Hudson Pacific Properties 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
Entity Information [Line Items]
Entity Registrant Name	Hudson Pacific Properties, Inc.
Entity Central Index Key	1,482,512
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		156,070,227
Hudson Pacific Partners L.P.
Entity Information [Line Items]
Entity Registrant Name	Hudson Pacific Properties, L.P.
Entity Central Index Key	1,496,264
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Real estate assets
Land	$ 1,413,269	$ 1,265,399
Building and improvements	4,765,915	4,502,235
Tenant improvements	403,359	373,778
Furniture and fixtures	7,230	4,276
Property under development	247,634	295,239
Total real estate held for investment	6,837,407	6,440,927
Accumulated depreciation and amortization	(506,118)	(419,368)
Investment in real estate, net	6,331,289	6,021,559
Cash and cash equivalents	73,242	83,015
Restricted cash	17,284	25,177
Accounts receivable, net	4,088	6,852
Straight-line rent receivables, net	93,093	87,281
Deferred leasing costs and lease intangible assets, net	282,272	309,962
Derivative assets	5,858	5,935
Goodwill	8,754	8,754
Prepaid expenses and other assets, net	32,777	27,153
Investment in unconsolidated entities	15,377	37,228
Assets associated with real estate held for sale	0	66,082
TOTAL ASSETS	6,864,034	6,678,998
LIABILITIES AND EQUITY
Notes payable, net	2,598,780	2,688,010
Accounts payable and accrued liabilities	134,237	120,444
Lease intangible liabilities, net	66,438	80,130
Security deposits	35,655	31,495
Prepaid rent	33,344	40,755
Derivative liabilities	987	1,303
Liabilities associated with real estate held for sale	0	3,934
TOTAL LIABILITIES	2,869,441	2,966,071
6.25% Series A cumulative redeemable preferred units of the operating partnership	10,177	10,177
Hudson Pacific Properties, Inc. stockholders’ equity:
Common stock, $0.01 par value, 490,000,000 authorized, 155,301,850 shares and 136,492,235 shares outstanding at June 30, 2017 and December 31, 2016, respectively	1,553	1,364
Additional paid-in capital	3,656,009	3,109,394
Accumulated other comprehensive income	5,960	9,496
Accumulated income (deficit)	7,592	(16,971)
Total Hudson Pacific Properties, Inc. stockholders’ equity	3,671,114	3,103,283
Hudson Pacific Properties, L.P. partners’ capital:
Accumulated other comprehensive income	5,960	9,496
TOTAL EQUITY	3,984,416	3,702,750
TOTAL LIABILITIES AND EQUITY	6,864,034	6,678,998
Hudson Pacific Partners L.P.
Real estate assets
Land	1,413,269	1,265,399
Building and improvements	4,765,915	4,502,235
Tenant improvements	403,359	373,778
Furniture and fixtures	7,230	4,276
Property under development	247,634	295,239
Total real estate held for investment	6,837,407	6,440,927
Accumulated depreciation and amortization	(506,118)	(419,368)
Investment in real estate, net	6,331,289	6,021,559
Cash and cash equivalents	73,242	83,015
Restricted cash	17,284	25,177
Accounts receivable, net	4,088	6,852
Straight-line rent receivables, net	93,093	87,281
Deferred leasing costs and lease intangible assets, net	282,272	309,962
Derivative assets	5,858	5,935
Goodwill	8,754	8,754
Prepaid expenses and other assets, net	32,777	27,153
Investment in unconsolidated entities	15,377	37,228
Assets associated with real estate held for sale	0	66,082
TOTAL ASSETS	6,864,034	6,678,998
LIABILITIES AND EQUITY
Notes payable, net	2,598,780	2,688,010
Accounts payable and accrued liabilities	134,237	120,444
Lease intangible liabilities, net	66,438	80,130
Security deposits	35,655	31,495
Prepaid rent	33,344	40,755
Derivative liabilities	987	1,303
Liabilities associated with real estate held for sale	0	3,934
TOTAL LIABILITIES	2,869,441	2,966,071
6.25% Series A cumulative redeemable preferred units of the operating partnership	10,177	10,177
Hudson Pacific Properties, Inc. stockholders’ equity:
Accumulated other comprehensive income	5,982	5,878
Hudson Pacific Properties, L.P. partners’ capital:
Common units, 155,870,895 and 145,942,855 issued and outstanding at June 30, 2017 and December 31, 2016, respectively.	3,678,536	3,392,264
Accumulated other comprehensive income	5,982	5,878
Total Hudson Pacific Properties, L.P. partners’ capital	3,684,518	3,398,142
Non-controlling interest—members in consolidated entities	299,898	304,608
TOTAL CAPITAL	3,984,416	3,702,750
TOTAL LIABILITIES AND EQUITY	6,864,034	6,678,998
Non-controlling interest—members in consolidated entities
Hudson Pacific Properties, L.P. partners’ capital:
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership	299,898	304,608
Non-controlling interest—units in the operating partnership
Hudson Pacific Properties, L.P. partners’ capital:
Non-controlling interest—members in Consolidated Entities and Non-controlling units in the Operating Partnership	13,404	294,859
TOTAL EQUITY	$ 13,404	$ 294,859

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Common Stock:
Common Stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	490,000,000	490,000,000
Common Stock, shares outstanding (in shares)	155,301,850	136,492,235
6.25% series A cumulative redeemable preferred units of the Operating Partnership
Series A Cumulative Redeemable Preferred units of the Operating Partnership
Temporary Equity, dividend rate percentage (as a percent)	6.25%	6.25%
6.25% series A cumulative redeemable preferred units of the Operating Partnership | Hudson Pacific Partners L.P.
Series A Cumulative Redeemable Preferred units of the Operating Partnership
Temporary Equity, dividend rate percentage (as a percent)	6.25%	6.25%
Common Units | Hudson Pacific Partners L.P.
Common Stock:
Common Stock, shares outstanding (in shares)	155,870,895	145,942,855
Common Units, shares issued (in shares)	155,870,895	145,942,855

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
REVENUES
TOTAL REVENUES	$ 180,500,000	$ 154,321,000	$ 348,785,000	$ 307,858,000
OPERATING EXPENSES
General and administrative	14,506,000	13,016,000	28,316,000	25,519,000
Depreciation and amortization	75,415,000	66,108,000	146,182,000	134,476,000
TOTAL OPERATING EXPENSES	152,392,000	134,510,000	292,174,000	269,036,000
INCOME FROM OPERATIONS	28,108,000	19,811,000	56,611,000	38,822,000
OTHER EXPENSE (INCOME)
Interest expense	21,695,000	17,614,000	43,625,000	34,865,000
Interest income	(16,000)	(73,000)	(46,000)	(86,000)
Unrealized loss on ineffective portion of derivative instruments	51,000	384,000	45,000	2,509,000
Acquisition-related expenses	0	61,000	0	61,000
Other income	(576,000)	(47,000)	(1,254,000)	(23,000)
TOTAL OTHER EXPENSES	21,154,000	17,939,000	42,370,000	37,326,000
INCOME BEFORE GAINS ON SALE OF REAL ESTATE	6,954,000	1,872,000	14,241,000	1,496,000
Gains on sale of real estate	0	2,163,000	16,866,000	8,515,000
NET INCOME	6,954,000	4,035,000	31,107,000	10,011,000
Net income attributable to preferred units	(159,000)	(159,000)	(318,000)	(318,000)
Net income attributable to participating securities	(255,000)	(196,000)	(495,000)	(393,000)
Net income attributable to non-controlling interest in consolidated entities	(2,974,000)	(2,396,000)	(6,011,000)	(4,341,000)
Net income attributable to units in the operating partnership	(13,000)	(445,000)	(215,000)	(1,867,000)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P.	$ 3,553,000	$ 839,000	$ 24,068,000	$ 3,092,000
Basic and diluted per share/unit amounts:
Net income attributable to common stockholders - basic (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Net income attributable to common stockholders - diluted (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Weighted average shares of common stock outstanding—basic (in shares)	155,290,559	95,145,496	151,640,853	92,168,432
Weighted average shares of common stock outstanding - diluted (in shares)	156,095,603	95,995,496	152,431,897	93,000,432
Dividends declared per share/unit (in dollars per share)	$ 0.250	$ 0.2	$ 0.500	$ 0.4
Hudson Pacific Partners L.P.
REVENUES
TOTAL REVENUES	$ 180,500,000	$ 154,321,000	$ 348,785,000	$ 307,858,000
OPERATING EXPENSES
General and administrative	14,506,000	13,016,000	28,316,000	25,519,000
Depreciation and amortization	75,415,000	66,108,000	146,182,000	134,476,000
TOTAL OPERATING EXPENSES	152,392,000	134,510,000	292,174,000	269,036,000
INCOME FROM OPERATIONS	28,108,000	19,811,000	56,611,000	38,822,000
OTHER EXPENSE (INCOME)
Interest expense	21,695,000	17,614,000	43,625,000	34,865,000
Interest income	(16,000)	(73,000)	(46,000)	(86,000)
Unrealized loss on ineffective portion of derivative instruments	51,000	384,000	45,000	2,509,000
Acquisition-related expenses	0	61,000	0	61,000
Other income	(576,000)	(47,000)	(1,254,000)	(23,000)
TOTAL OTHER EXPENSES	21,154,000	17,939,000	42,370,000	37,326,000
INCOME BEFORE GAINS ON SALE OF REAL ESTATE	6,954,000	1,872,000	14,241,000	1,496,000
Gains on sale of real estate	0	2,163,000	16,866,000	8,515,000
NET INCOME	6,954,000	4,035,000	31,107,000	10,011,000
Net income attributable to preferred units	(159,000)	(159,000)	(318,000)	(318,000)
Net income attributable to participating securities	(255,000)	(196,000)	(495,000)	(393,000)
Net income attributable to non-controlling interest in consolidated entities	(2,974,000)	(2,396,000)	(6,011,000)	(4,341,000)
Net income attributable to Hudson Pacific Properties, L.P.	3,980,000	1,639,000	25,096,000	5,670,000
Net income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P.	$ 3,566,000	$ 1,284,000	$ 24,283,000	$ 4,959,000
Basic and diluted per share/unit amounts:
Net income attributable to common stockholders - basic (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Net income attributable to common stockholders - diluted (in dollars per share)	0.02	0.01	0.16	0.03
Net income attributable to common unitholders —basic (in dollars per share)	0.02	0.01	0.16	0.03
Net income attributable to common unitholders —diluted (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Weighted average shares of common units outstanding—basic (in shares)	155,859,604	145,549,363	152,647,055	145,518,523
Weighted average shares of common units outstanding—diluted (in shares)	156,664,648	146,399,363	153,438,100	146,350,523
Dividends declared per share/unit (in dollars per share)	$ 0.250	$ 0.2	$ 0.500	$ 0.4
Office
REVENUES
Rental	$ 133,602,000	$ 118,047,000	$ 267,118,000	$ 234,274,000
Tenant recoveries	25,038,000	21,303,000	42,439,000	41,836,000
Parking and other	8,212,000	5,050,000	14,111,000	10,582,000
TOTAL REVENUES	166,852,000	144,400,000	323,668,000	286,692,000
OPERATING EXPENSES
Operating expenses	55,468,000	49,091,000	103,422,000	96,794,000
Office | Hudson Pacific Partners L.P.
REVENUES
Rental	133,602,000	118,047,000	267,118,000	234,274,000
Tenant recoveries	25,038,000	21,303,000	42,439,000	41,836,000
Parking and other	8,212,000	5,050,000	14,111,000	10,582,000
TOTAL REVENUES	166,852,000	144,400,000	323,668,000	286,692,000
OPERATING EXPENSES
Operating expenses	55,468,000	49,091,000	103,422,000	96,794,000
Media & Entertainment
REVENUES
Rental	9,105,000	6,857,000	15,790,000	12,885,000
Tenant recoveries	129,000	213,000	794,000	412,000
Other property-related revenue	4,361,000	2,810,000	8,403,000	7,779,000
Parking and other	53,000	41,000	130,000	90,000
TOTAL REVENUES	13,648,000	9,921,000	25,117,000	21,166,000
OPERATING EXPENSES
Operating expenses	7,003,000	6,295,000	14,254,000	12,247,000
Media & Entertainment | Hudson Pacific Partners L.P.
REVENUES
Rental	9,105,000	6,857,000	15,790,000	12,885,000
Tenant recoveries	129,000	213,000	794,000	412,000
Other property-related revenue	4,361,000	2,810,000	8,403,000	7,779,000
Parking and other	53,000	41,000	130,000	90,000
TOTAL REVENUES	13,648,000	9,921,000	25,117,000	21,166,000
OPERATING EXPENSES
Operating expenses	$ 7,003,000	$ 6,295,000	$ 14,254,000	$ 12,247,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income	$ 6,954	$ 4,035	$ 31,107	$ 10,011
Other comprehensive (loss) income: change in fair value of derivative instruments	(2,760)	(8,430)	104	(23,905)
Comprehensive income (loss)	4,194	(4,395)	31,211	(13,894)
Comprehensive income attributable to preferred units	(159)	(159)	(318)	(318)
Comprehensive income attributable to participating securities	(255)	(196)	(495)	(393)
Comprehensive income attributable to non-controlling interest in consolidated entities	(2,974)	(2,396)	(6,011)	(4,341)
Comprehensive (income) loss attributable to units in the operating partnership	(3)	2,474	(233)	7,040
Comprehensive income (loss) attributable to Hudson Pacific Properties, Inc. stockholders or Hudson Pacific Properties, L.P. partners' capital	803	(4,672)	24,154	(11,906)
Hudson Pacific Partners L.P.
Net income	6,954	4,035	31,107	10,011
Other comprehensive (loss) income: change in fair value of derivative instruments	(2,760)	(8,430)	104	(23,905)
Comprehensive income (loss)	4,194	(4,395)	31,211	(13,894)
Comprehensive income attributable to preferred units	(159)	(159)	(318)	(318)
Comprehensive income attributable to participating securities	(255)	(196)	(495)	(393)
Comprehensive income attributable to non-controlling interest in consolidated entities	(2,974)	(2,396)	(6,011)	(4,341)
Comprehensive income (loss) attributable to Hudson Pacific Properties, Inc. stockholders or Hudson Pacific Properties, L.P. partners' capital	$ 806	$ (7,146)	$ 24,387	$ (18,946)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock/Units	Additional Paid-in Capital	Accumulated (Deficit) Income	Accumulated Other Comprehensive (Loss) Income	Non- controlling Interest—Units in the Operating Partnership	Non-controlling Interest—Members in Consolidated Entities
Beginning Balance at Dec. 31, 2015	$ 3,729,037	$ 891	$ 1,710,979	$ (44,955)	$ (1,081)	$ 1,800,578	$ 262,625
Beginning balance (in shares) at Dec. 31, 2015		89,153,780
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions	33,996						33,996
Distributions	(1,303)						(1,303)
Proceeds from sale of common stock, net of underwriters’ discount and transaction costs	1,449,581	$ 470	1,449,111
Proceeds from sale of common stock, net of underwriters' discount and transaction costs (in shares)		47,010,695
Issuance of unrestricted stock	6	$ 6
Issuance of unrestricted stock (in shares)		590,520
Shares withheld to satisfy tax withholding	(8,427)	$ (3)	(8,424)
Shares withheld to satisfy tax withholding (in shares)		(262,760)
Declared dividend	(117,819)		(90,005)			(27,814)
Amortization of stock-based compensation	14,654		13,609			1,045
Net income	43,122			27,984		5,848	9,290
Change in fair value of derivatives	5,942				10,577	(4,635)
Redemption of common units in the operating partnership	(1,446,039)		34,124			(1,480,163)
Ending Balance at Dec. 31, 2016	$ 3,702,750	$ 1,364	3,109,394	(16,971)	9,496	294,859	304,608
Ending balance (in shares) at Dec. 31, 2016	136,492,235	136,492,235
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions	$ 3,870						3,870
Distributions	(14,591)						(14,591)
Proceeds from sale of common stock, net of underwriters’ discount and transaction costs	647,509	$ 187	647,322
Proceeds from sale of common stock, net of underwriters' discount and transaction costs (in shares)		18,656,575
Issuance of unrestricted stock	0	$ 3	(3)
Issuance of unrestricted stock (in shares)		273,301
Shares withheld to satisfy tax withholding	(4,203)	$ (1)	(4,202)
Shares withheld to satisfy tax withholding (in shares)		(120,261)
Declared dividend	(79,163)		(78,835)			(328)
Amortization of stock-based compensation	8,206		6,868			1,338
Net income	30,789			24,563		215	6,011
Change in fair value of derivatives	104				86	18
Redemption of common units in the operating partnership	(310,855)		(24,535)		(3,622)	(282,698)
Ending Balance at Jun. 30, 2017	$ 3,984,416	$ 1,553	$ 3,656,009	$ 7,592	$ 5,960	$ 13,404	$ 299,898
Ending balance (in shares) at Jun. 30, 2017	155,301,850	155,301,850

CONSOLIDATED STATEMENTS OF CAPI

CONSOLIDATED STATEMENTS OF CAPITAL - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance (in shares)		136,492,235
Contributions		$ 3,870		$ 33,996
Distributions		(14,591)		(1,303)
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		647,509		1,449,581
Issuance of unrestricted units		0		6
Units withheld to satisfy tax withholding		(4,203)		(8,427)
Declared distributions		(79,163)		(117,819)
Amortization of unit-based compensation		8,206		14,654
Net income		30,789		43,122
Change in fair value of derivatives	$ (2,760)	104	$ (23,905)	5,942
Redemption of common units		$ (310,855)		$ (1,446,039)
Ending balance (in shares)	155,301,850	155,301,850		136,492,235
Hudson Pacific Partners L.P.
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance		$ 3,702,750	3,729,037	$ 3,729,037
Contributions		3,870		33,996
Distributions		(14,591)		(1,303)
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		647,509		1,449,581
Issuance of unrestricted units		0		6
Units withheld to satisfy tax withholding		(4,203)		(8,427)
Declared distributions		(79,163)		(117,819)
Amortization of unit-based compensation		8,206		14,654
Net income		30,789		43,122
Change in fair value of derivatives	$ (2,760)	104	(23,905)	5,942
Redemption of common units		(310,855)		(1,446,039)
Ending balance	3,984,416	3,984,416		3,702,750
Hudson Pacific Partners L.P. | Common Units
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance		$ 3,392,264	$ 3,466,476	$ 3,466,476
Beginning balance (in shares)		145,942,855	145,450,095	145,450,095
Proceeds from sale of common units, net of underwriters’ discount and transaction costs		$ 647,509		$ 1,449,581
Proceeds from sale of common stock, net of underwriters' discount and transaction costs (in shares)		18,656,575		47,010,695
Issuance of unrestricted units				$ 6
Issuance of unrestricted stock (in shares)		273,301		590,520
Units withheld to satisfy tax withholding		$ (4,203)		$ (8,427)
Units withheld to satisfy tax withholding (in shares)		(120,261)		(262,760)
Declared distributions		$ (79,163)		$ (117,819)
Amortization of unit-based compensation		8,206		14,654
Net income		24,778		33,832
Redemption of common units		$ (310,855)		$ (1,446,039)
Redemption of common units (in shares)		(8,881,575)		(46,845,695)
Ending balance	$ 3,678,536	$ 3,678,536		$ 3,392,264
Ending balance (in shares)	155,870,895	155,870,895		145,942,855
Hudson Pacific Partners L.P. | Accumulated Other Comprehensive (Loss) Income
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance		$ 5,878	$ (64)	$ (64)
Change in fair value of derivatives		104		5,942
Ending balance	$ 5,982	5,982		5,878
Hudson Pacific Partners L.P. | Non-controlling Interest—Members in Consolidated Entities
Increase (Decrease) in Partners' Capital [Roll Forward]
Beginning balance		304,608	$ 262,625	262,625
Contributions		3,870		33,996
Distributions		(14,591)		(1,303)
Net income		6,011		9,290
Ending balance	$ 299,898	$ 299,898		$ 304,608

