Hudson Pacific Properties 10-K/A 14 Aug 15 2014 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2014	Feb. 25, 2015	Jun. 30, 2014
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-K
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		0
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0
Hudson Pacific Properties, Inc
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-K
Document Period End Date	Dec. 31, 2014
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		79,845,880
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1.4

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
REAL ESTATE ASSETS
Land	$ 620,805	$ 570,671
Building and improvements	1,284,602	1,199,242
Tenant improvements	116,317	99,625
Furniture and fixtures	13,721	14,383
Property under development	135,850	69,104
Total real estate held for investment	2,171,295	1,953,025
Accumulated depreciation and amortization	(134,657)	(108,411)
Investment in real estate, net	2,036,638	1,844,614
Cash and cash equivalents	17,753	30,356
Restricted cash	14,244	13,929
Accounts receivable, net	16,247	8,862
Notes receivable	28,268	0
Straight-line rent receivables	33,006	19,715
Deferred leasing costs and lease intangibles, net	102,023	108,402
Deferred finance costs, net	8,723	8,113
Interest rate contracts	3	192
Goodwill	8,754	8,754
Prepaid expenses and other assets	6,692	5,094
Assets associated with real estate held for sale	68,534	83,245
TOTAL ASSETS	2,340,885	2,131,276
LIABILITIES AND EQUITY
Notes payable	918,059	888,308
Accounts payable and accrued liabilities	36,844	26,118
Below-market leases, net	40,969	45,184
Security deposits	6,257	5,677
Prepaid rent	8,600	7,524
Interest rate contracts	1,750	0
Liabilities associated with real estate held for sale	43,214	45,124
TOTAL LIABILITIES	1,055,693	1,017,935
Hudson Pacific Properties, Inc. stockholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 authorized; 8.375% series B cumulative redeemable preferred stock, $25.00 liquidation preference, 5,800,000 shares outstanding at December 31, 2014 and 2013, respectively	145,000	145,000
Common stock, $0.01 par value, 490,000,000 authorized, 66,797,816 shares and 57,230,199 shares outstanding at December 31, 2014 and 2013, respectively	668	572
Additional paid-in capital	1,070,833	903,984
Accumulated other comprehensive deficit	(2,443)	(997)
Accumulated deficit	(34,884)	(45,113)
Total Hudson Pacific Properties, Inc. stockholders’ equity	1,179,174	1,003,446
TOTAL EQUITY	1,275,015	1,102,866
TOTAL LIABILITIES AND EQUITY	2,340,885	2,131,276
6.25% Series A Cumulative Redeemable Preferred Units of the Operating Partnership
LIABILITIES AND EQUITY
6.25% series A cumulative redeemable preferred units of the Operating Partnership	10,177	10,475
Non-controlling Interest—Members in Consolidated Entities
Hudson Pacific Properties, Inc. stockholders’ equity:
Non-controlling interest	42,990	45,683
Non-controlling Common Units in the Operating Partnership
Hudson Pacific Properties, Inc. stockholders’ equity:
Non-controlling interest	52,851	53,737
TOTAL EQUITY	52,851	53,737
Hudson Pacific Partners, L.P.
REAL ESTATE ASSETS
Land	620,805	570,671
Building and improvements	1,284,602	1,199,242
Tenant improvements	116,317	99,625
Furniture and fixtures	13,721	14,383
Property under development	135,850	69,104
Total real estate held for investment	2,171,295	1,953,025
Accumulated depreciation and amortization	(134,657)	(108,411)
Investment in real estate, net	2,036,638	1,844,614
Cash and cash equivalents	17,753	30,356
Restricted cash	14,244	13,929
Accounts receivable, net	16,247	8,862
Notes receivable	28,268	0
Straight-line rent receivables	33,006	19,715
Deferred leasing costs and lease intangibles, net	102,023	108,402
Deferred finance costs, net	8,723	8,113
Interest rate contracts	3	192
Goodwill	8,754	8,754
Prepaid expenses and other assets	6,692	5,094
Assets associated with real estate held for sale	68,534	83,245
TOTAL ASSETS	2,340,885	2,131,276
LIABILITIES AND EQUITY
Notes payable	918,059	888,308
Accounts payable and accrued liabilities	36,844	26,118
Below-market leases, net	40,969	45,184
Security deposits	6,257	5,677
Prepaid rent	8,600	7,524
Interest rate contracts	1,750	0
Liabilities associated with real estate held for sale	43,214	45,124
TOTAL LIABILITIES	1,055,693	1,017,935
Hudson Pacific Properties, Inc. stockholders’ equity:
TOTAL LIABILITIES AND EQUITY	2,340,885	2,131,276
8.375% series B cumulative redeemable preferred units, 5,800,000 units issued and outstanding at December 31, 2014 and 2013, respectively ($25.00 per unit liquidation preference,)	145,000	145,000
Common units, 69,180,379 and 59,612,762 issued and outstanding at December 31, 2014 and 2013, respectively	1,087,025	912,183
Total Hudson Pacific Properties, Inc. Capital	1,232,025	1,057,183
Non-controlling interest—members in Consolidated Entities	42,990	45,683
TOTAL CAPITAL	1,275,015	1,102,866
Hudson Pacific Partners, L.P. | 6.25% Series A Cumulative Redeemable Preferred Units of the Operating Partnership
LIABILITIES AND EQUITY
6.25% series A cumulative redeemable preferred units of the Operating Partnership	$ 10,177	$ 10,475

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Common Stock:
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	490,000,000	490,000,000
Common Stock, shares outstanding	66,797,816	57,230,199
Series A Cumulative Redeemable Preferred Units of the Operating Partnership
Temporary Equity, dividend rate percentage	6.25%	6.25%
Preferred Stock:
Series B Cumulative Redeemable Preferred Stock, Dividend Rate Percentage	6.25%
Series B Cumulative Redeemable Preferred Stock, Liquidation Preference Per Share	$ 25
Series B Preferred Stock
Preferred Stock:
Series B Cumulative Redeemable Preferred Stock, Par Value Per Share	$ 0.01	$ 0.01
Series B Cumulative Redeemable Preferred Stock, Shares Authorized	10,000,000	10,000,000
Series B Cumulative Redeemable Preferred Stock, Shares Outstanding	5,800,000	5,800,000
Series B Cumulative Redeemable Preferred Stock, Dividend Rate Percentage	8.375%	8.375%
Series B Cumulative Redeemable Preferred Stock, Liquidation Preference Per Share	$ 25	$ 25

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues
Total revenues	$ 253,415	$ 205,558	$ 160,461
Operating expenses
Operating expenses	104,269	87,583	74,939
General and administrative	28,253	19,952	16,497
Depreciation and amortization	72,216	70,063	54,758
Total operating expenses	204,738	177,598	146,194
Income from operations	48,677	27,960	14,267
Other expense (income)
Interest expense	25,932	25,470	19,071
Interest income	(30)	(272)	(306)
Acquisition-related expenses	4,641	1,446	1,051
Other income	(14)	(99)	(92)
Total other expense (income)	30,529	26,545	19,724
Income (loss) from continuing operations before gain on sale of real estate	18,148	1,415	(5,457)
Gain on sale of real estate	5,538	0	0
Income (loss) from continuing operations	23,686	1,415	(5,457)
(Loss) income from discontinued operations	(164)	1,571	451
Impairment loss from discontinued operations			0
Impairment loss from discontinued operations	0	(5,580)
Net (loss) income from discontinued operations	(164)	(4,009)	451
Net income (loss)	23,522	(2,594)	(5,006)
Net income attributable to preferred stock and units	(12,785)	(12,893)	(12,924)
Net income attributable to restricted shares	(274)	(300)	(295)
Net (income) loss attributable to non-controlling interest in consolidated entities	(149)	321	21
Net (income) loss attributable to common units in the Operating Partnership	(359)	633	1,014
Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders	$ 9,955	$ (14,833)	$ (17,190)
Net loss (income) from continuing operations attributable to common stockholders’ per share— basic and diluted	$ 0.15	$ (0.20)	$ (0.42)
Net (loss) income from discontinued operations per share— basic and diluted	0	(0.07)	0.01
Net income (loss) attributable to common stockholders’ per share—basic (in USD per share)	0.15	(0.27)	(0.41)
Net income (loss) attributable to common stockholders’ per share—diluted (in USD per share)	$ 0.15	$ (0.27)	$ (0.41)
Weighted average shares of common stock outstanding—basic (in shares)	65,792,447	55,182,647	41,640,691
Weighted average shares of common stock outstanding—diluted (in shares)	66,509,447	55,182,647	41,640,691
Net income (loss) from continuing operations attributable to common unitholders	$ 0.15	$ (0.20)	$ (0.42)
Net income (loss) income from discontinued operations	0	(0.07)	0.01
Net income (loss) attributable to common unitholders per unit—basic	0.15	(0.27)	(0.41)
Net income (loss) attributable to common unitholders per unit—diluted	$ 0.15	$ (0.27)	$ (0.41)
Weighted average shares of common units outstanding—basic	68,175,010	57,565,210	44,104,771
Weighted average shares of common units outstanding—diluted	68,721,339	57,565,210	44,104,771
Office
Revenues
Rental	$ 156,806	$ 124,839	$ 88,459
Tenant recoveries	34,509	25,870	22,029
Parking and other	22,471	14,732	9,840
Total revenues	213,786	165,441	120,328
Operating expenses
Operating expenses	78,372	63,434	50,599
Media & Entertainment
Revenues
Rental	22,138	23,003	23,598
Tenant recoveries	1,128	1,807	1,598
Other property-related revenue	15,751	15,072	14,733
Parking and other	612	235	204
Total revenues	39,629	40,117	40,133
Operating expenses
Operating expenses	25,897	24,149	24,340
Hudson Pacific Partners, L.P.
Revenues
Total revenues	253,415	205,558	160,461
Operating expenses
General and administrative	28,253	19,952	16,497
Depreciation and amortization	72,216	70,063	54,758
Total operating expenses	204,738	177,598	146,194
Income from operations	48,677	27,960	14,267
Other expense (income)
Interest expense	25,932	25,470	19,071
Interest income	(30)	(272)	(306)
Acquisition-related expenses	4,641	1,446	1,051
Other income	(14)	(99)	(92)
Total other expense (income)	30,529	26,545	19,724
Income (loss) from continuing operations before gain on sale of real estate	18,148	1,415	(5,457)
Gain on sale of real estate	5,538	0	0
Income (loss) from continuing operations	23,686	1,415	(5,457)
(Loss) income from discontinued operations	(164)	1,571	451
Impairment loss from discontinued operations	0	(5,580)	0
Impairment loss from discontinued operations	5,538
Net (loss) income from discontinued operations	(164)	(4,009)	451
Net income (loss)	23,522	(2,594)	(5,006)
Net (income) loss attributable to non-controlling interest in consolidated entities	(149)	321	21
Net income (loss) attributable to Hudson Pacific Properties, Inc. common stockholders	23,373	(2,273)	(4,985)
Preferred distributions	(12,785)	(12,893)	(12,924)
Net income attributable to restricted shares	(274)	(300)	(295)
Net income (loss) available to common unitholders	10,314	(15,466)	(18,204)
Hudson Pacific Partners, L.P. | Office
Revenues
Rental	156,806	124,839	88,459
Tenant recoveries	34,509	25,870	22,029
Parking and other	22,471	14,732	9,840
Total revenues	213,786	165,441	120,328
Operating expenses
Operating expenses	78,372	63,434	50,599
Hudson Pacific Partners, L.P. | Media & Entertainment
Revenues
Rental	22,138	23,003	23,598
Tenant recoveries	1,128	1,807	1,598
Other property-related revenue	15,751	15,072	14,733
Parking and other	612	235	204
Total revenues	39,629	40,117	40,133
Operating expenses
Operating expenses	25,897	24,149	24,340
Series A [Member] | Hudson Pacific Partners, L.P.
Other expense (income)
Preferred distributions	(641)	(749)	(780)
Series B Preferred Stock | Hudson Pacific Partners, L.P.
Other expense (income)
Preferred distributions	$ (12,144)	$ (12,144)	$ (12,144)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Net income (loss)	$ 23,522	$ (2,594)	$ (5,006)
Other comprehensive income (loss): cash flow hedge adjustment	(1,499)	303	(429)
Comprehensive income (loss)	22,023	(2,291)	(5,435)
Comprehensive income attributable to preferred stock and units	(12,785)	(12,893)	(12,924)
Comprehensive income attributable to restricted shares	(274)	(300)	(295)
Comprehensive (income) loss attributable to non-controlling interest in consolidated real estate entities	(149)	321	21
Comprehensive (income) loss attributable to common units in the Operating Partnership	(306)	620	1,039
Comprehensive income (loss) attributable to Hudson Pacific Properties, Inc. stockholders	8,509	(14,543)	(17,594)
Hudson Pacific Partners, L.P.
Net income (loss)	23,522	(2,594)	(5,006)
Other comprehensive income (loss): cash flow hedge adjustment	(1,499)	303	(429)
Comprehensive income (loss)	22,023	(2,291)	(5,435)
Comprehensive (income) loss attributable to non-controlling interest in consolidated real estate entities	(149)	321	21
Comprehensive (income) loss attributable to common units in the Operating Partnership	(149)	321	21
Comprehensive income (loss) attributable to Hudson Pacific Properties, Inc. stockholders	$ 8,815	$ (15,163)	$ (18,633)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Series B Cumulative Redeemable Preferred Stock	Common Stock	Common StockCommon Stock	Series B Cumulative Redeemable Preferred Stock	Series B Cumulative Redeemable Preferred StockSeries B Cumulative Redeemable Preferred Stock	Additional Paid in Capital	Additional Paid in CapitalCommon Stock	Accumulated Deficit	Accumulated Other Comprehensive (Deficit) Income	Non-controlling Common Units in the Operating Partnership	Non-controlling Interests- Members in Consolidated Entities
Beginning balance (in shares) at Dec. 31, 2011				33,840,854
Beginning balance at Dec. 31, 2011	$ 688,669			$ 338		$ 87,500		$ 552,043		$ (13,685)	$ (883)	$ 63,356	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions	1,481												1,481
Shares of stock sold (in shares)					13,225,000
Proceeds from sale of common stock, net of underwriters’ discount		$ 190,798	$ 57,500		$ 132		$ 57,500		$ 190,666
Common stock issuance transaction costs	(1,870)	(727)						(1,870)	(727)
Issuance of unrestricted stock (in shares)				7,094
Issuance of restricted stock (in shares)				268,060
Issuance of restricted stock				$ 2				(2)
Forfeiture of restricted stock (in shares)				(1,474)
Stock repurchased (in shares)				(71,180)
Shares repurchased	(1,385)			$ 0				(1,385)
Declared Dividend	(35,343)					(12,144)		(21,972)				(1,227)
Amortization of stock-based compensation	4,314							4,314
Net income (loss)	(5,786)					12,144				(16,895)		(1,014)	(21)
Cash Flow Hedge Adjustment	(429)										(404)	(25)
Exchange of Non-controlling Interests — Common units in the Operating Partnership for common stock (in shares)				228,378
Exchange of Non-controlling Interests — Common units in the Operating Partnership for common stock				$ 3				5,538				(5,541)
Ending balance (in shares) at Dec. 31, 2012				47,496,732
Ending balance at Dec. 31, 2012	897,222			$ 475		145,000		726,605		(30,580)	(1,287)	55,549	1,460
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributions	45,704												45,704
Distributions	(1,160)												(1,160)
Shares of stock sold (in shares)				9,812,644
Proceeds from sale of common stock, net of underwriters’ discount	202,542			$ 98				202,444
Common stock issuance transaction costs	(577)							(577)
Issuance of unrestricted stock (in shares)				5,756
Issuance of restricted stock (in shares)				44,219
Issuance of restricted stock				$ 0				0
Forfeiture of restricted stock (in shares)				(3,415)
Stock repurchased (in shares)				(125,737)
Shares repurchased	(2,756)			$ (1)				(2,755)
Declared Dividend	(41,751)					(12,144)		(28,415)				(1,192)
Amortization of stock-based compensation	6,682							6,682
Net income (loss)	(3,343)					12,144				(14,533)		(633)	(321)
Cash Flow Hedge Adjustment	$ 303										290	13
Ending balance (in shares) at Dec. 31, 2013	57,230,199			57,230,199
Ending balance at Dec. 31, 2013	$ 1,102,866			$ 572		145,000		903,984		(45,113)	(997)	53,737	45,683
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distributions	(2,842)												(2,842)
Shares of stock sold (in shares)					9,563,500
Proceeds from sale of common stock, net of underwriters’ discount		197,468			$ 96				197,372
Common stock issuance transaction costs		$ (1,599)							$ (1,599)
Issuance of unrestricted stock (in shares)				6,922
Stock repurchased (in shares)				(2,805)
Shares repurchased	(3,129)			$ 0				(3,129)
Declared Dividend	(47,110)					(12,144)		(33,774)				(1,192)
Amortization of stock-based compensation	7,979							7,979
Net income (loss)	22,881					12,144				10,229		359	149
Cash Flow Hedge Adjustment	$ (1,499)										(1,446)	(53)
Ending balance (in shares) at Dec. 31, 2014	66,797,816			66,797,816
Ending balance at Dec. 31, 2014	$ 1,275,015			$ 668		$ 145,000		$ 1,070,833		$ (34,884)	$ (2,443)	$ 52,851	$ 42,990

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 23,522	$ (2,594)	$ (5,006)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	72,216	70,852	57,024
Amortization of deferred financing costs and loan premium, net	949	486	1,126
Amortization of stock-based compensation	7,559	6,454	4,212
Straight-line rent receivables	(13,362)	(10,383)	(3,365)
Amortization of above-market leases	2,026	2,542	3,757
Amortization of below-market leases	(7,661)	(8,570)	(7,321)
Amortization of lease incentive costs	425	36	91
Bad debt expense (recovery)	(97)	959	724
Amortization of ground lease intangible	248	247	247
Amortization of discount and net origination fees on notes receivable	(156)	0	0
Change in operating assets and liabilities:
Restricted cash	(333)	807	(4,801)
Accounts receivable	(7,375)	3,557	(4,203)
Deferred leasing costs and lease intangibles	(12,266)	(24,213)	(5,496)
Prepaid expenses and other assets	(1,602)	(803)	323
Accounts payable and accrued liabilities	3,114	957	4,554
Security deposits	485	(500)	232
Prepaid rent	1,014	(3,867)	723
Net cash provided by operating activities	63,168	41,547	42,821
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(123,298)	(87,153)	(27,150)
Property acquisitions	(113,580)	(389,883)	(392,320)
Acquisition of notes receivable	(28,112)	0	(4,000)
Proceeds from sale of real estate	18,629	52,994	0
Net cash used in investing activities	(246,361)	(424,042)	(423,470)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable	448,972	444,927	326,738
Payments of notes payable	(417,508)	(202,122)	(143,761)
Proceeds from issuance of common stock	197,468	202,542	190,798
Common stock issuance transaction costs	(1,599)	(577)	(727)
Proceeds from issuance of Series B cumulative redeemable preferred stock	0	0	57,500
Series B stock issuance transaction costs	0	0	(1,870)
Dividends paid to common stock and unit holders	(34,966)	(29,607)	(23,199)
Dividends paid to preferred stock and unit holders	(12,785)	(12,893)	(12,924)
Redemption of 6.25% series A cumulative redeemable preferred units	(298)	(2,000)	0
Distribution to non-controlling member in consolidated real estate entity	(2,842)	(1,160)	0
Repurchase of vested restricted stock	(3,129)	(2,756)	(1,385)
Payment of loan costs	(2,723)	(2,407)	(5,322)
Net cash provided by financing activities	170,590	393,947	385,848
Net (decrease) increase in cash and cash equivalents	(12,603)	11,452	5,199
Cash and cash equivalents—beginning of period	30,356	18,904
Cash and cash equivalents—end of period	17,753	30,356	18,904
SUPPLEMENTAL CASH FLOWS INFORMATION:
Cash paid for interest, net of amounts capitalized	32,107	28,894	18,586
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts payable and accrued liabilities for investment in property	(4,720)	(2,554)	(751)
Assumption of secured debt in connection with property acquisitions (Notes 3 and 6)	0	102,299	0
Assumption of other assets and liabilities in connection property acquisitions, net (Note 3)	0	45,704	1,481
Non-controlling interest in consolidated real estate entity (Note 3)	0	(2,423)	(889)
Hudson Pacific Partners, L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	23,522	(2,594)	(5,006)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	72,216	70,852	57,024
Amortization of deferred financing costs and loan premium, net	949	486	1,126
Amortization of stock-based compensation	7,559	6,454	4,212
Straight-line rent receivables	(13,362)	(10,383)	(3,365)
Amortization of above-market leases	2,026	2,542	3,757
Amortization of below-market leases	(7,661)	(8,570)	(7,321)
Amortization of lease incentive costs	425	36	91
Bad debt expense (recovery)	(97)	959	724
Amortization of ground lease intangible	248	247	247
Amortization of discount and net origination fees on notes receivable	(156)	0	0
Gain / Loss on real estate		5,580	0
Change in operating assets and liabilities:
Restricted cash	(333)	807	(4,801)
Accounts receivable	(7,375)	3,557	(4,203)
Deferred leasing costs and lease intangibles	(12,266)	(24,213)	(5,496)
Prepaid expenses and other assets	(1,602)	(803)	323
Accounts payable and accrued liabilities	3,114	957	4,554
Security deposits	485	(500)	232
Prepaid rent	1,014	(3,867)	723
Net cash provided by operating activities	63,168	41,547	42,821
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to investment property	(123,298)	(87,153)	(27,150)
Property acquisitions	(113,580)	(389,883)	(392,320)
Acquisition of notes receivable	(28,112)	0	(4,000)
Proceeds from sale of real estate	18,629	52,994	0
Net cash used in investing activities	(246,361)	(424,042)	(423,470)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable	448,972	444,927	326,738
Payments of notes payable	(417,508)	(202,122)	(143,761)
Proceeds from issuance of common stock	197,468	202,542	190,798
Common stock issuance transaction costs	(1,599)	(577)	(727)
Proceeds from issuance of Series B cumulative redeemable preferred stock	0	0	57,500
Series B stock issuance transaction costs	0	0	(1,870)
Dividends paid to common stock and unit holders	(34,966)	(29,607)	(23,199)
Dividends paid to preferred stock and unit holders	(12,785)	(12,893)	(12,924)
Redemption of 6.25% series A cumulative redeemable preferred units	(298)	(2,000)	0
Distribution to non-controlling member in consolidated real estate entity	(2,842)	(1,160)	0
Repurchase of vested restricted stock	(3,129)	(2,756)	(1,385)
Payment of loan costs	(2,723)	(2,407)	(5,322)
Net cash provided by financing activities	170,590	393,947	385,848
Net (decrease) increase in cash and cash equivalents	(12,603)	11,452	5,199
Cash and cash equivalents—beginning of period	30,356	18,904	13,705
Cash and cash equivalents—end of period	17,753	30,356	18,904
SUPPLEMENTAL CASH FLOWS INFORMATION:
Cash paid for interest, net of amounts capitalized	32,107	28,894	18,586
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts payable and accrued liabilities for investment in property	(4,720)	(2,554)	(751)
Assumption of secured debt in connection with property acquisitions (Notes 3 and 6)	0	102,299	0
Assumption of other assets and liabilities in connection property acquisitions, net (Note 3)	0	(2,423)	(889)
Non-controlling interest in consolidated real estate entity (Note 3)	$ 0	$ 45,704	$ 1,481

