{"schema_version":"secwatch.filing_event.v1","accession":"0001482512-24-000006","form_type":"8-K","ticker":"HPP","cik":"0001482512","company_name":"Hudson Pacific Properties, Inc.","filed_at":"2024-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.298165+00:00","generated_at":"2026-06-07T04:38:29.153979+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Hudson Pacific/Macerich sell One Westside/Westside Two for $700M to UC","bullets":["Gross sale price $700M; Hudson Pacific (75% JV interest) repaid $324.6M construction loan.","Net proceeds used to pay down unsecured revolving credit facility; no debt maturities until year-end 2025.","Pro forma net debt to undepreciated book value improved to 35% from 39% as of Sep 30, 2023.","Buyer is The Regents of the University of California; total property ~687,000 sq ft."],"urls":{"canonical":"https://secwatch.observer/filing/0001482512-24-000006","json":"https://secwatch.observer/filing/0001482512-24-000006.json","markdown":"https://secwatch.observer/filing/0001482512-24-000006.md","text":"https://secwatch.observer/filing/0001482512-24-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1482512/000148251224000006/0001482512-24-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1482512/000148251224000006/hpp-20231227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:38:29.153979+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ec8db277700cc5d38cfd59826d37426930220ceb","claim":"Hudson Pacific Properties, Inc. completed a disposition involving The Regents of the University of California for $700.0 million (closed 2023-12-27).","evidence_excerpt":"completed the sale of the property located at 10800, 10830 and 10850 West Pico Boulevard, Los Angeles, California, commonly known as \"One Westside\" and \"Westside Two\" (collectively, the \"Property\"), for a gross sale price of $700.0 million (before certain credits, prorations and closing costs). The Property was sold to The Regents of the University of California","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1482512/000148251224000006/0001482512-24-000006-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"The Regents of the University of California"},{"label":"Consideration","value":"$700.0 million"},{"label":"Closing","value":"2023-12-27"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}