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 31,107,000	$ 10,011,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	146,182,000	134,476,000
Amortization of deferred financing costs and loan premium, net	2,373,000	2,134,000
Amortization of stock-based compensation	7,788,000	6,643,000
Straight-line rents	(5,781,000)	(11,281,000)
Straight-line rent expenses	160,000	750,000
Amortization of above- and below-market leases, net	(10,405,000)	(9,302,000)
Amortization of above- and below-market ground lease, net	1,470,000	1,070,000
Amortization of lease incentive costs	758,000	655,000
Bad debt (recovery) expense	(75,000)	512,000
Amortization of discount and net origination fees on purchased and originated loans	0	(208,000)
Unrealized loss on ineffective portion of derivative instruments	45,000	2,509,000
Gains on sale of real estate	(16,866,000)	(8,515,000)
Change in operating assets and liabilities:
Accounts receivable	3,177,000	10,001,000
Deferred leasing costs and lease intangibles	(15,216,000)	(25,725,000)
Prepaid expenses and other assets	(5,873,000)	(5,882,000)
Accounts payable and accrued liabilities	6,304,000	5,619,000
Security deposits	3,667,000	4,214,000
Prepaid rent	(7,779,000)	(8,814,000)
Net cash provided by operating activities	141,036,000	108,867,000
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(147,476,000)	(104,112,000)
Property acquisitions	(257,734,000)	0
Proceeds from sales of real estate	81,707,000	283,855,000
Contributions to unconsolidated entities	(1,071,000)	(28,393,000)
Distributions from unconsolidated entities	14,893,000	0
Deposit for property acquisitions	0	(20,000,000)
Proceed from repayment of notes receivable	0	28,892,000
Net cash (used in) provided by investing activities	(309,681,000)	160,242,000
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable	230,000,000	677,000,000
Payments of notes payable	(321,270,000)	(597,416,000)
Proceeds from issuance of common stock, net	647,509,000	293,628,000
Payment for redemption of common units in the operating partnership	(310,855,000)	(294,209,000)
Distributions paid to common stockholders and unitholders	(79,163,000)	(59,119,000)
Distributions paid to preferred unitholders	(318,000)	(318,000)
Contributions from non-controlling member in consolidated entities	3,870,000	103,000
Distributions to non-controlling member in consolidated entities	(14,591,000)	(663,000)
Payments to satisfy tax withholding	(4,203,000)	(1,776,000)
Payments of loan costs	0	(1,334,000)
Net cash provided by financing activities	150,979,000	15,896,000
Net (decrease) increase in cash and cash equivalents and restricted cash	(17,666,000)	285,005,000
Cash and cash equivalents and restricted cash—beginning of period	108,192,000	71,561,000
Cash and cash equivalents and restricted cash—end of period	90,526,000	356,566,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest including amounts capitalized	42,462,000	38,714,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts payable and accrued liabilities for investment in property	(3,427,000)	(8,866,000)
Reclassification of investment in unconsolidated entities for real estate investments	7,835,000	0
Hudson Pacific Partners L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	31,107,000	10,011,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	146,182,000	134,476,000
Amortization of deferred financing costs and loan premium, net	2,373,000	2,134,000
Amortization of stock-based compensation	7,788,000	6,643,000
Straight-line rents	(5,781,000)	(11,281,000)
Straight-line rent expenses	160,000	750,000
Amortization of above- and below-market leases, net	(10,405,000)	(9,302,000)
Amortization of above- and below-market ground lease, net	1,470,000	1,070,000
Amortization of lease incentive costs	758,000	655,000
Bad debt (recovery) expense	(75,000)	512,000
Amortization of discount and net origination fees on purchased and originated loans	0	(208,000)
Unrealized loss on ineffective portion of derivative instruments	45,000	2,509,000
Gains on sale of real estate	(16,866,000)	(8,515,000)
Change in operating assets and liabilities:
Accounts receivable	3,177,000	10,001,000
Deferred leasing costs and lease intangibles	(15,216,000)	(25,725,000)
Prepaid expenses and other assets	(5,873,000)	(5,882,000)
Accounts payable and accrued liabilities	6,304,000	5,619,000
Security deposits	3,667,000	4,214,000
Prepaid rent	(7,779,000)	(8,814,000)
Net cash provided by operating activities	141,036,000	108,867,000
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(147,476,000)	(104,112,000)
Property acquisitions	(257,734,000)	0
Proceeds from sales of real estate	81,707,000	283,855,000
Contributions to unconsolidated entities	(1,071,000)	(28,393,000)
Distributions from unconsolidated entities	14,893,000	0
Deposit for property acquisitions	0	(20,000,000)
Proceed from repayment of notes receivable	0	28,892,000
Net cash (used in) provided by investing activities	(309,681,000)	160,242,000
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable	230,000,000	677,000,000
Payments of notes payable	(321,270,000)	(597,416,000)
Proceeds from issuance of common stock, net	647,509,000	293,628,000
Payment for redemption of common units in the operating partnership	(310,855,000)	(294,209,000)
Distributions paid to common stockholders and unitholders	(79,163,000)	(59,119,000)
Distributions paid to preferred unitholders	(318,000)	(318,000)
Contributions from non-controlling member in consolidated entities	3,870,000	103,000
Distributions to non-controlling member in consolidated entities	(14,591,000)	(663,000)
Payments to satisfy tax withholding	(4,203,000)	(1,776,000)
Payments of loan costs	0	(1,334,000)
Net cash provided by financing activities	150,979,000	15,896,000
Net (decrease) increase in cash and cash equivalents and restricted cash	(17,666,000)	285,005,000
Cash and cash equivalents and restricted cash—beginning of period	108,192,000	71,561,000
Cash and cash equivalents and restricted cash—end of period	90,526,000	356,566,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest including amounts capitalized	42,462,000	38,714,000
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts payable and accrued liabilities for investment in property	(3,427,000)	(8,866,000)
Reclassification of investment in unconsolidated entities for real estate investments	$ 7,835,000	$ 0

Organization

Organization	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Hudson Pacific Properties, Inc. is a Maryland corporation formed on November 9, 2009 as a fully integrated, self-administered and self-managed real estate investment trust (“REIT”). Through its controlling interest in the operating partnership and its subsidiaries, Hudson Pacific Properties, Inc. owns, manages, leases, acquires and develops real estate, consisting primarily of office and media and entertainment properties. Unless otherwise indicated or unless the context requires otherwise, all references in these financial statements to the “Company” refer to Hudson Pacific Properties, Inc. together with its consolidated subsidiaries, including Hudson Pacific Properties, L.P. Unless otherwise indicated or unless the context requires otherwise, all references to “our operating partnership” or “the operating partnership” refer to Hudson Pacific Properties, L.P. together with its consolidated subsidiaries. On April 1, 2015, the Company completed the acquisition of the EOP Northern California Portfolio (“EOP Acquisition”) from Blackstone Real Estate Partners V and VI (“Blackstone”). The EOP Acquisition consisted of 26 high-quality office assets totaling approximately 8.2 million square feet and two development parcels located throughout the Northern California region. The total consideration paid for the EOP Acquisition before certain credits, prorations and closing costs included a cash payment of $1.75 billion and an aggregate of 63,474,791 shares of common stock of Hudson Pacific Properties, Inc. and common units in the operating partnership. The Company’s portfolio consists of properties located throughout Northern and Southern California and the Pacific Northwest. The following table summarizes our portfolio as of June 30, 2017 : Number of Properties Square Feet (unaudited) Office properties: Northern California (1) 29 9,595,286 Southern California (2) 16 2,817,509 Pacific Northwest (3) 7 1,490,613 Total Office properties 52 13,903,408 Media & Entertainment properties: Southern California (2) 3 1,256,577 Total Media & Entertainment properties 3 1,256,577 Total 55 15,159,985 _________________ (1) Includes the San Francisco, Redwood Shores, Palo Alto, Milpitas, North San Jose, San Mateo, Foster City and Santa Clara submarkets. (2) Includes the Burbank, Hollywood, Torrance, West Los Angeles and Downtown Los Angeles submarkets. (3) Includes the Lynnwood, South Lake Union and Pioneer Square submarkets.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of the Company and the operating partnership are prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying interim financial statements reflect all adjustments of a normal and recurring nature that are considered necessary for a fair presentation of the results for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ended December 31, 2017 . The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2016 Annual Report on Form 10-K of Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. and the notes thereto. Certain amounts in the consolidated financial statements for the prior period have been reclassified to conform to the current period presentation. Specifically, in the Consolidated Balance Sheets for the prior period, certain amounts have been reclassified to held for sale. These amounts relate to 3402 Pico Boulevard, which was sold on March 21, 2017. Principles of Consolidation The unaudited interim consolidated financial statements of the Company include the accounts of the Company, the operating partnership and all wholly owned subsidiaries and variable interest entities (“VIEs”), of which the Company is the primary beneficiary. The unaudited interim consolidated financial statements of the operating partnership include the accounts of the operating partnership, and all wholly owned subsidiaries and VIEs of which the operating partnership is the primary beneficiary. All intercompany balances and transactions have been eliminated in the consolidated financial statements. The Company consolidates all VIEs of which the Company is considered the primary beneficiary. VIEs are defined as entities in which equity investors (i) do not have the characteristics of a controlling financial interest and/or (ii) do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The entity that consolidates a VIE is known as its primary beneficiary and is generally the entity with (i) the power to direct the activities that most significantly affect the VIE’s economic performance and (ii) the right to receive benefits from the VIE or the obligation to absorb losses of the VIE that could be significant to the VIE. Four of the Company’s joint ventures and its operating partnership meet the definition of a VIE. The Company is the primary beneficiary of and consolidates three of the joint ventures and the operating partnership. Refer to Note 16 for details. Substantially all of the assets and liabilities of the Company are related to these VIEs. As of June 30, 2017, the Company is not consolidating one of its joint ventures, of which it is not the primary beneficiary. As of December 31, 2016, the Company was not consolidating one of its joint ventures, of which it is not the primary beneficiary, and an interest in land. Due to its significant influence over non-consolidated entities, the Company accounts for them using the equity method of accounting. Refer to Note 7 for details. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, its accrued liabilities and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates. Recently Issued Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (the “FASB”) in the form of Accounting Standards Update (“ASU”). The following ASUs were adopted by the Company in 2017: Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment This guidance removes step two from the goodwill impairment test. As a result, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Company early adopted this guidance during the second quarter of 2017 and applied it prospectively. The adoption did not have an impact on the Company’s consolidated financial statements. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings (SEC Update) The guidance in this ASU is based on two SEC staff announcements made at the September 2016 and November 2016 EITF meetings. In the September meeting, the SEC announced that a registrant should disclose the potential material effects of the ASUs related to revenues, leases and credit losses on financial instruments. As a result of the November meeting, the ASU conforms Accounting Standards Codification (“ASC”) 323 to the guidance issued in ASU 2014-01 related to investments in qualified affordable housing projects. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. With the adoption, the Company provided updates on its implementation of the ASUs related to revenue, leases and credit losses on financial instruments. Please refer to sections below for updates on the implementation of revenue and lease ASUs. The ASU related to credit losses on financial instruments could have a material impact on trade receivables and the Company is currently assessing the impact of this ASU on its consolidated financial statements and notes to the consolidated financial statements. ASU 2016-19, Technical Corrections and Improvements The technical corrections make minor change to certain aspects of the FASB ASC, including changes to resolve differences between current and pre-Codification guidance, updates to wording, references to avoid misapplication and textual simplifications to increase the Codification’s utility and understandability and minor amendments to guidance that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) This guidance requires entities to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. The Company early adopted this guidance during the second quarter of 2017 and applied it retrospectively. Pursuant to the adoption, the Company revised the Consolidated Statement of Cash Flows and disclosed the reconciliation to the related captions in the Consolidated Balance Sheets in Note 19. ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control This guidance outlines how a single decisionmaker of a VIE should treat indirect interests held through other related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The Company adopted this guidance during the first quarter of 2017 and applied it retrospectively. The adoption did not have a material impact on the Company’s consolidated financial statements and did not change the consolidation conclusion. ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments This ASU clarifies how certain transactions should be classified in the statement of cash flows, including debt prepayment costs, contingent consideration payments made after a business combination and distributions received from equity method investments. The ASU provides two approaches to determine the classification of cash distributions received from equity method investments: (i) the “cumulative earnings” approach, under which distributions up to the amount of cumulative equity in earnings recognized will be classified as cash inflows from operating activities, and those in excess of that amount will be classified as cash inflows from investing activities and (ii) the “nature of the distribution” approach, under which distributions will be classified based on the nature of the underlying activity that generated cash distributions. The guidance requires a Company to elect either the “cumulative earnings” approach or the “nature of the distribution” approach at the time of adoption. The Company early adopted this guidance during the second quarter of 2017 and applied it retrospectively. Pursuant to the adoption, the Company elected the “nature of the distribution” approach related to the distributions received from its equity method investments. The adoption did not have an impact on the Company’s Consolidated Statements of Cash Flows. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323), Simplifying the Transition to the Equity Method of Accounting The guidance eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for use of the equity method. The guidance also requires an investor that has an available-for-sale security that subsequently qualifies for the equity method to recognize in net income the unrealized holding gains or losses in accumulated other comprehensive income related to that security when it begins applying the equity method. It is required to apply this guidance prospectively. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. ASU 2016-05, Derivatives and Hedging (Topic 815), Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The guidance states that the novation of a derivative contract (e.g., a change in the counterparty) in a hedge accounting relationship does not, in and of itself, require de-designation of that hedge accounting relationship. The hedge accounting relationship could continue uninterrupted if all of the other hedge accounting criteria are met, including the expectation that the hedge will be highly effective when the creditworthiness of the new counterparty to the derivative contract is considered. Either a prospective or a modified retrospective approach can be applied. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. Update on ASC 606, Revenue from Contracts with Customers (“ASC 606”), implementation On May 28, 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This guidance outlines a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and specifically notes that lease contracts with customers are a scope exception. FASB has subsequently issued other ASUs to amend and provide further guidance related to ASC 606. These ASUs are effective for annual reporting periods (including interim periods) beginning after December 15, 2017. Either the full retrospective basis (to the beginning of its contracts) or modified retrospective method (from the beginning of the latest fiscal year of adoption) is permitted. The Company has formed an implementation team, completed training of the new standards with the implementation team and begun review and documentation. Additionally, the Company has developed a project plan and is in the process of refining the project plan. The Company has preliminarily identified three revenue streams. Two of these revenue streams will be accounted for under ASC 606 when it becomes effective on January 1, 2018. The remaining one revenue stream integral to the Company’s leasing revenues will be accounted for under ASC 606, effective with the adoption of ASC 842 on January 1, 2019. The Company plans on adopting ASC 606 on January 1, 2018 using the modified retrospective approach. Update on ASC 842, Leases (“ASC 842”), implementation On February 25, 2016, the FASB issued ASU 2016-02 to amend the accounting guidance for leases. Under this guidance, lessor can capitalize only those costs that are defined as initial direct costs. The Company anticipates that indirect leasing costs will be expensed as incurred. For lessee accounting, this guidance requires all lessees to record a lease liability at lease inception, with a corresponding right-of-use asset, except for short-term leases. ASC 842 also provides practical expedients that allow entities to not (i) reassess whether any expired or existing contracts are or contain leases; (ii) reassess the lease classification for any expired or existing leases; (iii) reassess initial direct costs for any existing leases. This ASU is effective for annual reporting periods (including interim periods) beginning after December 15, 2018. It is required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period presented in the consolidated financial statements. The Company has formed an implementation team, completed training of the new standards with the implementation team and begun review and documentation. As a lessor, the Company will expense indirect leasing costs as incurred under the new guidance. During the three and six months ended June 30, 2017 , the Company capitalized $1.7 million and $3.2 million of indirect leasing costs, respectively. The Company continues to evaluate the amounts of right-of-use asset and lease liability that will need to be recorded with respect to its ground leases where it is the lessee. As of June 30, 2017 , the future undiscounted minimum lease payments under the Company’s ground leases totaled $458.2 million . The Company plans on adopting the standard on January 1, 2019 and expects to adopt using the practical expedience elections. Other recently issued ASUs The Company considers the applicability and impact of all ASUs. The following table lists the recently issued ASUs that have not been disclosed in the Company ’s 2016 Annual Report on Form 10-K and have not been adopted by the Company. The list excludes those ASUs that are not expected to have a material impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting The guidance clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. It is required to apply this guidance prospectively. Effective for annual reporting periods (including interim periods) beginning after December 15, 2017 The Company does not currently expect a material impact of this ASU on its consolidated financial statements and notes to the consolidated financial statements. The Company plans to adopt this guidance during the first quarter in 2018. ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets The guidance updates the definition of an in substance nonfinancial asset and clarifies the scope of ASC 610-20 on the sale or transfer of nonfinancial assets to noncustomers, including partial sales. It also clarifies the derecognition guidance for nonfinancial assets to conform with the new revenue recognition standard. Either a full or modified retrospective approach can be applied. Effective for annual reporting periods (including interim periods) beginning after December 15, 2017 The Company currently expects that the adoption of this ASU could have a material impact on its consolidated financial statements; however, such impact will not be known until the Company disposes of any of its investments in real estate properties, which would all be sales of nonfinancial assets. The Company plans to adopt this guidance during the first quarter in 2018 and apply it using the modified retrospective approach.

Investment in Real Estate

Investment in Real Estate	6 Months Ended
	Jun. 30, 2017
Real Estate [Abstract]
Investment in Real Estate	Investment in Real Estate Acquisitions The Company’s acquisitions are accounted for using the acquisition method. The results of operations for each of these acquisitions are included in the Company’s Consolidated Statements of Operations from the date of acquisition. The Company assesses fair value based on Level 2 and Level 3 inputs within the fair value framework, which includes estimated cash flow projections that utilize appropriate discount, capitalization rates, renewal probability and available market information, which includes market rental rate and market rent growth rates. Estimates of future cash flows are based on a number of factors, including historical operating results, known and anticipated trends and market and economic conditions. The fair value of tangible assets of an acquired property considers the value of the property as if it was vacant. The fair value of acquired “above- and below-” market leases are based on the estimated cash flow projections utilizing discount rates that reflect the risks associated with the leases acquired. The amount recorded is based on the present value of the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the extended below-market term for any leases with below-market renewal options. Other intangible assets acquired include amounts for in-place lease values that are based on the Company’s evaluation of the specific characteristics of each tenant’s lease. Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, market conditions and costs to execute similar leases. In estimating carrying costs, the Company includes estimates of lost rents at market rates during the hypothetical expected lease-up periods, which are dependent on local market conditions. In estimating costs to execute similar leases, the Company considers leasing commissions and legal and other related costs. The following table summarizes the information on the acquisitions completed during the six months ended June 30, 2017 : Property Submarket Segment Date of Acquisition Square Feet (unaudited) Purchase Price (1) (in millions) Sunset Las Palmas Studios (2) Hollywood Media and Entertainment 5/1/2017 369,000 $ 200.0 11601 Wilshire land (3) West Los Angeles Office 6/15/2017 N/A 50.0 6666 Santa Monica (4) Hollywood Media and Entertainment 6/29/2017 4,150 3.2 Total acquisitions 373,150 $ 253.2 _____________ (1) Represents purchase price before certain credits, prorations and closing costs. (2) The property consists of stages, production office and support space on 15 acres near Sunset Gower Studios and Sunset Bronson Studios. The purchase price above does not include equipment purchased by the Company for $2.8 million , which purchase was transacted separately from the studio acquisition. In April 2017, the Company drew $150.0 million under the unsecured revolving credit facility to fund the acquisition. (3) On July 1, 2016 the Company purchased a partial interest in land held as a tenancy in common in conjunction with its acquisition of the 11601 Wilshire property. The land interest held as a tenancy in common was accounted for as an equity method investment. On June 15, 2017, the Company purchased the remaining interest which was re-measured and allocated to land and building. (4) This parcel is adjacent to the Sunset Las Palmas Studios property. The Company evaluated each acquisition to determine if the integrated set of assets and activities acquired meet the definition of a business and need to be accounted for as a business combination in accordance with ASC 805, Business Combinations . An integrated set of assets and activities would fail to qualify as a business if either (i) substantially all of the fair value of the gross assets acquired is concentrated in either a single identifiable asset or a group of similar identifiable assets or (ii) the integrated set of assets and activities is lacking, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs (i.e., revenue generated before and after the transaction). An acquired process is considered substantive if (i) the process includes an organized workforce (or includes an acquired contract that provides access to an organized workforce) that is skilled, knowledgeable and experienced in performing the process, (ii) the process cannot be replaced without significant cost, effort, or delay or (iii) the process is considered unique or scarce. These acquisitions did not meet the definition of a business and were therefore accounted for as asset acquisitions. The following table represents the Company’s final aggregate purchase price accounting, as of the respective acquisition dates, for each of the Company’s acquisitions completed in the six months ended June 30, 2017: Sunset Las Palmas Studios (1) 11601 Wilshire land 6666 Santa Monica Total Investment in real estate, net $ 202,723 $ 50,034 $ 3,091 $ 255,848 Deferred leasing costs and in-place lease intangibles (2) 1,741 — 145 1,886 Total asset assumed $ 204,464 $ 50,034 $ 3,236 $ 257,734 _____________ (1) The purchase price allocation includes equipment purchased by the Company of $2.8 million . (2) Represents weighted-average amortization period of 1.21 years. Dispositions The following table summarizes the properties sold during the six months ended June 30, 2017 . These properties were non-strategic assets to the Company’s portfolio: Property Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) 222 Kearny Street February 14, 2017 148,797 $ 51.8 3402 Pico Boulevard March 21, 2017 50,687 35.0 Total dispositions 199,484 $ 86.8 _________________ (1) Represents gross sales price before certain credits, prorations and closing costs. The dispositions of these properties resulted in gains of $16.9 million for the six months ended June 30, 2017 . This amount is included in gains on sale of real estate in the Consolidated Statements of Operations. There were no dispositions for the three months ended June 30, 2017 . Held for Sale The Company had two properties classified as held for sale as of December 31, 2016. Both properties were disposed of during the first quarter of 2017. The Company had no properties classified as held for sale as of June 30, 2017 . Impairment of Long-Lived Assets No impairment indicators have been noted and the Company recorded no impairment charges for the six months ended June 30, 2017 .

