Hudson Pacific Properties (HPP) Declares $0.125 Quarterly Dividend; 1.6% Yield
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Hudson Pacific Properties Declares First Quarter 2015 Dividends
March 9, 2015 9:02 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (the Company) (NYSE: HPP) announced today that the Companys Board of Directors has declared a quarterly dividend on its common stock of $0.125 per share for the first quarter of 2015. The dividend will be paid on March 30, 2015 to stockholders of record on March 20, 2015.
In addition, the Board of Directors also declared a dividend for the first quarter of 2015 on its 8.375% Series B Cumulative Preferred Stock of $0.52344 per share. The dividend will be paid on March 30, 2015 to stockholders of record on March 20, 2015.
About Hudson Pacific Properties... More
Hudson Pacific Properties Closes First Financial Sale
March 6, 2015 9:00 AM ESTLOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (Hudson or the Company) (NYSE: HPP) today announced it has completed the sale of its First Financial office property in Encino, California to Douglas Emmett, Inc. for $89.0 million, resulting in net proceeds to the Company of approximately $46.0 million (before certain credits, prorations and closing costs) after repayment of a $43.0 million loan secured by the property.
Hudson intends to use net proceeds from the disposition pursuant to a like-kind exchange under the Internal Revenue Code Section 1031 to purchase the Equity Office Properties San Francisco Peninsula and Silicon Valley portfolio from Blackstone... More
Hudson Pacific Properties’ Stockholders Approve Issuance of Shares in Equity Office Properties’ San Francisco Peninsula and Silicon Valley Portfolio Acquisition
March 5, 2015 4:55 PM ESTLOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (Hudson or the Company) (NYSE: HPP) announced that, at a special meeting held earlier today, its stockholders approved the issuance of an aggregate amount of 63,474,791 shares of Hudson common stock and common units of limited partnership interest in Hudson Pacific Properties, L.P., a Maryland subsidiary of Hudson (the Operating Partnership), to certain affiliates of The Blackstone Group L.P. in connection with the proposed acquisition by Hudson and the Operating Partnership of a portfolio of 26 office buildings and two land parcels located in the San Francisco Peninsula and Silicon Valley (the EOP... More