Organization

Organization	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Hudson Pacific Properties, Inc. (which is referred to in these financial statements as the “Company,” “we,” “us,” or “our”) is a Maryland corporation formed on November 9, 2009 that did not have any meaningful operating activity until the consummation of our initial public offering and the related acquisition of our predecessor and certain other entities on June 29, 2010 (“IPO”). Since the completion of the IPO, the concurrent private placement, and the related formation transactions, we have been a fully integrated, self-administered, and self-managed real estate investment trust (“REIT”). Through our controlling interest in Hudson Pacific Properties, L.P. ("our operating partnership" or the “Operating Partnership” and is also referred to in these financial statements as the "Company", "we", "us", or "our") and its subsidiaries, we own, manage, lease, acquire and develop real estate, consisting primarily of office and media and entertainment properties. As of December 31, 2014 , we owned a portfolio of 26 office properties and two media and entertainment properties. These properties are located in California and Washington.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of the Company are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements of the Company include the consolidated financial position and results of operations of the Company, the Operating Partnership and all of our wholly owned and controlled subsidiaries. The consolidated financial statements of the Operating Partnership include the consolidated financial position and results of operations of the Operating Partnership, and all wholly owned and controlled subsidiaries of the Operating Partnership. All intercompany balances and transactions have been eliminated in the consolidated financial statements. Certain prior period amounts in the consolidated financial statements have been reclassified to reflect properties held for sale. Any reference to the number of properties and square footage are unaudited and outside the scope of our independent registered public accounting firm’s audit of our financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board. 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 on-going 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. Investment in Real Estate Properties The properties are carried at cost less accumulated depreciation and amortization. The Company assigns the cost of an acquisition, including the assumption of liabilities, to the acquired tangible assets and identifiable intangible assets and liabilities based on their estimated fair values in accordance with GAAP. The Company assesses fair value based on estimated cash flow projections that utilize discount and/or capitalization rates and available market information. 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. Acquisition-related expenses associated with acquisition of operating properties are expensed in the period incurred. The Company records acquired “above and below” market leases at fair value using 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 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, legal and other related costs. The Company capitalizes direct construction and development costs, including predevelopment costs, interest, property taxes, insurance and other costs directly related and essential to the acquisition, development or construction of a real estate project. Indirect development costs, including salaries and benefits, office rent, and associated costs for those individuals directly responsible for and who spend their time on development activities are also capitalized and allocated to the projects to which they relate. Capitalized personnel costs were approximately $3.1 million and $1.9 million for the years ended December 31, 2014 and 2013 , respectively. Interest is capitalized on the construction in progress at a rate equal to the Company’s weighted average cost of debt. Capitalized interest was approximately $6.9 million and $4.6 million for the years ended December 31, 2014 and 2013 , respectively. Construction and development costs are capitalized while substantial activities are ongoing to prepare an asset for its intended use. The Company considers a construction project as substantially complete and held available for occupancy upon the completion of tenant improvements but no later than one year after cessation of major construction activity. Costs incurred after a project is substantially complete and ready for its intended use, or after development activities have ceased, are expensed as they are incurred. Costs previously capitalized related to abandoned acquisitions or developments are charged to earnings. Expenditures for repairs and maintenance are expensed as they are incurred. The Company computes depreciation using the straight-line method over the estimated useful lives of 39 years for building and improvements, 15 years for land improvements, 5 or 7 years for furniture and fixtures and equipment, and over the shorter of asset life or life of the lease for tenant improvements. Above- and below-market lease intangibles are amortized to revenue over the remaining non-cancellable lease terms and bargain renewal periods, if applicable. Other in-place lease intangibles are amortized to expense over the remaining non-cancellable lease term. Depreciation is discontinued when a property is identified as held for sale. Impairment of Long-Lived Assets The Company assesses the carrying value of real estate assets and related intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable in accordance with GAAP. Impairment losses are recorded on real estate assets held for investment when indicators of impairment are present and the future undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. The Company recognizes impairment losses to the extent the carrying amount exceeds the fair value of the properties. Properties held for sale are recorded at the lower of cost or estimated fair value less cost to sell. The Company recorded $5.6 million of impairment charges related to a property that it sold during the year ended December 31, 2013 with no comparable charge for the year ended December 31, 2014 . There was one property held for sale at December 31, 2014 and no properties held for sale at December 31, 2013 . Goodwill Goodwill represents the excess of acquisition cost over the fair value of net tangible and identifiable intangible assets acquired and liabilities assumed in business combinations. Our goodwill balance as of December 31, 2014 and 2013 , respectively, was $8.8 million . We do not amortize this asset but instead analyze it on an annual basis for impairment. No impairment indicators have been noted during the years ended December 31, 2014 and 2013 . Cash and Cash Equivalents Cash and cash equivalents are defined as cash on hand and in banks, plus all short-term investments with a maturity of three months or less when purchased. The Company maintains some of its cash in bank deposit accounts that, at times, may exceed the federally insured limit. No losses have been experienced related to such accounts. Restricted Cash Restricted cash consists of amounts held by lenders to provide for future real estate taxes and insurance expenditures, repairs and capital improvements reserves, general and other reserves and security deposits. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable consist of amounts due for monthly rents and other charges. The Company maintains an allowance for doubtful accounts for estimated losses resulting from tenant defaults or the inability of tenants to make contractual rent and tenant recovery payments. The Company monitors the liquidity and creditworthiness of its tenants and operators on an ongoing basis. This evaluation considers industry and economic conditions, property performance, credit enhancements and other factors. For straight-line rent amounts, the Company’s assessment is based on amounts estimated to be recoverable over the term of the lease. At December 31, 2014 and 2013 , respectively, the Company has reserved $0.6 million and $0.3 million of straight-line receivables. The Company evaluates the collectability of accounts receivable based on a combination of factors. The allowance for doubtful accounts is based on specific identification of uncollectible accounts and the Company’s historical collection experience. The Company recognizes an allowance for doubtful accounts based on the length of time the receivables are past due, the current business environment and the Company’s historical experience. Historical experience has been within management’s expectations. The Company recognized $(97) , $959 and $724 of bad debt (recovery) expense for the years ended December 31, 2014 , 2013 and 2012 , respectively. The following summarizes our accounts receivable net of allowance for doubtful accounts as of: December 31, 2014 December 31, 2013 Accounts receivable $ 17,287 $ 9,898 Allowance for doubtful accounts (1,040 ) (1,036 ) Accounts receivable, net $ 16,247 $ 8,862 Notes Receivable On August 19, 2014, the Company entered into a loan participation agreement for a loan with a maximum principal of $140.0 million . The Company’s share was 23.77% , or $33.3 million . The note receivable is secured by a real estate property, has a balance of $28.5 million as of December 31, 2014 , bears interest at 11.0% and matures on August 18, 2016. Interest is payable monthly with the principal due at maturity. The Company received a $0.4 million commitment fee as a result of this transaction. The balance as of December 31, 2014 , net of the commitment fee, was $28.3 million and was classified as a Note Receivable on the Consolidated Balance Sheets. Revenue Recognition The Company recognizes rental revenue from tenants on a straight-line basis over the lease term when collectability is reasonably assured and the tenant has taken possession or controls the physical use of the leased asset. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. Certain leases provide for additional rents contingent upon a percentage of the tenant’s revenue in excess of specified base amounts or other thresholds. Such revenue is recognized when actual results reported by the tenant, or estimates of tenant results, exceed the base amount or other thresholds. Such revenue is recognized only after the contingency has been removed (when the related thresholds are achieved), which may result in the recognition of rental revenue in periods subsequent to when such payments are received. Other property-related revenue is revenue that is derived from the tenants’ use of lighting, equipment rental, parking, power, HVAC and telecommunications (phone and Internet). Other property-related revenue is recognized when these items are provided. Tenant recoveries related to reimbursement of real estate taxes, insurance, repairs and maintenance, and other operating expenses are recognized as revenue in the period during which the applicable expenses are incurred. The reimbursements are recognized and presented gross, as the Company is generally the primary obligor with respect to purchasing goods and services from third-party suppliers, has discretion in selecting the supplier and bears the associated credit risk. The Company recognizes gains on sales of properties upon the closing of the transaction with the purchaser. Gains on properties sold are recognized using the full accrual method when (i) the collectability of the sales price is reasonably assured, (ii) the Company is not obligated to perform significant activities after the sale, (iii) the initial investment from the buyer is sufficient and (iv) other profit recognition criteria have been satisfied. Gains on sales of properties may be deferred in whole or in part until the requirements for gain recognition have been met. Deferred Financing Costs Deferred financing costs are amortized over the term of the respective loan. Derivative Financial Instruments The Company manages interest rate risk associated with borrowings by entering into interest rate derivative contracts. The Company recognizes all derivatives on the consolidated balance sheet at fair value. Derivatives that are not hedges are adjusted to fair value and the changes in fair value are reflected as income or expense. If the derivative is a hedge, depending on the nature of the hedge, changes in the fair value of derivatives are either offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income (loss), which is a component of equity. The ineffective portion of a derivative’s change in fair value is immediately recognized in earnings. The Company held three interest rate contracts as of December 31, 2014 and 2013 , all of which have been accounted for as cash flow hedges as more fully described in note 6 below. Stock-Based Compensation Accounting Standard Codification, or ASC, Topic 718, Compensation—Stock Compensation (referred to as ASC Topic 718), requires us to recognize an expense for the fair value of equity-based compensation awards. Grants of stock options, restricted stock, restricted stock units and performance units under our equity incentive award plans are accounted for under ASC Topic 718. Income Taxes Our property-owning subsidiaries are limited liability companies and are treated as pass-through entities or disregarded entities (or, in the case of the entity that owns the 1455 Market Street property, a REIT) 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. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) commencing with our taxable year ended December 31, 2010. To qualify as a REIT, we are required to distribute at least 90% of our net taxable income, excluding net capital gains, to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided that we continue to qualify for taxation as a REIT, we are generally not subject to corporate level income tax on the earnings distributed currently to our stockholders. If we fail to qualify as a REIT in any taxable year, and are unable to avail ourselves of certain savings provisions set forth in the Code, all of our taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax. We have elected, together with one of our subsidiaries, to treat such subsidiary as a taxable REIT subsidiary (“TRS”) for federal income tax purposes. Certain activities that we may undertake, such as non-customary services for our tenants and holding assets that we cannot hold directly, will be conducted by a TRS. A TRS is subject to federal and, where applicable, state income taxes on its net income. The Company is subject to the statutory requirements of the states in which it conducts business. 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 December 31, 2014 , the Company has not established a liability for uncertain tax positions. The REIT and its TRS file income tax returns with the U.S. federal government and various state and local jurisdictions. The REIT and the TRS are no longer subject to tax examinations by tax authorities for years prior to 2011. Generally, The Company has assessed its tax positions for all open years, which includes 2011 to 2014, and concluded that there are no material uncertainties to be recognized. Fair Value of Assets and Liabilities Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. 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 requires inputs that are both significant to the fair value measurement and unobservable. When available, the Company utilizes quoted market prices from an independent third-party source to determine fair value and classifies such items in Level 1 or Level 2. In instances where the market for a financial instrument is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines the market for a financial instrument owned by the Company to be illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources. Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument. The Company considers the following factors to be indicators of an inactive market: (i) there are few recent transactions, (ii) price quotations are not based on current information, (iii) price quotations vary substantially either over time or among market makers (for example, some brokered markets), (iv) indexes that previously were highly correlated with the fair values of the asset or liability are demonstrably uncorrelated with recent indications of fair value for that asset or liability, (v) there is a significant increase in implied liquidity risk premiums, yields, or performance indicators (such as delinquency rates or loss severities) for observed transactions or quoted prices when compared with the Company’s estimate of expected cash flows, considering all available market data about credit and other nonperformance risk for the asset or liability, (vi) there is a wide bid-ask spread or significant increase in the bid-ask spread, (vii) there is a significant decline or absence of a market for new issuances (that is, a primary market) for the asset or liability or similar assets or liabilities, and (viii) little information is released publicly (for example, a principal-to-principal market). The Company considers the following factors to be indicators of non-orderly transactions: (i) there was not adequate exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities under current market conditions, (ii) there was a usual and customary marketing period, but the seller marketed the asset or liability to a single market participant, (iii) the seller is in or near bankruptcy or receivership (that is, distressed), or the seller was required to sell to meet regulatory or legal requirements (that is, forced), and (iv) the transaction price is an outlier when compared with other recent transactions for the same or similar assets or liabilities. The Company’s interest rate contract agreements are classified as Level 2 and their fair value is derived from estimated values obtained from observable market data for similar instruments. As of December 31, 2014 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivative Number of Instruments Notional Amount Interest Rate Caps 2 $92.0 million Interest Rate Swaps 1 $64.5 million Non-designated Hedges For the years ended December 31, 2014 and 2013 , all of the Company’s derivatives were designated as cash flow hedges. Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2014 and 2013 . The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the consolidated balance sheets. Asset Derivatives Liability Derivatives Fair Value as of Fair Value as of Balance Sheet Location December 31, 2014 December 31, 2013 Balance Sheet Location December 31, 2014 December 31, 2013 Derivatives designated as hedging instruments: Interest rate products Interest rate contracts $ 3 $ 192 Interest rate contracts $ 1,750 — Total $ 3 $ 192 1,750 — Tabular Disclosure of the Effect of Derivative Instruments on the Income Statement The tables below present the effect of the Company’s derivative financial instruments on the Statement of Operations for the years ended December 31, 2014 and 2013 . Year Ended December 31, 2014 2013 2012 Beginning Balance of OCI related to interest rate contracts $ 1,162 $ 1,465 $ 1,036 Unrealized Loss Recognized in OCI Due to Change in Fair Value of interest rate contracts 1,939 (121 ) 457 Loss Reclassified from OCI into Income (as Interest Expense) (440 ) (182 ) (28 ) Net Change in OCI $ 1,499 $ (303 ) $ 429 Ending Balance of Accumulated OCI Related to Derivatives $ 2,661 $ 1,162 $ 1,465 Allocation of OCI, non-controlling interests (218 ) (165 ) (178 ) Accumulated other comprehensive deficit $ 2,443 $ 997 $ 1,287 Credit-Risk-Related Contingent Features As of December 31, 2014 , the Company had one derivatives that was in a net liability position. Recently Issued Accounting Literature Changes to GAAP are established by the FASB in the form of ASUs. We consider the applicability and impact of all ASUs. Recently issued ASUs not listed below are not expected to have a material impact on our consolidated financial position and results of operations, because either the ASU is not applicable or the impact is expected to be immaterial. On June 19, 2014, the FASB issued their final standard to amend the accounting guidance for stock compensation tied to performance targets (ASU No. 2014-12). The issue is the result of a consensus of the FASB Emerging Issues Task Force (Issue No. 13-D). The standard requires that a performance target that could be achieved after the requisite service period be treated as a performance condition, and as a result, this type of performance condition may delay expense recognition until achievement of the performance target is probable. The ASU is effective for all entities for reporting periods (including interim periods) beginning after December 15, 2015, and early adoption is permitted. The Company will adopt the guidance effective January 1, 2016 and the guidance is not expected to have a material impact on our consolidated financial statements or notes to our consolidated financial statements. On May 28, 2014, the FASB issued their final standard on revenue from contracts with customers. The guidance specifically notes that lease contracts with customers are a scope exception. The standard (ASU No. 2014-09) outlines a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers. The ASU is effective for annual reporting periods (including interim periods) beginning after December 15, 2016, and early adoption is not permitted. The Company will adopt the guidance effective January 1, 2017 and is currently assessing the impact on our consolidated financial statements and notes to our consolidated financial statements. On April 10, 2014, the FASB issued final guidance to change the criteria for reporting discontinued operations while enhancing disclosures in this area (ASU No. 2014-08). Under the new guidance, only disposals representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. The guidance also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. The guidance will be applied prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. The guidance is effective for annual financial statements with fiscal years beginning on or after December 15, 2014 with early adoption permitted for disposals or classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. As of January 1, 2014, we have early adopted the amended guidance and it resulted in the sale of Tierrasanta and the First Financial properties held for sale, not meeting the definition of a discontinued operation. As a result, the Company did not reclassify the properties' operations including the $5.5 million gain on sale of real estate into discontinued operations for the years ended December 31, 2014 , 2013 and 2012 .