Deferred Leasing Costs and Leas

Deferred Leasing Costs and Lease Intangibles, net	6 Months Ended
	Jun. 30, 2017
Leases [Abstract]
Deferred Leasing Costs and Lease Intangibles, net	Deferred Leasing Costs and Lease Intangibles, net The following summarizes the Company’s deferred leasing costs and lease intangibles as of: June 30, 2017 December 31, 2016 Above-market leases $ 21,881 $ 23,430 Accumulated amortization (14,706 ) (12,989 ) Above-market leases, net 7,175 10,441 Deferred leasing costs and in-place lease intangibles 371,813 378,540 Accumulated amortization (161,756 ) (145,551 ) Deferred leasing costs and in-place lease intangibles, net 210,057 232,989 Below-market ground leases 71,210 71,423 Accumulated amortization (6,170 ) (4,891 ) Below-market ground leases, net 65,040 66,532 Deferred leasing costs and lease intangible assets, net $ 282,272 $ 309,962 Below-market leases $ 134,472 $ 141,676 Accumulated amortization (69,018 ) (62,552 ) Below-market leases, net 65,454 79,124 Above-market ground leases 1,095 1,095 Accumulated amortization (111 ) (89 ) Above-market ground leases, net 984 1,006 Lease intangible liabilities, net $ 66,438 $ 80,130 The Company recognized the following amortization related to deferred leasing costs and lease intangibles: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Above-market leases (1) $ 1,911 $ 3,695 $ 3,267 $ 7,414 Below-market leases (1) 6,584 8,146 13,672 16,716 Deferred leasing costs and in-place lease intangibles (2) 20,644 22,098 40,437 44,666 Above-market ground leases (3) 11 11 22 22 Below-market ground leases (3) 844 546 1,492 1,092 __________________ (1) Amortization is recorded in revenues in the Consolidated Statements of Operations. (2) Amortization is recorded in depreciation and amortization expense and office rental revenues in the Consolidated Statements of Operations. (3) Amortization is recorded in office operating expenses in the Consolidated Statements of Operations.

Accounts Receivable, net

Accounts Receivable, net	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net The Company’s accounting policy and methodology used to estimate the allowance for doubtful accounts is discussed in the Company’s 2016 Annual Report on Form 10-K. The following table summarizes the Company’s accounts receivable, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Accounts receivable $ 5,857 $ 8,697 Allowance for doubtful accounts (1,769 ) (1,845 ) Accounts receivable, net $ 4,088 $ 6,852 Straight-line Rent Receivables, net The Company’s accounting policy and methodology used to estimate the allowance for doubtful accounts is discussed in the Company’s 2016 Annual Report on Form 10-K. The following table represents the Company’s straight-line rent receivables, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Straight-line rent receivables $ 93,210 $ 87,417 Allowance for doubtful accounts (117 ) (136 ) Straight-line rent receivables, net $ 93,093 $ 87,281

Straight-line Rent Receivables,

Straight-line Rent Receivables, net	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Straight-line Rent Receivables, net	Accounts Receivable, net The Company’s accounting policy and methodology used to estimate the allowance for doubtful accounts is discussed in the Company’s 2016 Annual Report on Form 10-K. The following table summarizes the Company’s accounts receivable, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Accounts receivable $ 5,857 $ 8,697 Allowance for doubtful accounts (1,769 ) (1,845 ) Accounts receivable, net $ 4,088 $ 6,852 Straight-line Rent Receivables, net The Company’s accounting policy and methodology used to estimate the allowance for doubtful accounts is discussed in the Company’s 2016 Annual Report on Form 10-K. The following table represents the Company’s straight-line rent receivables, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Straight-line rent receivables $ 93,210 $ 87,417 Allowance for doubtful accounts (117 ) (136 ) Straight-line rent receivables, net $ 93,093 $ 87,281

Investment in Unconsolidated En

Investment in Unconsolidated Entities	6 Months Ended
	Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities Investment in unconsolidated real estate in which the Company has the ability to exercise significant influence (but not control) is accounted for under the equity method of investment. Under the equity method, the Company initially records the investment at cost and subsequently adjusts for equity in earnings or losses and cash contributions and distributions. The Company’s net equity investment is reflected within investment in unconsolidated entities on the Consolidated Balance Sheets and the Company’s share of net income or loss from the entity is included within other income on the Consolidated Statements of Operations. On June 16, 2016 , the Company entered into a joint venture to co-originate a loan secured by land in Santa Clara, California. The Company holds a 21% interest in the joint venture. The assets of the joint venture consist of the notes receivable. The Company’s investment in this joint venture was $15.4 million and $29.4 million as of June 30, 2017 and December 31, 2016 , respectively, which represents the maximum exposure for loss for the Company. On June 13, 2017, the Company received a return of capital of $14.9 million . The joint venture meets the criteria of a VIE and the Company accounts for this investment under the equity method of accounting since the Company is not the primary beneficiary. On July 1, 2016, the Company entered into an agreement with an unaffiliated third party related to the land on which its 11601 Wilshire property is located. The Company holds a 28% interest in the land held as a tenancy in common. The agreement does not meet the definition of a VIE and the Company accounts for its interest in the land held as a tenancy in common under the equity method of accounting. The Company’s interest in the land was $7.8 million as of December 31, 2016 . On June 15, 2017, the Company purchased the remaining interest for $50.0 million . See Note 3 for details. As a result of this transaction, $7.8 million is included within land on the consolidated balance sheets.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The Company’s goodwill balance as of June 30, 2017 and December 31, 2016 was $8.8 million . The Company does not amortize this asset but instead analyzes it on a quarterly basis for impairment. No impairment indicators have been noted during the six months ended June 30, 2017 .

Notes Payable, net

Notes Payable, net	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Notes Payable, net	Notes Payable, net The following table summarizes the balances of the Company’s indebtedness as of: June 30, 2017 December 31, 2016 Notes payable $ 2,616,568 $ 2,707,839 Deferred financing costs, net (1) (17,788 ) (19,829 ) Notes payable, net $ 2,598,780 $ 2,688,010 ________________ (1) Excludes deferred financing costs related to establishing the Company’s unsecured revolving credit facility of $1.2 million and $1.5 million as of June 30, 2017 and December 31, 2016 , respectively, which are included in prepaid expenses and other assets, net in the Consolidated Balance Sheets. The following table sets forth information with respect to the amounts included in notes payable, net as of: June 30, 2017 December 31, 2016 Principal Amount Deferred Financing Costs, net Principal Amount Deferred Financing Costs, net Interest Rate (1) Contractual Maturity Date UNSECURED LOANS Unsecured Revolving Credit Facility (2) $ 210,000 $ — $ 300,000 $ — LIBOR+ 1.15% to 1.85% 4/1/2019 (3) 5-Year Term Loan due April 2020 (2)(4) 450,000 (2,972 ) 450,000 (3,513 ) LIBOR+ 1.30% to 2.20% 4/1/2020 5-Year Term Loan due November 2020 (2) 175,000 (650 ) 175,000 (745 ) LIBOR +1.30% to 2.20% 11/17/2020 7-Year Term Loan due April 2022 (2)(5) 350,000 (2,049 ) 350,000 (2,265 ) LIBOR+ 1.60% to 2.55% 4/1/2022 7-Year Term Loan due November 2022 (2)(6) 125,000 (852 ) 125,000 (931 ) LIBOR +1.60% to 2.55% 11/17/2022 Series A Notes 110,000 (852 ) 110,000 (930 ) 4.34% 1/2/2023 Series E Notes 50,000 (277 ) 50,000 (300 ) 3.66% 9/15/2023 Series B Notes 259,000 (2,144 ) 259,000 (2,271 ) 4.69% 12/16/2025 Series D Notes 150,000 (851 ) 150,000 (898 ) 3.98% 7/6/2026 Series C Notes 56,000 (515 ) 56,000 (539 ) 4.79% 12/16/2027 TOTAL UNSECURED LOANS 1,935,000 (11,162 ) 2,025,000 (12,392 ) MORTGAGE LOANS Mortgage Loan secured by Rincon Center (7) 99,392 (119 ) 100,409 (198 ) 5.13% 5/1/2018 Mortgage Loan secured by Sunset Gower Studios/Sunset Bronson Studios 5,001 (1,180 ) 5,001 (1,534 ) LIBOR+2.25% 3/4/2019 (3) Mortgage Loan secured by Met Park North (8) 64,500 (342 ) 64,500 (398 ) LIBOR+1.55% 8/1/2020 Mortgage Loan secured by 10950 Washington (7) 27,675 (320 ) 27,929 (354 ) 5.32% 3/11/2022 Mortgage Loan secured by Pinnacle I (9)(10) 129,000 (542 ) 129,000 (593 ) 3.95% 11/7/2022 Mortgage Loan secured by Element LA 168,000 (2,190 ) 168,000 (2,321 ) 4.59% 11/6/2025 Mortgage Loan secured by Pinnacle II (10) 87,000 (682 ) 87,000 (720 ) 4.30% 6/11/2026 Mortgage Loan secured by Hill7 (11) 101,000 (1,251 ) 101,000 (1,319 ) 3.38% 11/6/2026 TOTAL MORTGAGE LOANS 681,568 (6,626 ) 682,839 (7,437 ) TOTAL $ 2,616,568 $ (17,788 ) $ 2,707,839 $ (19,829 ) _________________ (1) Interest rate with respect to indebtedness is calculated on the basis of a 360 -day year for the actual days elapsed. Interest rates are as of June 30, 2017 , which may be different than the interest rates as of December 31, 2016 for corresponding indebtedness. (2) The Company has the option to make an irrevocable election to change the interest rate depending on the Company’s credit rating. As of June 30, 2017 , no such election had been made. (3) The maturity date may be extended once for an additional one -year term. (4) Effective July 2016, $300.0 million of the term loan has been effectively fixed at 2.75% to 3.65% per annum through the use of two interest rate swaps. See Note 10 for details. (5) Effective July 2016, the outstanding balance of the term loan has been effectively fixed at 3.36% to 4.31% per annum through the use of two interest rate swaps. See Note 10 for details. (6) Effective June 1, 2016, the outstanding balance of the term loan has been effectively fixed at 3.03% to 3.98% per annum through the use of an interest rate swap. See Note 10 for details. (7) Monthly debt service includes annual debt amortization payments based on a 30 -year amortization schedule with a balloon payment at maturity. (8) This loan bears interest only. Interest on the full loan amount has been effectively fixed at 3.71% per annum through the use of an interest rate swap. See Note 10 for details. (9) This loan bears interest only for the first five years. Beginning with the payment due December 6, 2017, monthly debt service will include annual debt amortization payments based on a 30 -year amortization schedule with a balloon payment at maturity. (10) The Company owns 65% of the ownership interests in the consolidated joint venture that owns the Pinnacle I and II properties. The full amount of the loan is shown. (11) The Company owns 55% of the ownership interest in the consolidated joint venture that owns the Hill7 property. The full amount of the loan is shown. The maturity date of this loan can be extended for an additional two years at a higher interest rate and with principal amortization. Indebtedness The Company presents its financial statements on a consolidated basis. Notwithstanding such presentation, except to the extent expressly indicated, such as in the case of the project financing for Sunset Gower Studios and Sunset Bronson Studios, the Company’s separate property-owning subsidiaries are not obligors of the debt of their respective affiliates and each property-owning subsidiary’s separate liabilities do not constitute obligations of its respective affiliates. Loan agreements include events of default that the Company believes are usual for loan and transactions of this type. As of the date of this filing, there have been no events of default associated with the Company’s loans. The following table summarizes the minimum future principal payments due (before the impact of extension options, if applicable) on the operating partnership’s secured and unsecured notes payable as of June 30, 2017 : Year Annual Principal Payments Remaining 2017 $ 1,443 2018 101,157 2019 217,886 2020 692,493 2021 3,142 Thereafter 1,600,447 Total $ 2,616,568 Unsecured Revolving Credit Facility The operating partnership’s unsecured revolving credit facility is amended from time to time. The terms of the arrangement are more fully described in the Company’s 2016 Annual Report on Form 10-K. The Company uses the unsecured revolving credit facility to finance the acquisition of other properties, to provide funds for tenant improvements and capital expenditures and to provide for working capital and other corporate purposes. The following table summarizes the balance and key terms of the unsecured revolving credit facility as of: June 30, 2017 December 31, 2016 Outstanding borrowings $ 210,000 $ 300,000 Remaining borrowing capacity 190,000 100,000 Total borrowing capacity $ 400,000 $ 400,000 Interest rate (1) LIBOR+ 1.15% to 1.85% Facility fee-annual rate (1) 0.20% or 0.35% Contractual maturity date (2) 4/1/2019 _________________ (1) The rate is based on the operating partnership’s leverage ratio. (2) The maturity date may be extended once for an additional one -year term. Debt Covenants The operating partnership’s ability to borrow under its unsecured loan arrangements remains subject to ongoing compliance with financial and other covenants as defined in the respective agreements. Certain financial covenant ratios are subject to change in the occurrence of material acquisitions as defined in the respective agreements. Other covenants include certain limitations on dividend payouts and distributions, limits on certain types of investments outside of the operating partnership’s primary business and other customary affirmative and negative covenants. The following table summarizes existing covenants and their covenant levels, when considering the most restrictive terms: Covenant Ratio Covenant Level Leverage ratio maximum of 0.60:1.00 Unencumbered leverage ratio maximum of 0.60:1.00 Fixed charge coverage ratio minimum of 1.50:1.00 Secured indebtedness leverage ratio maximum of 0.45:1.00 Unsecured interest coverage ratio minimum of 2.00:1.00 The operating partnership was in compliance with its financial covenants as of June 30, 2017 . Repayment Guarantees Sunset Gower Studios and Sunset Bronson Studios Loan In connection with the loan secured by the Sunset Gower Studios and Sunset Bronson Studios properties, the Company has guaranteed in favor of and promised to pay to the lender 19.5% of the principal payable under the loan in the event the borrower, a wholly-owned entity of the operating partnership, does not do so. As of June 30, 2017 , the outstanding balance was $5.0 million , which results in a maximum guarantee amount for the principal under this loan of $1.0 million . Furthermore, the Company agreed to guarantee the completion of the construction improvements, including tenant improvements, as defined in the agreement, in the event of any default of the borrower. If the borrower fails to complete the remaining required work, the guarantor agrees to perform timely all of the completion obligations, as defined in the agreement. As of the date of this filing, there has been no event of default associated with this loan. Other Loans Although the rest of the operating partnership’s loans are secured and non-recourse, the operating partnership provides limited customary secured debt guarantees for items such as voluntary bankruptcy, fraud, misapplication of payments and environmental liabilities. Interest Expense The following table represents a reconciliation from the gross interest expense to the amount of the interest expense line item in the Consolidated Statements of Operations: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Gross interest expense (1) $ 23,047 $ 19,179 $ 46,238 $ 38,185 Capitalized interest (2,539 ) (2,828 ) (4,986 ) (5,454 ) Amortization of deferred financing costs and loan premium, net 1,187 1,263 2,373 2,134 Interest expense $ 21,695 $ 17,614 $ 43,625 $ 34,865 _________________ (1) Includes interest on the Company’s notes payable and hedging activities.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into derivative instruments in order to hedge interest rate risk. The Company had six interest rate swaps with aggregate notional amounts of $839.5 million as of June 30, 2017 and December 31, 2016 . These derivative instruments were designated as effective cash flow hedges for accounting purposes. There is no impact on the Company’s Consolidated Statements of Cash Flows. The Company’s derivative instruments are classified as Level 2 and their fair values are derived from estimated values obtained from observable market data for similar instruments. 5 -Year Term Loan due April 2020 and 7 -Year Term Loan due April 2022 On April 1, 2015, the Company effectively hedged $300.0 million of the 5 -Year Term Loan due April 2020 through two interest rate swaps, each with a notional amount of $150.0 million , which, effective as of May 1, 2015, swapped one-month LIBOR to a fixed rate of 1.36% through the loan’s maturity. Therefore, the interest rate is effectively fixed at 2.66% to 3.56% , depending on the operating partnership’s leverage ratio. The unhedged portion bears interest at a rate equal to one-month LIBOR plus 1.30% to 2.20% , depending on the operating partnership’s leverage ratio. The Company also effectively hedged its $350.0 million 7 -Year Term Loan due April 2022 through two interest rate swaps, which, effective as of May 1, 2015, swapped one-month LIBOR to a fixed rate of 1.61% through the loan’s maturity. Therefore, the interest rate is effectively fixed at 3.21% to 4.16% depending on the operating partnership’s leverage ratio. In July 2016, the derivative instruments described above were amended to include a 0.00% floor to one-month LIBOR and then de-designated the original swap and designated the amended swap as a hedge in order to minimize the ineffective portion of the original derivative instruments. Therefore, the effective interest rate increased to a range of 2.75% to 3.65% with respect to $300.0 million of the 5 -Year Term Loan due April 2020 and 3.36% to 4.31% with respect to the 7 -year Term Loan due April 2022, in each case, per annum. The interest rate within the range is based on the operating partnership’s leverage ratio. The amount included in accumulated other comprehensive income (loss) prior to the de-designation is amortized into interest expense over the remaining original terms of the derivative instruments. For the three and six months ended June 30, 2017 , the Company recognized an unrealized loss of $51 thousand and $45 thousand , respectively, on the Consolidated Statement of Operations related to the ineffective portion of these derivative instruments. For the three and six months ended June 30, 2016 , the Company recognized an unrealized loss of $0.4 million and $2.5 million , respectively. 7 -Year Term Loan due November 2022 On May 3, 2016, the Company entered into a derivative instrument with respect to $125.0 million of the 7 -Year Term Loan due November 2022. This derivative instrument became effective on June 1, 2016 and swapped one-month LIBOR, which includes a 0.00% floor, to a fixed rate of 1.43% through the loan’s maturity. Met Park North On July 31, 2013, the Company closed a seven -year loan totaling $64.5 million with Union Bank, N.A., secured by the Met Park North property. The loan bears interest at a rate equal to one-month LIBOR plus 1.55% . The full loan is subject to an interest rate contract that swaps one -month LIBOR to a fixed rate of 2.16% through the loan’s maturity on August 1, 2020. Overall The fair market value of derivative instruments is presented on a gross basis in the Consolidated Balance Sheets. The derivative assets as of June 30, 2017 and December 31, 2016 were $5.9 million and $5.9 million , respectively. The derivative liabilities as of June 30, 2017 and December 31, 2016 were $1.0 million and $1.3 million , respectively. The Company reclassifies into earnings in the same period during which the hedged forecasted transaction affects earnings. As of June 30, 2017 , the Company expects $1.9 million of unrealized loss included in accumulated other comprehensive loss will be reclassified to interest expense in the next 12 months.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Hudson Pacific Properties, Inc. has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with its taxable year ended December 31, 2010. Provided that it continues to qualify for taxation as a REIT, Hudson Pacific Properties, Inc. is generally not subject to corporate level income tax on the earnings distributed currently to its stockholders. The Company has elected, together with one of its subsidiaries, to treat such subsidiary as a taxable REIT subsidiary (“TRS”) for federal income tax purposes. The Company’s property-owning subsidiaries are limited liability companies and are treated as pass-through entities or disregarded entities (or, in the case of the entities that own the 1455 Market Street and Hill7 properties, REITs) for federal income tax purposes. Accordingly, no provision has been made for federal income taxes in the accompanying consolidated financial statements for the activities of these entities. The Company periodically evaluates its tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. As of June 30, 2017 , the Company has not established a liability for uncertain tax positions. The Company and its TRS file income tax returns with the U.S. federal government and various state and local jurisdictions. The Company and its TRS are no longer subject to tax examinations by tax authorities for years prior to 2012. Generally, the Company has assessed its tax positions for all open years, which include 2012 to 2016, and concluded that there are no material uncertainties to be recognized.

