Hudson Pacific’s $3.5B Bay Area Blackstone Deal

In April, Hudson Pacific Properties closed on the $3.5B purchase of Equity Office Properties’ 8.2M SF Bay Area office portfolio from Blackstone’s real estate funds—a deal that immediately doubled Hudson Pacific’s size. The portfolio included 26 office assets and two development parcels in San Francisco, Redwood Shores, Palo Alto, Silicon Valley and the San Jose airport. Hudson Pacific now owns and operates 33 office properties in the Bay Area, including Skyport Plaza in San Jose (shown).