Hudson Pacific Properties Raises $72.5M By Divesting Two Office Properties

August 26, 2023

in Stocks

Reading Time: 1 min read

Real estate solutions provider Hudson Pacific Properties Inc (NYSE:HPP) said it has divested through separate transactions two Los Angeles office properties, for gross proceeds of $72.5 million before prorations and closing costs.

The company expects the two transactions to result in approximately a $22 million gain to be recognized in the third quarter.

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Hudson Pacific Properties Raises $72.5M By Divesting Two Office Properties

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Hudson Pacific Properties Raises $72.5M By Divesting Two Office Properties

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