Future Minimum Lease Payments

Future Minimum Lease Payments	6 Months Ended
	Jun. 30, 2017
Future Minimum Lease Payments [Abstract]
Future Minimum Lease Payments	Future Minimum Lease Payments The following table summarizes the Company’s ground lease terms related to properties that are held subject to long-term noncancellable ground lease obligations: Property Expiration Date Notes 3400 Hillview 10/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent until October 31, 2017 is the lesser of 10% of Fair Market Value (“FMV”) of the land or $1.0 million grown at 75% of the cumulative increases in consumer price index (“CPI”) from October 1989. Thereafter, minimum annual rent is the lesser of 10% of FMV of the land or the minimum annual rent as calculated as of November 1, 2017 plus 75% of subsequent cumulative CPI changes. Percentage annual rent is gross income multiplied by 24.125%. This lease has been prepaid through October 31, 2017. 9300 Wilshire 8/14/2032 The ground rent is the greater of minimum annual rent or percentage annual rent. Percentage annual rent is gross income multiplied by 6%. Clocktower Square 9/26/2056 The ground rent is minimum annual rent (adjusted every 10 years) plus 25% of adjusted gross income (“AGI”) less minimum annual rent. Del Amo Office 6/30/2049 Rent under the ground sublease is $1.00 per year, with the sublessee being responsible for all impositions, insurance premiums, operating charges, maintenance charges, construction costs and other charges, costs and expenses that arise or may be contemplated under any provisions of the ground sublease. Foothill Research Center 6/30/2039 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is gross income multiplied by 24.125%. Lockheed 7/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is Lockheed’s base rent multiplied by 24.125%. Metro Center 4/29/2054 Every 10 years rent adjusts to 7.233% of FMV of the land (since 2008) and adjusts to reflect the change in CPI from the preceding FMV adjustment date (since 2013). Page Mill Center 11/30/2041 The ground rent is minimum annual rent (adjusted on 1/1/2019 and 1/1/2029) plus 25% of AGI, less minimum annual rent. Page Mill Hill 11/17/2049 The ground rent is minimum annual rent (adjusted every 10 years) plus 60% of the average of the percentage annual rent for the previous 7 lease years. Palo Alto Square 11/30/2045 The ground rent is minimum annual rent (adjusted every 10 years starting 1/1/2022) plus 25% of AGI less minimum annual rent. Sunset Gower Studios 3/31/2060 Every 7 years rent adjusts to 7.5% of FMV of the land. Techmart Commerce Center 5/31/2053 Subject to a 10% increase every 5 years. Contingent rental expense is recorded in the period in which the contingent event becomes probable. The Company recognized rent for ground leases and a corporate office lease as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Contingent rental expense $ 1,650 $ 2,110 $ 3,834 $ 4,447 Minimum rental expense 3,055 3,497 6,251 6,994 The following table provides information regarding the Company’s future minimum lease payments for its ground leases (before the impact of extension options, if applicable) as of June 30, 2017 : Year Ground Leases (1) Remaining 2017 $ 6,385 2018 14,063 2019 14,113 2020 14,113 2021 14,113 Thereafter 395,386 Total $ 458,173 _________________ (1) In situations where ground lease obligation adjustments are based on third-party appraisals of fair market land value, CPI adjustments and/or percentage of gross income that exceeds the minimum annual rent, the future minimum lease amounts above include the lease rental obligations in effect as of June 30, 2017 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The GAAP fair value framework uses a three-tiered approach. Fair value measurements are classified and disclosed in one of the following three categories: • Level 1: unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities; • Level 2: quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3: prices or valuation techniques where little or no market data is available that require inputs that are both significant to the fair value measurement and unobservable. The Company measures fair value of financial instruments using Level 2 inputs categorized within the fair value framework. The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of: June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets $ — $ 5,858 $ — $ 5,858 $ — $ 5,935 $ — $ 5,935 Derivative liabilities — 987 — 987 — 1,303 — 1,303 Other Financial Instruments The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities are reasonable estimates of fair value, using Level 1 inputs, because of the short-term nature of these instruments. Fair values for notes payable are estimates based on rates currently prevailing for similar instruments of similar maturities using Level 2 inputs. The table below represents the carrying value and fair value of the Company’s notes payable as of: June 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Unsecured notes payable (1) $ 1,935,000 $ 1,921,880 $ 2,025,000 $ 2,011,210 Secured notes payable (1) 681,568 669,651 682,839 669,924 _________________ (1) Amounts represent notes payable excluding net deferred financing costs.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has various stock compensation arrangements, which are more fully described in the 2016 Annual Report on Form 10-K. Under the 2010 Incentive Plan, as amended (the “2010 Plan”), the Company’s board of directors (the “Board”) has the ability to grant, among other things, restricted stock, restricted stock units and performance-based awards. The Board awards restricted shares to non-employee board members on an annual basis as part of such board members’ annual compensation and to newly elected non-employee board members in accordance with the Board compensation program. The time-based awards are generally issued in the second quarter and the individual share awards vest in equal annual installments over the applicable service vesting period, which is three years. The Board awards time-based restricted shares to employees on an annual basis as part of the employees’ annual compensation. The time-based awards are generally issued in the fourth quarter and the individual share awards vest in equal annual installments over the applicable service vesting period, which is generally three years. Additionally, certain restricted share awards are subject to a mandatory holding period upon vesting if the grantee is a named executive officer. In December 2015, the Compensation Committee of the Board awarded a one-time special retention award to certain executives. The grants consist of time-based awards and performance-based awards. The time-based awards vest in equal 25% installments over four years, subject to the participant’s continued employment. The performance-based awards vest over a four -year period, subject to the achievement of applicable performance goals and the participant’s continued employment. The Compensation Committee of the Board annually adopts a Hudson Pacific Properties, Inc. Outperformance Program (“OPP Plan”) under the 2010 Plan. An award under the OPP Plan is ultimately earned to the extent the Company outperforms a predetermined total shareholder return (“TSR”) goal and/or achieves goals with respect to the outperformance of its peers in a particular REIT index. The ultimate aggregate award cannot exceed the predetermined maximum bonus pool. With respect to OPP Plan awards granted prior to 2017, to the extent an award is earned following the completion of a three -year performance period, 50% of the earned award will vest in full at the end of the three -year performance period and 25% of the earned award will vest in equal annual installments over the two years thereafter, subject to the participant’s continued employment. OPP Plan awards granted are settled in common stock or, in the case of certain executives, in performance units in the operating partnership. In February 2017, the Compensation Committee adopted the 2017 OPP Plan. The 2017 OPP Plan is substantially similar to the previous OPP Plans except for (i) the performance period is January 1, 2017 to December 31, 2019 (ii) the maximum bonus pool is $20.0 million and (iii) the two -year post-performance vesting period was replaced with a two -year mandatory holding period upon vesting. The per unit fair value of 2017 OPP award granted was estimated on the date of grant using the following assumptions in the Monte Carlo valuation: Assumption Expected price volatility for the Company 24.00% Expected price volatility for the particular REIT index 17.00% Risk-free rate 1.47% Dividend yield 2.30% The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended June 30, Six Months Ended June 30, Consolidated Financial Statement Classification 2017 2016 2017 2016 Expensed stock compensation $ 3,886 $ 3,301 $ 7,788 $ 6,643 General and administrative expenses Capitalized stock compensation 219 106 418 188 Deferred leasing costs and lease intangibles, net and tenant improvements Total stock compensation $ 4,105 $ 3,407 $ 8,206 $ 6,831 Additional paid-in capital and non-controlling interest—units in the operating partnership

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Earnings Per Share of Hudson Pacific Properties, Inc. Hudson Pacific Properties, Inc. calculates basic earnings per share by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. Hudson Pacific Properties, Inc. calculates diluted earnings per share by dividing the diluted net income available to common stockholders for the period by the weighted average number of common shares and dilutive instruments outstanding during the period using the treasury stock method or the if-converted method, whichever is more dilutive. Unvested time-based RSUs and unvested OPP awards that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The following table reconciles the numerator and denominator in computing Hudson Pacific Properties, Inc.’s basic and diluted earnings per share for net income available to common stockholders: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net income $ 6,954 $ 4,035 $ 31,107 $ 10,011 Income attributable to preferred units (159 ) (159 ) (318 ) (318 ) Income attributable to participating securities (255 ) (196 ) (495 ) (393 ) Income attributable to non-controlling interest in consolidated entities (2,974 ) (2,396 ) (6,011 ) (4,341 ) Income attributable to non-controlling units of the operating partnership (13 ) (445 ) (215 ) (1,867 ) Basic and diluted net income available to common stockholders $ 3,553 $ 839 $ 24,068 $ 3,092 Denominator: Basic weighted average common shares outstanding 155,290,559 95,145,496 151,640,853 92,168,432 Effect of dilutive instruments (1) 805,044 850,000 791,044 832,000 Diluted weighted average common shares outstanding 156,095,603 95,995,496 152,431,897 93,000,432 Basic earnings per common share $ 0.02 $ 0.01 $ 0.16 $ 0.03 Diluted earnings per common share $ 0.02 $ 0.01 $ 0.16 $ 0.03 ________________ (1) The Company includes unvested awards and convertible common units as contingently issuable shares in the computation of diluted earnings per share once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation. Earnings Per Share of Hudson Pacific Properties, L.P. Hudson Pacific Properties, L.P. calculates basic earnings per share by dividing the net income available to common unitholders for the period by the weighted average number of common units outstanding during the period. Hudson Pacific Properties, L.P. calculates diluted earnings per share by dividing the diluted net income available to common unitholders for the period by the weighted average number of common units and dilutive instruments outstanding during the period using the treasury stock method or the if-converted method, whichever is more dilutive. Unvested time-based RSUs and unvested OPP awards that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per unit pursuant to the two-class method. The following table reconciles the numerator and denominator in computing Hudson Pacific Properties, L.P.’s basic and diluted earnings per unit for net income available to common unitholders: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net income $ 6,954 $ 4,035 $ 31,107 $ 10,011 Income attributable to preferred units (159 ) (159 ) (318 ) (318 ) Income attributable to participating securities (255 ) (196 ) (495 ) (393 ) Income attributable to non-controlling interest in consolidated entities (2,974 ) (2,396 ) (6,011 ) (4,341 ) Basic and diluted net income available to common unitholders $ 3,566 $ 1,284 $ 24,283 $ 4,959 Denominator: Basic weighted average common units outstanding 155,859,604 145,549,363 152,647,055 145,518,523 Effect of dilutive instruments (1) 805,044 850,000 791,045 832,000 Diluted weighted average common units outstanding 156,664,648 146,399,363 153,438,100 146,350,523 Basic earnings per common unit $ 0.02 $ 0.01 $ 0.16 $ 0.03 Diluted earnings per common unit $ 0.02 $ 0.01 $ 0.16 $ 0.03 ________________ (1) The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

Equity

Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Equity	Equity The table below presents the effect of the Company’s derivative instruments on accumulated other comprehensive income (“OCI”): Hudson Pacific Properties, Inc. Stockholders ’ Equity Non-controlling Interest—Units in the Operating Partnership Total Equity Balance at January 1, 2017 $ 9,496 $ (3,618 ) $ 5,878 Unrealized loss recognized in OCI due to change in fair value (2,833 ) (3 ) (2,836 ) Loss reclassified from OCI into income (as interest expense) 2,919 21 2,940 Net change in OCI related to derivative instruments 86 18 104 Reclassification related to redemption of common units in the operating partnership (3,622 ) 3,622 — Balance at June 30, 2017 $ 5,960 $ 22 $ 5,982 Non-controlling Interests Common units in the operating partnership Common units of the operating partnership and shares of common stock of the Company have essentially the same economic characteristics, as they share equally in the total net income or loss distributions of the operating partnership. Investors who own common units have the right to cause the operating partnership to repurchase any or all of their common units for cash equal to the then-current market value of one share of common stock or, at the Company’s election, issue shares of the Company’s common stock in exchange for common units on a one-for-one basis. The following table summarizes the ownership of common units, excluding unvested restricted units as of: June 30, 2017 December 31, 2016 Company-owned common units in the operating partnership 155,301,850 136,492,235 Company’s ownership interest percentage 99.6 % 93.5 % Non-controlling common units in the operating partnership (1) 569,045 9,450,620 Non-controlling ownership interest percentage (1) 0.4 % 6.5 % _________________ (1) Represents common units held by certain of the Company’s executive officers and directors, certain of their affiliates and other outside investors. On January 10, 2017, common unitholders required the operating partnership to repurchase 8,881,575 common units and the Company elected, in accordance with the limited partnership agreement of the operating partnership, to settle in cash to satisfy the repurchase. The Company funded the repurchase using the proceeds from a registered underwritten public offering of common stock. Performance units are partnership interests in the operating partnership. Each performance unit awarded will be deemed equivalent to an award of one share of common stock under the 2010 Plan, reducing the availability for other equity awards on a one-for-one basis. Under the terms of the performance units, the operating partnership will revalue its assets for tax purposes upon the occurrence of certain specified events and any increase in valuation from the time of grant until such event will be allocated first to the holders of performance units to equalize the capital accounts of such holders with the capital accounts of common unitholders. Subject to any agreed upon exceptions, once vested and having achieved parity with common unitholders, performance units are convertible into common units in the operating partnership on a one -for-one basis. The operating partnership meets the criteria of a VIE and the Company is the primary beneficiary of the operating partnership. Non-controlling interest—members in consolidated entities The Company has an interest in a joint venture with Media Center Partners, LLC (the “Pinnacle JV”). The Pinnacle JV owns the Pinnacle, a two -building (Pinnacle I and Pinnacle II), 625,640 -square-foot office property located in Burbank, California. The Company initially owned a 98.25% interest in the Pinnacle JV. Beginning June 2013, the Company owns a 65% interest in the Pinnacle JV. In January 2015, the Company entered into a joint venture with Canada Pension Plan Investment Board, (“CPPIB”) through which CPPIB purchased a 45% interest in the 1455 Market Street office property located in San Francisco, California, for a purchase price of $219.2 million (before certain credits, proration and closing costs). The Company owns a 55% interest in the 1455 Market Street office property. In October 2016, the Company entered into another joint venture with CPPIB to purchase the Hill7 office property located in Seattle, Washington for a purchase price of $179.8 million (before credits, prorations and closing costs). The Company owns a 55% interest in the Hill7 office property. These joint ventures, of which the Company is the primary beneficiary, meet the criteria of a VIE. 6.25% Series A cumulative redeemable preferred units of the operating partnership There are 407,066 Series A preferred units of partnership interest in the operating partnership, or Series A preferred units, which are not owned by the Company. These Series A preferred units are entitled to preferential distributions at a rate of 6.25% per annum on the liquidation preference of $25.00 per unit and became convertible at the option of the holder into common units or redeemable into cash or, at the Company’s election, exchangeable for registered shares of common stock after June 29, 2013. For a description of the conversion and redemption rights of the Series A preferred units, please see “Description of the Partnership Agreement of Hudson Pacific Properties, L.P. — Material Terms of Our Series A Preferred Units” in the Company’s June 23, 2010 Prospectus. Common Stock Activity On January 10, 2017, the Company completed a public offering of 8,881,575 shares of common stock of Hudson Pacific Properties, Inc. Proceeds from the offering were used to repurchase common units in the operating partnership. On March 3, 2017, the Company completed another public offering of 9,775,000 shares of common stock. Proceeds from the offering were used to fully repay a $255.0 million balance outstanding under its unsecured revolving credit facility, with the remaining proceeds used for general corporate purposes. The Company’s at-the-market, or ATM, program permits sales of up to $125.0 million of common stock. The Company did not utilize the ATM program during the six months ended June 30, 2017 . A cumulative total of $20.1 million has been sold as of June 30, 2017 . Share repurchase program On January 20, 2016, the Board authorized a share repurchase program to buy up to $100.0 million of the outstanding common stock of Hudson Pacific Properties, Inc. No share repurchases have been made as of June 30, 2017 . Dividends During the second quarter of 2017 , the Company declared dividends on its common stock and non-controlling interest in common units in the operating partnership of $0.250 per share and unit. The Company also declared dividends on its Series A preferred units of $0.3906 per unit. The second quarter dividends were paid on June 30, 2017 to stockholders and unitholders of record on June 20, 2017. Taxability of Dividends Earnings and profits, which determine the taxability of distributions to stockholders, may differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of loss on extinguishment of debt, revenue recognition and compensation expense and in the basis of depreciable assets and estimated useful lives used to compute depreciation.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Employment Agreements The Company has entered into employment agreements with certain executive officers, effective January 1, 2016, that provide for various severance and change in control benefits and other terms and conditions of employment. Lease and Subsequent Purchase of Corporate Headquarters from Blackstone On July 26, 2006, the Company’s predecessor, Hudson Capital, LLC, entered into a lease agreement and subsequent amendments with landlord Trizec Holdings Cal, LLC (an affiliate of Blackstone) for the Company’s corporate headquarters at 11601 Wilshire Boulevard. The Company amended the lease to increase its occupancy to 40,120 square feet commencing on September 1, 2015. On December 16, 2015, the Company entered into an amendment of that lease to expand the space to approximately 42,371 square feet and to extend the term by an additional three years, to a total of ten years, through August 31, 2025. On July 1, 2016, the Company purchased the 11601 Wilshire property from affiliates of Blackstone for $311.0 million (before credits, prorations and closing costs). JMG Capital Lease at 11601 Wilshire JMG Capital Management LLC leases approximately 6,638 square feet at the Company’s 11601 Wilshire property pursuant to an eight -year lease at an aggregate rate of approximately $279 thousand annualized rent per year. Jonathan M. Glaser, a director on the Board, is the founder and managing member of JMG Capital Management LLC. JMG Capital Management LLC was a tenant of the property at the time it was purchased by the Company. 222 Kearny Street Disposition On February 14, 2017, the Company sold its 222 Kearny Street property to a joint venture, a partner of which is an affiliate of the Farallon Funds. Richard B. Fried, a director on the Board, is a managing member of the Farallon Funds. Agreements Related to EOP Acquisition On April 1, 2015, the Company completed the EOP Acquisition from certain affiliates of Blackstone, which consisted of 26 high-quality office assets totaling approximately 8.2 million square feet and two development parcels located throughout the San Francisco Peninsula, Redwood Shores, Palo Alto, Silicon Valley and North San Jose submarkets. The total consideration paid for the EOP Acquisition before certain credits, prorations and closing costs included a cash payment of $1.75 billion and an aggregate of 63,474,791 shares of common stock of Hudson Pacific Properties, Inc. and common units in the operating partnership. In connection with the EOP Acquisition, the Company, the operating partnership and Blackstone entered into a stockholders agreement, which conferred Blackstone certain rights, including the right to nominate up to three of the Company’s directors. Additionally, the Company entered into a registration rights agreement with Blackstone providing for customary registration rights with respect to the equity consideration paid in the EOP Acquisition. Following a common stock offering and common unit repurchase on January 10, 2017, the stockholders agreement and the registration rights agreement automatically terminated on that date. Common Stock Offerings and Common Unit Redemptions On January 10, 2017, the Company, Blackstone and the Farallon Funds completed a public offering of 18,673,808 shares of common stock, consisting of 8,881,575 shares offered by the Company and 9,792,233 shares offered by the selling stockholders. The offering generated net proceeds for the Company and the selling stockholders of approximately $310.9 million and $342.7 million , respectively, before expenses. The Company used the net proceeds that it received from the offering to redeem 8,881,575 common units held by Blackstone and the Farallon Funds. The Company did not receive any proceeds from the sale of the common stock by the selling stockholders in the offerings described above but it paid approximately half of the expenses of the offerings with respect to the shares of common stock sold by the Farallon Funds and all of the expenses with respect to the shares of common stock sold by Blackstone, in each case, other than underwriting discounts, which were borne by the selling stockholders.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal From time to time, the Company is party to various lawsuits, claims and other legal proceedings arising out of, or incident to, the ordinary course of business. Management believes, based in part upon consultation with legal counsel, that the ultimate resolution of all such claims will not have a material adverse effect on the Company’s results of operations, financial position or cash flows. As of June 30, 2017 , the risk of material loss from such legal actions impacting the Company’s financial condition or results from operations has been assessed as remote. Concentrations As of June 30, 2017 , the majority of the Company’s properties were located in California, which exposes the Company to greater economic risks than if it owned a more geographically dispersed portfolio. A significant portion of the Company’s rental revenue is derived from tenants in the media and entertainment and technology industries. As of June 30, 2017 , approximately 17.2% and 26.4% of rentable square feet were related to the media and entertainment and technology industries, respectively. As of June 30, 2017 , the Company’s 15 largest tenants represented approximately 23.2% of its rentable square feet and no single tenant accounted for more than 10% . Letters of Credit As of June 30, 2017 , the Company has an outstanding letter of credit totaling approximately $2.0 million under the unsecured revolving credit facility. The letter of credit is related to utility company security deposit requirements.

