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Hudson Pacific eyes $295.4M from common share offering

Hudson PacificProperties Inc. priced its underwritten public offering of 10.6 million shares of its common stock, expectingto generate gross proceeds of approximately $295.4 million.

The company said it plans to use the gross proceeds to purchasea total of 10.0 million common units of limited partnership interest in its operatingpartnership, Hudson Pacific Properties LP, from certain entities affiliated withThe Blackstone Group LP and 117,223 common units of limited partnership interestin the operating partnership from certain funds affiliated with Farallon CapitalManagement LLC.

BofA Merrill Lynch is acting as the sole underwriter for theoffering.