{"success":true,"data":{"pressRelease":{"id":"153090","rtpr_id":"nBw33Yj6ba-20260925","ticker":"HPP","exchange":"NYSE","all_tickers":["HPP"],"title":"Hudson Pacific Sells 875 and 899 Howard in San Francisco","author":"Business Wire","published_at":"2026-09-25T13:00:00.369Z","article_body":"Hudson Pacific Sells 875 and 899 Howard in San Francisco\n\nBrings third quarter dispositions to $90.5 million; HPP secured office\nentitlements at 899 Howard ahead of sale\n\nHudson Pacific Properties, Inc. (NYSE: HPP), an office REIT focused on\ntop-tier real estate across high-barrier-to-entry West Coast gateway markets\nand preeminent studios in Los Angeles and New York, today announced it has\ncompleted the sale of 875 and 899 Howard, two downtown San Francisco\nproperties totaling approximately 284,000 square feet, for $65.5 million\nbefore prorations and closing costs.\n\n875 Howard is an approximately 188,000-square-foot office building that was\n36% occupied at the time of sale, with its remaining major lease expiring next\nyear. 899 Howard, an approximately 96,000-square-foot former retail building,\nwas fully vacant. Hudson Pacific secured entitlements to convert two floors of\n899 Howard to office use before the sale, enhancing its appeal to buyers.\n\nTogether with the previously announced sale of 2001 Gateway in North San Jose,\nHudson Pacific has completed $90.5 million of asset sales in the third\nquarter. The company intends to use net proceeds for general corporate\npurposes.\n\n\"The sale of 875 and 899 Howard reflects our disciplined approach to recycling\ncapital out of non-core assets,\" said Victor Coleman, Chairman and CEO of\nHudson Pacific. \"Our team's deep understanding of San Francisco's growing\noffice demand guided the repositioning of 899 Howard, and the sale eliminates\nsignificant capital and re-leasing risk while enhancing our financial\nflexibility. We will continue executing our disposition program and driving\nlease-up across our portfolio.\"\n\nAbout Hudson Pacific Properties\n\nHudson Pacific Properties, Inc. (NYSE: HPP) owns, operates, develops and\nredevelops top-tier office real estate across high-barrier-to-entry West Coast\ngateway markets, including the San Francisco Bay Area, Los Angeles, Seattle\nand Vancouver. The company also owns a studio platform unique among publicly\ntraded REITs, comprising one of the largest independent studio operations in\nLos Angeles, along with an additional studio in New York. Hudson Pacific's\nin-service portfolio of 45 properties includes approximately 12.6 million\nsquare feet of office space and approximately 1.7 million square feet of\nstudio space, leased to investment-grade and blue-chip tenants in technology\nand media, balanced by legal, government, retail and financial and business\nservices users. The company has been named GRESB's Global Sector Leader for\nU.S. office five years running and was one of the first REITs to achieve\ncarbon neutrality across its operations, which it has maintained since 2020.\nFor more information, visit HudsonPacificProperties.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FHudsonPacificProperties.com&esheet=54610434&newsitemid=20260925774499&lan=en-US&anchor=HudsonPacificProperties.com&index=1&md5=b9079eee7d6f4d648164a5dfbe73a5a5)\n.\n\nForward-Looking Statements\n\nThis press release may contain forward-looking statements within the meaning\nof the federal securities laws. Forward-looking statements relate to\nexpectations, beliefs, projections, future plans and strategies, anticipated\nevents or trends and similar expressions concerning matters that are not\nhistorical facts. In some cases, you can identify forward-looking statements\nby the use of forward-looking terminology such as \"may,\" \"will,\" \"should,\"\n\"expects,\" \"intends,\" \"plans,\" \"anticipates,\" \"believes,\" \"estimates,\"\n\"predicts,\" or \"potential\" or the negative of these words and phrases or\nsimilar words or phrases that are predictions of or indicate future events, or\ntrends and that do not relate solely to historical matters. Forward-looking\nstatements involve known and unknown risks, uncertainties, assumptions and\ncontingencies, many of which are beyond the company's control, which may cause\nactual results to differ significantly from those expressed in any\nforward-looking statement. All forward-looking statements reflect the\ncompany's good faith beliefs, assumptions and expectations, but they are not\nguarantees of future performance. Furthermore, the company disclaims any\nobligation to publicly update or revise any forward-looking statement to\nreflect changes in underlying assumptions or factors, of new information, data\nor methods, future events or other changes. For a further discussion of these\nand other factors that could cause the company's future results to differ\nmaterially from any forward-looking statements, see the section entitled \"Risk\nFactors\" in the company's Annual Report on Form 10-K filed with the Securities\nand Exchange Commission, or SEC, and other risks described in documents\nsubsequently filed by the company from time to time with the SEC.