Cash Flow Reconciliation

Cash Flow Reconciliation	6 Months Ended
	Jun. 30, 2017
Cash and Cash Equivalents [Abstract]
Cash Flow Reconciliation	Cash Flow Reconciliation Restricted cash primarily consists of amounts held by lenders to fund reserves such as capital improvements, taxes, insurance, debt service and operating expenditures. Pursuant to the adoption of ASU 2016-18, the Company included restricted cash with cash and cash equivalents in the Consolidated Statements of Cash Flows, which resulted in an increase of $1.2 million in the net cash provided by operating activities line item in the Consolidated Statements of Cash Flows for the six months ended June 30, 2016 . The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: Six Months Ended June 30, 2017 2016 Beginning of period: Cash and cash equivalents $ 83,015 $ 53,551 Restricted cash 25,177 18,010 Total $ 108,192 $ 71,561 End of period: Cash and cash equivalents $ 73,242 $ 337,400 Restricted cash 17,284 19,166 Total $ 90,526 $ 356,566

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated financial statements of the Company and the operating partnership are prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying interim financial statements reflect all adjustments of a normal and recurring nature that are considered necessary for a fair presentation of the results for the interim periods presented. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ended December 31, 2017 . The interim consolidated financial statements should be read in conjunction with the consolidated financial statements in the 2016 Annual Report on Form 10-K of Hudson Pacific Properties, Inc. and Hudson Pacific Properties, L.P. and the notes thereto. Certain amounts in the consolidated financial statements for the prior period have been reclassified to conform to the current period presentation. Specifically, in the Consolidated Balance Sheets for the prior period, certain amounts have been reclassified to held for sale. These amounts relate to 3402 Pico Boulevard, which was sold on March 21, 2017.
Principles of Consolidation	The unaudited interim consolidated financial statements of the Company include the accounts of the Company, the operating partnership and all wholly owned subsidiaries and variable interest entities (“VIEs”), of which the Company is the primary beneficiary. The unaudited interim consolidated financial statements of the operating partnership include the accounts of the operating partnership, and all wholly owned subsidiaries and VIEs of which the operating partnership is the primary beneficiary. All intercompany balances and transactions have been eliminated in the consolidated financial statements. The Company consolidates all VIEs of which the Company is considered the primary beneficiary. VIEs are defined as entities in which equity investors (i) do not have the characteristics of a controlling financial interest and/or (ii) do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The entity that consolidates a VIE is known as its primary beneficiary and is generally the entity with (i) the power to direct the activities that most significantly affect the VIE’s economic performance and (ii) the right to receive benefits from the VIE or the obligation to absorb losses of the VIE that could be significant to the VIE. Four of the Company’s joint ventures and its operating partnership meet the definition of a VIE. The Company is the primary beneficiary of and consolidates three of the joint ventures and the operating partnership. Refer to Note 16 for details. Substantially all of the assets and liabilities of the Company are related to these VIEs. As of June 30, 2017, the Company is not consolidating one of its joint ventures, of which it is not the primary beneficiary. As of December 31, 2016, the Company was not consolidating one of its joint ventures, of which it is not the primary beneficiary, and an interest in land. Due to its significant influence over non-consolidated entities, the Company accounts for them using the equity method of accounting.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate properties, its accrued liabilities and its performance-based equity compensation awards. The Company bases its estimates on historical experience, current market conditions and various other assumptions that are believed to be reasonable under the circumstances. Actual results could materially differ from these estimates.
Recently Issued Accounting Pronouncements	Changes to GAAP are established by the Financial Accounting Standards Board (the “FASB”) in the form of Accounting Standards Update (“ASU”). The following ASUs were adopted by the Company in 2017: Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment This guidance removes step two from the goodwill impairment test. As a result, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Company early adopted this guidance during the second quarter of 2017 and applied it prospectively. The adoption did not have an impact on the Company’s consolidated financial statements. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings (SEC Update) The guidance in this ASU is based on two SEC staff announcements made at the September 2016 and November 2016 EITF meetings. In the September meeting, the SEC announced that a registrant should disclose the potential material effects of the ASUs related to revenues, leases and credit losses on financial instruments. As a result of the November meeting, the ASU conforms Accounting Standards Codification (“ASC”) 323 to the guidance issued in ASU 2014-01 related to investments in qualified affordable housing projects. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. With the adoption, the Company provided updates on its implementation of the ASUs related to revenue, leases and credit losses on financial instruments. Please refer to sections below for updates on the implementation of revenue and lease ASUs. The ASU related to credit losses on financial instruments could have a material impact on trade receivables and the Company is currently assessing the impact of this ASU on its consolidated financial statements and notes to the consolidated financial statements. ASU 2016-19, Technical Corrections and Improvements The technical corrections make minor change to certain aspects of the FASB ASC, including changes to resolve differences between current and pre-Codification guidance, updates to wording, references to avoid misapplication and textual simplifications to increase the Codification’s utility and understandability and minor amendments to guidance that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) This guidance requires entities to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. The Company early adopted this guidance during the second quarter of 2017 and applied it retrospectively. Pursuant to the adoption, the Company revised the Consolidated Statement of Cash Flows and disclosed the reconciliation to the related captions in the Consolidated Balance Sheets in Note 19. ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control This guidance outlines how a single decisionmaker of a VIE should treat indirect interests held through other related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The Company adopted this guidance during the first quarter of 2017 and applied it retrospectively. The adoption did not have a material impact on the Company’s consolidated financial statements and did not change the consolidation conclusion. ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments This ASU clarifies how certain transactions should be classified in the statement of cash flows, including debt prepayment costs, contingent consideration payments made after a business combination and distributions received from equity method investments. The ASU provides two approaches to determine the classification of cash distributions received from equity method investments: (i) the “cumulative earnings” approach, under which distributions up to the amount of cumulative equity in earnings recognized will be classified as cash inflows from operating activities, and those in excess of that amount will be classified as cash inflows from investing activities and (ii) the “nature of the distribution” approach, under which distributions will be classified based on the nature of the underlying activity that generated cash distributions. The guidance requires a Company to elect either the “cumulative earnings” approach or the “nature of the distribution” approach at the time of adoption. The Company early adopted this guidance during the second quarter of 2017 and applied it retrospectively. Pursuant to the adoption, the Company elected the “nature of the distribution” approach related to the distributions received from its equity method investments. The adoption did not have an impact on the Company’s Consolidated Statements of Cash Flows. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323), Simplifying the Transition to the Equity Method of Accounting The guidance eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for use of the equity method. The guidance also requires an investor that has an available-for-sale security that subsequently qualifies for the equity method to recognize in net income the unrealized holding gains or losses in accumulated other comprehensive income related to that security when it begins applying the equity method. It is required to apply this guidance prospectively. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. ASU 2016-05, Derivatives and Hedging (Topic 815), Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The guidance states that the novation of a derivative contract (e.g., a change in the counterparty) in a hedge accounting relationship does not, in and of itself, require de-designation of that hedge accounting relationship. The hedge accounting relationship could continue uninterrupted if all of the other hedge accounting criteria are met, including the expectation that the hedge will be highly effective when the creditworthiness of the new counterparty to the derivative contract is considered. Either a prospective or a modified retrospective approach can be applied. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. Update on ASC 606, Revenue from Contracts with Customers (“ASC 606”), implementation On May 28, 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This guidance outlines a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and specifically notes that lease contracts with customers are a scope exception. FASB has subsequently issued other ASUs to amend and provide further guidance related to ASC 606. These ASUs are effective for annual reporting periods (including interim periods) beginning after December 15, 2017. Either the full retrospective basis (to the beginning of its contracts) or modified retrospective method (from the beginning of the latest fiscal year of adoption) is permitted. The Company has formed an implementation team, completed training of the new standards with the implementation team and begun review and documentation. Additionally, the Company has developed a project plan and is in the process of refining the project plan. The Company has preliminarily identified three revenue streams. Two of these revenue streams will be accounted for under ASC 606 when it becomes effective on January 1, 2018. The remaining one revenue stream integral to the Company’s leasing revenues will be accounted for under ASC 606, effective with the adoption of ASC 842 on January 1, 2019. The Company plans on adopting ASC 606 on January 1, 2018 using the modified retrospective approach. Update on ASC 842, Leases (“ASC 842”), implementation On February 25, 2016, the FASB issued ASU 2016-02 to amend the accounting guidance for leases. Under this guidance, lessor can capitalize only those costs that are defined as initial direct costs. The Company anticipates that indirect leasing costs will be expensed as incurred. For lessee accounting, this guidance requires all lessees to record a lease liability at lease inception, with a corresponding right-of-use asset, except for short-term leases. ASC 842 also provides practical expedients that allow entities to not (i) reassess whether any expired or existing contracts are or contain leases; (ii) reassess the lease classification for any expired or existing leases; (iii) reassess initial direct costs for any existing leases. This ASU is effective for annual reporting periods (including interim periods) beginning after December 15, 2018. It is required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period presented in the consolidated financial statements. The Company has formed an implementation team, completed training of the new standards with the implementation team and begun review and documentation. As a lessor, the Company will expense indirect leasing costs as incurred under the new guidance. During the three and six months ended June 30, 2017 , the Company capitalized $1.7 million and $3.2 million of indirect leasing costs, respectively. The Company continues to evaluate the amounts of right-of-use asset and lease liability that will need to be recorded with respect to its ground leases where it is the lessee. As of June 30, 2017 , the future undiscounted minimum lease payments under the Company’s ground leases totaled $458.2 million . The Company plans on adopting the standard on January 1, 2019 and expects to adopt using the practical expedience elections. Other recently issued ASUs The Company considers the applicability and impact of all ASUs. The following table lists the recently issued ASUs that have not been disclosed in the Company ’s 2016 Annual Report on Form 10-K and have not been adopted by the Company. The list excludes those ASUs that are not expected to have a material impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting The guidance clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. It is required to apply this guidance prospectively. Effective for annual reporting periods (including interim periods) beginning after December 15, 2017 The Company does not currently expect a material impact of this ASU on its consolidated financial statements and notes to the consolidated financial statements. The Company plans to adopt this guidance during the first quarter in 2018. ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets The guidance updates the definition of an in substance nonfinancial asset and clarifies the scope of ASC 610-20 on the sale or transfer of nonfinancial assets to noncustomers, including partial sales. It also clarifies the derecognition guidance for nonfinancial assets to conform with the new revenue recognition standard. Either a full or modified retrospective approach can be applied. Effective for annual reporting periods (including interim periods) beginning after December 15, 2017 The Company currently expects that the adoption of this ASU could have a material impact on its consolidated financial statements; however, such impact will not be known until the Company disposes of any of its investments in real estate properties, which would all be sales of nonfinancial assets. The Company plans to adopt this guidance during the first quarter in 2018 and apply it using the modified retrospective approach.

Organization (Tables)

Organization (Tables)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Portfolio of properties	The Company’s portfolio consists of properties located throughout Northern and Southern California and the Pacific Northwest. The following table summarizes our portfolio as of June 30, 2017 : Number of Properties Square Feet (unaudited) Office properties: Northern California (1) 29 9,595,286 Southern California (2) 16 2,817,509 Pacific Northwest (3) 7 1,490,613 Total Office properties 52 13,903,408 Media & Entertainment properties: Southern California (2) 3 1,256,577 Total Media & Entertainment properties 3 1,256,577 Total 55 15,159,985 _________________ (1) Includes the San Francisco, Redwood Shores, Palo Alto, Milpitas, North San Jose, San Mateo, Foster City and Santa Clara submarkets. (2) Includes the Burbank, Hollywood, Torrance, West Los Angeles and Downtown Los Angeles submarkets. (3) Includes the Lynnwood, South Lake Union and Pioneer Square submarkets. The following table summarizes the properties sold during the six months ended June 30, 2017 . These properties were non-strategic assets to the Company’s portfolio: Property Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) 222 Kearny Street February 14, 2017 148,797 $ 51.8 3402 Pico Boulevard March 21, 2017 50,687 35.0 Total dispositions 199,484 $ 86.8 _________________ (1) Represents gross sales price before certain credits, prorations and closing costs.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements	The following ASUs were adopted by the Company in 2017: Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment This guidance removes step two from the goodwill impairment test. As a result, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Company early adopted this guidance during the second quarter of 2017 and applied it prospectively. The adoption did not have an impact on the Company’s consolidated financial statements. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings (SEC Update) The guidance in this ASU is based on two SEC staff announcements made at the September 2016 and November 2016 EITF meetings. In the September meeting, the SEC announced that a registrant should disclose the potential material effects of the ASUs related to revenues, leases and credit losses on financial instruments. As a result of the November meeting, the ASU conforms Accounting Standards Codification (“ASC”) 323 to the guidance issued in ASU 2014-01 related to investments in qualified affordable housing projects. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. With the adoption, the Company provided updates on its implementation of the ASUs related to revenue, leases and credit losses on financial instruments. Please refer to sections below for updates on the implementation of revenue and lease ASUs. The ASU related to credit losses on financial instruments could have a material impact on trade receivables and the Company is currently assessing the impact of this ASU on its consolidated financial statements and notes to the consolidated financial statements. ASU 2016-19, Technical Corrections and Improvements The technical corrections make minor change to certain aspects of the FASB ASC, including changes to resolve differences between current and pre-Codification guidance, updates to wording, references to avoid misapplication and textual simplifications to increase the Codification’s utility and understandability and minor amendments to guidance that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) This guidance requires entities to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. The Company early adopted this guidance during the second quarter of 2017 and applied it retrospectively. Pursuant to the adoption, the Company revised the Consolidated Statement of Cash Flows and disclosed the reconciliation to the related captions in the Consolidated Balance Sheets in Note 19. ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control This guidance outlines how a single decisionmaker of a VIE should treat indirect interests held through other related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The Company adopted this guidance during the first quarter of 2017 and applied it retrospectively. The adoption did not have a material impact on the Company’s consolidated financial statements and did not change the consolidation conclusion. ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments This ASU clarifies how certain transactions should be classified in the statement of cash flows, including debt prepayment costs, contingent consideration payments made after a business combination and distributions received from equity method investments. The ASU provides two approaches to determine the classification of cash distributions received from equity method investments: (i) the “cumulative earnings” approach, under which distributions up to the amount of cumulative equity in earnings recognized will be classified as cash inflows from operating activities, and those in excess of that amount will be classified as cash inflows from investing activities and (ii) the “nature of the distribution” approach, under which distributions will be classified based on the nature of the underlying activity that generated cash distributions. The guidance requires a Company to elect either the “cumulative earnings” approach or the “nature of the distribution” approach at the time of adoption. The Company early adopted this guidance during the second quarter of 2017 and applied it retrospectively. Pursuant to the adoption, the Company elected the “nature of the distribution” approach related to the distributions received from its equity method investments. The adoption did not have an impact on the Company’s Consolidated Statements of Cash Flows. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323), Simplifying the Transition to the Equity Method of Accounting The guidance eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for use of the equity method. The guidance also requires an investor that has an available-for-sale security that subsequently qualifies for the equity method to recognize in net income the unrealized holding gains or losses in accumulated other comprehensive income related to that security when it begins applying the equity method. It is required to apply this guidance prospectively. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. ASU 2016-05, Derivatives and Hedging (Topic 815), Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The guidance states that the novation of a derivative contract (e.g., a change in the counterparty) in a hedge accounting relationship does not, in and of itself, require de-designation of that hedge accounting relationship. The hedge accounting relationship could continue uninterrupted if all of the other hedge accounting criteria are met, including the expectation that the hedge will be highly effective when the creditworthiness of the new counterparty to the derivative contract is considered. Either a prospective or a modified retrospective approach can be applied. The Company adopted this guidance during the first quarter of 2017 and applied it prospectively. The adoption did not have a material impact on the Company’s consolidated financial statements. The following table lists the recently issued ASUs that have not been disclosed in the Company ’s 2016 Annual Report on Form 10-K and have not been adopted by the Company. The list excludes those ASUs that are not expected to have a material impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on the Financial Statements or Other Significant Matters ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting The guidance clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. It is required to apply this guidance prospectively. Effective for annual reporting periods (including interim periods) beginning after December 15, 2017 The Company does not currently expect a material impact of this ASU on its consolidated financial statements and notes to the consolidated financial statements. The Company plans to adopt this guidance during the first quarter in 2018. ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets The guidance updates the definition of an in substance nonfinancial asset and clarifies the scope of ASC 610-20 on the sale or transfer of nonfinancial assets to noncustomers, including partial sales. It also clarifies the derecognition guidance for nonfinancial assets to conform with the new revenue recognition standard. Either a full or modified retrospective approach can be applied. Effective for annual reporting periods (including interim periods) beginning after December 15, 2017 The Company currently expects that the adoption of this ASU could have a material impact on its consolidated financial statements; however, such impact will not be known until the Company disposes of any of its investments in real estate properties, which would all be sales of nonfinancial assets. The Company plans to adopt this guidance during the first quarter in 2018 and apply it using the modified retrospective approach.

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	6 Months Ended
	Jun. 30, 2017
Real Estate [Abstract]
Schedule of acquisitions competed during the period	The following table summarizes the information on the acquisitions completed during the six months ended June 30, 2017 : Property Submarket Segment Date of Acquisition Square Feet (unaudited) Purchase Price (1) (in millions) Sunset Las Palmas Studios (2) Hollywood Media and Entertainment 5/1/2017 369,000 $ 200.0 11601 Wilshire land (3) West Los Angeles Office 6/15/2017 N/A 50.0 6666 Santa Monica (4) Hollywood Media and Entertainment 6/29/2017 4,150 3.2 Total acquisitions 373,150 $ 253.2 _____________ (1) Represents purchase price before certain credits, prorations and closing costs. (2) The property consists of stages, production office and support space on 15 acres near Sunset Gower Studios and Sunset Bronson Studios. The purchase price above does not include equipment purchased by the Company for $2.8 million , which purchase was transacted separately from the studio acquisition. In April 2017, the Company drew $150.0 million under the unsecured revolving credit facility to fund the acquisition. (3) On July 1, 2016 the Company purchased a partial interest in land held as a tenancy in common in conjunction with its acquisition of the 11601 Wilshire property. The land interest held as a tenancy in common was accounted for as an equity method investment. On June 15, 2017, the Company purchased the remaining interest which was re-measured and allocated to land and building. (4) This parcel is adjacent to the Sunset Las Palmas Studios property.
Schedule of final aggregate purchase price allocation	The following table represents the Company’s final aggregate purchase price accounting, as of the respective acquisition dates, for each of the Company’s acquisitions completed in the six months ended June 30, 2017: Sunset Las Palmas Studios (1) 11601 Wilshire land 6666 Santa Monica Total Investment in real estate, net $ 202,723 $ 50,034 $ 3,091 $ 255,848 Deferred leasing costs and in-place lease intangibles (2) 1,741 — 145 1,886 Total asset assumed $ 204,464 $ 50,034 $ 3,236 $ 257,734 _____________ (1) The purchase price allocation includes equipment purchased by the Company of $2.8 million . (2) Represents weighted-average amortization period of 1.21 years.
Schedule of properties sold	The Company’s portfolio consists of properties located throughout Northern and Southern California and the Pacific Northwest. The following table summarizes our portfolio as of June 30, 2017 : Number of Properties Square Feet (unaudited) Office properties: Northern California (1) 29 9,595,286 Southern California (2) 16 2,817,509 Pacific Northwest (3) 7 1,490,613 Total Office properties 52 13,903,408 Media & Entertainment properties: Southern California (2) 3 1,256,577 Total Media & Entertainment properties 3 1,256,577 Total 55 15,159,985 _________________ (1) Includes the San Francisco, Redwood Shores, Palo Alto, Milpitas, North San Jose, San Mateo, Foster City and Santa Clara submarkets. (2) Includes the Burbank, Hollywood, Torrance, West Los Angeles and Downtown Los Angeles submarkets. (3) Includes the Lynnwood, South Lake Union and Pioneer Square submarkets. The following table summarizes the properties sold during the six months ended June 30, 2017 . These properties were non-strategic assets to the Company’s portfolio: Property Date of Disposition Square Feet (unaudited) Sales Price (1) (in millions) 222 Kearny Street February 14, 2017 148,797 $ 51.8 3402 Pico Boulevard March 21, 2017 50,687 35.0 Total dispositions 199,484 $ 86.8 _________________ (1) Represents gross sales price before certain credits, prorations and closing costs.