Investment in Real Estate

Investment in Real Estate	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Investment in Real Estate	Investment in Real Estate A summary of the activity of our investment in real estate including investment in real estate held for sale (First Financial, Tierrasanta and City Plaza) is as follows: Year Ended Year Ended Year Ended Investment in real estate Beginning balance $ 2,035,330 $ 1,475,955 $ 1,060,504 Acquisitions 114,008 538,322 390,370 Improvements, capitalized costs 128,018 89,707 27,901 Disposal (37,615 ) (9,638 ) (2,820 ) Cost of property sold — (59,016 ) — Ending Balance $ 2,239,741 $ 2,035,330 $ 1,475,955 Reclassification to assets associated with real estate held for sale (68,446 ) (82,305 ) — Total Investment in real estate $ 2,171,295 $ 1,953,025 $ 1,475,955 Accumulated depreciation Beginning balance $ (116,342 ) $ (85,184 ) $ (53,329 ) Additions (50,044 ) (41,454 ) (34,675 ) Deletions 23,825 10,296 2,820 Ending Balance $ (142,561 ) $ (116,342 ) $ (85,184 ) Reclassification to assets associated with real estate held for sale 7,904 7,931 — Total Accumulated depreciation $ (134,657 ) $ (108,411 ) $ (85,184 ) Acquisitions On December 6, 2014, the Company entered into an asset purchase agreement to acquire the EOP Northern California Portfolio from Blackstone Real Estate Partners V and VI ("Blackstone"). The EOP Northern California Portfolio consists 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 San Jose Airport submarkets. The total consideration to be paid for the EOP Northern California Portfolio before certain credits, proration, and closing costs will be a cash payment equal to $1.75 billion and equity consideration totaling 63,474,791 shares of our common stock or common units of limited partnership interest in the Operating Partnership. The Company expects the transaction to close in late first quarter or early second quarter subject to customary closing conditions, including the receipt of the requisite stockholder approval for the equity issued in connection with the transaction. During 2014, we acquired the following properties: Merrill Place, 3402 Pico Blvd., and 12655 Jefferson. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price accounting for each of these acquisitions: Merrill Place 3402 Pico Blvd. 12655 Jefferson Date of Acquisition February 12, 2014 February 28, 2014 October 17, 2014 Total Consideration paid Cash consideration $ 57,034 $ 18,546 $ 38,000 $ 113,580 Total consideration $ 57,034 $ 18,546 $ 38,000 $ 113,580 Allocation of consideration paid Investment in real estate, net $ 57,508 $ 18,500 $ 38,000 $ 114,008 Above-market leases 173 — — 173 Deferred leasing costs and lease intangibles, net 3,163 — — 3,163 Below-market leases (3,315 ) — — (3,315 ) Other (liabilities) asset assumed, net (495 ) 46 — (449 ) Total consideration paid $ 57,034 $ 18,546 $ 38,000 $ 113,580 During 2013, we acquired the following properties: 3401 Exposition, Pinnacle II, the Seattle Portfolio, and 1861 Bundy. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price accounting for each of these acquisitions: 3401 Exposition Pinnacle II Seattle Portfolio 1861 Bundy Date of Acquisition May 22, 2013 June 14, 2013 July 31, 2013 September 26, 2013 Total Consideration paid Cash consideration $ 8,489 $ 1,505 $ 368,389 $ 11,500 $ 389,883 Notes Receivable 4,000 — — — 4,000 Debt Assumed 13,233 89,066 — — 102,299 Non-controlling interest in consolidated real estate entity — 45,704 — — 45,704 Total consideration $ 25,722 $ 136,275 $ 368,389 $ 11,500 $ 541,886 Allocation of consideration paid Investment in real estate, net $ 25,439 $ 134,289 $ 367,094 $ 11,500 $ 538,322 Deferred leasing costs and lease intangibles, net — 12,637 21,619 — 34,256 Fair market unfavorable debt value — (5,820 ) — — (5,820 ) Below-market leases — (7,783 ) (14,666 ) — (22,449 ) Other (liabilities) asset assumed, net 283 2,952 (5,658 ) — (2,423 ) Total consideration paid $ 25,722 $ 136,275 $ 368,389 $ 11,500 $ 541,886 During 2012, we acquired the following properties: 10900 Washington, 901 Market Street, Element LA (Olympic Bundy), 1455 Gordon Street and Pinnacle I. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price accounting for each of these acquisitions: 10900 Washington 901 Market Element LA 1455 Gordon Street Pinnacle I Date of Acquisition April 5, 2012 June 1, 2012 September 5, 2012 September 21, 2012 November 8, 2012 Total Consideration paid Cash consideration $ 2,605 $ 90,871 $ 88,436 $ 2,385 $ 208,023 $ 392,320 Non-controlling interest in consolidated real estate entity — — — — 1,481 1,481 Total consideration $ 2,605 $ 90,871 $ 88,436 $ 2,385 $ 209,504 $ 393,801 Allocation of consideration paid Investment in real estate, net $ 2,600 $ 97,187 $ 88,024 $ 2,384 $ 200,175 $ 390,370 Above-market leases — — — — 167 167 Leases in place — 2,968 1,325 96 11,710 16,099 Other lease intangibles — 548 46 22 3,456 4,072 Below-market leases — (10,249 ) (666 ) (27 ) (5,076 ) (16,018 ) Other (liabilities) asset assumed, net 5 417 (293 ) (90 ) (928 ) (889 ) Total consideration paid $ 2,605 $ 90,871 $ 88,436 $ 2,385 $ 209,504 $ 393,801 The table below shows the pro forma financial information for the years ended December 31, 2014 and 2013 as if these properties had been acquired as of January 1, 2013 . Year Ended December 31, 2014 2013 Total revenues $ 253,924 $ 224,102 Net loss $ 23,540 $ (5,620 ) Dispositions On December 29, 2014, the Company entered into a purchase and sale agreement to sell its First Financial office property for $89.0 million (before certain credits, prorations, and closing costs). As a result, the Company has reclassified First Financial's assets and liabilities to held for sale as of December 31, 2014 and 2013 . The transaction is subject to assumption of an existing $42.4 million loan and is expected to close in the first quarter of 2015. Pursuant to the Company's adoption of ASU No. 2014-08, the Company has not presented the operating results in net income (loss) from discontinued operations. On July 16, 2014, the Company sold its Tierrasanta property for $19.5 million (before certain credits, prorations, and closing costs) and therefore, reclassified Tierrasanta's assets and liabilities to held for sale at July 16, 2014 and December 31, 2013 . Pursuant to the Company's adoption of ASU No. 2014-08, the Company has not presented the operating results in net income (loss) from discontinued operations. On May 31, 2013, the Company entered into an agreement to sell its City Plaza property for approximately $56.0 million (before certain credits, prorations, and closing costs). The transaction closed on July 12, 2013. The transaction resulted in an approximately $5.6 million impairment loss. The Company reclassified City Plaza’s results of operations for the years ended December 31, 2014 , 2013 and 2012 to discontinued operations on its consolidated statements of operations. The following table sets forth the discontinued operations for the years ended December 31, 2014 , 2013 and 2012 for the City Plaza: Year Ended December 31, 2014 2013 2012 Total office revenues $ — $ 4,321 $ 5,695 Office operating expenses (164 ) (1,961 ) (2,978 ) Depreciation and amortization — (789 ) (2,266 ) Income from discontinued operations $ (164 ) $ 1,571 $ 451 The following table summarizes the components that comprise the assets and liabilities associated with real estate held for sale as of December 31, 2014 and 2013 : Year Ended December 31, 2014 2013 ASSETS Investment in real estate, net $ 60,542 $ 74,374 Restricted cash 2,839 2,821 Straight-line rent receivables 2,151 1,997 Deferred leasing costs and lease intangibles, net 2,457 3,693 Other 545 360 Assets associated with real estate held for sale $ 68,534 $ 83,245 LIABILITIES AND EQUITY Liabilities: Notes payable $ 42,449 $ 43,000 Accounts payable and accrued liabilities 322 1,393 Other 443 731 Liabilities associated with real estate held for sale 43,214 45,124 Equity 25,320 38,121 Total liabilities and equity associated with real estate held for sale $ 68,534 $ 83,245

Deferred Leasing Costs and Leas

Deferred Leasing Costs and Lease Intangibles, net	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Deferred Leasing Costs and Lease Intangibles, net	Deferred Leasing Costs and Lease Intangibles, net The following summarizes our deferred leasing costs and lease intangibles as of: December 31, December 31, Above-market leases $ 10,891 $ 14,869 Leases in place 60,130 83,793 Below-market ground leases 7,513 7,513 Other lease intangibles 26,731 35,651 Lease buy-out costs 4,597 3,107 Deferred leasing costs 38,912 28,270 $ 148,774 $ 173,203 Accumulated amortization (46,751 ) (64,801 ) Deferred leasing costs and lease intangibles, net $ 102,023 $ 108,402 Below-market leases 57,420 67,284 Accumulated accretion (16,451 ) (22,100 ) Below-market leases, net $ 40,969 $ 45,184 During the years ended December 31, 2014 , 2013 and 2012 , the Company recognized $20.9 million , $24.4 million , and $19.8 million , respectively, of amortization expense related to lease costs and in-place leases, and amortized $2.0 million , $2.5 million , and $3.8 million respectively, of above-market leases against rental revenue. As of December 31, 2014 and 2013 , the weighted-average amortization period for lease intangibles was 6.17 years and 7.78 years, respectively. As of December 31, 2014 , the estimated aggregate amortization of deferred leasing costs and lease intangible assets, net for each of the next five years and thereafter are as follows: Year ended Deferred leasing costs and lease intangibles, net 2015 $ 19,096 2016 17,289 2017 14,087 2018 12,334 2019 10,976 Thereafter 28,241 $ 102,023 During the years ended December 31, 2014 , 2013 and 2012 , the Company amortized $7.7 million , $8.6 million , and $7.3 million , respectively of below-market leases in rental revenue. As of December 31, 2014 and 2013 , the weighted-average amortization period for below-market leases was 6.54 years and 7.23 years, respectively. As of December 31, 2014 the estimated amortization of below-market leases, net for each of the next five years and thereafter are as follows: Year ended Below Market Lease 2015 $ 7,158 2016 6,798 2017 6,334 2018 5,609 2019 5,311 Thereafter 9,759 $ 40,969

Prepaid Expense and Other Asset

Prepaid Expense and Other Assets	12 Months Ended
	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expense and Other Assets	Prepaid Expenses and Other Assets Prepaid expenses and other assets consisted of the following as of: December 31, 2014 December 31, 2013 Prepaid insurance $ 3,025 $ 2,677 Prepaid property taxes 427 5 Corporate furniture, fixtures and equipment, net of accumulated depreciation of $207 and $629 respectively 1,405 490 Trade name, net of accumulated amortization of $751 and $649, respectively 271 372 Other 1,564 1,626 Reclassification to assets associated with real estate held for sale — (76 ) $ 6,692 $ 5,094 Trade name is being amortized over a 10 -year period from the date of acquisition of our Sunset Gower property on August 17, 2007.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Notes Payable	Notes Payable The following table sets forth information as of December 31, 2014 with respect to our outstanding indebtedness (in thousands). Outstanding as of Debt December 31, 2014 December 31, 2013 Interest Rate (1) Maturity Date Unsecured revolving credit facility - new $ 130,000 $ — LIBOR+1.15% to 1.55% 9/23/2018 Unsecured revolving credit facility — 155,000 LIBOR+1.55% to 2.20% N/A Unsecured term loan 150,000 — LIBOR+1.30% to 1.90% 9/23/2019 Mortgage loan secured by 3401 Exposition Boulevard (2) — 13,233 LIBOR+3.80% N/A Mortgage loan secured by 6922 Hollywood Boulevard (3) — 40,396 5.58% N/A Mortgage loan secured by 275 Brannan 15,000 15,000 LIBOR+2.00% 10/5/2015 Mortgage loan secured by Pinnacle II (4) 87,421 88,540 6.313% 9/6/2016 Mortgage loan secured by 901 Market (5) 49,600 49,600 LIBOR+2.25% 10/31/2016 Mortgage loan secured by Element LA (6) 59,490 566 LIBOR+1.95% 11/1/2017 Mortgage loan secured by Sunset Gower/Sunset Bronson (7) 97,000 97,000 LIBOR+2.25% 2/11/2018 Mortgage loan secured by Rincon Center (8) 104,126 105,853 5.134% 5/1/2018 Mortgage loan secured by First & King (9) — 95,000 LIBOR+1.60% N/A Mortgage loan secured by Met Park North (10) 64,500 64,500 LIBOR+1.55% 8/1/2020 Mortgage loan secured by 10950 Washington (11) 28,866 29,300 5.316% 3/11/2022 Mortgage loan secured by Pinnacle I (12) 129,000 129,000 3.954% 11/7/2022 Subtotal $ 915,003 $ 882,988 Unamortized loan premium, net (13) 3,056 5,320 Total $ 918,059 $ 888,308 Mortgage loan on real estate held for sale: Mortgage loan secured by First Financial (14) $ 42,449 $ 43,000 4.580% 2/1/2022 $ 960,508 $ 931,308 __________________ (1) Interest rate with respect to indebtedness is calculated on the basis of a 360 -day year for the actual days elapsed, excluding the amortization of loan fees and costs. (2) This loan was assumed on May 22, 2013 in connection with the closing of our acquisition of the 3401 Exposition Boulevard property. This loan was paid off during 2014. (3) This loan was assumed on November 22, 2011 in connection with the closing of our acquisition of the 6922 Hollywood Boulevard property. This loan was paid off during 2014. (4) This loan was assumed on June 14, 2013 in connection with the contribution of the Pinnacle II building to the Company’s joint venture with M. David Paul & Associates/Worthe Real Estate Group. This loan bore interest only for the first five years. Beginning with the payment due October 6, 2011, monthly debt service includes annual debt amortization payments based on a 30 -year amortization schedule. (5) On October 29, 2012, we obtained a loan for our 901 Market property pursuant to which we borrowed $49.6 million upon closing, with the ability to draw up to an additional $11.9 million for budgeted base building, tenant improvements, and other costs associated with the renovation and lease-up of that property. (6) On November 24, 2014 we amended our construction loan for Element LA to, among other things, increase availability from $65.5 million to $102.4 million for budgeted site-work, construction of a parking garage, base building, tenant improvement, and leasing commission costs associated with the renovation and lease-up of the property. (7) On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% with respect to $50.0 million of the loan through February 11, 2016. On January 11, 2012 we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through February 11, 2016. Effective August 22, 2013, the terms of this loan were amended to increase the outstanding balance from $92.0 million to $97.0 million , reduce the interest rate from LIBOR plus 3.50% to LIBOR plus 2.25% , and extend the maturity date from February 11, 2016 to February 11, 2018. (8) This loan is amortizing based on a 30 -year amortization schedule. (9) This loan was paid off during 2014. (10) This loan bears interest only at a rate equal to one-month LIBOR plus 1.55% . The full loan amount is subject to an interest rate contract that swapped one-month LIBOR to a fixed rate of 2.1644% through the loan's maturity on August 1, 2020. (11) This loan is amortizing based on a 30 -year amortization schedule. (12) 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. (13) Represents unamortized amount of the non-cash mark-to-market adjustment on debt associated with Pinnacle II. (14) Beginning with the payment made March 1, 2014, monthly debt service includes principal payments based on a 30-year amortization schedule, for total annual debt service of $2.6 million . This note has been recorded as part of the liabilities associated with real estate held for sale (see note 3). 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 our Sunset Gower and Sunset Bronson properties, our separate property-owning subsidiaries are not obligors of or under the debt of their respective affiliates and each property-owning subsidiary’s separate liabilities do not constitute obligations of its respective affiliates. The minimum future annual principal payments due on our secured and unsecured notes payable at December 31, 2014 , excluding the non-cash loan premium amortization and the $42.4 million mortgage loan secured by First Financial, were as follows (in thousands): Year ended Annual Principal Payments 2015 $ 18,323 2016 138,199 2017 62,195 2018 328,320 2019 152,885 Thereafter 215,081 Total $ 915,003 Senior Unsecured Revolving Credit Facility On September 23, 2014, the Company amended and restated its $250.0 million unsecured revolving credit facility to increase the unsecured revolving credit facility from $250.0 million to $300.0 million , extend the term of that facility to September 23, 2018, and add a five-year, $150.0 million unsecured term loan facility with a group of lenders for which Wells Fargo Bank, N.A. acts as administrative agent, and Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner and Smith Incorporated act as joint lead arrangers, and Bank of America, N.A. and Barclays Bank PLC, act as joint syndication agents, and Keybank, N.A., acts as documentation agent. The $150.0 million unsecured term loan facility was fully drawn by the Company on the closing date to repay a $95.0 million loan secured by the Company’s 505 First Street and 83 King properties, with the remaining $55.0 million used to repay amounts outstanding under the Company’s prior unsecured revolving facility. The Operating Partnership continues to be the borrower under the new facility, and the Company and all subsidiaries that own unencumbered properties will continue to provide guaranties unless the Company obtains and maintains a credit rating of at least BBB- from S&P or Baa3 from Moody’s, in which case such guaranties are not required except under limited circumstances. Subject to the satisfaction of certain conditions and lender commitments, the Company may increase the availability of either or both of the unsecured revolving credit facility or term loan facility so long as the aggregate commitments under both facilities do not exceed $700.0 million . Under the unsecured revolving credit facility, the Company may elect to pay interest at a rate equal to either LIBOR plus 115 to 155 basis points per annum or a specified base rate plus 15 to 55 basis points per annum, depending on the Company’s leverage ratio. Under the term loan facility, the Company may elect to pay interest at a rate equal to either LIBOR plus 130 to 190 basis points per annum or a specified base rate plus 30 to 90 basis points per annum, again depending on the Company’s leverage ratio. If the Company obtains a credit rating for its senior unsecured long term indebtedness, it may make an irrevocable election to change the interest rate for the unsecured revolving credit facility to a rate equal to either LIBOR plus 87.5 to 165 basis points per annum or the specified base rate plus 0 to 65 basis points per annum, and for the term loan facility equal to either LIBOR plus 90 to 190 basis points per annum or the specified base rate plus 0 to 90 basis points per annum, in each case depending on the credit rating. The unsecured revolving credit facility is subject to a facility fee in an amount equal to the Company’s revolving credit commitments (whether or not utilized) multiplied by a rate per annum equal to 20 to 35 basis points, depending on the Company’s leverage ratio, or, if the Company makes the credit rating election, in an amount equal to the aggregate amount of its revolving credit commitments multiplied by a rate per annum equal to 12.5 to 30 basis points, depending upon the credit rating. Unused amounts of the facility are no longer subject to a separate fee. The Company’s ability to borrow under the facility remains subject to ongoing compliance with a number of customary restrictive covenants. In addition to these covenants, the facility also includes certain limitations on dividend payouts and distributions, limits on certain types of investments outside of the Company’s primary business, and other customary affirmative and negative covenants. As of December 31, 2014 , the Company was in compliance with its unsecured revolving credit facility’s financial covenants. As of December 31, 2014 , we had total borrowing capacity of approximately $300.0 million under our unsecured revolving credit facility, $130.0 million of which had been drawn. Repayment Guaranties Sunset Gower and Sunset Bronson Loan In connection with the $97.0 million loan secured by our Sunset Gower and Sunset Bronson properties, we have 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 our Operating Partnership, does not do so.

Interest Rate Contracts

Interest Rate Contracts	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest Rate Contracts	Interest Rate Contracts On February 11, 2011, we closed a five -year term loan totaling $92.0 million with Wells Fargo Bank, N.A., secured by our Sunset Gower and Sunset Bronson media and entertainment campuses. The loan bears interest at a rate equal to one-month LIBOR plus 3.50% . On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% on $50.0 million of the loan through its maturity on February 11, 2016. On January 11, 2012, we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through its maturity on February 11, 2016. We designated each of these interest rate cap contracts as a cash flow hedge for accounting purposes. Effective August 22, 2013, the terms of this loan were amended to, among other changes, increase the outstanding balance from $92.0 million to $97.0 million and extend the maturity date from February 11, 2016 to February 11, 2018. The interest rate contracts described above were not changed in connection with this loan amendment. On July 31, 2013, we closed a seven -year loan totaling $64.5 million with Union Bank, N.A., secured by our 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 swapped one-month LIBOR to a fixed rate of 2.1644% through the loan’s maturity on August 1, 2020. The combined fair market value of the interest rate caps at December 31, 2014 and 2013 was $0.003 million and $0.192 million , respectively. The fair market value of the interest rate swap at December 31, 2014 was a $1.75 million liability.

