/.
- ↑ Baltic, Scott (June 30, 2020). "Blackstone Takes Co-Starring Role in $1.7B Hollywood Portfolio". Commercial Property Executive. https://www.cpexecutive.com/post/blackstone-takes-co-starring-role-in-1-7b-hollywood-portfolio/.
External links
- Business data for Hudson Pacific Properties, Inc.:
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