Deferred Leasing Costs and Le32

Deferred Leasing Costs and Lease Intangibles, net (Tables)	6 Months Ended
	Jun. 30, 2017
Leases [Abstract]
Schedule of deferred leasing cost and lease intangibles	The following summarizes the Company’s deferred leasing costs and lease intangibles as of: June 30, 2017 December 31, 2016 Above-market leases $ 21,881 $ 23,430 Accumulated amortization (14,706 ) (12,989 ) Above-market leases, net 7,175 10,441 Deferred leasing costs and in-place lease intangibles 371,813 378,540 Accumulated amortization (161,756 ) (145,551 ) Deferred leasing costs and in-place lease intangibles, net 210,057 232,989 Below-market ground leases 71,210 71,423 Accumulated amortization (6,170 ) (4,891 ) Below-market ground leases, net 65,040 66,532 Deferred leasing costs and lease intangible assets, net $ 282,272 $ 309,962 Below-market leases $ 134,472 $ 141,676 Accumulated amortization (69,018 ) (62,552 ) Below-market leases, net 65,454 79,124 Above-market ground leases 1,095 1,095 Accumulated amortization (111 ) (89 ) Above-market ground leases, net 984 1,006 Lease intangible liabilities, net $ 66,438 $ 80,130
Schedule of amortization during period	The Company recognized the following amortization related to deferred leasing costs and lease intangibles: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Above-market leases (1) $ 1,911 $ 3,695 $ 3,267 $ 7,414 Below-market leases (1) 6,584 8,146 13,672 16,716 Deferred leasing costs and in-place lease intangibles (2) 20,644 22,098 40,437 44,666 Above-market ground leases (3) 11 11 22 22 Below-market ground leases (3) 844 546 1,492 1,092 __________________ (1) Amortization is recorded in revenues in the Consolidated Statements of Operations. (2) Amortization is recorded in depreciation and amortization expense and office rental revenues in the Consolidated Statements of Operations. (3) Amortization is recorded in office operating expenses in the Consolidated Statements of Operations.

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of accounts receivable, net	The following table summarizes the Company’s accounts receivable, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Accounts receivable $ 5,857 $ 8,697 Allowance for doubtful accounts (1,769 ) (1,845 ) Accounts receivable, net $ 4,088 $ 6,852 The following table represents the Company’s straight-line rent receivables, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Straight-line rent receivables $ 93,210 $ 87,417 Allowance for doubtful accounts (117 ) (136 ) Straight-line rent receivables, net $ 93,093 $ 87,281

Straight-line Rent Receivable34

Straight-line Rent Receivables, net (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of straight-line rent receivables, net	The following table summarizes the Company’s accounts receivable, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Accounts receivable $ 5,857 $ 8,697 Allowance for doubtful accounts (1,769 ) (1,845 ) Accounts receivable, net $ 4,088 $ 6,852 The following table represents the Company’s straight-line rent receivables, net of allowance for doubtful accounts as of: June 30, 2017 December 31, 2016 Straight-line rent receivables $ 93,210 $ 87,417 Allowance for doubtful accounts (117 ) (136 ) Straight-line rent receivables, net $ 93,093 $ 87,281

Notes Payable, net (Tables)

Notes Payable, net (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt instruments	The following table summarizes the balances of the Company’s indebtedness as of: June 30, 2017 December 31, 2016 Notes payable $ 2,616,568 $ 2,707,839 Deferred financing costs, net (1) (17,788 ) (19,829 ) Notes payable, net $ 2,598,780 $ 2,688,010 ________________ (1) Excludes deferred financing costs related to establishing the Company’s unsecured revolving credit facility of $1.2 million and $1.5 million as of June 30, 2017 and December 31, 2016 , respectively, which are included in prepaid expenses and other assets, net in the Consolidated Balance Sheets. The following table sets forth information with respect to the amounts included in notes payable, net as of: June 30, 2017 December 31, 2016 Principal Amount Deferred Financing Costs, net Principal Amount Deferred Financing Costs, net Interest Rate (1) Contractual Maturity Date UNSECURED LOANS Unsecured Revolving Credit Facility (2) $ 210,000 $ — $ 300,000 $ — LIBOR+ 1.15% to 1.85% 4/1/2019 (3) 5-Year Term Loan due April 2020 (2)(4) 450,000 (2,972 ) 450,000 (3,513 ) LIBOR+ 1.30% to 2.20% 4/1/2020 5-Year Term Loan due November 2020 (2) 175,000 (650 ) 175,000 (745 ) LIBOR +1.30% to 2.20% 11/17/2020 7-Year Term Loan due April 2022 (2)(5) 350,000 (2,049 ) 350,000 (2,265 ) LIBOR+ 1.60% to 2.55% 4/1/2022 7-Year Term Loan due November 2022 (2)(6) 125,000 (852 ) 125,000 (931 ) LIBOR +1.60% to 2.55% 11/17/2022 Series A Notes 110,000 (852 ) 110,000 (930 ) 4.34% 1/2/2023 Series E Notes 50,000 (277 ) 50,000 (300 ) 3.66% 9/15/2023 Series B Notes 259,000 (2,144 ) 259,000 (2,271 ) 4.69% 12/16/2025 Series D Notes 150,000 (851 ) 150,000 (898 ) 3.98% 7/6/2026 Series C Notes 56,000 (515 ) 56,000 (539 ) 4.79% 12/16/2027 TOTAL UNSECURED LOANS 1,935,000 (11,162 ) 2,025,000 (12,392 ) MORTGAGE LOANS Mortgage Loan secured by Rincon Center (7) 99,392 (119 ) 100,409 (198 ) 5.13% 5/1/2018 Mortgage Loan secured by Sunset Gower Studios/Sunset Bronson Studios 5,001 (1,180 ) 5,001 (1,534 ) LIBOR+2.25% 3/4/2019 (3) Mortgage Loan secured by Met Park North (8) 64,500 (342 ) 64,500 (398 ) LIBOR+1.55% 8/1/2020 Mortgage Loan secured by 10950 Washington (7) 27,675 (320 ) 27,929 (354 ) 5.32% 3/11/2022 Mortgage Loan secured by Pinnacle I (9)(10) 129,000 (542 ) 129,000 (593 ) 3.95% 11/7/2022 Mortgage Loan secured by Element LA 168,000 (2,190 ) 168,000 (2,321 ) 4.59% 11/6/2025 Mortgage Loan secured by Pinnacle II (10) 87,000 (682 ) 87,000 (720 ) 4.30% 6/11/2026 Mortgage Loan secured by Hill7 (11) 101,000 (1,251 ) 101,000 (1,319 ) 3.38% 11/6/2026 TOTAL MORTGAGE LOANS 681,568 (6,626 ) 682,839 (7,437 ) TOTAL $ 2,616,568 $ (17,788 ) $ 2,707,839 $ (19,829 ) _________________ (1) Interest rate with respect to indebtedness is calculated on the basis of a 360 -day year for the actual days elapsed. Interest rates are as of June 30, 2017 , which may be different than the interest rates as of December 31, 2016 for corresponding indebtedness. (2) The Company has the option to make an irrevocable election to change the interest rate depending on the Company’s credit rating. As of June 30, 2017 , no such election had been made. (3) The maturity date may be extended once for an additional one -year term. (4) Effective July 2016, $300.0 million of the term loan has been effectively fixed at 2.75% to 3.65% per annum through the use of two interest rate swaps. See Note 10 for details. (5) Effective July 2016, the outstanding balance of the term loan has been effectively fixed at 3.36% to 4.31% per annum through the use of two interest rate swaps. See Note 10 for details. (6) Effective June 1, 2016, the outstanding balance of the term loan has been effectively fixed at 3.03% to 3.98% per annum through the use of an interest rate swap. See Note 10 for details. (7) Monthly debt service includes annual debt amortization payments based on a 30 -year amortization schedule with a balloon payment at maturity. (8) This loan bears interest only. Interest on the full loan amount has been effectively fixed at 3.71% per annum through the use of an interest rate swap. See Note 10 for details. (9) This loan bears interest only for the first five years. Beginning with the payment due December 6, 2017, monthly debt service will include annual debt amortization payments based on a 30 -year amortization schedule with a balloon payment at maturity. (10) The Company owns 65% of the ownership interests in the consolidated joint venture that owns the Pinnacle I and II properties. The full amount of the loan is shown. (11) The Company owns 55% of the ownership interest in the consolidated joint venture that owns the Hill7 property. The full amount of the loan is shown. The maturity date of this loan can be extended for an additional two years at a higher interest rate and with principal amortization.
Schedule of maturities of long-term debt	The following table summarizes the minimum future principal payments due (before the impact of extension options, if applicable) on the operating partnership’s secured and unsecured notes payable as of June 30, 2017 : Year Annual Principal Payments Remaining 2017 $ 1,443 2018 101,157 2019 217,886 2020 692,493 2021 3,142 Thereafter 1,600,447 Total $ 2,616,568
Summary of balance and key terms of the unsecured revolving credit facility	The following table summarizes the balance and key terms of the unsecured revolving credit facility as of: June 30, 2017 December 31, 2016 Outstanding borrowings $ 210,000 $ 300,000 Remaining borrowing capacity 190,000 100,000 Total borrowing capacity $ 400,000 $ 400,000 Interest rate (1) LIBOR+ 1.15% to 1.85% Facility fee-annual rate (1) 0.20% or 0.35% Contractual maturity date (2) 4/1/2019 _________________ (1) The rate is based on the operating partnership’s leverage ratio. (2) The maturity date may be extended once for an additional one -year term
Summary of existing covenants and their covenant levels	The following table summarizes existing covenants and their covenant levels, when considering the most restrictive terms: Covenant Ratio Covenant Level Leverage ratio maximum of 0.60:1.00 Unencumbered leverage ratio maximum of 0.60:1.00 Fixed charge coverage ratio minimum of 1.50:1.00 Secured indebtedness leverage ratio maximum of 0.45:1.00 Unsecured interest coverage ratio minimum of 2.00:1.00
Schedule of interest costs incurred	The following table represents a reconciliation from the gross interest expense to the amount of the interest expense line item in the Consolidated Statements of Operations: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Gross interest expense (1) $ 23,047 $ 19,179 $ 46,238 $ 38,185 Capitalized interest (2,539 ) (2,828 ) (4,986 ) (5,454 ) Amortization of deferred financing costs and loan premium, net 1,187 1,263 2,373 2,134 Interest expense $ 21,695 $ 17,614 $ 43,625 $ 34,865 _________________ (1) Includes interest on the Company’s notes payable and hedging activities.

Future Minimum Lease Payments (

Future Minimum Lease Payments (Tables)	6 Months Ended
	Jun. 30, 2017
Future Minimum Lease Payments [Abstract]
Schedule of acquired ground lease agreements	The following table summarizes the Company’s ground lease terms related to properties that are held subject to long-term noncancellable ground lease obligations: Property Expiration Date Notes 3400 Hillview 10/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent until October 31, 2017 is the lesser of 10% of Fair Market Value (“FMV”) of the land or $1.0 million grown at 75% of the cumulative increases in consumer price index (“CPI”) from October 1989. Thereafter, minimum annual rent is the lesser of 10% of FMV of the land or the minimum annual rent as calculated as of November 1, 2017 plus 75% of subsequent cumulative CPI changes. Percentage annual rent is gross income multiplied by 24.125%. This lease has been prepaid through October 31, 2017. 9300 Wilshire 8/14/2032 The ground rent is the greater of minimum annual rent or percentage annual rent. Percentage annual rent is gross income multiplied by 6%. Clocktower Square 9/26/2056 The ground rent is minimum annual rent (adjusted every 10 years) plus 25% of adjusted gross income (“AGI”) less minimum annual rent. Del Amo Office 6/30/2049 Rent under the ground sublease is $1.00 per year, with the sublessee being responsible for all impositions, insurance premiums, operating charges, maintenance charges, construction costs and other charges, costs and expenses that arise or may be contemplated under any provisions of the ground sublease. Foothill Research Center 6/30/2039 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is gross income multiplied by 24.125%. Lockheed 7/31/2040 The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is Lockheed’s base rent multiplied by 24.125%. Metro Center 4/29/2054 Every 10 years rent adjusts to 7.233% of FMV of the land (since 2008) and adjusts to reflect the change in CPI from the preceding FMV adjustment date (since 2013). Page Mill Center 11/30/2041 The ground rent is minimum annual rent (adjusted on 1/1/2019 and 1/1/2029) plus 25% of AGI, less minimum annual rent. Page Mill Hill 11/17/2049 The ground rent is minimum annual rent (adjusted every 10 years) plus 60% of the average of the percentage annual rent for the previous 7 lease years. Palo Alto Square 11/30/2045 The ground rent is minimum annual rent (adjusted every 10 years starting 1/1/2022) plus 25% of AGI less minimum annual rent. Sunset Gower Studios 3/31/2060 Every 7 years rent adjusts to 7.5% of FMV of the land. Techmart Commerce Center 5/31/2053 Subject to a 10% increase every 5 years.
Schedule of rent expense	Contingent rental expense is recorded in the period in which the contingent event becomes probable. The Company recognized rent for ground leases and a corporate office lease as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Contingent rental expense $ 1,650 $ 2,110 $ 3,834 $ 4,447 Minimum rental expense 3,055 3,497 6,251 6,994
Schedule of future minimum lease payments	The following table provides information regarding the Company’s future minimum lease payments for its ground leases (before the impact of extension options, if applicable) as of June 30, 2017 : Year Ground Leases (1) Remaining 2017 $ 6,385 2018 14,063 2019 14,113 2020 14,113 2021 14,113 Thereafter 395,386 Total $ 458,173 _________________ (1) In situations where ground lease obligation adjustments are based on third-party appraisals of fair market land value, CPI adjustments and/or percentage of gross income that exceeds the minimum annual rent, the future minimum lease amounts above include the lease rental obligations in effect as of June 30, 2017 .

Fair Value of Financial Instr37

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of estimated fair value of derivatives measured by level of fair value hierarchy	The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of: June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivative assets $ — $ 5,858 $ — $ 5,858 $ — $ 5,935 $ — $ 5,935 Derivative liabilities — 987 — 987 — 1,303 — 1,303
Schedule of carrying value and fair value of notes payable	The table below represents the carrying value and fair value of the Company’s notes payable as of: June 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Unsecured notes payable (1) $ 1,935,000 $ 1,921,880 $ 2,025,000 $ 2,011,210 Secured notes payable (1) 681,568 669,651 682,839 669,924 _________________ (1) Amounts represent notes payable excluding net deferred financing costs.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of fair value assumptions	The per unit fair value of 2017 OPP award granted was estimated on the date of grant using the following assumptions in the Monte Carlo valuation: Assumption Expected price volatility for the Company 24.00% Expected price volatility for the particular REIT index 17.00% Risk-free rate 1.47% Dividend yield 2.30%
Schedule of classification and amount recognized for stock-based compensation	The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards: Three Months Ended June 30, Six Months Ended June 30, Consolidated Financial Statement Classification 2017 2016 2017 2016 Expensed stock compensation $ 3,886 $ 3,301 $ 7,788 $ 6,643 General and administrative expenses Capitalized stock compensation 219 106 418 188 Deferred leasing costs and lease intangibles, net and tenant improvements Total stock compensation $ 4,105 $ 3,407 $ 8,206 $ 6,831 Additional paid-in capital and non-controlling interest—units in the operating partnership

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of earnings per share	The following table reconciles the numerator and denominator in computing Hudson Pacific Properties, Inc.’s basic and diluted earnings per share for net income available to common stockholders: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net income $ 6,954 $ 4,035 $ 31,107 $ 10,011 Income attributable to preferred units (159 ) (159 ) (318 ) (318 ) Income attributable to participating securities (255 ) (196 ) (495 ) (393 ) Income attributable to non-controlling interest in consolidated entities (2,974 ) (2,396 ) (6,011 ) (4,341 ) Income attributable to non-controlling units of the operating partnership (13 ) (445 ) (215 ) (1,867 ) Basic and diluted net income available to common stockholders $ 3,553 $ 839 $ 24,068 $ 3,092 Denominator: Basic weighted average common shares outstanding 155,290,559 95,145,496 151,640,853 92,168,432 Effect of dilutive instruments (1) 805,044 850,000 791,044 832,000 Diluted weighted average common shares outstanding 156,095,603 95,995,496 152,431,897 93,000,432 Basic earnings per common share $ 0.02 $ 0.01 $ 0.16 $ 0.03 Diluted earnings per common share $ 0.02 $ 0.01 $ 0.16 $ 0.03 ________________ (1) The Company includes unvested awards and convertible common units as contingently issuable shares in the computation of diluted earnings per share once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation. The following table reconciles the numerator and denominator in computing Hudson Pacific Properties, L.P.’s basic and diluted earnings per unit for net income available to common unitholders: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net income $ 6,954 $ 4,035 $ 31,107 $ 10,011 Income attributable to preferred units (159 ) (159 ) (318 ) (318 ) Income attributable to participating securities (255 ) (196 ) (495 ) (393 ) Income attributable to non-controlling interest in consolidated entities (2,974 ) (2,396 ) (6,011 ) (4,341 ) Basic and diluted net income available to common unitholders $ 3,566 $ 1,284 $ 24,283 $ 4,959 Denominator: Basic weighted average common units outstanding 155,859,604 145,549,363 152,647,055 145,518,523 Effect of dilutive instruments (1) 805,044 850,000 791,045 832,000 Diluted weighted average common units outstanding 156,664,648 146,399,363 153,438,100 146,350,523 Basic earnings per common unit $ 0.02 $ 0.01 $ 0.16 $ 0.03 Diluted earnings per common unit $ 0.02 $ 0.01 $ 0.16 $ 0.03 ________________ (1) The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Comprehensive income (loss)	The table below presents the effect of the Company’s derivative instruments on accumulated other comprehensive income (“OCI”): Hudson Pacific Properties, Inc. Stockholders ’ Equity Non-controlling Interest—Units in the Operating Partnership Total Equity Balance at January 1, 2017 $ 9,496 $ (3,618 ) $ 5,878 Unrealized loss recognized in OCI due to change in fair value (2,833 ) (3 ) (2,836 ) Loss reclassified from OCI into income (as interest expense) 2,919 21 2,940 Net change in OCI related to derivative instruments 86 18 104 Reclassification related to redemption of common units in the operating partnership (3,622 ) 3,622 — Balance at June 30, 2017 $ 5,960 $ 22 $ 5,982
Schedule of ownership of common units including unvested restricted units	The following table summarizes the ownership of common units, excluding unvested restricted units as of: June 30, 2017 December 31, 2016 Company-owned common units in the operating partnership 155,301,850 136,492,235 Company’s ownership interest percentage 99.6 % 93.5 % Non-controlling common units in the operating partnership (1) 569,045 9,450,620 Non-controlling ownership interest percentage (1) 0.4 % 6.5 % _________________ (1) Represents common units held by certain of the Company’s executive officers and directors, certain of their affiliates and other outside investors.