Future Minimum Base Rents and F

Future Minimum Base Rents and Future Minimum Lease Payments	12 Months Ended
	Dec. 31, 2014
Future Minimum Base Rents and Lease Payments Future Minimum Rents [Abstract]
Future Minimum Base Rents and Future Minimum Lease Payments	Future Minimum Base Rents and Future Minimum Lease Payments Our properties are leased to tenants under operating leases with initial term expiration dates ranging from 2015 to 2020. Approximate future combined minimum rentals (excluding tenant reimbursements for operating expenses and without regard to cancellation options) for properties at December 31, 2014 are presented below for the years/periods ended December 31. The table below does not include rents under leases at our media and entertainment properties with terms of one year or less. Future minimum base rents under our operating leases in each of the next five years and thereafter are as follows (in thousands): Year Ended Non-cancelable Subject to early termination options Total 2015 $ 170,355 $ 826 $ 171,181 2016 168,323 3,437 171,760 2017 152,138 6,971 159,109 2018 139,835 9,628 149,463 2019 123,690 10,749 134,439 Thereafter 539,180 19,527 558,707 Total $ 1,293,521 $ 51,138 $ 1,344,659 Future Minimum Lease Payments In conjunction with the acquisition of the Sunset Gower property, our subsidiary, SGS Realty II, LLC, assumed a ground lease agreement (expiring March 31, 2060) with a related party for a portion of the land. As a result of the March 2011 rent adjustment, monthly rent increased to $31 , whereas the monthly rent totaled $14 at the time of acquisition. The rental rate is subject to adjustment again in March 2018 and every seven years thereafter. In conjunction with the acquisition of the Del Amo Office building, our subsidiary, Hudson Del Amo Office, LLC, assumed a ground sublease (expiring June 30, 2049) with an unrelated party. 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. In conjunction with the acquisition of the 9300 Wilshire Boulevard building, our subsidiary, Hudson 9300 Wilshire, LLC, assumed a ground lease (expiring August 14, 2032) with an unrelated party. Minimum rent under the ground lease is $75 per year (additional rent under this lease of 6% of gross rentals less minimum rent, as defined in such lease, is not included in this amount). In conjunction with the acquisition of the 222 Kearny Street building, our subsidiary, Hudson 222 Kearny, LLC, assumed a ground lease (expiring June 14, 2054) with an unrelated party. Minimum rent under the ground lease is the greater of $975 per year or 20.0% of the first $8,000 of the tenant’s “Operating Income” during any “Lease Year,” as such terms are defined in the ground lease. The table below reflects the $975 per year lease payment. The following table provides information regarding our future minimum lease payments at December 31, 2014 under these lease agreements. Year Ended Future Minimum Lease Payments 2015 $ 1,417 2016 1,417 2017 1,417 2018 1,417 2019 1,417 Thereafter 49,408 Total $ 56,493

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying values of cash and cash equivalents, restricted cash, receivables, payables, and accrued liabilities are reasonable estimates of fair value because of the short-term maturities 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 estimated fair values of interest-rate contract/cap arrangements were derived from estimated values based on observable market data for similar instruments. December 31, 2014 December 31, 2013 Carrying Value Fair Value Carrying Value Fair Value Notes payable $ 960,508 $ 969,259 $ 931,308 $ 940,435 Notes receivable 28,268 28,268 — — Derivative assets, disclosed as “Interest rate contracts” 3 3 192 192 Derivative liabilities, disclosed as “Interest rate contracts” 1,750 1,750 — —

Equity

Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Equity	Equity Non-controlling Interests Common units in the Operating Partnership Common units in the Operating Partnership consisted of 2,382,563 common units of partnership interests, or common units, not owned by us. Common units and shares of our common stock 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 redeem any or all of their common units for cash equal to the then-current market value of one share of common stock or, at our election, issue shares of our common stock in exchange for common units on a one-for-one basis. In February 2012, one of our common unit holders required us to redeem 155,878 common units, and in December 2012, one of our common unit holders required us to redeem 72,500 common units. In both cases, we elected, in accordance with our limited partnership agreement, to issue shares of our common stock in exchange for the common units to satisfy the redemption notice. Accordingly, our outstanding common units decreased from 2,610,941 common units outstanding to the current 2,382,563 common units outstanding, with a corresponding increase to our outstanding common stock as of the date of such exchanges, as reflected in the consolidated statements of equity under the caption “— Exchange of Non-Controlling Interest of Common Units in the Operating Partnership for Common Stock .” Non-controlling interest—members in consolidated entities Non-controlling interest—members in consolidated entities refers to our joint venture partner, Media Center Partners, LLC, with which we entered into a joint venture, Hudson MC Partners, LLC (the “Pinnacle JV”), to acquire The Pinnacle, a two -building (Pinnacle I and Pinnacle II), 625,640 square-foot office property located in Burbank, California. As of December 31, 2014 , we own a 65.0% in the Pinnacle JV. As of December 31, 2012 and until the acquisition by the Pinnacle JV of the 231,864 square-foot Pinnacle II building on June 14, 2013, we owned a 98.25% interest in the Pinnacle JV, which owns the 393,776 square-foot Pinnacle I building. 6.25% series A cumulative redeemable preferred units of the Operating Partnership 6.25% series A cumulative redeemable preferred units of the Operating Partnership are 407,066 series A preferred units of partnership interest in the Operating Partnership, or series A preferred units, that 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. In October 2013, one of our series A preferred unit holders required us to redeem 80,000 series A preferred units. We elected to redeem these units for cash equal to the liquidation preference of $25.00 per unit. As a result of this redemption, our outstanding series A preferred units decreased from 419,014 units outstanding to 407,066 units outstanding. 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 our June 23, 2010 Prospectus. 8.375% Series B cumulative redeemable preferred stock 8.375% series B cumulative redeemable preferred stock are 5,800,000 shares of 8.375% preferred stock, with a liquidation preference of $25.00 per share, $0.01 par value per share. In December 2010, we completed the public offering of 3,500,000 share of our series B preferred stock (including 300,000 shares of series B preferred stock issued and sold pursuant to the exercise of the underwriters’ option to purchase additional shares in part). Total proceeds from the offering, after deducting underwriting discount, were approximately $83.9 million (before transaction costs). On January 23, 2012, we completed the public offering of 2,300,000 of our series B cumulative preferred stock (including 300,000 shares of series B preferred stock issued and sold pursuant to the exercise of the underwriters’ option to purchase additional shares in full). Total proceeds from the offering, after deducting underwriting discount, were approximately $57.5 million (before transaction costs). Dividends on our series B preferred stock are cumulative from the date of original issue and payable quarterly on or about the last calendar day of each March, June, September and December, at the rate of 8.375% per annum of its $25.00 per share liquidation preference (equivalent to $2.0938 per share per annum). If, following a change of control of the Company, either our series B preferred stock (or any preferred stock of the surviving entity that is issued in exchange for our series B preferred stock) or the common stock of the surviving entity, as applicable, is not listed on the New York Stock Exchange, or NYSE, or quoted on the NASDAQ Stock Market, or NASDAQ (or listed or quoted on a successor exchange or quotation system), holders of our series B preferred stock will be entitled to receive cumulative cash dividends from, and including, the first date on which both the change of control occurred and either our series B preferred stock (or any preferred stock of the surviving entity that is issued in exchange for our series B preferred stock) or the common stock of the surviving entity, as applicable, is not so listed or quoted, at the increased rate of 12.375% per annum per share of the liquidation preference of our series B preferred stock (equivalent to $3.09375 per annum per share) for as long as either our series B preferred stock (or any preferred stock of the surviving entity that is issued in exchange for our series B preferred stock) or the common stock of the surviving entity, as applicable, is not so listed or quoted. Except in instances relating to preservation of our qualification as a REIT or in connection with a change of control of the Company, our series B preferred stock is not redeemable prior to December 10, 2015. On and after December 10, 2015, we may redeem our series B preferred stock in whole, at any time, or in part, from time to time, for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If at any time following a change of control either our series B preferred stock (or any preferred stock of the surviving entity that is issued in exchange for our series B preferred stock) or the common stock of the surviving entity, as applicable, is not listed on the NYSE or quoted on NASDAQ (or listed or quoted on a successor exchange or quotation system), we will have the option to redeem our series B preferred stock, in whole but not in part, within 90 days after the first date on which both the change of control has occurred and either our series B preferred stock (or any preferred stock of the surviving entity that is issued in exchange for our series B preferred stock) or the common stock of the surviving entity, as applicable, is not so listed or quoted, for cash at $25.00 per share, plus accrued and unpaid dividends, if any, to, but not including, the redemption date. Our series B preferred stock has no maturity date and will remain outstanding indefinitely unless redeemed by us, and it is not subject to any sinking fund or mandatory redemption and is not convertible into any of our other securities. For a full description of the Series B cumulative redeemable preferred stock, please see “Description of our Preferred Stock” in our December 7, 2010 Prospectus. May 2012 Common Stock Offering On May 18, 2012, we completed the public offering of 13,225,000 shares of common stock and the exercise of the underwriters’ option to purchase an additional 1,725,000 shares of our common stock at the public offering price of $ 15.00 per share. Funds affiliated with Farallon Capital Management, L.L.C. acquired 2,000,000 of the shares of common stock offered in this offering. Total proceeds from the public offering, after underwriters’ discount, were approximately $190.8 million (before transaction costs). February 2013 Common Stock Offering On February 12, 2013, we completed the public offering of 8,000,000 shares of common stock and the exercise of the underwriters’ option to purchase an additional 1,200,000 shares of our common stock at the public offering price of $21.50 per share. Total proceeds from the public offering, after underwriters’ discount, were approximately $189.9 million (before transaction costs). January 2014 Common Stock Offering On January 28, 2014, we completed the public offering of 8,250,000 shares of common stock and the exercise of the underwriters’ option to purchase an additional 1,237,500 shares of our common stock at the public offering price of $21.50 per share, less the underwriting discount. Total proceeds from the public offering, after underwriters’ discount, were approximately $195.8 million (before transaction costs). At-the-Market, or ATM, program During the fourth quarter of 2012, we instituted a new At-the-Market, or ATM, program permitting sales of up to $125.0 million of stock. During the year ended December 31, 2014 , we sold 76,000 shares of common stock at prices ranging from $21.92 to $22.07 per share under this ATM program. During the year ended December 31, 2013 , we sold 612,644 shares of common stock at prices ranging from $20.55 to $22.27 per share under this ATM program. A cumulative total of $14.5 million has been sold as of December 31, 2014 . Exchange of Common Units for Common Stock In February 2012, we elected to issue 155,878 shares of our common stock in exchange for a corresponding number of common units to satisfy the common unit redemption notice of Glenborough Fund XIV, L.P. In December 2012, we elected to issue 72,500 shares of our common stock in exchange for a corresponding number of common units to satisfy the common unit redemption notice of Howard S. Stern. Dividends During the year ended December 31, 2014 , we declared dividends on our common stock and non-controlling common partnership interests of $0.500 per share and unit. We also declared dividends on our series A preferred partnership interests of $1.5625 per unit. In addition, we declared dividends on our series B preferred shares of $2.09375 per share. The fourth quarter 2014 dividends were declared on December 19, 2014 and paid to holders of record on December 30, 2014. 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. The Company’s dividends related to its common stock (CUSIP #444097109) and described above under “Dividends,” will be classified for United States federal income tax purposes as follows (unaudited): Ordinary Dividends Record Date Payment Date Distributions per Share Total Non-qualified Qualified Return of Capital 3/21/2014 3/31/2014 $ 0.12500 $ 0.05647 $ 0.05647 $ — $ 0.06853 6/20/2014 6/30/2014 0.12500 0.05647 0.05647 — 0.06853 9/20/2014 9/30/2014 0.12500 0.05647 0.05647 — 0.06853 12/19/2014 12/30/2014 0.12500 0.05647 0.05647 — 0.06853 Total $ 0.50000 $ 0.22588 $ 0.22588 $ — $ 0.27412 100 % 45.176 % 54.824 % The Company’s dividends related to its 8.375% Series B Cumulative Preferred Stock (CUSIP #444097208) and described above under “Dividends,” will be classified for United States federal income tax purposes as follows (unaudited): Ordinary Dividends Record Date Payment Date Distributions per Share Total Non-qualified Qualified 3/21/2014 3/31/2014 $ 0.52344 $ 0.52344 $ 0.52344 $ — 6/20/2014 6/30/2014 0.52344 0.52344 0.52344 — 9/20/2014 9/30/2014 0.52344 0.52344 0.52344 — 12/19/2014 12/30/2014 0.52344 0.52344 0.52344 — Total $ 2.09376 $ 2.09376 $ 2.09376 $ — Stock-Based Compensation The Board of Directors 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 our Board of Directors compensation program. The share-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 . In addition, the Board of Directors awards restricted shares to employees on an annual basis as part of the employees’ annual compensation. The share-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 three years . These awards are generally subject to a two -year hold upon vesting. The following table summarizes the restricted share activity for the year ended December 31, 2014 and status of all unvested restricted share awards to our non-employee board members and employees at December 31, 2014 : Non-vested Shares Shares Weighted-Average Grant-Date Fair Value Balance at December 31, 2012 632,344 $ 17.12 Granted 263,039 22.16 Vested (350,788 ) 16.50 Canceled (3,415 ) 16.09 Balance at December 31, 2013 541,180 $ 19.98 Granted 281,491 29.38 Vested (275,051 ) 16.83 Canceled (3,913 ) 20.44 Balance at December 31, 2014 543,707 $ 26.43 Year Ended December 31, Non-Vested Shares Issued Weighted Average Grant - dated Fair Value Vested Shares Total Vest-Date Fair Value (in thousands) 2014 281,491 $ 29.38 (275,051 ) $ 9,794 2013 263,039 22.16 (350,788 ) 7,664 2012 268,060 20.33 (262,908 ) 5,096 We recognize the total compensation expense for time-vested shares on a straight-line basis over the vesting period based on the fair value of the award on the date of grant. Hudson Pacific Properties, Inc. Outperformance Programs In each of 2012, 2013 and 2014, the Compensation Committee of our Board of Directors adopted a Hudson Pacific Properties, Inc. Outperformance Program (individually, the “2012 OPP,” the “2013 OPP” and the “2014 OPP” and, together, the “OPPs”). Participants in the 2012 OPP, 2013 OPP and 2014 OPP may earn, in the aggregate, up to $10 million , $11 million and $12 million , respectively, of stock-settled awards based on our Total stockholder Return, or TSR, for the three -year period beginning January 1 of the year in which the applicable OPP was adopted and ending December 31 of 2014, 2015 or 2016, respectively. Under each OPP, participants will be entitled to share in a performance pool with a value, subject to the applicable dollar-denominated cap described above, equal to the sum of: (i) 4% of the amount by which our TSR during the applicable performance period exceeds 9% simple annual TSR (the “absolute TSR component”), plus (ii) 4% of the amount by which our TSR during the applicable performance period exceeds that of the SNL Equity REIT Index (determined on a percentage basis that is then multiplied by the sum of (A) our market capitalization on that date, plus (B) the aggregate per share dividend over the applicable performance period through such date) (the “relative TSR component”), except that the relative TSR component will be reduced on a linear basis from 100% to zero percent for absolute TSR ranging from 7% to zero percent simple annual TSR over the applicable performance period. In addition, the relative TSR component may be a negative value equal to 4% of the amount by which we underperform the SNL Equity REIT Index by more than 3% per year during the applicable performance period (if any). With respect to the 2012 OPP, if we attain pro-rated TSR performance goals during 2012 and/or 2013 that yield hypothetical bonus pools of up to $2 million for 2012 performance and/or up to $4 million for combined 2012/2013 performance, stock awards issued under the final bonus pool at the end of the applicable performance period will cover a number of shares in the aggregate at least equal to the number of shares that would have been subject to stock awards issued at the end of 2012 or 2013 (whichever is greater) based on our TSR performance and common stock price for such prior years (subject to reduction to comply with the $10 million bonus pool limitation). Similarly, with respect to the 2013 OPP , if we attain pro-rated TSR performance goals during 2013 and/or 2014 that yield hypothetical bonus pools of up to $2 million for 2013 performance and/or up to $4 million for combined 2013/2014 performance, stock awards issued under the final bonus pool at the end of the applicable performance period will cover a number of shares in the aggregate at least equal to the number of shares that would have been subject to stock awards issued at the end of 2013 or 2014 (whichever is greater) based on our TSR performance and common stock price for such prior years (subject to reduction to comply with the $11 million bonus pool limitation). At the end of the applicable three -year performance period, participants who remain employed with us will be paid their percentage interest in the bonus pool as stock awards based on the value of our common stock at the end of the performance period. Half of each such participant’s bonus pool interest will be paid in fully vested shares of our common stock and the other half will be paid in RSUs that vest in equal annual installments over the two years immediately following the applicable performance period (based on continued employment) and which carry tandem dividend equivalent rights. However, if the applicable performance period is terminated in connection with a change in control, OPP awards will be paid entirely in fully vested shares of our common stock immediately prior to the change in control. In addition to these share/RSU payments, each OPP award entitles its holder to a cash payment equal to the aggregate dividends that would have been paid during the applicable performance period on the total number of shares and RSUs ultimately issued or granted in respect of such OPP award, had such shares and RSUs been outstanding throughout the performance period. If a participant’s employment is terminated without “cause,” for “good reason” or due to the participant’s death or disability during the applicable performance period (referred to as qualifying terminations), the participant will be paid his or her OPP award at the end of the performance period entirely in fully vested shares (except for the performance period dividend equivalent, which will be paid in cash at the end of the performance period). Any such payment will be pro-rated in the case of a termination without “cause” or for “good reason” by reference to the participant’s period of employment during the applicable performance period. If we experience a change in control or a participant experiences a qualifying termination of employment, in either case, after the end of the applicable performance period, any unvested RSUs that remain outstanding will accelerate and vest in full upon such event. The cost of the 2012 OPP, the 2013 OPP and the 2014 OPP (approximately $3.49 million , $4.14 million and $3.21 million , respectively, subject to a forfeiture adjustment equal to 6% , 6% and 10% , respectively, of the total cost) will be amortized through the final vesting period under a graded vesting expense recognition schedule. The 2012 OPP, 2013 OPP and 2014 OPP were valued, in accordance with ASC 718, at an aggregate of approximately $3.49 million , $4.14 million and $3.21 million , respectively, utilizing a Monte Carlo simulation to estimate the probability of the performance vesting conditions being satisfied. The Monte Carlo simulation used a statistical formula underlying the Black-Scholes and binomial formulas and such simulation was run 100,000 times. For each simulation, the payoff is calculated at the settlement date, which is then discounted to the award date at a risk-free interest rate. The average of the values over all simulations is the expected value of the unit on the award date. Assumptions used in the valuations included (1) factors associated with the underlying performance of the Company’s stock price and total stockholder return over the term of the performance awards including total stock return volatility and risk-free interest and (2) factors associated with the relative performance of the Company’s stock price and total stockholder return when compared to the SNL Equity REIT Index. The valuation was performed in a risk-neutral framework, so no assumption was made with respect to an equity risk premium. The fair value of the OPP awards is based on the sum of: (1) the present value of the expected payoff to the awards on the measurement date, if the TSR over the applicable measurement period exceeds performance hurdles of the absolute and the relative TSR components; and (2) the present value of the distributions payable on the awards. The ultimate reward realized on account of the OPP awards by the holders of the awards is contingent on the TSR achieved on the measurement date, both in absolute terms and relative to the TSR of the SNL Equity REIT Index. The per unit fair value of each 2012 OPP award, 2013 OPP award and 2014 OPP award was estimated on the date of grant using the following assumptions in the Monte Carlo valuation: expected price volatility for the Company and the SNL Equity REIT index of 36% and 35% , 33% and 25% , and 28% and 26% , respectively; a risk-free rate of 0.40% , 0.38% and 0.77% , respectively; and total dividend payments over the measurement period of $1.62 , $1.50 and $1.50 , respectively, per share. For the years ended December 31, 2014 and 2013 , $7,979 and $6,682 , respectively, of non-cash compensation expense for all stock compensation was recognized as additional paid-in capital, of which $7,559 and $6,454 , respectively, was included in general and administrative expenses, with the remaining $420 and $228 , respectively, of stock compensation capitalized to tenant improvements and deferred leasing costs and lease intangibles, net.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Effective July 31, 2012, we consented to the assignment of a lease with a tenant of our 222 Kearny Street property to its subtenant, FJM Investments, LLC. The lease comprises approximately 3,707 square feet of the property’s space and had an initial lease term through May 31, 2014. The lease was extended to May 31, 2015. The monthly rental obligation under the lease for the remaining period is $0.012 million, the base rent component. FJM Investments, LLC was co-founded by and is co-owned by one of our independent directors, Robert M. Moran, Jr.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
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, our 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 December 31, 2014 , 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 December 31, 2014 , 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. Further, for the years ended December 31, 2014 and 2013 , approximately 16% and 20% , respectively, of the Company’s revenues were derived from tenants in the media and entertainment industry, which makes the Company susceptible to demand for rental space in such industry. Consequently, the Company is subject to the risks associated with an investment in real estate with a concentration of tenants in that industry. Other As of December 31, 2014 , the Company has commitments to tenants to deliver space totaling $45.2 million .

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company’s reporting segments are based on the Company’s method of internal reporting, which classifies its operations into two reporting segments: (i) office properties, and (ii) media and entertainment properties. The Company evaluates performance based upon property net operating income from continuing operations (“NOI”) of the combined properties in each segment. NOI is not a measure of operating results or cash flows from operating activities as measured by GAAP, is not indicative of cash available to fund cash needs and should not be considered an alternative to cash flows as a measure of liquidity. All companies may not calculate NOI in the same manner. The Company considers NOI to be an appropriate supplemental financial measure to net income because it helps both investors and management to understand the core operations of the Company’s properties. The Company defines NOI as operating revenues (including rental revenues, other property-related revenue, tenant recoveries and other operating revenues), less property-level operating expenses (which includes external management fees and property-level general and administrative expenses). NOI excludes corporate general and administrative expenses, depreciation and amortization, impairments, gain/loss on sale of real estate, interest expense, acquisition-related expenses and other non-operating items. Asset information by segment is not reported because we do not use this measure to assess performance or make decisions to allocate resources. Summary information for the reportable segments for the year ended December 31, 2014 is as follows: Office Properties Media and Entertainment Properties Total Revenue $ 213,786 $ 39,629 $ 253,415 Operating expenses 78,372 25,897 104,269 Net operating income $ 135,414 $ 13,732 $ 149,146 Summary information for the reportable segments for the year ended December 31, 2013 is as follows: Office Properties Media and Entertainment Properties Total Revenue $ 165,441 $ 40,117 $ 205,558 Operating expenses 63,434 24,149 87,583 Net operating income $ 102,007 $ 15,968 $ 117,975 Summary information for the reportable segments for the year ended December 31, 2012 is as follows: Office Properties Media and Entertainment Properties Total Revenue $ 120,328 $ 40,133 $ 160,461 Operating expenses 50,599 24,340 74,939 Net operating income $ 69,729 $ 15,793 $ 85,522 The following is reconciliation from NOI to reported net income, the most direct comparable financial measure calculated and presented in accordance with GAAP: December 31, 2014 December 31, 2013 December 31, 2012 Net operating income $ 149,146 $ 117,975 $ 85,522 General and administrative (28,253 ) (19,952 ) (16,497 ) Depreciation and amortization (72,216 ) (70,063 ) (54,758 ) Interest expense (25,932 ) (25,470 ) (19,071 ) Interest income 30 272 306 Acquisition-related expenses (4,641 ) (1,446 ) (1,051 ) Other expense 14 99 92 Income (loss) from continuing operations before gain on sale of real estate $ 18,148 $ 1,415 $ (5,457 ) There were no inter-segment sales or transfers during either of the years ended December 31, 2014 and 2013 .