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260925774499/en/\n(https://www.businesswire.com/news/home/20260925774499/en/)\n\nInvestor Contact \n\nLaura Campbell\n\nExecutive Vice President, Investor Relations & Marketing\n\n(310) 622-1702\n\nlcampbell@hudsonppi.com \n(mailto:lcampbell@hudsonppi.com) \n\n\nMedia Contact \n\nLaura Murray\n\nVice President, Communications\n\n(310) 622-1781\n\nlmurray@hudsonppi.com (mailto:lmurray@hudsonppi.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw33Yj6ba-20260925","title":"Hudson Pacific Sells 875 and 899 Howard in San Francisco","author":"Business Wire","ticker":"HPP","created":"2026-09-25T13:00:00.369Z","tickers":["HPP"],"exchange":"NYSE","article_body":"Hudson Pacific Sells 875 and 899 Howard in San Francisco\n\nBrings third quarter dispositions to $90.5 million; HPP secured office\nentitlements at 899 Howard ahead of sale\n\nHudson Pacific Properties, Inc. (NYSE: HPP), an office REIT focused on\ntop-tier real estate across high-barrier-to-entry West Coast gateway markets\nand preeminent studios in Los Angeles and New York, today announced it has\ncompleted the sale of 875 and 899 Howard, two downtown San Francisco\nproperties totaling approximately 284,000 square feet, for $65.5 million\nbefore prorations and closing costs.\n\n875 Howard is an approximately 188,000-square-foot office building that was\n36% occupied at the time of sale, with its remaining major lease expiring next\nyear. 899 Howard, an approximately 96,000-square-foot former retail building,\nwas fully vacant. Hudson Pacific secured entitlements to convert two floors of\n899 Howard to office use before the sale, enhancing its appeal to buyers.\n\nTogether with the previously announced sale of 2001 Gateway in North San Jose,\nHudson Pacific has completed $90.5 million of asset sales in the third\nquarter. The company intends to use net proceeds for general corporate\npurposes.\n\n\"The sale of 875 and 899 Howard reflects our disciplined approach to recycling\ncapital out of non-core assets,\" said Victor Coleman, Chairman and CEO of\nHudson Pacific. \"Our team's deep understanding of San Francisco's growing\noffice demand guided the repositioning of 899 Howard, and the sale eliminates\nsignificant capital and re-leasing risk while enhancing our financial\nflexibility. We will continue executing our disposition program and driving\nlease-up across our portfolio.\"\n\nAbout Hudson Pacific Properties\n\nHudson Pacific Properties, Inc. (NYSE: HPP) owns, operates, develops and\nredevelops top-tier office real estate across high-barrier-to-entry West Coast\ngateway markets, including the San Francisco Bay Area, Los Angeles, Seattle\nand Vancouver. The company also owns a studio platform unique among publicly\ntraded REITs, comprising one of the largest independent studio operations in\nLos Angeles, along with an additional studio in New York. Hudson Pacific's\nin-service portfolio of 45 properties includes approximately 12.6 million\nsquare feet of office space and approximately 1.7 million square feet of\nstudio space, leased to investment-grade and blue-chip tenants in technology\nand media, balanced by legal, government, retail and financial and business\nservices users. The company has been named GRESB's Global Sector Leader for\nU.S. office five years running and was one of the first REITs to achieve\ncarbon neutrality across its operations, which it has maintained since 2020.\nFor more information, visit HudsonPacificProperties.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2FHudsonPacificProperties.com&esheet=54610434&newsitemid=20260925774499&lan=en-US&anchor=HudsonPacificProperties.com&index=1&md5=b9079eee7d6f4d648164a5dfbe73a5a5)\n.\n\nForward-Looking Statements\n\nThis press release may contain forward-looking statements within the meaning\nof the federal securities laws. Forward-looking statements relate to\nexpectations, beliefs, projections, future plans and strategies, anticipated\nevents or trends and similar expressions concerning matters that are not\nhistorical facts. In some cases, you can identify forward-looking statements\nby the use of forward-looking terminology such as \"may,\" \"will,\" \"should,\"\n\"expects,\" \"intends,\" \"plans,\" \"anticipates,\" \"believes,\" \"estimates,\"\n\"predicts,\" or \"potential\" or the negative of these words and phrases or\nsimilar words or phrases that are predictions of or indicate future events, or\ntrends and that do not relate solely to historical matters. Forward-looking\nstatements involve known and unknown risks, uncertainties, assumptions and\ncontingencies, many of which are beyond the company's control, which may cause\nactual results to differ significantly from those expressed in any\nforward-looking statement. All forward-looking statements reflect the\ncompany's good faith beliefs, assumptions and expectations, but they are not\nguarantees of future performance. Furthermore, the company disclaims any\nobligation to publicly update or revise any forward-looking statement to\nreflect changes in underlying assumptions or factors, of new information, data\nor methods, future events or other changes. For a further discussion of these\nand other factors that could cause the company's future results to differ\nmaterially from any forward-looking statements, see the section entitled \"Risk\nFactors\" in the company's Annual Report on Form 10-K filed with the Securities\nand Exchange Commission, or SEC, and other risks described in documents\nsubsequently filed by the company from time to time with the SEC.