Cash Flow Reconciliation (Table

Cash Flow Reconciliation (Tables)	6 Months Ended
	Jun. 30, 2017
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: Six Months Ended June 30, 2017 2016 Beginning of period: Cash and cash equivalents $ 83,015 $ 53,551 Restricted cash 25,177 18,010 Total $ 108,192 $ 71,561 End of period: Cash and cash equivalents $ 73,242 $ 337,400 Restricted cash 17,284 19,166 Total $ 90,526 $ 356,566
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash at the beginning and end of the periods presented: Six Months Ended June 30, 2017 2016 Beginning of period: Cash and cash equivalents $ 83,015 $ 53,551 Restricted cash 25,177 18,010 Total $ 108,192 $ 71,561 End of period: Cash and cash equivalents $ 73,242 $ 337,400 Restricted cash 17,284 19,166 Total $ 90,526 $ 356,566

Organization (Details)

Organization (Details) $ in Millions	Apr. 01, 2015USD ($)ft²projectpropertyshares	Jun. 30, 2017ft²property
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		15,159,985
Number of real estate properties (in properties) | property		55
Office
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		13,903,408
Number of real estate properties (in properties) | property		52
Office | Northern California
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		9,595,286
Number of real estate properties (in properties) | property		29
Office | Southern California
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		2,817,509
Number of real estate properties (in properties) | property		16
Office | Pacific Northwest
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		1,490,613
Number of real estate properties (in properties) | property		7
Media and Entertainment Properties
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		1,256,577
Number of real estate properties (in properties) | property		3
Media and Entertainment Properties | Southern California
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²		1,256,577
Number of real estate properties (in properties) | property		3
EOP Northern California Portfolio
Business Acquisition [Line Items]
Area of real estate property (in square feet) | ft²	8,200,000
Gross payments to acquire business | $	$ 1,750
Consideration transferred, common units (in shares) | shares	63,474,791
EOP Northern California Portfolio | Office Building
Business Acquisition [Line Items]
Number of real estate properties acquired (in properties) | property	26
EOP Northern California Portfolio | Development Parcel
Business Acquisition [Line Items]
Number of development projects acquired (in projects) | project	2

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)revenue_streamjoint_venture	Dec. 31, 2016joint_venture
Variable Interest Entity [Line Items]
Number of joint ventures consolidated (in joint ventures) | joint_venture		4
Number of revenue streams identified | revenue_stream		3
Number of revenue streams with a change in accounting principle effective January 1, 2018 | revenue_stream		2
Number of revenue streams with a change in accounting principle effective January 1, 2019 | revenue_stream		1
Indirect leasing costs capitalized during period | $	$ 1,700	$ 3,200
Ground Lease
Variable Interest Entity [Line Items]
Future undiscounted minimum lease payments on ground leases | $	$ 458,173	$ 458,173
Primary Beneficiary
Variable Interest Entity [Line Items]
Number of joint ventures consolidated (in joint ventures) | joint_venture		3
Not Primary Beneficiary
Variable Interest Entity [Line Items]
Number of joint ventures consolidated (in joint ventures) | joint_venture		1	1

Investment in Real Estate - Sum

Investment in Real Estate - Summary of Properties Acquired (Details) $ in Thousands	Jun. 29, 2017USD ($)ft²	Jun. 15, 2017USD ($)	May 01, 2017USD ($)ft²a	Apr. 30, 2017USD ($)	Jun. 30, 2017USD ($)ft²
Real Estate [Line Items]
Area of real estate acquired (in square feet or acres) | ft²					373,150
Purchase Price					$ 253,200
Investment in real estate, net					255,848
Deferred leasing costs and in-place lease intangible assets					1,886
Total asset assumed					$ 257,734
Area of real estate property (in acres) | ft²					15,159,985
Deferred leasing costs and in-place lease intangibles
Real Estate [Line Items]
Weighted average amortization period (in years)					1 year 2 months 15 days
Sunset Las Palmas Studios
Real Estate [Line Items]
Investment in real estate, net			$ 202,723
Deferred leasing costs and in-place lease intangible assets			1,741
Total asset assumed			204,464
Equipment purchased, not included in studio acquisition			$ 2,800
Sunset Las Palmas Studios | Revolving Credit Facility
Real Estate [Line Items]
Proceeds from unsecured revolving credit facility				$ 150,000
11601 Wilshire
Real Estate [Line Items]
Investment in real estate, net		$ 50,034
Deferred leasing costs and in-place lease intangible assets		0
Total asset assumed		50,034
6666 Santa Monica
Real Estate [Line Items]
Investment in real estate, net	$ 3,091
Deferred leasing costs and in-place lease intangible assets	145
Total asset assumed	$ 3,236
Media & Entertainment
Real Estate [Line Items]
Area of real estate property (in acres) | ft²					1,256,577
Media & Entertainment | Sunset Las Palmas Studios
Real Estate [Line Items]
Area of real estate acquired (in square feet or acres) | ft²			369,000
Purchase Price			$ 200,000
Area of real estate property (in acres) | a			15
Media & Entertainment | 6666 Santa Monica
Real Estate [Line Items]
Area of real estate acquired (in square feet or acres) | ft²	4,150
Purchase Price	$ 3,200
Office
Real Estate [Line Items]
Area of real estate property (in acres) | ft²					13,903,408
Office | 11601 Wilshire
Real Estate [Line Items]
Purchase Price		$ 50,000

Investment in Real Estate - S45

Investment in Real Estate - Summary of Property Sold (Details)	Mar. 21, 2017USD ($)ft²	Feb. 14, 2017USD ($)ft²	Jun. 30, 2017USD ($)property	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)ft²property	Jun. 30, 2016USD ($)	Dec. 31, 2016property
Real Estate [Line Items]
Area of real estate property (in square feet) | ft²					199,484
Sales Price					$ 86,800,000
Gains on sale of real estate			$ 0	$ 2,163,000	$ 16,866,000	$ 8,515,000
Number of properties held for sale (in properties) | property			0		0		2
Long-lived asset impairment charges					$ 0
222 Kearny Street
Real Estate [Line Items]
Area of real estate property (in square feet) | ft²		148,797
Sales Price		$ 51,800,000
3402 Pico Boulevard
Real Estate [Line Items]
Area of real estate property (in square feet) | ft²	50,687
Sales Price	$ 35,000,000

Deferred Leasing Costs and Le46

Deferred Leasing Costs and Lease Intangibles, net - Schedule of Finite-Lived Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles, net	$ 282,272		$ 282,272		$ 309,962
Other Liabilities, Unclassified [Abstract]
Below and above market ground leases, net	66,438		66,438		80,130
Amortization of above- and below-market leases, net			(10,405)	$ (9,302)
Below Market Leases
Other Liabilities, Unclassified [Abstract]
Below and above market ground leases	134,472		134,472		141,676
Below and above market ground leases, accumulated amortization	(69,018)		(69,018)		(62,552)
Below and above market ground leases, net	65,454		65,454		79,124
Amortization of above- and below-market leases, net	6,584	$ 8,146	13,672	16,716
Above Market Ground Leases
Other Liabilities, Unclassified [Abstract]
Below and above market ground leases	1,095		1,095		1,095
Below and above market ground leases, accumulated amortization	(111)		(111)		(89)
Below and above market ground leases, net	984		984		1,006
Amortization of above- and below-market leases, net	11	11	22	22
Above-market leases
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	21,881		21,881		23,430
Accumulated amortization	(14,706)		(14,706)		(12,989)
Deferred leasing costs and lease intangibles, net	7,175		7,175		10,441
Other Liabilities, Unclassified [Abstract]
Amortization of above- and below-market leases, net	1,911	3,695	3,267	7,414
Deferred leasing costs and in-place lease intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	371,813		371,813		378,540
Accumulated amortization	(161,756)		(161,756)		(145,551)
Deferred leasing costs and lease intangibles, net	210,057		210,057		232,989
Other Liabilities, Unclassified [Abstract]
Amortization of above- and below-market leases, net	20,644	22,098	40,437	44,666
Below-market ground leases
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	71,210		71,210		71,423
Accumulated amortization	(6,170)		(6,170)		(4,891)
Deferred leasing costs and lease intangibles, net	65,040		65,040		$ 66,532
Other Liabilities, Unclassified [Abstract]
Amortization of above- and below-market leases, net	$ 844	$ 546	$ 1,492	$ 1,092

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Accounts receivable	$ 5,857	$ 8,697
Allowance for doubtful accounts	(1,769)	(1,845)
Accounts receivable, net	$ 4,088	$ 6,852

Straight-line Rent Receivable48

Straight-line Rent Receivables, net (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Straight-line rent receivables	$ 93,210	$ 87,417
Valuation Allowances and Reserves, Balance	117	136
Straight-line rent receivables, net	$ 93,093	$ 87,281

Investment in Unconsolidated 49

Investment in Unconsolidated Entities (Details) - USD ($) $ in Thousands	Jun. 15, 2017	Jun. 13, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Jul. 01, 2016	Jun. 16, 2016
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities			$ 15,377		$ 37,228
Return of capital from joint venture			14,893	$ 0
Purchase Price			253,200
11601 Wilshire Boulevard Office Building
Schedule of Equity Method Investments [Line Items]
Real estate property, ownership (as a percent)						28.00%
Investment in unconsolidated entities					7,800
11601 Wilshire Boulevard Office Building | Office
Schedule of Equity Method Investments [Line Items]
Purchase Price	$ 50,000
Santa Clara, CA Joint Venture
Schedule of Equity Method Investments [Line Items]
Real estate property, ownership (as a percent)							21.00%
Investment in unconsolidated entities			$ 15,400		$ 29,400
Return of capital from joint venture		$ 14,900

Goodwill (Details)

Goodwill (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 8,754,000	$ 8,754,000
Goodwill impairment during period	$ 0

Notes Payable, net - Summary of

Notes Payable, net - Summary of Notes Payable (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Notes payable	$ 2,616,568	$ 2,707,839
Deferred financing costs, net	(17,788)	(19,829)
Notes payable, net	2,598,780	2,688,010
Prepaid expenses and other assets, net
Short-term Debt [Line Items]
Deferred financing costs	$ 1,200	$ 1,500

Notes Payable, net - Summary 52

Notes Payable, net - Summary of Outstanding Indebtedness (Details) - USD ($) $ in Thousands	May 03, 2016	Jul. 31, 2013	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Principal Amount			$ 2,616,568	$ 2,707,839
Deferred Financing Costs, net			$ (17,788)	(19,829)
Met Park North
Debt Instrument [Line Items]
Principal Amount		$ 64,500
Debt instrument, term (in years)		7 years
Met Park North | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.55%
Pinnacle I
Debt Instrument [Line Items]
Debt instrument, term (in years)			5 years
Unsecured Debt
Debt Instrument [Line Items]
Principal Amount			$ 1,935,000	2,025,000
Deferred Financing Costs, net			(11,162)	(12,392)
Unsecured Debt | Revolving Credit Facility 2014
Debt Instrument [Line Items]
Principal Amount			210,000	300,000
Deferred Financing Costs, net			$ 0	0
Unsecured Debt | Revolving Credit Facility 2014 | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.15%
Unsecured Debt | Revolving Credit Facility 2014 | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.85%
Unsecured Debt | 5-Year Term Loan due April 2020
Debt Instrument [Line Items]
Principal Amount			$ 450,000	450,000
Deferred Financing Costs, net			$ (2,972)	(3,513)
Debt instrument, term (in years)			5 years
Unsecured Debt | 5-Year Term Loan due April 2020 | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.30%
Unsecured Debt | 5-Year Term Loan due April 2020 | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.20%
Unsecured Debt | 5-Year Term Loan due November 2020
Debt Instrument [Line Items]
Principal Amount			$ 175,000	175,000
Deferred Financing Costs, net			$ (650)	(745)
Debt instrument, term (in years)			5 years
Unsecured Debt | 5-Year Term Loan due November 2020 | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.30%
Unsecured Debt | 5-Year Term Loan due November 2020 | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.20%
Unsecured Debt | 7-Year Term Loan due April 2022
Debt Instrument [Line Items]
Principal Amount			$ 350,000	350,000
Deferred Financing Costs, net			$ (2,049)	(2,265)
Debt instrument, term (in years)			7 years
Unsecured Debt | 7-Year Term Loan due April 2022 | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.60%
Unsecured Debt | 7-Year Term Loan due April 2022 | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.55%
Unsecured Debt | 7-Year Term Loan due November 2022
Debt Instrument [Line Items]
Principal Amount			$ 125,000	125,000
Deferred Financing Costs, net			$ (852)	(931)
Debt instrument, term (in years)	7 years		7 years
Unsecured Debt | 7-Year Term Loan due November 2022 | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.60%
Unsecured Debt | 7-Year Term Loan due November 2022 | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.55%
Unsecured Debt | Series A Notes
Debt Instrument [Line Items]
Principal Amount			$ 110,000	110,000
Deferred Financing Costs, net			$ (852)	(930)
Interest Rate (as a percent)			4.34%
Unsecured Debt | Series E Notes
Debt Instrument [Line Items]
Principal Amount			$ 50,000	50,000
Deferred Financing Costs, net			$ (277)	(300)
Interest Rate (as a percent)			3.66%
Unsecured Debt | Series B Notes
Debt Instrument [Line Items]
Principal Amount			$ 259,000	259,000
Deferred Financing Costs, net			$ (2,144)	(2,271)
Interest Rate (as a percent)			4.69%
Unsecured Debt | Series D Notes
Debt Instrument [Line Items]
Principal Amount			$ 150,000	150,000
Deferred Financing Costs, net			$ (851)	(898)
Interest Rate (as a percent)			3.98%
Unsecured Debt | Series C Notes
Debt Instrument [Line Items]
Principal Amount			$ 56,000	56,000
Deferred Financing Costs, net			$ (515)	(539)
Interest Rate (as a percent)			4.79%
Secured Debt
Debt Instrument [Line Items]
Principal Amount			$ 681,568	682,839
Deferred Financing Costs, net			(6,626)	(7,437)
Secured Debt | Rincon Center
Debt Instrument [Line Items]
Principal Amount			99,392	100,409
Deferred Financing Costs, net			$ (119)	(198)
Interest Rate (as a percent)			5.13%
Secured Debt | Sunset Gower/Sunset Bronson
Debt Instrument [Line Items]
Principal Amount			$ 5,001	5,001
Deferred Financing Costs, net			$ (1,180)	(1,534)
Secured Debt | Sunset Gower/Sunset Bronson | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.25%
Secured Debt | Met Park North
Debt Instrument [Line Items]
Principal Amount			$ 64,500	64,500
Deferred Financing Costs, net			$ (342)	(398)
Secured Debt | Met Park North | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.55%
Secured Debt | 10950 Washington
Debt Instrument [Line Items]
Principal Amount			$ 27,675	27,929
Deferred Financing Costs, net			$ (320)	(354)
Interest Rate (as a percent)			5.32%
Secured Debt | Pinnacle I
Debt Instrument [Line Items]
Principal Amount			$ 129,000	129,000
Deferred Financing Costs, net			$ (542)	(593)
Interest Rate (as a percent)			3.95%
Secured Debt | Element LA
Debt Instrument [Line Items]
Principal Amount			$ 168,000	168,000
Deferred Financing Costs, net			$ (2,190)	(2,321)
Interest Rate (as a percent)			4.59%
Secured Debt | Pinnacle II
Debt Instrument [Line Items]
Principal Amount			$ 87,000	87,000
Deferred Financing Costs, net			$ (682)	(720)
Interest Rate (as a percent)			4.30%
Secured Debt | Hill7
Debt Instrument [Line Items]
Principal Amount			$ 101,000	101,000
Deferred Financing Costs, net			$ (1,251)	$ (1,319)
Interest Rate (as a percent)			3.38%

Notes Payable, net - Narrative

Notes Payable, net - Narrative (Details)	May 03, 2016USD ($)	Apr. 01, 2015USD ($)derivative	Jul. 31, 2013USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 31, 2016USD ($)derivative	Jun. 01, 2016	May 01, 2015
Debt Instrument [Line Items]
Duration used in interest rate calculation (in days)				360 days
Notes payable				$ 2,616,568,000	$ 2,707,839,000
Joint Venture That Owns Pinnacle I and II
Debt Instrument [Line Items]
Real estate property, ownership (as a percent)				65.00%
Joint Venture With The Canadian Pension Plan Investment Board
Debt Instrument [Line Items]
Debt instrument, extension period (in years)				2 years
Real estate property, ownership (as a percent)				55.00%
Interest Rate Contract
Debt Instrument [Line Items]
Notional amount		$ 300,000,000				$ 300,000,000
Number of derivative instruments held (in derivatives) | derivative		2				2
7-Year Term Loan due November 2022 | Interest Rate Contract
Debt Instrument [Line Items]
Notional amount	$ 125,000,000
Rincon Center And 10950 Washington
Debt Instrument [Line Items]
Service payment term (in years)				30 years
Met Park North
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)				3.71%
Debt instrument, term (in years)			7 years
Notes payable			$ 64,500,000
Pinnacle I
Debt Instrument [Line Items]
Service payment term (in years)				30 years
Debt instrument, term (in years)				5 years
Sunset Gower/Sunset Bronson
Debt Instrument [Line Items]
Principal amount guaranteed (as a percent)				19.50%
Maximum exposure for guarantee				$ 1,000,000
Unsecured Debt
Debt Instrument [Line Items]
Notes payable				$ 1,935,000,000	2,025,000,000
Unsecured Debt | Revolving Credit Facility 2014
Debt Instrument [Line Items]
Debt instrument, extension period (in years)				1 year
Notes payable				$ 210,000,000	300,000,000
Unsecured Debt | 5 Year Term Loan Facility 2015
Debt Instrument [Line Items]
Debt instrument, term (in years)		5 years
Unsecured Debt | 5 Year Term Loan Facility 2015 | Minimum
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)						2.75%		2.66%
Unsecured Debt | 5 Year Term Loan Facility 2015 | Maximum
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)						3.65%		3.56%
Unsecured Debt | 7 Year Term Loan Facility 2015
Debt Instrument [Line Items]
Number of derivative instruments held (in derivatives) | derivative						2
Debt instrument, term (in years)		7 years
Unsecured Debt | 7 Year Term Loan Facility 2015 | Minimum
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)						3.36%		3.21%
Unsecured Debt | 7 Year Term Loan Facility 2015 | Maximum
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)						4.31%		4.16%
Unsecured Debt | 7-Year Term Loan due November 2022
Debt Instrument [Line Items]
Debt instrument, term (in years)	7 years			7 years
Notes payable				$ 125,000,000	125,000,000
Unsecured Debt | 7-Year Term Loan due November 2022 | Minimum
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)							3.03%
Unsecured Debt | 7-Year Term Loan due November 2022 | Maximum
Debt Instrument [Line Items]
Adjusted interest rate (as a percent)							3.98%
Secured Debt
Debt Instrument [Line Items]
Notes payable				681,568,000	682,839,000
Secured Debt | Met Park North
Debt Instrument [Line Items]
Notes payable				64,500,000	64,500,000
Secured Debt | Pinnacle I
Debt Instrument [Line Items]
Notes payable				129,000,000	129,000,000
Secured Debt | Sunset Gower/Sunset Bronson
Debt Instrument [Line Items]
Notes payable				5,001,000	5,001,000
Secured Debt | Rincon Center
Debt Instrument [Line Items]
Notes payable				$ 99,392,000	$ 100,409,000

Notes Payable, net - Schedule o

Notes Payable, net - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Remaining 2,017	$ 1,443
2,018	101,157
2,019	217,886
2,020	692,493
2,021	3,142
Thereafter	1,600,447
Total	$ 2,616,568	$ 2,707,839

Notes Payable, net - Unsecured

Notes Payable, net - Unsecured Revolving Credit Facility (Details) - USD ($)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Principal Amount	$ 2,616,568,000	$ 2,707,839,000
Unsecured Debt
Line of Credit Facility [Line Items]
Principal Amount	1,935,000,000	2,025,000,000
Revolving Credit Facility 2014 | Unsecured Debt
Line of Credit Facility [Line Items]
Principal Amount	210,000,000	300,000,000
Remaining borrowing capacity	190,000,000	100,000,000
Total borrowing capacity	$ 400,000,000	$ 400,000,000
Debt instrument, extension period (in years)	1 year
Revolving Credit Facility 2014 | Unsecured Debt | Minimum
Line of Credit Facility [Line Items]
Facility fee-annual rate (as a percent)	0.20%
Revolving Credit Facility 2014 | Unsecured Debt | Maximum
Line of Credit Facility [Line Items]
Facility fee-annual rate (as a percent)	0.35%
Revolving Credit Facility 2014 | Unsecured Debt | LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.15%
Revolving Credit Facility 2014 | Unsecured Debt | LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.85%