Quarterly Financial Information

Quarterly Financial Information (unaudited)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (unaudited)	Quarterly Financial Information (unaudited) Three months ended December 31, 2014 September 30, 2014 June 30, 2014 March 31, 2014 Total revenues $ 68,787 $ 68,155 $ 62,129 $ 55,596 Income from operations 11,640 12,622 13,195 11,220 Net (loss) income from discontinued operations — (38 ) (60 ) (66 ) Net income (loss) 885 11,415 6,689 4,533 Net (loss) income attributable to Hudson Pacific Properties, Inc. stockholders’ $ (2,290 ) $ 7,620 $ 3,365 $ 1,260 Net loss (income) from continuing operations attributable to common stockholders’ per share— basic and diluted $ (0.03 ) $ 0.11 $ 0.05 $ 0.02 Net (loss) income from discontinued operations per share— basic and diluted $ — $ — $ — $ — Net loss attributable to common stockholders’ per share— basic and diluted $ (0.03 ) $ 0.11 $ 0.05 $ 0.02 Weighted average shares of common stock outstanding— basic and diluted 66,512,651 66,506,179 66,485,639 63,625,751 Three months ended December 31, 2013 September 30, 2013 June 30, 2013 March 31, 2013 Total revenues $ 57,417 $ 53,348 $ 47,390 $ 47,403 Income from operations 10,407 5,170 7,314 3,668 Net (loss) income from discontinued operations (37 ) (155 ) (4,552 ) 735 Net income (loss) 3,269 (2,752 ) (3,428 ) 317 Net loss attributable to Hudson Pacific Properties, Inc. stockholders’ $ (83 ) $ (5,694 ) $ (6,184 ) $ (2,872 ) Net loss (income) from continuing operations attributable to common stockholders’ per share— basic and diluted $ — $ (0.10 ) $ (0.03 ) $ (0.07 ) Net (loss) income from discontinued operations per share— basic and diluted $ — $ — $ (0.08 ) $ 0.01 Net loss attributable to common stockholders’ per share— basic and diluted $ — $ (0.10 ) $ (0.11 ) $ (0.06 ) Weighted average shares of common stock outstanding — basic and diluted 56,271,285 56,144,099 56,075,747 52,184,280

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events 1455 Market Street Joint Venture On January 7, 2015, we entered into a joint venture with Canada Pension Plan Investment Board ("CPPIB"), through which CPPIB purchased a 45% interest in our 1455 Market Street office property for a purchase price of $219.2 million (before certain credits, proration and closing costs). . January 2015 Common Stock Offering On January 20, 2015, we completed the public offering of 11,000,000 shares of common stock and the exercise of the underwriters’ over-allotment option to purchase an additional 1,650,000 shares of our common stock at the public offering price of $31.75 per share. Total proceeds from the public offering, after underwriters’ discount, were approximately $385.2 million (before transaction costs). Hudson Pacific Properties, Inc. 2015 Outperformance Program The Compensation Committee adopted the 2015 Outperformance Program ("OPP") under our 2010 Incentive Award Plan. The OPP authorizes grants of incentive awards linked to our absolute and relative total stockholder return ("TSR") over the performance period beginning on January 1, 2015 and ending on the earlier to occur of December 31, 2017 or the date on which we experience a change in control. Each OPP award confers a percentage participation right in a dollar-denominated, stock-settled bonus pool, as well as certain dividend equivalent rights. Upon adoption of the OPP, the Compensation Committee granted Victor J. Coleman, Mark T. Lammas, Christopher Barton and Alex Vouvalides, each of whom is a named executive officer, OPP awards of 22.4% , 12% , 8% and 10% , respectively. Under the OPP, a bonus pool of up to (but not exceeding) $15 million will be determined at the end of the performance period as the sum of: (i) 4% of the amount by which our TSR during the performance period exceeds 9% simple annual TSR (the absolute TSR component), plus (ii) 4% of the amount by which our TSR performance exceeds that of the SNL Equity REIT Index (on a percentage basis) over the performance period (the relative TSR component), except that the relative TSR component will be reduced on a linear basis from 100% to 0% for absolute TSR performance ranging from 7% to 0% simple annual TSR over the performance period. In addition, the relative TSR component may be a negative value equal to 4% of the amount by which we underperform the SNL Equity REIT Index by more than 3% per year during the performance period (if any). The target bonus pool is equal to $3.6 million, which would be attained if the Company achieves during the performance period (i) a TSR is equal to that of the SNL Equity REIT Index and (ii) a 10.5% simple annual TSR. At the end of the three -year performance period, participants who remain employed with us will be paid their percentage interest in the bonus pool as stock awards based on the value of our common stock at the end of the performance period. Half of each such participant’s bonus pool interest will be paid in fully vested shares of our common stock and the other half will be paid in restricted stock units (RSUs) that vest in equal annual installments over the two years immediately following the performance period (based on continued employment) and carry tandem dividend equivalent rights. However, if the performance period is terminated prior to December 31, 2017 in connection with a change in control, OPP awards will be paid entirely in fully vested shares of our common stock immediately prior to the change in control. In addition to these share/RSU payments, each OPP award entitles its holder to a cash payment equal to the aggregate dividends that would have been paid during the performance period on the total number of shares and RSUs ultimately issued or granted in respect of such OPP award, had such shares and RSUs been outstanding throughout the performance period. If a participant’s employment is terminated without “cause,” for “good reason” or due to the participant’s death or disability during the performance period (referred to as qualifying terminations), the participant will be paid his or her OPP award at the end of the performance period entirely in fully vested shares (except for the performance period dividend equivalent, which will be paid in cash at the end of the performance period). Any such payment will be pro-rated in the case of a termination without “cause” or for “good reason” by reference to the participant’s period of employment during the performance period. If we experience a change in control or a participant experiences a qualifying termination of employment, in either case, after December 31, 2017, any unvested RSUs that remain outstanding will accelerate and vest in full upon such event.

Schedule III - Consolidated Rea

Schedule III - Consolidated Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Consolidated Real Estate and Accumulated Depreciation	Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (In thousands) Initial Costs Cost Capitalized Subsequent to Acquisition Gross Carrying Amount at December 31, 2014 Accumulated Depreciation at December 31, 2014 Year Built / Renovated Year Acquired Property name Encumbrances at December, 31 2014 Land Building & Improvements Improvements Carrying Costs Land Building & All Improvements Total Office Technicolor Building (1) $ — $ 6,599 $ 27,187 $ 25,460 $ 3,088 $ 6,599 $ 55,735 $ 62,334 $ (13,316 ) 2008 2007 875 Howard Street Property (1) — 18,058 41,046 12,436 1,180 18,058 54,662 72,720 (12,408 ) Various 2007 Del Amo — — 18,000 1,167 — — 19,167 19,167 (2,656 ) 1986 2010 9300 Wilshire — — 10,718 696 — — 11,414 11,414 (1,427 ) 1965/2001 2010 222 Kearny (1) — 7,563 23,793 2,768 — 7,563 26,561 34,124 (3,349 ) Various 2010 Rincon Center 104,126 58,251 110,656 11,763 — 58,251 122,419 180,670 (14,755 ) 1985 2010 1455 Market (1) — 41,226 34,990 25,934 — 41,226 60,924 102,150 (1,419 ) 1977 2010 10950 Washington 28,866 17,979 25,110 416 — 17,979 25,526 43,505 (3,329 ) Various 2010 604 Arizona (1) — 5,620 14,745 1,384 — 5,620 16,129 21,749 (1,385 ) 1950 2011 275 Brannan Street 15,000 4,187 8,063 14,026 1,115 4,187 23,204 27,391 (1,811 ) 1906 2011 625 Second Street (1) — 10,744 42,650 (70 ) — 10,744 42,580 53,324 (4,267 ) 1905 2011 6922 Hollywood — 16,608 72,392 3,835 — 16,608 76,227 92,835 (7,551 ) 1965 2011 10900 Washington — 1,400 1,200 735 — 1,400 1,935 3,335 (209 ) 1,973 2012 901 Market Street 49,600 17,882 79,305 13,719 — 17,882 93,024 110,906 (6,300 ) 1912/1985 2012 Element LA 59,490 79,769 19,755 69,529 9,225 79,769 98,509 178,278 (113 ) 1949 2012, 2013 Pinnacle I 129,000 28,518 171,657 3,976 — 28,518 175,633 204,151 (10,961 ) 2002 2012 Pinnacle II 87,421 15,430 115,537 208 — 15,430 115,745 131,175 (5,298 ) 2005 2013 3401 Exposition — 14,120 11,319 9,953 1,028 14,120 22,300 36,420 (81 ) 1961 2013 First & King — 35,899 184,437 5,619 — 35,899 190,056 225,955 (7,751 ) 1904/2009 2013 Met Park North 64,500 28,996 71,768 499 — 28,996 72,267 101,263 (3,011 ) 2000 2013 Northview — 4,803 41,191 151 — 4,803 41,342 46,145 (2,354 ) 1991 2013 3402 Pico — 16,410 2,136 1,066 627 16,410 3,829 20,239 — 1950 2014 Merrill Place 27,684 29,824 1,539 2 27,684 31,365 59,049 (1,307 ) Various 2014 Jefferson 6,040 31,960 73 — 6,040 32,033 38,073 — 1985 2014 Icon — — — 13,121 84 — 13,205 13,205 — Ongoing 2008 Initial Costs Cost Capitalized subsequent to Acquisition Gross Carrying Amount at Accumulated Depreciation at December 31, 2014 (3) Year Built / Renovated Year Acquired Property name Encumbrances at December, 31 2014 Land Building & Improvements Improvements Carrying Costs Land Building & All Improvements Total Media & Entertainment Sunset Gower (2) 97,000 79,321 64,697 15,685 139 79,321 80,521 159,842 (15,856 ) Various 2007, 2011, 2012 Sunset Bronson (2) — 77,698 32,374 11,682 122 77,698 44,178 121,876 (13,743 ) Various 2008 Total $ 635,003 $ 620,805 $ 1,286,510 $ 247,370 $ 16,610 $ 620,805 $ 1,550,490 $ 2,171,295 $ (134,657 ) Real estate held for sale: First Financial 42,449 8,115 52,137 8,194 — 8,115 60,331 68,446 (7,904 ) 1986 2010 $ 677,452 $ 628,920 $ 1,338,647 $ 255,564 $ 16,610 $ 628,920 $ 1,610,821 $ 2,239,741 $ (142,561 ) ______________________________ (1) These properties are secured under our line of credit, which, as of December 31, 2014 , has an outstanding balance of $130,000 . (2) Effective August 22, 2013, the terms of this loan were amended to increase the outstanding balance from $92,000 to $97,000 , reduce the interest rate from LIBOR plus 3.50% to LIBOR plus 2.25% , and extend the maturity date from February 11, 2016 to February 11, 2018. (3) The Company computes depreciation using the straight-line method over the estimated useful lives of 39 years for building and improvements, 15 years for land improvements, and over the shorter of asset life or life of the lease for tenant improvements. The aggregate gross cost of property included above for federal income tax purposes approximated $2.2 billion , unaudited as of December 31, 2014 . The following table reconciles the historical cost of total real estate held for investment and accumulated depreciation from January 1, 2012 to December 31, 2014 : Year Ended December 31, 2014 2013 2012 Total Investment in real estate, beginning of year $ 2,035,330 $ 1,475,955 $ 1,060,504 Additions during period: Acquisitions 114,008 538,322 390,370 Improvements, capitalized costs 128,018 89,707 27,901 Total additions during period 242,026 628,029 418,271 Deductions during period Disposal (fully depreciated assets and early terminations) (23,977 ) (9,638 ) (2,820 ) Cost of property sold (13,638 ) (59,016 ) — Total deductions during period (37,615 ) (68,654 ) (2,820 ) Ending balance, before reclassification to assets associated with real estate held for sale 2,239,741 2,035,330 1,475,955 Reclassification to assets associated with real estate held for sale (68,446 ) (82,305 ) — Total Investment in real estate, end of year $ 2,171,295 $ 1,953,025 $ 1,475,955 Total accumulated depreciation, beginning of year $ (116,342 ) $ (85,184 ) $ (53,329 ) Additions during period: Depreciation of real estate (50,044 ) (41,454 ) (34,675 ) Total additions during period (50,044 ) (41,454 ) (34,675 ) Deductions during period: Deletions 22,310 4,837 2,820 Write-offs due to sale 1,515 5,459 — Total deductions during period 23,825 10,296 2,820 Ending balance, before reclassification to assets associated with real estate held for sale (142,561 ) (116,342 ) $ (85,184 ) Reclassification to assets associated with real estate held for sale 7,904 7,931 — Total accumulated depreciation, end of year $ (134,657 ) $ (108,411 ) $ (85,184 )

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2014
Mortgage Loans on Real Estate [Abstract]
Mortgage Loans on Real Estate, by Loan Disclosure	Schedule IV - Mortgage Loan on Real Estate December 31, 2014 (In thousands) Description Interest Rate Final Maturity Date Periodic Payment Terms Prior Liens Face Amount of Mortgage Carrying Amount of Mortgage Principal Amount of Loans Subject to Delinquent Principal or Interest Subordinated debt: Office - Los Angeles, CA 11% 8/18/2016 Interest Only — $ 28,528 $ 28,268 — Total $ 28,528 $ 28,268

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Use of Estimates	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 on-going 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.
Investment in Real Estate Properties	Investment in Real Estate Properties The properties are carried at cost less accumulated depreciation and amortization. The Company assigns the cost of an acquisition, including the assumption of liabilities, to the acquired tangible assets and identifiable intangible assets and liabilities based on their estimated fair values in accordance with GAAP. The Company assesses fair value based on estimated cash flow projections that utilize discount and/or capitalization rates and available market information. 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. Acquisition-related expenses associated with acquisition of operating properties are expensed in the period incurred. The Company records acquired “above and below” market leases at fair value using 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 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, legal and other related costs. The Company capitalizes direct construction and development costs, including predevelopment costs, interest, property taxes, insurance and other costs directly related and essential to the acquisition, development or construction of a real estate project. Indirect development costs, including salaries and benefits, office rent, and associated costs for those individuals directly responsible for and who spend their time on development activities are also capitalized and allocated to the projects to which they relate. Capitalized personnel costs were approximately $3.1 million and $1.9 million for the years ended December 31, 2014 and 2013 , respectively. Interest is capitalized on the construction in progress at a rate equal to the Company’s weighted average cost of debt. Capitalized interest was approximately $6.9 million and $4.6 million for the years ended December 31, 2014 and 2013 , respectively. Construction and development costs are capitalized while substantial activities are ongoing to prepare an asset for its intended use. The Company considers a construction project as substantially complete and held available for occupancy upon the completion of tenant improvements but no later than one year after cessation of major construction activity. Costs incurred after a project is substantially complete and ready for its intended use, or after development activities have ceased, are expensed as they are incurred. Costs previously capitalized related to abandoned acquisitions or developments are charged to earnings. Expenditures for repairs and maintenance are expensed as they are incurred.
Depreciation	The Company computes depreciation using the straight-line method over the estimated useful lives of 39 years for building and improvements, 15 years for land improvements, 5 or 7 years for furniture and fixtures and equipment, and over the shorter of asset life or life of the lease for tenant improvements. Above- and below-market lease intangibles are amortized to revenue over the remaining non-cancellable lease terms and bargain renewal periods, if applicable. Other in-place lease intangibles are amortized to expense over the remaining non-cancellable lease term. Depreciation is discontinued when a property is identified as held for sale.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company assesses the carrying value of real estate assets and related intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable in accordance with GAAP. Impairment losses are recorded on real estate assets held for investment when indicators of impairment are present and the future undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. The Company recognizes impairment losses to the extent the carrying amount exceeds the fair value of the properties. Properties held for sale are recorded at the lower of cost or estimated fair value less cost to sell.
Goodwill	Goodwill Goodwill represents the excess of acquisition cost over the fair value of net tangible and identifiable intangible assets acquired and liabilities assumed in business combinations. Our goodwill balance as of December 31, 2014 and 2013 , respectively, was $8.8 million . We do not amortize this asset but instead analyze it on an annual basis for impairment.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are defined as cash on hand and in banks, plus all short-term investments with a maturity of three months or less when purchased. The Company maintains some of its cash in bank deposit accounts that, at times, may exceed the federally insured limit. No losses have been experienced related to such accounts.
Restricted Cash	Restricted Cash Restricted cash consists of amounts held by lenders to provide for future real estate taxes and insurance expenditures, repairs and capital improvements reserves, general and other reserves and security deposits.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable consist of amounts due for monthly rents and other charges. The Company maintains an allowance for doubtful accounts for estimated losses resulting from tenant defaults or the inability of tenants to make contractual rent and tenant recovery payments. The Company monitors the liquidity and creditworthiness of its tenants and operators on an ongoing basis. This evaluation considers industry and economic conditions, property performance, credit enhancements and other factors. For straight-line rent amounts, the Company’s assessment is based on amounts estimated to be recoverable over the term of the lease. At December 31, 2014 and 2013 , respectively, the Company has reserved $0.6 million and $0.3 million of straight-line receivables. The Company evaluates the collectability of accounts receivable based on a combination of factors. The allowance for doubtful accounts is based on specific identification of uncollectible accounts and the Company’s historical collection experience. The Company recognizes an allowance for doubtful accounts based on the length of time the receivables are past due, the current business environment and the Company’s historical experience. Historical experience has been within management’s expectations.
Revenue Recognition	Revenue Recognition The Company recognizes rental revenue from tenants on a straight-line basis over the lease term when collectability is reasonably assured and the tenant has taken possession or controls the physical use of the leased asset. If the lease provides for tenant improvements, the Company determines whether the tenant improvements, for accounting purposes, are owned by the tenant or the Company. When the Company is the owner of the tenant improvements, the tenant is not considered to have taken physical possession or have control of the physical use of the leased asset until the tenant improvements are substantially completed. When the tenant is the owner of the tenant improvements, any tenant improvement allowance that is funded is treated as a lease incentive and amortized as a reduction of revenue over the lease term. Tenant improvement ownership is determined based on various factors including, but not limited to: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. Certain leases provide for additional rents contingent upon a percentage of the tenant’s revenue in excess of specified base amounts or other thresholds. Such revenue is recognized when actual results reported by the tenant, or estimates of tenant results, exceed the base amount or other thresholds. Such revenue is recognized only after the contingency has been removed (when the related thresholds are achieved), which may result in the recognition of rental revenue in periods subsequent to when such payments are received. Other property-related revenue is revenue that is derived from the tenants’ use of lighting, equipment rental, parking, power, HVAC and telecommunications (phone and Internet). Other property-related revenue is recognized when these items are provided. Tenant recoveries related to reimbursement of real estate taxes, insurance, repairs and maintenance, and other operating expenses are recognized as revenue in the period during which the applicable expenses are incurred. The reimbursements are recognized and presented gross, as the Company is generally the primary obligor with respect to purchasing goods and services from third-party suppliers, has discretion in selecting the supplier and bears the associated credit risk. The Company recognizes gains on sales of properties upon the closing of the transaction with the purchaser. Gains on properties sold are recognized using the full accrual method when (i) the collectability of the sales price is reasonably assured, (ii) the Company is not obligated to perform significant activities after the sale, (iii) the initial investment from the buyer is sufficient and (iv) other profit recognition criteria have been satisfied. Gains on sales of properties may be deferred in whole or in part until the requirements for gain recognition have been met.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are amortized over the term of the respective loan.
Derivative Financial Instruments	Derivative Financial Instruments The Company manages interest rate risk associated with borrowings by entering into interest rate derivative contracts. The Company recognizes all derivatives on the consolidated balance sheet at fair value. Derivatives that are not hedges are adjusted to fair value and the changes in fair value are reflected as income or expense. If the derivative is a hedge, depending on the nature of the hedge, changes in the fair value of derivatives are either offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income (loss), which is a component of equity. The ineffective portion of a derivative’s change in fair value is immediately recognized in earnings.
Stock Based Compensation	Stock-Based Compensation Accounting Standard Codification, or ASC, Topic 718, Compensation—Stock Compensation (referred to as ASC Topic 718), requires us to recognize an expense for the fair value of equity-based compensation awards. Grants of stock options, restricted stock, restricted stock units and performance units under our equity incentive award plans are accounted for under ASC Topic 718.
Income Taxes	Income Taxes Our property-owning subsidiaries are limited liability companies and are treated as pass-through entities or disregarded entities (or, in the case of the entity that owns the 1455 Market Street property, a REIT) 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. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) commencing with our taxable year ended December 31, 2010. To qualify as a REIT, we are required to distribute at least 90% of our net taxable income, excluding net capital gains, to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. Provided that we continue to qualify for taxation as a REIT, we are generally not subject to corporate level income tax on the earnings distributed currently to our stockholders. If we fail to qualify as a REIT in any taxable year, and are unable to avail ourselves of certain savings provisions set forth in the Code, all of our taxable income would be subject to federal income tax at regular corporate rates, including any applicable alternative minimum tax. We have elected, together with one of our subsidiaries, to treat such subsidiary as a taxable REIT subsidiary (“TRS”) for federal income tax purposes. Certain activities that we may undertake, such as non-customary services for our tenants and holding assets that we cannot hold directly, will be conducted by a TRS. A TRS is subject to federal and, where applicable, state income taxes on its net income. The Company is subject to the statutory requirements of the states in which it conducts business. 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 December 31, 2014 , the Company has not established a liability for uncertain tax positions.
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities Under GAAP, the Company is required to measure certain financial instruments at fair value on a recurring basis. In addition, the Company is required to measure other financial instruments and balances at fair value on a non-recurring basis (e.g., carrying value of impaired real estate and long-lived assets). Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. 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 requires inputs that are both significant to the fair value measurement and unobservable. When available, the Company utilizes quoted market prices from an independent third-party source to determine fair value and classifies such items in Level 1 or Level 2. In instances where the market for a financial instrument is not active, regardless of the availability of a nonbinding quoted market price, observable inputs might not be relevant and could require the Company to make a significant adjustment to derive a fair value measurement. Additionally, in an inactive market, a market price quoted from an independent third party may rely more on models with inputs based on information available only to that independent third party. When the Company determines the market for a financial instrument owned by the Company to be illiquid or when market transactions for similar instruments do not appear orderly, the Company uses several valuation sources (including internal valuations, discounted cash flow analysis and quoted market prices) and establishes a fair value by assigning weights to the various valuation sources. Changes in assumptions or estimation methodologies can have a material effect on these estimated fair values. In this regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, may not be realized in an immediate settlement of the instrument. The Company considers the following factors to be indicators of an inactive market: (i) there are few recent transactions, (ii) price quotations are not based on current information, (iii) price quotations vary substantially either over time or among market makers (for example, some brokered markets), (iv) indexes that previously were highly correlated with the fair values of the asset or liability are demonstrably uncorrelated with recent indications of fair value for that asset or liability, (v) there is a significant increase in implied liquidity risk premiums, yields, or performance indicators (such as delinquency rates or loss severities) for observed transactions or quoted prices when compared with the Company’s estimate of expected cash flows, considering all available market data about credit and other nonperformance risk for the asset or liability, (vi) there is a wide bid-ask spread or significant increase in the bid-ask spread, (vii) there is a significant decline or absence of a market for new issuances (that is, a primary market) for the asset or liability or similar assets or liabilities, and (viii) little information is released publicly (for example, a principal-to-principal market). The Company considers the following factors to be indicators of non-orderly transactions: (i) there was not adequate exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities under current market conditions, (ii) there was a usual and customary marketing period, but the seller marketed the asset or liability to a single market participant, (iii) the seller is in or near bankruptcy or receivership (that is, distressed), or the seller was required to sell to meet regulatory or legal requirements (that is, forced), and (iv) the transaction price is an outlier when compared with other recent transactions for the same or similar assets or liabilities. The Company’s interest rate contract agreements are classified as Level 2 and their fair value is derived from estimated values obtained from observable market data for similar instruments.
Recently Issued Accounting Literature	Recently Issued Accounting Literature Changes to GAAP are established by the FASB in the form of ASUs. We consider the applicability and impact of all ASUs. Recently issued ASUs not listed below are not expected to have a material impact on our consolidated financial position and results of operations, because either the ASU is not applicable or the impact is expected to be immaterial. On June 19, 2014, the FASB issued their final standard to amend the accounting guidance for stock compensation tied to performance targets (ASU No. 2014-12). The issue is the result of a consensus of the FASB Emerging Issues Task Force (Issue No. 13-D). The standard requires that a performance target that could be achieved after the requisite service period be treated as a performance condition, and as a result, this type of performance condition may delay expense recognition until achievement of the performance target is probable. The ASU is effective for all entities for reporting periods (including interim periods) beginning after December 15, 2015, and early adoption is permitted. The Company will adopt the guidance effective January 1, 2016 and the guidance is not expected to have a material impact on our consolidated financial statements or notes to our consolidated financial statements. On May 28, 2014, the FASB issued their final standard on revenue from contracts with customers. The guidance specifically notes that lease contracts with customers are a scope exception. The standard (ASU No. 2014-09) outlines a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers. The ASU is effective for annual reporting periods (including interim periods) beginning after December 15, 2016, and early adoption is not permitted. The Company will adopt the guidance effective January 1, 2017 and is currently assessing the impact on our consolidated financial statements and notes to our consolidated financial statements. On April 10, 2014, the FASB issued final guidance to change the criteria for reporting discontinued operations while enhancing disclosures in this area (ASU No. 2014-08). Under the new guidance, only disposals representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. The guidance also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. The guidance will be applied prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. The guidance is effective for annual financial statements with fiscal years beginning on or after December 15, 2014 with early adoption permitted for disposals or classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. As of January 1, 2014, we have early adopted the amended guidance and it resulted in the sale of Tierrasanta and the First Financial properties held for sale, not meeting the definition of a discontinued operation. As a result, the Company did not reclassify the properties' operations including the $5.5 million gain on sale of real estate into discontinued operations for the years ended December 31, 2014 , 2013 and 2012 .

