Company: HPP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001482512-25-000150
Chunk: 109

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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 the nine months ended September 30, 2025, the Company sold its Maxwell, Foothill Research Center and 625 Second properties for $46.0 million, $23.0 million and $28.0 million, respectively. See Part I, Item 1 “Note 3 to the Consolidated Financial Statements—Investment in Real Estate” for details. A portion of the net proceeds from these sales was used to repay outstanding amounts on the unsecured revolving credit facility.

In Process and Future Development Projects

The following table summarizes the properties currently under construction and future development projects as of September 30, 2025: 

TypeSubmarketEstimated Square Feet (Units)(1)Estimated Completion DateEstimated Stabilization DateUnder Construction:New York, New YorkSunset Pier 94 Studios(2)StudioManhattan232,000 Q4-2025Q3-2026TOTAL232,000 Recently Completed:Seattle, WashingtonWashington 1000OfficeDenny Triangle546,000 Q4-2024Q1-2027TOTAL546,000 Future Development Pipeline:Los Angeles, CaliforniaSunset Las Palmas Studios—Development(3)StudioHollywood617,581TBDTBDSunset Gower Studios—Development(3)Office/StudioHollywood478,845TBDTBDSunset Bronson Studios Lot D—Development(3)ResidentialHollywood19,816 (33 units)TBDTBDElement LA—DevelopmentOfficeWest Los Angeles500,000TBDTBD10900/10950 WashingtonResidentialWest Los Angeles428,623 (508 units)TBDTBDVancouver, British ColumbiaBurrard Exchange(4)OfficeDowntown Vancouver450,000TBDTBDGreater London, United KingdomSunset Waltham Cross Studios(5)StudioBroxbourne1,167,347TBDTBDTOTAL3,662,212 TOTAL UNDER CONSTRUCTION, RECENTLY COMPLETED AND FUTURE DEVELOPMENT4,440,212 

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1.Estimated square footage represents management’s estimate of leasable square footage, which may be less or more than the Building Owners and Managers Association (BOMA) rentable area. Square footage may change over time due to re-measurement or re-leasing. For land properties, square footage represents management’s estimate of developable square footage, the majority of which remains subject to entitlement approvals not yet obtained.

2.We own 25.6