Notes Payable, net - Covenant S

Notes Payable, net - Covenant Summaries (Details) - Hudson Pacific Partners L.P.	6 Months Ended
	Jun. 30, 2017
Debt Instrument [Line Items]
Leverage ratio	0.6
Unencumbered leverage ratio	0.6
Fixed charge coverage ratio	1.5
Secured indebtedness leverage ratio	0.45
Unsecured interest coverage ratio	2

Notes Payable, net - Interest E

Notes Payable, net - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Debt Disclosure [Abstract]
Gross interest expense	$ 23,047	$ 19,179	$ 46,238	$ 38,185
Capitalized interest	(2,539)	(2,828)	(4,986)	(5,454)
Amortization of deferred financing costs and loan premium, net	1,187	1,263	2,373	2,134
Interest Expense	$ 21,695	$ 17,614	$ 43,625	$ 34,865

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details)	May 03, 2016USD ($)	Apr. 01, 2015USD ($)derivative	Jul. 31, 2013USD ($)	Jun. 30, 2017USD ($)derivative	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)derivative	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)derivative	Jul. 31, 2016USD ($)derivative	Jun. 01, 2016	May 01, 2015
Derivative
Notes payable				$ 2,616,568,000		$ 2,616,568,000		$ 2,707,839,000
Derivative assets				5,858,000		5,858,000		5,935,000
Derivative liabilities				987,000		987,000		1,303,000
Cash flow hedge adjustment						1,900,000
Level 2
Derivative
Derivative assets				5,858,000		5,858,000		5,935,000
Derivative liabilities				987,000		987,000		1,303,000
Unsecured Debt
Derivative
Notes payable				1,935,000,000		$ 1,935,000,000		2,025,000,000
5 Year Term Loan Facility 2015 | Unsecured Debt
Derivative
Debt instrument, term (in years)		5 years
5 Year Term Loan Facility 2015 | Unsecured Debt | Minimum
Derivative
Adjusted interest rate (as a percent)									2.75%		2.66%
5 Year Term Loan Facility 2015 | Unsecured Debt | Maximum
Derivative
Adjusted interest rate (as a percent)									3.65%		3.56%
New Credit Agreement - Term Loan | Unsecured Debt | LIBOR | Minimum
Derivative
Basis spread on variable rate (as a percent)		1.30%
New Credit Agreement - Term Loan | Unsecured Debt | LIBOR | Maximum
Derivative
Basis spread on variable rate (as a percent)		2.20%
7 Year Term Loan Facility 2015 | Unsecured Debt
Derivative
Number of derivative instruments held (in derivatives) | derivative									2
Debt instrument, term (in years)		7 years
Face amount		$ 350,000,000
7 Year Term Loan Facility 2015 | Unsecured Debt | Minimum
Derivative
Adjusted interest rate (as a percent)									3.36%		3.21%
7 Year Term Loan Facility 2015 | Unsecured Debt | Maximum
Derivative
Adjusted interest rate (as a percent)									4.31%		4.16%
7-Year Term Loan due November 2022 | Unsecured Debt
Derivative
Debt instrument, term (in years)	7 years					7 years
Notes payable				$ 125,000,000		$ 125,000,000		$ 125,000,000
7-Year Term Loan due November 2022 | Unsecured Debt | Minimum
Derivative
Adjusted interest rate (as a percent)										3.03%
7-Year Term Loan due November 2022 | Unsecured Debt | Maximum
Derivative
Adjusted interest rate (as a percent)										3.98%
7-Year Term Loan due November 2022 | Unsecured Debt | LIBOR | Minimum
Derivative
Basis spread on variable rate (as a percent)						1.60%
7-Year Term Loan due November 2022 | Unsecured Debt | LIBOR | Maximum
Derivative
Basis spread on variable rate (as a percent)						2.55%
Met Park North
Derivative
Debt instrument, term (in years)			7 years
Adjusted interest rate (as a percent)				3.71%		3.71%
Notes payable			$ 64,500,000
Met Park North | LIBOR
Derivative
Basis spread on variable rate (as a percent)			1.55%
Interest Rate Contract
Derivative
Number of derivative instruments held (in derivatives) | derivative		2							2
Notional amount		$ 300,000,000							$ 300,000,000
Interest Rate Contract | 5 Year Term Loan Facility 2015
Derivative
Fixed interest rate (as a percent)											1.36%
Interest Rate Contract | 7 Year Term Loan Facility 2015
Derivative
Fixed interest rate (as a percent)											1.61%
Unrealized gain (loss) on derivative, ineffective portion				$ 51,000	$ 400,000	$ 45,000	$ 2,500,000
Interest Rate Contract | 7-Year Term Loan due November 2022
Derivative
Notional amount	$ 125,000,000
Fixed interest rate (as a percent)	1.43%
Interest Rate Contract | Met Park North | LIBOR
Derivative
Interest rate cap (as a percent)			2.16%
Interest Rate Contract, Instrument A | 5 Year Term Loan Facility 2015
Derivative
Notional amount of interest rate cash flow hedge derivatives		$ 150,000,000
Interest Rate Swap | 7 Year Term Loan Facility 2015 | Unsecured Debt
Derivative
Number of derivative instruments held (in derivatives) | derivative		2
Interest Rate Floor | 7-Year Term Loan due November 2022 | LIBOR
Derivative
Derivative, interest rate floor (as a percent)	0.00%
Designated as Hedging Instrument | LIBOR
Derivative
Derivative, interest rate floor (as a percent)									0.00%
Designated as Hedging Instrument | Interest Rate Cap
Derivative
Number of derivative instruments held (in derivatives) | derivative				6		6		6
Notional amount of interest rate cash flow hedge derivatives				$ 839,500,000		$ 839,500,000		$ 839,500,000

Future Minimum Lease Payments -

Future Minimum Lease Payments - Schedule of Ground Leases (Details) - Ground Lease	6 Months Ended
	Jun. 30, 2017USD ($)
3400 Hillview
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of fair market value (as a percent)	10.00%
Percentage annual rent calculation, percent of AGI less minimum annual rent (as a percent)	24.125%
Minimum annual rent calculation, percent of CPI, next five years (as a percent)	75.00%
Minimum annual rent calculation, percent of CPI, thereafter (as a percent)	75.00%
Minimum annual rent calculation, cumulative increases in consumer price index	$ 1,000,000
9300 Wilshire
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of increase (as a percent)	6.00%
Clocktower Square
Operating Leased Assets [Line Items]
Frequency of rent adjustments (in years)	10 years
Percentage annual rent calculation, percent of AGI less minimum annual rent (as a percent)	25.00%
Del Amo Office
Operating Leased Assets [Line Items]
Lease rent expense	$ 1
Foothill Research Center
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of fair market value (as a percent)	10.00%
Percentage annual rent calculation, percent of AGI less minimum annual rent (as a percent)	24.125%
Minimum annual rent calculation, percent of CPI (as a percent)	75.00%
Lockheed
Operating Leased Assets [Line Items]
Minimum annual rent calculation, percent of fair market value (as a percent)	10.00%
Percentage annual rent calculation, percent of AGI less minimum annual rent (as a percent)	24.125%
Minimum annual rent calculation, percent of CPI (as a percent)	75.00%
Metro Center
Operating Leased Assets [Line Items]
Frequency of rent adjustments (in years)	10 years
Minimum annual rent calculation, percent of fair market value (as a percent)	7.233%
Page Mill Center
Operating Leased Assets [Line Items]
Percentage annual rent calculation, percent of AGI less minimum annual rent (as a percent)	25.00%
Page Mill Hill
Operating Leased Assets [Line Items]
Frequency of rent adjustments (in years)	10 years
Minimum annual rent calculation, percent of annual rent (as a percent)	60.00%
Palo Alto Square
Operating Leased Assets [Line Items]
Frequency of rent adjustments (in years)	10 years
Percentage annual rent calculation, percent of AGI less minimum annual rent (as a percent)	25.00%
Sunset Gower Studios
Operating Leased Assets [Line Items]
Frequency of rent adjustments (in years)	7 years
Minimum annual rent calculation, percent of fair market value (as a percent)	7.50%
Techmart Commerce Center
Operating Leased Assets [Line Items]
Frequency of rent adjustments (in years)	5 years
Minimum annual rent calculation, percent of increase (as a percent)	10.00%

Future Minimum Lease Payments60

Future Minimum Lease Payments - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Future Minimum Lease Payments [Abstract]
Contingent rental expense	$ 1,650	$ 2,110	$ 3,834	$ 4,447
Minimum rental expense	3,055	$ 3,497	6,251	$ 6,994
Ground Lease
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Remaining 2,017	6,385		6,385
2,018	14,063		14,063
2,019	14,113		14,113
2,020	14,113		14,113
2,021	14,113		14,113
Thereafter	395,386		395,386
Total	$ 458,173		$ 458,173

Fair Value of Financial Instr61

Fair Value of Financial Instruments - Fair Value, Recurring and Nonrecurring (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	$ 5,858	$ 5,935
Derivative liabilities	987	1,303
Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Notes payable	1,921,880	2,011,210
Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Notes payable	669,651	669,924
Carrying Value | Unsecured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Notes payable	1,935,000	2,025,000
Carrying Value | Secured Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Notes payable	681,568	682,839
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0	0
Derivative liabilities	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	5,858	5,935
Derivative liabilities	987	1,303
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets	0	0
Derivative liabilities	$ 0	$ 0

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage after initial performance period (in years)				50.00%
Risk-free rate (as a percent)				1.47%
Dividend yield (as a percent)				2.30%
The Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate (as a percent)				24.00%
SNL Equity REIT Index
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate (as a percent)				17.00%
Existing and Newly Elected Board Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				3 years
Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				3 years
Employees | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	4 years
One-Time Retention Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights (as a percent)	25.00%			25.00%
Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum bonus pool		$ 20,000,000		$ 20,000,000
Mandatory holding period (in years)				2 years
Outperformance Program | Additional paid-in capital and non-controlling interest—units in the operating partnership
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		4,105,000	$ 3,407,000	$ 8,206,000	$ 6,831,000
Outperformance Program | General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		3,886,000	3,301,000	7,788,000	6,643,000
Outperformance Program | Deferred leasing costs and lease intangibles, net and tenant improvements
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 219,000	$ 106,000	$ 418,000	$ 188,000
Outperformance Program | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)				2 years
Outperformance Plan Prior To 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period (in years)				3 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator:
Net income	$ 6,954	$ 4,035	$ 31,107	$ 10,011
Net income attributable to preferred units	(159)	(159)	(318)	(318)
Net income attributable to participating securities	(255)	(196)	(495)	(393)
Net income attributable to non-controlling interest in consolidated entities	(2,974)	(2,396)	(6,011)	(4,341)
Income attributable to non-controlling units of the operating partnership	(13)	(445)	(215)	(1,867)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P.	$ 3,553	$ 839	$ 24,068	$ 3,092
Denominator:
Basic weighted average common shares outstanding (in shares)	155,290,559	95,145,496	151,640,853	92,168,432
Effect of dilutive instruments (in shares)	805,044	850,000	791,044	832,000
Diluted weighted average common shares outstanding (in shares)	156,095,603	95,995,496	152,431,897	93,000,432
Basic earnings per common share (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Diluted earnings per common share (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Hudson Pacific Partners L.P.
Numerator:
Net income	$ 6,954	$ 4,035	$ 31,107	$ 10,011
Net income attributable to preferred units	(159)	(159)	(318)	(318)
Net income attributable to participating securities	(255)	(196)	(495)	(393)
Net income attributable to non-controlling interest in consolidated entities	(2,974)	(2,396)	(6,011)	(4,341)
Net income attributable to Hudson Pacific Properties, Inc. common stockholders or Hudson Pacific Properties, L.P.	$ 3,566	$ 1,284	$ 24,283	$ 4,959
Denominator:
Basic weighted average common units outstanding (in shares)	155,859,604	145,549,363	152,647,055	145,518,523
Effect of dilutive instruments (in shares)	805,044	850,000	791,045	832,000
Diluted weighted average common units outstanding (in shares)	156,664,648	146,399,363	153,438,100	146,350,523
Basic earnings per common share (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03
Diluted earnings per common share (in dollars per share)	$ 0.02	$ 0.01	$ 0.16	$ 0.03

Equity - Schedule of Other Comp

Equity - Schedule of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			$ 3,702,750	$ 3,729,037	$ 3,729,037
Comprehensive income (loss)	$ 4,194	$ (4,395)	31,211	$ (13,894)
Reclassification related to redemption of common units in the operating partnership			(310,855)		(1,446,039)
Ending Balance	3,984,416		3,984,416		3,702,750
Total Equity
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			5,878
Unrealized loss recognized in OCI due to change in fair value			(2,836)
Loss reclassified from OCI into income (as interest expense)			2,940
Comprehensive income (loss)			104
Reclassification related to redemption of common units in the operating partnership			0
Ending Balance	5,982		5,982		5,878
Hudson Pacific Properties, Inc. Stockholders’ Equity
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			9,496
Unrealized loss recognized in OCI due to change in fair value			(2,833)
Loss reclassified from OCI into income (as interest expense)			2,919
Comprehensive income (loss)			86
Ending Balance	5,960		5,960		9,496
Non-controlling Interest—Units in the Operating Partnership
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance			(3,618)
Unrealized loss recognized in OCI due to change in fair value			(3)
Loss reclassified from OCI into income (as interest expense)			21
Comprehensive income (loss)			18
Reclassification related to redemption of common units in the operating partnership			3,622
Ending Balance	$ 22		$ 22		$ (3,618)

Equity - Narrative (Details)

Equity - Narrative (Details)	Mar. 03, 2017USD ($)shares	Jan. 10, 2017USD ($)shares	Oct. 31, 2016USD ($)	Jan. 31, 2015USD ($)	Jun. 30, 2017ft²building$ / sharesshares	Jun. 30, 2016$ / shares	Jun. 30, 2017USD ($)ft²building$ / sharesshares	Jun. 30, 2016USD ($)$ / shares	Dec. 31, 2016shares	Jan. 20, 2016USD ($)	Jun. 30, 2013	May 31, 2013
Class of Stock [Line Items]
Company-owned common units in the operating partnership (in shares) | shares					155,301,850		155,301,850		136,492,235
Company's ownership interest percentage (as a percent)					99.60%		99.60%		93.50%
Non-controlling ownership interest percentage (as a percent)					0.40%		0.40%		6.50%
Shares issued during period (in shares) | shares		18,673,808
Area of real estate property (in square feet) | ft²					15,159,985		15,159,985
Proceeds from issuance of common stock, net							$ 647,509,000	$ 293,628,000
Stock repurchase program authorized										$ 100,000,000
Common dividends declared (in usd per share) | $ / shares					$ 0.250	$ 0.2	$ 0.500	$ 0.4
At-the-Market
Class of Stock [Line Items]
Maximum shares authorized, value							$ 125,000,000
Proceeds from issuance of common stock, net							$ 20,100,000
Unsecured Debt | Revolving Credit Facility 2014
Class of Stock [Line Items]
Unsecured revolving credit facility outstanding	$ 255,000,000
6.25% series A cumulative redeemable preferred units of the Operating Partnership
Class of Stock [Line Items]
Interest rate of preferred stock (as a percent)							6.25%
Shares outstanding of preferred stock (in shares) | shares					407,066		407,066
Liquidation preference of preferred stock (dollars per share) | $ / shares					$ 25		$ 25
Preferred dividends declared (dollars per share) | $ / shares					$ 0.3906
Hill7 Office Development
Class of Stock [Line Items]
Real estate property, ownership (as a percent)					55.00%		55.00%
Pinnacle JV
Class of Stock [Line Items]
Number of buildings in property (in buildings) | building					2		2
Area of real estate property (in square feet) | ft²					625,640		625,640
Ownership interest in property (as a percent)											65.00%	98.25%
Canada Pension Plan Investment Board
Class of Stock [Line Items]
Ownership interest in property (as a percent)				45.00%
Hill7 Office Development
Class of Stock [Line Items]
Total consideration			$ 179,800,000
Performance units
Class of Stock [Line Items]
Conversion ratio							1
Hudson Pacific Properties, Inc.
Class of Stock [Line Items]
Shares issued during period (in shares) | shares	9,775,000	8,881,575
Proceeds from issuance of common stock, net		$ 310,900,000
Canada Pension Plan Investment Board | 1455 Market Street
Class of Stock [Line Items]
Ownership interest in property (as a percent)					55.00%		55.00%
Total consideration				$ 219,200,000
Common Stock/Units
Class of Stock [Line Items]
Non-controlling common units in the operating partnership (in shares) | shares					569,045		569,045		9,450,620
Partnership Interest
Class of Stock [Line Items]
Company-owned common units in the operating partnership (in shares) | shares					155,301,850		155,301,850		136,492,235

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Thousands	Mar. 03, 2017shares	Jan. 10, 2017USD ($)shares	Jul. 01, 2016USD ($)ft²	Dec. 16, 2015ft²	Apr. 01, 2015USD ($)ft²projectpropertydirectorshares	Jun. 30, 2017USD ($)ft²	Jun. 30, 2016USD ($)	Sep. 01, 2015ft²
Related Party Transaction [Line Items]
Area of real estate property (in square feet) | ft²						15,159,985
Shares issued during period (in shares) | shares		18,673,808
Proceeds from issuance of common stock, net						$ 647,509	$ 293,628
Common units redeemed (in shares) | shares		8,881,575
Blackstone Real Estate Partners
Related Party Transaction [Line Items]
Number of director nominees to the board (in directors) | director					3
Hudson Pacific Properties, Inc.
Related Party Transaction [Line Items]
Shares issued during period (in shares) | shares	9,775,000	8,881,575
Proceeds from issuance of common stock, net		$ 310,900
Blackstone And Farallon Funds
Related Party Transaction [Line Items]
Shares issued during period (in shares) | shares		9,792,233
Proceeds from issuance of common stock, net		$ 342,700
EOP Northern California Portfolio
Related Party Transaction [Line Items]
Area of real estate property (in square feet) | ft²					8,200,000
Gross payments to acquire business					$ 1,750,000
Consideration transferred, common units (in shares) | shares					63,474,791
EOP Northern California Portfolio | Office Building
Related Party Transaction [Line Items]
Number of real estate properties acquired (in properties) | property					26
EOP Northern California Portfolio | Development Parcel
Related Party Transaction [Line Items]
Number of development projects acquired (in projects) | project					2
11601 Wilshire Boulevard Office Building
Related Party Transaction [Line Items]
Operating leases, term of contract (in years)			8 years
Total consideration			$ 311,000
Area of leased property (in square feet) | ft²			6,638
Annual rent cost per year			$ 279
Blackstone Real Estate Partners
Related Party Transaction [Line Items]
Area of real estate property (in square feet) | ft²				42,371				40,120
Operating leases, renewal term (in years)				3 years
Operating leases, term of contract (in years)				10 years

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)tenant
Unsecured Debt | Revolving Credit Facility
Loss Contingencies
Letters of credit, amount outstanding | $	$ 2
Rentable Square Feet | Customer Concentration Risk
Loss Contingencies
Concentration risk (as a percent)	23.20%
Number of tenants (in tenants) | tenant	15
Rentable Square Feet | Customer Concentration Risk | Media And Entertainment Sector
Loss Contingencies
Concentration risk (as a percent)	17.20%
Rentable Square Feet | Customer Concentration Risk | Technology Sector
Loss Contingencies
Concentration risk (as a percent)	26.40%

Cash Flow Reconciliation (Detai

Cash Flow Reconciliation (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash provided by operating activities	$ 141,036	$ 108,867
Cash and cash equivalents	73,242	337,400	$ 83,015	$ 53,551
Restricted cash	17,284	19,166	25,177	18,010
Total	$ 90,526	356,566	$ 108,192	$ 71,561
Accounting Standards Update 2016-18
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash provided by operating activities		$ 1,200