Hudson Pacific Exits Two North San Jose Office Properties for $100.5MM but Still Holds 2.1MM SQFT at 70.6% Occupancy

Hudson Pacific Properties has unloaded two largely vacant North San Jose office properties for a combined $100.5 million and wrote down one of them, yet it still holds 2.09 million square feet in the submarket at 70.6 percent occupancy, well below the rest of its portfolio, even as executives point to Silicon Valley's best leasing quarter in six years.