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Accounts Receivable Net of Allowance for Uncollectible Tenant Receivables	The following summarizes our accounts receivable net of allowance for doubtful accounts as of: December 31, 2014 December 31, 2013 Accounts receivable $ 17,287 $ 9,898 Allowance for doubtful accounts (1,040 ) (1,036 ) Accounts receivable, net $ 16,247 $ 8,862
Schedule of Interest Rate Derivatives	As of December 31, 2014 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivative Number of Instruments Notional Amount Interest Rate Caps 2 $92.0 million Interest Rate Swaps 1 $64.5 million
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2014 and 2013 . The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the consolidated balance sheets. Asset Derivatives Liability Derivatives Fair Value as of Fair Value as of Balance Sheet Location December 31, 2014 December 31, 2013 Balance Sheet Location December 31, 2014 December 31, 2013 Derivatives designated as hedging instruments: Interest rate products Interest rate contracts $ 3 $ 192 Interest rate contracts $ 1,750 — Total $ 3 $ 192 1,750 —
Schedule of Derivative Instruments, Gain (Loss) on the Income Statement	The tables below present the effect of the Company’s derivative financial instruments on the Statement of Operations for the years ended December 31, 2014 and 2013 . Year Ended December 31, 2014 2013 2012 Beginning Balance of OCI related to interest rate contracts $ 1,162 $ 1,465 $ 1,036 Unrealized Loss Recognized in OCI Due to Change in Fair Value of interest rate contracts 1,939 (121 ) 457 Loss Reclassified from OCI into Income (as Interest Expense) (440 ) (182 ) (28 ) Net Change in OCI $ 1,499 $ (303 ) $ 429 Ending Balance of Accumulated OCI Related to Derivatives $ 2,661 $ 1,162 $ 1,465 Allocation of OCI, non-controlling interests (218 ) (165 ) (178 ) Accumulated other comprehensive deficit $ 2,443 $ 997 $ 1,287

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of Real Estate Investment Property	A summary of the activity of our investment in real estate including investment in real estate held for sale (First Financial, Tierrasanta and City Plaza) is as follows: Year Ended Year Ended Year Ended Investment in real estate Beginning balance $ 2,035,330 $ 1,475,955 $ 1,060,504 Acquisitions 114,008 538,322 390,370 Improvements, capitalized costs 128,018 89,707 27,901 Disposal (37,615 ) (9,638 ) (2,820 ) Cost of property sold — (59,016 ) — Ending Balance $ 2,239,741 $ 2,035,330 $ 1,475,955 Reclassification to assets associated with real estate held for sale (68,446 ) (82,305 ) — Total Investment in real estate $ 2,171,295 $ 1,953,025 $ 1,475,955 Accumulated depreciation Beginning balance $ (116,342 ) $ (85,184 ) $ (53,329 ) Additions (50,044 ) (41,454 ) (34,675 ) Deletions 23,825 10,296 2,820 Ending Balance $ (142,561 ) $ (116,342 ) $ (85,184 ) Reclassification to assets associated with real estate held for sale 7,904 7,931 — Total Accumulated depreciation $ (134,657 ) $ (108,411 ) $ (85,184 )
Schedule of Business Acquisitions, by Acquisition	During 2014, we acquired the following properties: Merrill Place, 3402 Pico Blvd., and 12655 Jefferson. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price accounting for each of these acquisitions: Merrill Place 3402 Pico Blvd. 12655 Jefferson Date of Acquisition February 12, 2014 February 28, 2014 October 17, 2014 Total Consideration paid Cash consideration $ 57,034 $ 18,546 $ 38,000 $ 113,580 Total consideration $ 57,034 $ 18,546 $ 38,000 $ 113,580 Allocation of consideration paid Investment in real estate, net $ 57,508 $ 18,500 $ 38,000 $ 114,008 Above-market leases 173 — — 173 Deferred leasing costs and lease intangibles, net 3,163 — — 3,163 Below-market leases (3,315 ) — — (3,315 ) Other (liabilities) asset assumed, net (495 ) 46 — (449 ) Total consideration paid $ 57,034 $ 18,546 $ 38,000 $ 113,580 During 2013, we acquired the following properties: 3401 Exposition, Pinnacle II, the Seattle Portfolio, and 1861 Bundy. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price accounting for each of these acquisitions: 3401 Exposition Pinnacle II Seattle Portfolio 1861 Bundy Date of Acquisition May 22, 2013 June 14, 2013 July 31, 2013 September 26, 2013 Total Consideration paid Cash consideration $ 8,489 $ 1,505 $ 368,389 $ 11,500 $ 389,883 Notes Receivable 4,000 — — — 4,000 Debt Assumed 13,233 89,066 — — 102,299 Non-controlling interest in consolidated real estate entity — 45,704 — — 45,704 Total consideration $ 25,722 $ 136,275 $ 368,389 $ 11,500 $ 541,886 Allocation of consideration paid Investment in real estate, net $ 25,439 $ 134,289 $ 367,094 $ 11,500 $ 538,322 Deferred leasing costs and lease intangibles, net — 12,637 21,619 — 34,256 Fair market unfavorable debt value — (5,820 ) — — (5,820 ) Below-market leases — (7,783 ) (14,666 ) — (22,449 ) Other (liabilities) asset assumed, net 283 2,952 (5,658 ) — (2,423 ) Total consideration paid $ 25,722 $ 136,275 $ 368,389 $ 11,500 $ 541,886 During 2012, we acquired the following properties: 10900 Washington, 901 Market Street, Element LA (Olympic Bundy), 1455 Gordon Street and Pinnacle I. The results of operations for each of these acquisitions are included in our consolidated statements of operations from the date of acquisition. The following table represents our purchase price accounting for each of these acquisitions: 10900 Washington 901 Market Element LA 1455 Gordon Street Pinnacle I Date of Acquisition April 5, 2012 June 1, 2012 September 5, 2012 September 21, 2012 November 8, 2012 Total Consideration paid Cash consideration $ 2,605 $ 90,871 $ 88,436 $ 2,385 $ 208,023 $ 392,320 Non-controlling interest in consolidated real estate entity — — — — 1,481 1,481 Total consideration $ 2,605 $ 90,871 $ 88,436 $ 2,385 $ 209,504 $ 393,801 Allocation of consideration paid Investment in real estate, net $ 2,600 $ 97,187 $ 88,024 $ 2,384 $ 200,175 $ 390,370 Above-market leases — — — — 167 167 Leases in place — 2,968 1,325 96 11,710 16,099 Other lease intangibles — 548 46 22 3,456 4,072 Below-market leases — (10,249 ) (666 ) (27 ) (5,076 ) (16,018 ) Other (liabilities) asset assumed, net 5 417 (293 ) (90 ) (928 ) (889 ) Total consideration paid $ 2,605 $ 90,871 $ 88,436 $ 2,385 $ 209,504 $ 393,801
Business Acquisition, Pro Forma Information	The table below shows the pro forma financial information for the years ended December 31, 2014 and 2013 as if these properties had been acquired as of January 1, 2013 . Year Ended December 31, 2014 2013 Total revenues $ 253,924 $ 224,102 Net loss $ 23,540 $ (5,620 )
Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of Real Estate Held for Sale	The following table sets forth the discontinued operations for the years ended December 31, 2014 , 2013 and 2012 for the City Plaza: Year Ended December 31, 2014 2013 2012 Total office revenues $ — $ 4,321 $ 5,695 Office operating expenses (164 ) (1,961 ) (2,978 ) Depreciation and amortization — (789 ) (2,266 ) Income from discontinued operations $ (164 ) $ 1,571 $ 451
Disposal Group, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Schedule of Real Estate Held for Sale	The following table summarizes the components that comprise the assets and liabilities associated with real estate held for sale as of December 31, 2014 and 2013 : Year Ended December 31, 2014 2013 ASSETS Investment in real estate, net $ 60,542 $ 74,374 Restricted cash 2,839 2,821 Straight-line rent receivables 2,151 1,997 Deferred leasing costs and lease intangibles, net 2,457 3,693 Other 545 360 Assets associated with real estate held for sale $ 68,534 $ 83,245 LIABILITIES AND EQUITY Liabilities: Notes payable $ 42,449 $ 43,000 Accounts payable and accrued liabilities 322 1,393 Other 443 731 Liabilities associated with real estate held for sale 43,214 45,124 Equity 25,320 38,121 Total liabilities and equity associated with real estate held for sale $ 68,534 $ 83,245

Deferred Leasing Costs and Le28

Deferred Leasing Costs and Lease Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets and Liabilities	The following summarizes our deferred leasing costs and lease intangibles as of: December 31, December 31, Above-market leases $ 10,891 $ 14,869 Leases in place 60,130 83,793 Below-market ground leases 7,513 7,513 Other lease intangibles 26,731 35,651 Lease buy-out costs 4,597 3,107 Deferred leasing costs 38,912 28,270 $ 148,774 $ 173,203 Accumulated amortization (46,751 ) (64,801 ) Deferred leasing costs and lease intangibles, net $ 102,023 $ 108,402 Below-market leases 57,420 67,284 Accumulated accretion (16,451 ) (22,100 ) Below-market leases, net $ 40,969 $ 45,184
Schedule of Future Amortization Expense	As of December 31, 2014 , the estimated aggregate amortization of deferred leasing costs and lease intangible assets, net for each of the next five years and thereafter are as follows: Year ended Deferred leasing costs and lease intangibles, net 2015 $ 19,096 2016 17,289 2017 14,087 2018 12,334 2019 10,976 Thereafter 28,241 $ 102,023
Schedule of Estimated Amortization Income	As of December 31, 2014 the estimated amortization of below-market leases, net for each of the next five years and thereafter are as follows: Year ended Below Market Lease 2015 $ 7,158 2016 6,798 2017 6,334 2018 5,609 2019 5,311 Thereafter 9,759 $ 40,969

Prepaid Expense and Other Ass29

Prepaid Expense and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of Prepaid Expenses and Other Assets	Prepaid expenses and other assets consisted of the following as of: December 31, 2014 December 31, 2013 Prepaid insurance $ 3,025 $ 2,677 Prepaid property taxes 427 5 Corporate furniture, fixtures and equipment, net of accumulated depreciation of $207 and $629 respectively 1,405 490 Trade name, net of accumulated amortization of $751 and $649, respectively 271 372 Other 1,564 1,626 Reclassification to assets associated with real estate held for sale — (76 ) $ 6,692 $ 5,094

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table sets forth information as of December 31, 2014 with respect to our outstanding indebtedness (in thousands). Outstanding as of Debt December 31, 2014 December 31, 2013 Interest Rate (1) Maturity Date Unsecured revolving credit facility - new $ 130,000 $ — LIBOR+1.15% to 1.55% 9/23/2018 Unsecured revolving credit facility — 155,000 LIBOR+1.55% to 2.20% N/A Unsecured term loan 150,000 — LIBOR+1.30% to 1.90% 9/23/2019 Mortgage loan secured by 3401 Exposition Boulevard (2) — 13,233 LIBOR+3.80% N/A Mortgage loan secured by 6922 Hollywood Boulevard (3) — 40,396 5.58% N/A Mortgage loan secured by 275 Brannan 15,000 15,000 LIBOR+2.00% 10/5/2015 Mortgage loan secured by Pinnacle II (4) 87,421 88,540 6.313% 9/6/2016 Mortgage loan secured by 901 Market (5) 49,600 49,600 LIBOR+2.25% 10/31/2016 Mortgage loan secured by Element LA (6) 59,490 566 LIBOR+1.95% 11/1/2017 Mortgage loan secured by Sunset Gower/Sunset Bronson (7) 97,000 97,000 LIBOR+2.25% 2/11/2018 Mortgage loan secured by Rincon Center (8) 104,126 105,853 5.134% 5/1/2018 Mortgage loan secured by First & King (9) — 95,000 LIBOR+1.60% N/A Mortgage loan secured by Met Park North (10) 64,500 64,500 LIBOR+1.55% 8/1/2020 Mortgage loan secured by 10950 Washington (11) 28,866 29,300 5.316% 3/11/2022 Mortgage loan secured by Pinnacle I (12) 129,000 129,000 3.954% 11/7/2022 Subtotal $ 915,003 $ 882,988 Unamortized loan premium, net (13) 3,056 5,320 Total $ 918,059 $ 888,308 Mortgage loan on real estate held for sale: Mortgage loan secured by First Financial (14) $ 42,449 $ 43,000 4.580% 2/1/2022 $ 960,508 $ 931,308 __________________ (1) Interest rate with respect to indebtedness is calculated on the basis of a 360 -day year for the actual days elapsed, excluding the amortization of loan fees and costs. (2) This loan was assumed on May 22, 2013 in connection with the closing of our acquisition of the 3401 Exposition Boulevard property. This loan was paid off during 2014. (3) This loan was assumed on November 22, 2011 in connection with the closing of our acquisition of the 6922 Hollywood Boulevard property. This loan was paid off during 2014. (4) This loan was assumed on June 14, 2013 in connection with the contribution of the Pinnacle II building to the Company’s joint venture with M. David Paul & Associates/Worthe Real Estate Group. This loan bore interest only for the first five years. Beginning with the payment due October 6, 2011, monthly debt service includes annual debt amortization payments based on a 30 -year amortization schedule. (5) On October 29, 2012, we obtained a loan for our 901 Market property pursuant to which we borrowed $49.6 million upon closing, with the ability to draw up to an additional $11.9 million for budgeted base building, tenant improvements, and other costs associated with the renovation and lease-up of that property. (6) On November 24, 2014 we amended our construction loan for Element LA to, among other things, increase availability from $65.5 million to $102.4 million for budgeted site-work, construction of a parking garage, base building, tenant improvement, and leasing commission costs associated with the renovation and lease-up of the property. (7) On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% with respect to $50.0 million of the loan through February 11, 2016. On January 11, 2012 we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through February 11, 2016. Effective August 22, 2013, the terms of this loan were amended to increase the outstanding balance from $92.0 million to $97.0 million , reduce the interest rate from LIBOR plus 3.50% to LIBOR plus 2.25% , and extend the maturity date from February 11, 2016 to February 11, 2018. (8) This loan is amortizing based on a 30 -year amortization schedule. (9) This loan was paid off during 2014. (10) This loan bears interest only at a rate equal to one-month LIBOR plus 1.55% . The full loan amount is subject to an interest rate contract that swapped one-month LIBOR to a fixed rate of 2.1644% through the loan's maturity on August 1, 2020. (11) This loan is amortizing based on a 30 -year amortization schedule. (12) 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. (13) Represents unamortized amount of the non-cash mark-to-market adjustment on debt associated with Pinnacle II. (14) Beginning with the payment made March 1, 2014, monthly debt service includes principal payments based on a 30-year amortization schedule, for total annual debt service of $2.6 million . This note has been recorded as part of the liabilities associated with real estate held for sale (see note 3).
Schedule of Maturities of Long-term Debt	The minimum future annual principal payments due on our secured and unsecured notes payable at December 31, 2014 , excluding the non-cash loan premium amortization and the $42.4 million mortgage loan secured by First Financial, were as follows (in thousands): Year ended Annual Principal Payments 2015 $ 18,323 2016 138,199 2017 62,195 2018 328,320 2019 152,885 Thereafter 215,081 Total $ 915,003

