September 11, 2015
Hudson Pacific Properties has been purchasing Bay Area properties like crazy this year.
In all, the firm has snapped up 26 buildings, totaling 8.2 million square feet, at a total cost of $3.5 billion. The company’s recent purchase of a portfolio from Blackstone has turned Hudson into one of the area’s biggest commercial real estate firms, after being a relatively small shop just a few years ago.
Now, Hudson Pacific executives are undertaking a $250-million revamp of its portfolio, making various improvements. Among its more popular holdings is the one-million-square-foot 1455 Market St., in San Francisco, which is home to the headquarters of Uber and Square. An additional 100,000-square-foot lease is to be announced soon.