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260925774499/en/\n(https://www.businesswire.com/news/home/20260925774499/en/)\n\nInvestor Contact \n\nLaura Campbell\n\nExecutive Vice President, Investor Relations & Marketing\n\n(310) 622-1702\n\nlcampbell@hudsonppi.com \n(mailto:lcampbell@hudsonppi.com) \n\n\nMedia Contact \n\nLaura Murray\n\nVice President, Communications\n\n(310) 622-1781\n\nlmurray@hudsonppi.com (mailto:lmurray@hudsonppi.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-25T13:00:00.451692245Z","server_sent_at_ms":1790341200451},"received_at":"2026-09-25T13:00:00.502Z","source_url":"https://www.businesswire.com/news/home/20260925774499/en/"},"analysis":{"id":"141893","press_release_id":"153090","analysis_json":{"industry":{"label":"Office REITs","sector":"Real Estate"},"redFlags":["875 Howard only 36% occupied with major lease expiring next year; 899 Howard fully vacant","proceeds earmarked for general corporate purposes, not debt reduction or buybacks"],"eventType":"operations_update","narrative":"Hudson Pacific completed the sale of 875 and 899 Howard in downtown San Francisco for $65.5 million, bringing Q3 dispositions to $90.5 million including the previously announced 2001 Gateway sale.\n\nThe two buildings total roughly 284,000 square feet; 875 Howard was only 36% occupied and 899 Howard was fully vacant, though the company secured office entitlements at 899 Howard before the sale to enhance buyer appeal.\n\nNet proceeds go to general corporate purposes, and management frames the deal as eliminating capital and re-leasing risk while boosting financial flexibility.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"HPP exits low-occupancy SF assets at $65.5M — continued capital recycling amid soft SF office demand."},"keyFigures":{"dealValueUsd":65500000,"customDimensions":{"square_feet_sold":284000,"occupancy_875_howard":"36%","q3_dispositions_total":90500000}},"quotedText":"The sale of 875 and 899 Howard reflects our disciplined approach to recycling capital out of non-core assets","namedEntities":{"people":[{"name":"Victor Coleman","role":"Chairman and CEO"},{"name":"Laura Campbell","role":"EVP, Investor Relations & Marketing"},{"name":"Laura Murray","role":"VP, Communications"}],"products":["875 Howard","899 Howard","2001 Gateway"],"companies":[{"name":"Hudson Pacific Properties, Inc.","ticker":"HPP","relationship":"filer/seller"}],"dollarAmounts":[{"amount":"$65.5 million","context":"sale price of 875 and 899 Howard before prorations and closing costs"},{"amount":"$90.5 million","context":"total third-quarter dispositions including 2001 Gateway"}]},"materialImpact":{"score":2,"reasoning":"Routine non-core asset disposition of $65.5M ($90.5M QTD) with proceeds for general corporate purposes. Reduces capital/leasing risk but signals continued weak San Francisco office fundamentals (36% occupancy, fully vacant asset)."},"tickerRelevance":{"others":[],"primary":"HPP"},"globalImportance":25,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small/mid-cap REIT","eventGravity":"routine disposition","sectorWeight":"SF office fundamentals still in focus","householdBrandBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"mixed","material_impact_score":2,"narrative":"Hudson Pacific completed the sale of 875 and 899 Howard in downtown San Francisco for $65.5 million, bringing Q3 dispositions to $90.5 million including the previously announced 2001 Gateway sale.\n\nThe two buildings total roughly 284,000 square feet; 875 Howard was only 36% occupied and 899 Howard was fully vacant, though the company secured office entitlements at 899 Howard before the sale to enhance buyer appeal.\n\nNet proceeds go to general corporate purposes, and management frames the deal as eliminating capital and re-leasing risk while boosting financial flexibility.","key_figures":{"dealValueUsd":65500000,"customDimensions":{"square_feet_sold":284000,"occupancy_875_howard":"36%","q3_dispositions_total":90500000}},"named_entities":{"people":[{"name":"Victor Coleman","role":"Chairman and CEO"},{"name":"Laura Campbell","role":"EVP, Investor Relations & Marketing"},{"name":"Laura Murray","role":"VP, Communications"}],"products":["875 Howard","899 Howard","2001 Gateway"],"companies":[{"name":"Hudson Pacific Properties, Inc.","ticker":"HPP","relationship":"filer/seller"}],"dollarAmounts":[{"amount":"$65.5 million","context":"sale price of 875 and 899 Howard before prorations and closing costs"},{"amount":"$90.5 million","context":"total third-quarter dispositions including 2001 Gateway"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-25T13:00:06.304Z","global_importance":25,"audience_relevance":25,"importance_components":{"tickerTier":"small/mid-cap REIT","eventGravity":"routine disposition","sectorWeight":"SF office fundamentals still in focus","householdBrandBoost":0}},"durationMs":5769,"modelName":"glm-5.3-flashx"}}