Future Minimum Base Rents and31

Future Minimum Base Rents and Future Minimum Lease Payments (Tables)	12 Months Ended
	Dec. 31, 2014
Future Minimum Base Rents and Lease Payments Future Minimum Rents [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The table below does not include rents under leases at our media and entertainment properties with terms of one year or less. Future minimum base rents under our operating leases in each of the next five years and thereafter are as follows (in thousands): Year Ended Non-cancelable Subject to early termination options Total 2015 $ 170,355 $ 826 $ 171,181 2016 168,323 3,437 171,760 2017 152,138 6,971 159,109 2018 139,835 9,628 149,463 2019 123,690 10,749 134,439 Thereafter 539,180 19,527 558,707 Total $ 1,293,521 $ 51,138 $ 1,344,659
Schedule of Future Minimum Lease Payments	The following table provides information regarding our future minimum lease payments at December 31, 2014 under these lease agreements. Year Ended Future Minimum Lease Payments 2015 $ 1,417 2016 1,417 2017 1,417 2018 1,417 2019 1,417 Thereafter 49,408 Total $ 56,493

Fair Value of Financial Instr32

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The estimated fair values of interest-rate contract/cap arrangements were derived from estimated values based on observable market data for similar instruments. December 31, 2014 December 31, 2013 Carrying Value Fair Value Carrying Value Fair Value Notes payable $ 960,508 $ 969,259 $ 931,308 $ 940,435 Notes receivable 28,268 28,268 — — Derivative assets, disclosed as “Interest rate contracts” 3 3 192 192 Derivative liabilities, disclosed as “Interest rate contracts” 1,750 1,750 — —

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Schedule of Dividends	The Company’s dividends related to its common stock (CUSIP #444097109) and described above under “Dividends,” will be classified for United States federal income tax purposes as follows (unaudited): Ordinary Dividends Record Date Payment Date Distributions per Share Total Non-qualified Qualified Return of Capital 3/21/2014 3/31/2014 $ 0.12500 $ 0.05647 $ 0.05647 $ — $ 0.06853 6/20/2014 6/30/2014 0.12500 0.05647 0.05647 — 0.06853 9/20/2014 9/30/2014 0.12500 0.05647 0.05647 — 0.06853 12/19/2014 12/30/2014 0.12500 0.05647 0.05647 — 0.06853 Total $ 0.50000 $ 0.22588 $ 0.22588 $ — $ 0.27412 100 % 45.176 % 54.824 % The Company’s dividends related to its 8.375% Series B Cumulative Preferred Stock (CUSIP #444097208) and described above under “Dividends,” will be classified for United States federal income tax purposes as follows (unaudited): Ordinary Dividends Record Date Payment Date Distributions per Share Total Non-qualified Qualified 3/21/2014 3/31/2014 $ 0.52344 $ 0.52344 $ 0.52344 $ — 6/20/2014 6/30/2014 0.52344 0.52344 0.52344 — 9/20/2014 9/30/2014 0.52344 0.52344 0.52344 — 12/19/2014 12/30/2014 0.52344 0.52344 0.52344 — Total $ 2.09376 $ 2.09376 $ 2.09376 $ —
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes the restricted share activity for the year ended December 31, 2014 and status of all unvested restricted share awards to our non-employee board members and employees at December 31, 2014 : Non-vested Shares Shares Weighted-Average Grant-Date Fair Value Balance at December 31, 2012 632,344 $ 17.12 Granted 263,039 22.16 Vested (350,788 ) 16.50 Canceled (3,415 ) 16.09 Balance at December 31, 2013 541,180 $ 19.98 Granted 281,491 29.38 Vested (275,051 ) 16.83 Canceled (3,913 ) 20.44 Balance at December 31, 2014 543,707 $ 26.43 Year Ended December 31, Non-Vested Shares Issued Weighted Average Grant - dated Fair Value Vested Shares Total Vest-Date Fair Value (in thousands) 2014 281,491 $ 29.38 (275,051 ) $ 9,794 2013 263,039 22.16 (350,788 ) 7,664 2012 268,060 20.33 (262,908 ) 5,096

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summary information for the reportable segments for the year ended December 31, 2014 is as follows: Office Properties Media and Entertainment Properties Total Revenue $ 213,786 $ 39,629 $ 253,415 Operating expenses 78,372 25,897 104,269 Net operating income $ 135,414 $ 13,732 $ 149,146 Summary information for the reportable segments for the year ended December 31, 2013 is as follows: Office Properties Media and Entertainment Properties Total Revenue $ 165,441 $ 40,117 $ 205,558 Operating expenses 63,434 24,149 87,583 Net operating income $ 102,007 $ 15,968 $ 117,975 Summary information for the reportable segments for the year ended December 31, 2012 is as follows: Office Properties Media and Entertainment Properties Total Revenue $ 120,328 $ 40,133 $ 160,461 Operating expenses 50,599 24,340 74,939 Net operating income $ 69,729 $ 15,793 $ 85,522
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following is reconciliation from NOI to reported net income, the most direct comparable financial measure calculated and presented in accordance with GAAP: December 31, 2014 December 31, 2013 December 31, 2012 Net operating income $ 149,146 $ 117,975 $ 85,522 General and administrative (28,253 ) (19,952 ) (16,497 ) Depreciation and amortization (72,216 ) (70,063 ) (54,758 ) Interest expense (25,932 ) (25,470 ) (19,071 ) Interest income 30 272 306 Acquisition-related expenses (4,641 ) (1,446 ) (1,051 ) Other expense 14 99 92 Income (loss) from continuing operations before gain on sale of real estate $ 18,148 $ 1,415 $ (5,457 )

Quarterly Financial Informati35

Quarterly Financial Information (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Three months ended December 31, 2014 September 30, 2014 June 30, 2014 March 31, 2014 Total revenues $ 68,787 $ 68,155 $ 62,129 $ 55,596 Income from operations 11,640 12,622 13,195 11,220 Net (loss) income from discontinued operations — (38 ) (60 ) (66 ) Net income (loss) 885 11,415 6,689 4,533 Net (loss) income attributable to Hudson Pacific Properties, Inc. stockholders’ $ (2,290 ) $ 7,620 $ 3,365 $ 1,260 Net loss (income) from continuing operations attributable to common stockholders’ per share— basic and diluted $ (0.03 ) $ 0.11 $ 0.05 $ 0.02 Net (loss) income from discontinued operations per share— basic and diluted $ — $ — $ — $ — Net loss attributable to common stockholders’ per share— basic and diluted $ (0.03 ) $ 0.11 $ 0.05 $ 0.02 Weighted average shares of common stock outstanding— basic and diluted 66,512,651 66,506,179 66,485,639 63,625,751 Three months ended December 31, 2013 September 30, 2013 June 30, 2013 March 31, 2013 Total revenues $ 57,417 $ 53,348 $ 47,390 $ 47,403 Income from operations 10,407 5,170 7,314 3,668 Net (loss) income from discontinued operations (37 ) (155 ) (4,552 ) 735 Net income (loss) 3,269 (2,752 ) (3,428 ) 317 Net loss attributable to Hudson Pacific Properties, Inc. stockholders’ $ (83 ) $ (5,694 ) $ (6,184 ) $ (2,872 ) Net loss (income) from continuing operations attributable to common stockholders’ per share— basic and diluted $ — $ (0.10 ) $ (0.03 ) $ (0.07 ) Net (loss) income from discontinued operations per share— basic and diluted $ — $ — $ (0.08 ) $ 0.01 Net loss attributable to common stockholders’ per share— basic and diluted $ — $ (0.10 ) $ (0.11 ) $ (0.06 ) Weighted average shares of common stock outstanding — basic and diluted 56,271,285 56,144,099 56,075,747 52,184,280

Organization (Details)

Organization (Details)	Dec. 31, 2014property
Office Properties
Business Acquisition
Number of real estate properties	26
Media and Entertainment Properties
Business Acquisition
Number of real estate properties	2

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Narrative (Details)	Aug. 19, 2014USD ($)	Dec. 31, 2014USD ($)interest_rate_contractindicatorpropertysubsidiary	Dec. 31, 2013USD ($)indicatorproperty	Dec. 31, 2012USD ($)	Aug. 14, 2012
Accounting Policies [Line Items]
Commitment fee earned	$ 400,000
Capitalized personnel costs		$ 3,100,000	$ 1,900,000
Capitalized interest		$ 6,900,000	$ 4,600,000
Construction costs capitalization period after substantially complete		1 year
Impairment of Long-Lived Assets
Impairment loss from discontinued operations				$ 0
Number of properties held for sale | property		1	0
Goodwill
Goodwill		$ 8,754,000	$ 8,754,000
Goodwill impairment indicators noted | indicator		0	0
Accounts Receivable and Allowance for Doubtful Accounts
Allowance for doubtful accounts		$ 1,040,000	$ 1,036,000
Bad debt expense (recovery)		(97,000)	959,000	$ 724,000
Notes Receivable
Notes receivable, maximum principal	$ 140,000,000
Notes receivable, share of maximum principal, percentage	23.77%
Notes receivable, share of maximum principal, amount	$ 33,300,000
Notes receivable, gross		28,500,000
Note receivable, interest rate	11.00%
Notes receivable from loan acquired		28,268,000	0
Notes receivable basis points (as a percent)					13.00%
Notes receivable, basis points floor (as a percent)					1.00%
Income Taxes
Income tax expense		$ 0	0
Number of subsidiaries | subsidiary		1
Building Improvements
Accounting Policies [Line Items]
Estimated useful life		39 years
Land Improvements
Accounting Policies [Line Items]
Estimated useful life		15 years
Furniture and Fixtures [Member] | Minimum
Accounting Policies [Line Items]
Estimated useful life		5 years
Furniture and Fixtures [Member] | Maximum
Accounting Policies [Line Items]
Estimated useful life		7 years
Allowance for Straight-Line Receivables [Member]
Accounts Receivable and Allowance for Doubtful Accounts
Allowance for doubtful accounts		$ 600,000	$ 300,000
Cash Flow Hedging [Member]
Derivative Financial Instruments
Number of interest rate contracts | interest_rate_contract		3
Early Adoption of ASU 2014-08 [Member]
Income Taxes
Gain on sale of real estate		$ 5,500,000

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Accounts Receivable Net of Allowance for Uncollectable Tenant Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Accounts receivable	$ 17,287	$ 9,898
Allowance for doubtful accounts	(1,040)	(1,036)
Accounts receivable, net	$ 16,247	$ 8,862

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Interest Rate Derivatives (Details)	Dec. 31, 2014USD ($)instrument	Jan. 11, 2012USD ($)
Derivative
Notional Amount		$ 42,000,000
Interest Rate Caps
Derivative
Number of Instruments | instrument	2
Notional Amount	$ 92,000,000
Interest Rate Swaps
Derivative
Number of Instruments | instrument	1
Notional Amount	$ 64,500,000

Summary of Significant Accoun40

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value
Asset Derivatives	$ 3	$ 192
Liability Derivatives	1,750	0
Interest Rate Contract | Interest Rate Contracts
Derivatives, Fair Value
Asset Derivatives	3	192
Liability Derivatives	$ 1,750	$ 0

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Schedule of Derivative Instruments, Gain (Loss) on the Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other Comprehensive Income [Roll Forward]
Beginning Balance of OCI related to interest rate contracts	$ 1,162	$ 1,465	$ 1,036
Unrealized Loss Recognized in OCI Due to Change in Fair Value of interest rate contracts	1,939	(121)	457
Loss Reclassified from OCI into Income (as Interest Expense)	(440)	(182)	(28)
Net Change in OCI	1,499	(303)	429
Ending Balance of Accumulated OCI Related to Derivatives	2,661	1,162	1,465
Parent [Member]
Other Comprehensive Income [Roll Forward]
Beginning Balance of OCI related to interest rate contracts	997	1,287
Ending Balance of Accumulated OCI Related to Derivatives	2,443	997	1,287
Non-controlling Interest [Member]
Other Comprehensive Income [Roll Forward]
Beginning Balance of OCI related to interest rate contracts	(165)	(178)
Ending Balance of Accumulated OCI Related to Derivatives	$ (218)	$ (165)	$ (178)

Investment in Real Estate - Rea

Investment in Real Estate - Real Estate Investment Property (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011
Investment in real estate
Beginning balance	$ 2,035,330	$ 1,475,955	$ 1,060,504
Acquisitions	114,008	538,322	390,370
Improvements, capitalized costs	128,018	89,707	27,901
Disposal	(37,615)	(9,638)	(2,820)
Cost of property sold	0	(59,016)	0
Ending Balance	2,239,741	2,035,330	1,475,955
Reclassification to assets associated with real estate held for sale			0	$ (68,446)	$ (82,305)
Total real estate held for investment			1,475,955	2,171,295	1,953,025
Reconciliation Of Real Estate Accumulated Depreciation Roll Forward
Beginning balance	(108,411)	(85,184)
Additions	(50,044)	(41,454)	(34,675)
Deletions	23,825	10,296	2,820
Ending Balance			85,184	142,561	116,342	$ 53,329
Reclassification to assets associated with real estate held for sale			0	7,904	7,931
Total Accumulated depreciation	$ (108,411)	$ (85,184)	$ (85,184)	$ (134,657)	$ (108,411)

Investment in Real Estate - Pur

Investment in Real Estate - Purchase Price Allocation for Acquisition (Details) ft² in Millions	Dec. 06, 2014USD ($)ft²property	Oct. 17, 2014USD ($)	Feb. 28, 2014USD ($)	Feb. 12, 2014USD ($)	Sep. 26, 2013USD ($)	Jul. 31, 2013USD ($)	Jun. 14, 2013USD ($)	May. 22, 2013USD ($)	Nov. 08, 2012USD ($)	Sep. 21, 2012USD ($)	Sep. 05, 2012USD ($)	Jun. 02, 2012USD ($)	Apr. 05, 2012USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Consideration paid
Cash consideration														$ 113,580,000	$ 389,883,000	$ 392,320,000
Notes Receivable															4,000,000
Debt Assumed														0	102,299,000	0
Non-controlling interest in consolidated real estate entity														0	45,704,000	1,481,000
Total consideration														113,580,000	541,886,000	393,801,000
Allocation of consideration paid
Investment in real estate, net														114,008,000	538,322,000	390,370,000
Above-market leases														173,000		167,000
Deferred leasing costs and lease intangibles, net														3,163,000	34,256,000
Leases in place																16,099,000
Other lease intangibles																4,072,000
Fair market unfavorable debt value															(5,820,000)
Below-market leases														(3,315,000)	(22,449,000)	(16,018,000)
Other (liabilities) asset assumed, net														(449,000)	(2,423,000)	(889,000)
Total consideration paid														$ 113,580,000	$ 541,886,000	$ 393,801,000
EOP Northern California Portfolio
Consideration paid
Cash consideration	$ 1,750,000,000
Allocation of consideration paid
Area of real estate property | ft²	8.2
Equity consideration	$ 63,474,791
Merrill Place
Consideration paid
Cash consideration				$ 57,034,000
Total consideration				57,034,000
Allocation of consideration paid
Investment in real estate, net				57,508,000
Above-market leases				173,000
Deferred leasing costs and lease intangibles, net				3,163,000
Below-market leases				(3,315,000)
Other (liabilities) asset assumed, net				(495,000)
Total consideration paid				$ 57,034,000
3402 Pico Blvd.
Consideration paid
Cash consideration			$ 18,546,000
Total consideration			18,546,000
Allocation of consideration paid
Investment in real estate, net			18,500,000
Above-market leases			0
Deferred leasing costs and lease intangibles, net			0
Below-market leases			0
Other (liabilities) asset assumed, net			46,000
Total consideration paid			$ 18,546,000
12655 Jefferson
Consideration paid
Cash consideration		$ 38,000,000
Total consideration		38,000,000
Allocation of consideration paid
Investment in real estate, net		38,000,000
Above-market leases		0
Deferred leasing costs and lease intangibles, net		0
Below-market leases		0
Other (liabilities) asset assumed, net		0
Total consideration paid		$ 38,000,000
3401 Exposition
Consideration paid
Cash consideration								$ 8,489,000
Notes Receivable								4,000,000
Debt Assumed								13,233,000
Non-controlling interest in consolidated real estate entity								0
Total consideration								25,722,000
Allocation of consideration paid
Investment in real estate, net								25,439,000
Deferred leasing costs and lease intangibles, net								0
Fair market unfavorable debt value								0
Below-market leases								0
Other (liabilities) asset assumed, net								283,000
Total consideration paid								$ 25,722,000
Pinnacle II
Consideration paid
Cash consideration							$ 1,505,000
Notes Receivable							0
Debt Assumed							89,066,000
Non-controlling interest in consolidated real estate entity							45,704,000
Total consideration							136,275,000
Allocation of consideration paid
Investment in real estate, net							134,289,000
Deferred leasing costs and lease intangibles, net							12,637,000
Fair market unfavorable debt value							(5,820,000)
Below-market leases							(7,783,000)
Other (liabilities) asset assumed, net							2,952,000
Total consideration paid							$ 136,275,000
Seattle Portfolio
Consideration paid
Cash consideration						$ 368,389,000
Notes Receivable						0
Debt Assumed						0
Non-controlling interest in consolidated real estate entity						0
Total consideration						368,389,000
Allocation of consideration paid
Investment in real estate, net						367,094,000
Deferred leasing costs and lease intangibles, net						21,619,000
Fair market unfavorable debt value						0
Below-market leases						(14,666,000)
Other (liabilities) asset assumed, net						(5,658,000)
Total consideration paid						$ 368,389,000
1861 Bundy
Consideration paid
Cash consideration					$ 11,500,000
Notes Receivable					0
Debt Assumed					0
Non-controlling interest in consolidated real estate entity					0
Total consideration					11,500,000
Allocation of consideration paid
Investment in real estate, net					11,500,000
Deferred leasing costs and lease intangibles, net					0
Fair market unfavorable debt value					0
Below-market leases					0
Other (liabilities) asset assumed, net					0
Total consideration paid					$ 11,500,000
10900 Washington
Consideration paid
Cash consideration													$ 2,605,000
Non-controlling interest in consolidated real estate entity													0
Total consideration													2,605,000
Allocation of consideration paid
Investment in real estate, net													2,600,000
Above-market leases													0
Leases in place													0
Other lease intangibles													0
Below-market leases													0
Other (liabilities) asset assumed, net													5,000
Total consideration paid													$ 2,605,000
901 Market
Consideration paid
Cash consideration												$ 90,871,000
Non-controlling interest in consolidated real estate entity												0
Total consideration												90,871,000
Allocation of consideration paid
Investment in real estate, net												97,187,000
Above-market leases												0
Leases in place												2,968,000
Other lease intangibles												548,000
Below-market leases												(10,249,000)
Other (liabilities) asset assumed, net												417,000
Total consideration paid												$ 90,871,000
Element LA
Consideration paid
Cash consideration											$ 88,436,000
Non-controlling interest in consolidated real estate entity											0
Total consideration											88,436,000
Allocation of consideration paid
Investment in real estate, net											88,024,000
Above-market leases											0
Leases in place											1,325,000
Other lease intangibles											46,000
Below-market leases											(666,000)
Other (liabilities) asset assumed, net											(293,000)
Total consideration paid											$ 88,436,000
1455 Gordon Street
Consideration paid
Cash consideration										$ 2,385,000
Non-controlling interest in consolidated real estate entity										0
Total consideration										2,385,000
Allocation of consideration paid
Investment in real estate, net										2,384,000
Above-market leases										0
Leases in place										96,000
Other lease intangibles										22,000
Below-market leases										(27,000)
Other (liabilities) asset assumed, net										(90,000)
Total consideration paid										$ 2,385,000
Pinnacle I
Consideration paid
Cash consideration									$ 208,023,000
Non-controlling interest in consolidated real estate entity									1,481,000
Total consideration									209,504,000
Allocation of consideration paid
Investment in real estate, net									200,175,000
Above-market leases									167,000
Leases in place									11,710,000
Other lease intangibles									3,456,000
Below-market leases									(5,076,000)
Other (liabilities) asset assumed, net									(928,000)
Total consideration paid									$ 209,504,000
Office Building | EOP Northern California Portfolio
Allocation of consideration paid
Number of properties acquired | property	26
Development Parcel [Member] | EOP Northern California Portfolio
Allocation of consideration paid
Number of properties acquired | property	2

