Financial LiquidityHPP announced the completion of a commercial mortgage-backed securities financing for a portfolio of six office properties with total gross proceeds of $475 million, enhancing liquidity.
Government And Corporate LeasingThe City of San Francisco leased an additional 226ksf of office at HPP's 1455 Market St for 21 years, aligning with government calls for more in-office workdays.
Leasing SuccessHPP's leasing success in 2024 was driven by a recovery in small-tenant demand, which is expected to continue.