Financial StabilityHPP 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 SupportThe City of San Francisco leased an additional 226ksf of office at HPP's 1455 Market St for 21 years, indicating strong demand and long-term commitment from public sector clients.
Leasing ActivityLeasing activity accelerated to 630ksf, the highest since 2Q22, indicating a positive trend in office space demand.