Business
Hudson Pacific Completes $285 Million Refinancing of 1918 Eighth in Seattle
LOS ANGELES, August 25, 2025--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the successful refinancing of the loan secured by 1918 Eighth, a 668,000-square foot Class A, 99%-leased office tower located in Seattle’s Denny Triangle.
About this update from Hudson Pacific Properties, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":388,"url":"https://media.zenfs.com/en/business-wire.com/a47f511d4f71d3d45b6e2c1cbe71cf6d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gPA2FdyXzjfXSY.VAWT5sQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc3NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/a47f511d4f71d3d45b6e2c1cbe71cf6d","width":480,"height":388}},"lazy":false},{"type":"text","content":"All 2025 Debt Maturities Addressed","length":34,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, August 25, 2025--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the successful refinancing of the loan secured by 1918 Eighth, a 668,000-square foot Class A, 99%-leased office tower located in Seattle’s Denny Triangle.","length":344,"tagName":"p"},{"type":"text","content":"The new five-year, interest-only loan carries a fixed rate of 6.16% and matures in August 2030. Hudson Pacific, which owns 55% of 1918 Eighth in a joint venture, used net proceeds to repay its share of the prior $314.3 million loan scheduled to mature in December 2025.","length":269,"tagName":"p"},{"type":"text","content":""This transaction, addressing the last of our 2025 debt maturities, once again highlights the quality of our portfolio and our team’s ability to execute in today’s selective credit environment," said Harout Diramerian, Hudson Pacific’s CFO. "Prudent financial management has transformed our balance sheet and positioned us well to support leasing efforts as the West Coast office and entertainment industry recoveries take hold."","length":449,"tagName":"p"},{"type":"text","content":"Wells Fargo led the refinancing and Newmark acted as the broker.","length":64,"tagName":"p"},{"type":"text","content":"About Hudson Pacific Properties","length":31,"tagName":"p"},{"type":"text","content":"Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged ...