---
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"
generated_at: "2026-06-07T04:38:29.153979+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hudson Pacific/Macerich sell One Westside/Westside Two for $700M to UC

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482512-24-000006
- JSON: https://secwatch.observer/filing/0001482512-24-000006.json
- Plain text: https://secwatch.observer/filing/0001482512-24-000006.txt

## Key facts
- M&A Transactions
  Hudson Pacific Properties, Inc. completed a disposition involving The Regents of the University of California for $700.0 million (closed 2023-12-27).
  - Action: disposition
  - Counterparty: The Regents of the University of California
  - Consideration: $700.0 million
  - Closing: 2023-12-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1482512/000148251224000006/0001482512-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.