Investment in Real Estate - Pro

Investment in Real Estate - Pro Forma Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]
Total revenues	$ 253,924	$ 224,102
Net loss	$ 23,540	$ (5,620)

Investment in Real Estate - Sch

Investment in Real Estate - Schedule of Dispositions (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 16, 2014	May. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt Assumed			$ 0	$ 102,299	$ 0
Impairment Ioss on real estate			0	5,580
Income from discontinued operations			(164)	1,571	451
City Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total office revenues			0	4,321	5,695
Office operating expenses			(164)	(1,961)	(2,978)
Depreciation and amortization			0	(789)	(2,266)
Income from discontinued operations			(164)	$ 1,571	$ 451
Disposal Group, Not Discontinued Operations [Member] | Tierrasanta
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale price of properties						$ 19,500
Disposal Group, Not Discontinued Operations [Member] | Forecast [Member] | First Financial
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale price of properties		$ 89,000
Debt Assumed	[1]	$ 42,449
Discontinued Operations, Held-for-sale [Member] | City Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale price of properties							$ 56,000
Impairment Ioss on real estate			$ 5,600
[1]	{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjEzNmExZjY1MTYwNzQ3YTZhMWJjMzRmM2IzN2VlZWU5fFRleHRTZWxlY3Rpb246MzJFNEE0Rjk2Q0VCRjk0QkY2NjcyREU0QUJGQjM1QzgM}

Investment in Real Estate - R46

Investment in Real Estate - Real Estate Held-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real Estate Investment Property, Net	$ 2,036,638	$ 1,844,614
Restricted cash	14,244	13,929
Straight-line rent receivables	33,006	19,715
Deferred leasing costs and lease intangibles, net	102,023	108,402
Other	1,564	1,626
Assets	2,340,885	2,131,276
Notes payable	918,059	888,308
Accounts payable and accrued liabilities	36,844	26,118
Liabilities	1,055,693	1,017,935
Stockholders' Equity Attributable to Parent	1,179,174	1,003,446
Liabilities and Equity	2,340,885	2,131,276
Disposal Group, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real Estate Investment Property, Net	60,542	74,374
Restricted cash	2,839	2,821
Straight-line rent receivables	2,151	1,997
Deferred leasing costs and lease intangibles, net	2,457	3,693
Other	545	360
Assets	68,534	83,245
Notes payable	42,449	43,000
Accounts payable and accrued liabilities	322	1,393
Other Liabilities	443	731
Liabilities	43,214	45,124
Stockholders' Equity Attributable to Parent	25,320	38,121
Liabilities and Equity	$ 68,534	$ 83,245

Deferred Leasing Costs and Le47

Deferred Leasing Costs and Lease Intangibles, net (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	$ 148,774	$ 173,203
Accumulated amortization	(46,751)	(64,801)
Deferred leasing costs and lease intangibles, net	102,023	108,402
Other Liabilities, Unclassified [Abstract]
Below-market leases	57,420	67,284
Accumulated accretion	(16,451)	(22,100)
Below-market leases, net	40,969	45,184
Above-market leases [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	10,891	14,869
Lease in-place [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	60,130	83,793
Below-market ground leases [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	7,513	7,513
Other lease intangibles [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	26,731	35,651
Lease buy-out costs [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	4,597	3,107
Deferred leasing costs [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Deferred leasing costs and lease intangibles	$ 38,912	$ 28,270

Deferred Leasing Costs and Le48

Deferred Leasing Costs and Lease Intangibles, net - Future Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Amortization of above-market leases	$ 2,026	$ 2,542	$ 3,757
Weighted-average amortization period	10 years
2,015	$ 19,096
2,016	17,289
2,017	14,087
2,018	12,334
2,019	10,976
Thereafter	28,241
Deferred leasing costs and lease intangibles, net	102,023	108,402
Lease in-place [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 20,879	$ 24,374	$ 19,822
Lease Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-average amortization period	6 years 2 months 1 day	7 years 9 months 11 days

Deferred Leasing Costs and Le49

Deferred Leasing Costs and Lease Intangibles, net - Estimated Amortization Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of below-market leases	$ 7,661	$ 8,570	$ 7,321
Below market lease, weighted average useful life	6 years 6 months 15 days	7 years 2 months 23 days
2,015	$ 7,158
2,016	6,798
2,017	6,334
2,018	5,609
2,019	5,311
Thereafter	9,759
Below-market leases, net	$ 40,969

Prepaid Expense and Other Ass50

Prepaid Expense and Other Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Components of Prepaid Expense and Other Assets
Prepaid insurance	$ 3,025	$ 2,677
Prepaid property taxes	427	5
Corporate furniture, fixtures and equipment, net of accumulated depreciation of $207 and $629 respectively	1,405	490
Trade name, net of accumulated amortization of $751 and $649, respectively	102,023	108,402
Other	1,564	1,626
Other Assets, Reclassification to Held For Sale	0	(76)
Prepaid expenses and other assets	$ 6,692	5,094
Amortization period	10 years
Accumulated amortization	$ 46,751	64,801
Furniture, Fixtures and Equipment
Components of Prepaid Expense and Other Assets
Accumulated depreciation	207	629
Trade Names
Components of Prepaid Expense and Other Assets
Trade name, net of accumulated amortization of $751 and $649, respectively	271	372
Accumulated amortization	$ 751	$ 649

Notes Payable (Details)

Notes Payable (Details) - Real Estate [Domain] - Name of Property [Domain] - Disposal Groups, Including Discontinued Operations, Name [Domain] - Scenario, Unspecified [Domain] - Disposal Group Classification [Domain] - USD ($)

Aug. 22, 2013

Aug. 03, 2012

Aug. 03, 2012

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Jul. 31, 2013

Oct. 29, 2012

Jan. 11, 2012

Mar. 16, 2011

Feb. 11, 2011

Debt Instrument [Line Items]

Assumption of secured debt in connection with property acquisitions (Notes 3 and 6)

$ 0

$ 102,299,000

$ 0

Debt

Outstanding

915,003,000

882,988,000

Unamortized loan premium, net

3,056,000

[1]

5,320,000

Total

918,059,000

888,308,000

Encumbrances

$ 677,452,000

Duration used in interest rate calculation

360 days

Interest rate cap

2.00%

Notional Amount

$ 42,000,000

Revolving Credit Facility

Debt

Outstanding

$ 130,000,000

0

Revolving Credit Facility | LIBOR [Member] | Minimum

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

1.55%

1.55%

[2]

Line of credit facility, potential basis spread on variable rate, post credit rating

1.00%

1.00%

Line of credit facility, commitment fee percentage

0.25%

Line of credit facility, potential commitment fee percentage, post credit rating

0.15%

Revolving Credit Facility | LIBOR [Member] | Maximum

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

2.20%

2.20%

[2]

Line of credit facility, potential basis spread on variable rate, post credit rating

1.85%

1.85%

Line of credit facility, commitment fee percentage

0.35%

Line of credit facility, potential commitment fee percentage, post credit rating

0.45%

3401 Exposition

Debt

Outstanding

$ 0

[3]

13,233,000

3401 Exposition | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2],[3]

3.80%

6922 Hollywood

Debt

Outstanding

$ 0

[4]

40,396,000

Interest Rate

[2],[4]

5.58%

275 Brannan Street

Debt

Outstanding

15,000,000

275 Brannan Street | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2]

2.00%

Pinnacle II [Member]

Debt

Outstanding

88,540,000

Interest Rate

[2],[5]

6.313%

Periodic payment, debt service payment term

30 years

901 Market

Debt

Outstanding

49,600,000

$ 49,600,000

Unused borrowing capacity

$ 11,900,000

901 Market | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2],[6]

2.25%

Element LA

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 65,500,000

Debt

Outstanding

$ 566,000

Element LA | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2],[7]

1.95%

Sunset Gower Sunset Bronson

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

2.25%

3.50%

Debt

Outstanding

$ 97,000,000

$ 97,000,000

$ 92,000,000

Interest rate cap

3.715%

Notional Amount

$ 50,000,000

Sunset Gower Sunset Bronson | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2],[8]

2.25%

Rincon Center

Debt

Outstanding

105,853,000

Interest Rate

[2],[9]

5.134%

Periodic payment, debt service payment term

30 years

First and King

Debt

Outstanding

$ 0

[10]

95,000,000

First and King | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2],[10]

1.60%

Met Park North

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

1.55%

Debt

Outstanding

64,500,000

$ 64,500,000

Fixed interest rate

2.1644%

Met Park North | LIBOR [Member]

Debt Instrument [Line Items]

Line of credit facility, basis spread on variable rate

[2],[11]

1.55%

First Financial

Debt

Interest Rate

[2],[12]

4.58%

10950 Washington

Debt

Outstanding

29,300,000

Interest Rate

[2],[13]

5.316%

Periodic payment, debt service payment term

30 years

Pinnacle I [Member]

Debt

Outstanding

$ 129,000,000

Interest Rate

[2],[14]

3.954%

Periodic payment, debt service payment term

30 years

[1]

Represents unamortized amount of the non-cash mark-to-market adjustment on debt associated with Pinnacle II.

[2]

Interest rate with respect to indebtedness is calculated on the basis of a 360-day year for the actual days elapsed, excluding the amortization of loan fees and costs.

[3]

This loan was assumed on May 22, 2013 in connection with the closing of our acquisition of the 3401 Exposition Boulevard property.

[4]

This loan was assumed on November 22, 2011 in connection with the closing of our acquisition of the 6922 Hollywood Boulevard property.

[5]

This loan was assumed on June 14, 2013 in connection with the contribution of the Pinnacle II building to the Company’s joint venture with M. David Paul & Associates/Worthe Real Estate Group. This loan bore interest only for the first five years. Beginning with the payment due October 6, 2011, monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule.

[6]

On October 29, 2012, we obtained a loan for our 901 Market property pursuant to which we borrowed $49.6 million upon closing, with the ability to draw up to an additional $11.9 million for budgeted base building, tenant improvements, and other costs associated with the renovation and lease-up of that property.

[7]

$65.5 million

[8]

On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% with respect to $50.0 million of the loan through February 11, 2016. On January 11, 2012 we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through February 11, 2016. Effective August 22, 2013, the terms of this loan were amended to increase the outstanding balance from $92.0 million to $97.0 million, reduce the interest rate from LIBOR plus 3.50% to LIBOR plus 2.25%, and extend the maturity date from February 11, 2016 to February 11, 2018.

[9]

This loan is amortizing based on a 30-year amortization schedule.

[10]

{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjEzNmExZjY1MTYwNzQ3YTZhMWJjMzRmM2IzN2VlZWU5fFRleHRTZWxlY3Rpb246NTlBMzMyNTMyODE3NDhCMkU5MDMyREU0QUJGQjZEREQM}

[11]

This loan bears interest only at a rate equal to one-month LIBOR plus 1.55%. The full loan amount is subject to an interest rate contract that swapped one-month LIBOR to a fixed rate of 2.1644% through the loan's maturity on August 1, 2020.

[12]

{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjEzNmExZjY1MTYwNzQ3YTZhMWJjMzRmM2IzN2VlZWU5fFRleHRTZWxlY3Rpb246MzJFNEE0Rjk2Q0VCRjk0QkY2NjcyREU0QUJGQjM1QzgM}

[13]

This loan is amortizing based on a 30-year amortization schedule.

[14]

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.

Notes Payable - Minimum Future

Notes Payable - Minimum Future Payments Due on Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
2,015	$ 18,323
2,016	138,199
2,017	62,195
2,018	328,320
2,019	152,885
Thereafter	215,081
Total	$ 915,003	$ 882,988

Interest Rate Contracts (Detail

Interest Rate Contracts (Details) - Fair Value - USD ($)	Aug. 22, 2013	Jul. 31, 2013	Jul. 31, 2013	Feb. 11, 2011	Dec. 31, 2014	Dec. 31, 2013	Jan. 11, 2012	Mar. 16, 2011
Derivative
Outstanding					$ 915,003,000	$ 882,988,000
Interest rate cap							2.00%
Notional Amount							$ 42,000,000
Derivative assets, disclosed as “Interest rate contracts”					$ 3,000	192,000
Sunset Gower Sunset Bronson
Derivative
Term of loan				5 years
Outstanding	$ 97,000,000			$ 92,000,000		$ 97,000,000
Basis spread on variable rate	2.25%					3.50%
Interest rate cap								3.715%
Notional Amount								$ 50,000,000
Sunset Gower Sunset Bronson | One-Month LIBOR
Derivative
Basis spread on variable rate				3.50%
Met Park North
Derivative
Term of loan		7 years
Outstanding		$ 64,500,000	$ 64,500,000			$ 64,500,000
Basis spread on variable rate					1.55%
Met Park North | One-Month LIBOR
Derivative
Basis spread on variable rate			1.55%
Interest Rate Swaps
Derivative
Notional Amount					$ 64,500,000
Fair value of interest rate swap					1,750,000
Interest Rate Swaps | Met Park North | One-Month LIBOR
Derivative
Interest rate cap		2.1644%	2.1644%
Interest Rate Caps
Derivative
Notional Amount					92,000,000
Derivative assets, disclosed as “Interest rate contracts”					$ 3,000	$ 192,000
Interest Rate Caps | Sunset Gower Sunset Bronson
Derivative
Notional Amount							$ 42,000,000	$ 50,000,000
Interest Rate Caps | Sunset Gower Sunset Bronson | One-Month LIBOR
Derivative
Interest rate cap							2.00%	3.715%

Future Minimum Base Rents and54

Future Minimum Base Rents and Future Minimum Lease Payments - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2011	Dec. 31, 2014	Aug. 17, 2007
Sunset Gower
Ground Leases
Ground lease monthly rent	$ 31,000		$ 14,000
Ground lease rental rate adjustment period	7 years
Del Amo
Ground Leases
Annual rent		$ 1
9300 Wilshire
Ground Leases
Minimum annual rent		$ 75,000
Percent of gross rentals		6.00%
222 Kearny
Ground Leases
Minimum annual rent		$ 975,000
Operating income amount		8,000,000
Greater of | 222 Kearny
Ground Leases
Minimum annual rent		$ 975,000
Percent of operating income		20.00%

Future Minimum Base Rents and55

Future Minimum Base Rents and Future Minimum Lease Payments - Future Minimum Base Rents (Details) $ in Thousands	Dec. 31, 2014USD ($)
Operating Leased Assets
2,015	$ 171,181
2,016	171,760
2,017	159,109
2,018	149,463
2,019	134,439
Thereafter	558,707
Total	1,344,659
Non-Cancelable Leases
Operating Leased Assets
2,015	170,355
2,016	168,323
2,017	152,138
2,018	139,835
2,019	123,690
Thereafter	539,180
Total	1,293,521
Subject to Early Termination Options
Operating Leased Assets
2,015	826
2,016	3,437
2,017	6,971
2,018	9,628
2,019	10,749
Thereafter	19,527
Total	$ 51,138

Future Minimum Base Rents and56

Future Minimum Base Rents and Future Minimum Lease Payments - Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2014USD ($)
Future Minimum Base Rents and Lease Payments Future Minimum Rents [Abstract]
2,015	$ 1,417
2,016	1,417
2,017	1,417
2,018	1,417
2,019	1,417
Thereafter	$ 49,408

Fair Value of Financial Instr57

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Notes payable	$ 969,259	$ 940,435
Notes receivable	28,268	0
Derivative assets, disclosed as “Interest rate contracts”	3	192
Derivative liabilities, disclosed as “Interest rate contracts”	1,750	0
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Notes payable	960,508	931,308
Notes receivable	28,268	0
Interest Rate Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative liabilities, disclosed as “Interest rate contracts”	1,750	0
Interest Rate Contract | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Derivative assets, disclosed as “Interest rate contracts”	3	192
Derivative liabilities, disclosed as “Interest rate contracts”	$ 1,750	$ 0

Equity - Narrative (Details)

Equity - Narrative (Details) $ / shares in Units, $ in Thousands	Jan. 28, 2014USD ($)$ / sharesshares	Jan. 02, 2014	Feb. 12, 2013USD ($)$ / sharesshares	May. 18, 2012$ / sharesshares	May. 03, 2012USD ($)	Jan. 23, 2012USD ($)shares	Oct. 31, 2013common_unit_holder$ / sharesshares	Dec. 31, 2012common_unit_holdershares	Feb. 28, 2012common_unit_holdershares	Dec. 31, 2010shares	Dec. 31, 2013USD ($)ft²$ / sharesshares	Dec. 31, 2014USD ($)ft²building$ / sharesshares	Dec. 31, 2013USD ($)ft²$ / sharesshares	Dec. 31, 2012USD ($)	Oct. 30, 2013shares	Sep. 30, 2013shares	Feb. 29, 2012shares	Dec. 31, 2011USD ($)
Class of Stock [Line Items]
Noncontrolling interest, common units outstanding (in shares)												2,382,563					2,610,941
Number of common unit holders | common_unit_holder							1	1	1
Noncontrolling interest, decrease from redemptions or purchase of interests (in shares)								72,500	155,878
Cumulative value of shares sold under program to date												14,500,000
Proceeds from issuance of common stock | $												$ 197,468	$ 202,542	$ 190,798
Conversion of convertible securities (in shares)								72,500	155,878
Common dividends declared (dollars per share) | $ / shares												$ 0.5
Non-cash compensation expense recognized as additional paid-in capital | $												$ 7,979	$ 6,682	4,314
Series A Cumulative Redeemable Preferred Units of the Operating Partnership
Class of Stock [Line Items]
Noncontrolling interest, decrease from redemptions or purchase of interests (in shares)							80,000
Shares outstanding of preferred stock															419,014	407,066
Interest rate of preferred stock												6.25%
Liquidation preference of preferred stock (dollars per share) | $ / shares							$ 25					$ 25
Preferred dividends declared (dollars per share) | $ / shares												$ 1.5625
Series B Preferred Stock
Class of Stock [Line Items]
Shares outstanding of preferred stock											5,800,000	5,800,000	5,800,000
Interest rate of preferred stock												8.375%	8.375%
Liquidation preference of preferred stock (dollars per share) | $ / shares											$ 25	$ 25	$ 25
Par value of preferred stock | $ / shares											0.01	0.01	0.01
Liquidation preference of preferred stock, per annum (dollars per share) | $ / shares												$ 2.0938
Preferred stock, redemption period after change in control												90 days
Preferred dividends declared (dollars per share) | $ / shares												$ 2.09375
Common Stock
Class of Stock [Line Items]
Proceeds from issuance of common stock | $	$ 195,800		$ 189,900		$ 190,800
Maximum
Class of Stock [Line Items]
Share price | $ / shares											22.27	22.07	22.27
Minimum
Class of Stock [Line Items]
Share price | $ / shares											$ 20.55	$ 21.92	$ 20.55
At-the-Market
Class of Stock [Line Items]
Shares of stock sold (in shares)												76,000	613,000
Value of shares authorized | $											$ 125,000
Existing and Newly Elected Board Member
Class of Stock [Line Items]
Award vesting period												3 years
Employees
Class of Stock [Line Items]
Award vesting period												3 years
Award hold post vesting period												2 years
Change of Control | Series B Preferred Stock
Class of Stock [Line Items]
Interest rate of preferred stock												12.375%
Liquidation preference of preferred stock, per annum (dollars per share) | $ / shares												$ 3.09375
Pinnacle JV
Class of Stock [Line Items]
Number of buildings in property | building												2
Area of real estate property | ft²												625,640
Ownership interest in property												65.00%
Pinnacle I
Class of Stock [Line Items]
Ownership interest in property											98.25%	98.25%	98.25%
Business acquisition, area of real estate property (in sqft) | ft²											393,776	393,776	393,776
Pinnacle II
Class of Stock [Line Items]
Business acquisition, area of real estate property (in sqft) | ft²											231,864		231,864
Public Offering | Series B Preferred Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)						2,300,000				3,500,000
Proceeds from the offering before transaction costs | $						$ 57,500												$ 83,900
Public Offering | Common Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)	8,250,000		8,000,000	13,225,000
Public offering price (dollars per share) | $ / shares				$ 15
Exercise of Over-allotment Option | Series B Preferred Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)						300,000				300,000
Exercise of Over-allotment Option | Common Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)	1,237,500		1,200,000	1,725,000
Public offering price (dollars per share) | $ / shares	$ 21.50		$ 21.50
Private Placement | Common Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)				2,000,000
General and Administrative Expense
Class of Stock [Line Items]
Share-based compensation expense | $												$ 7,559	$ 6,454
Deferred Leasing Costs and Lease Intangibles, Net
Class of Stock [Line Items]
Share-based compensation expense | $												420	228
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Award vesting period		2 years
Additional Paid in Capital
Class of Stock [Line Items]
Non-cash compensation expense recognized as additional paid-in capital | $												$ 7,979	$ 6,682	$ 4,314

Equity - Common Stock Offering

Equity - Common Stock Offering Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 28, 2014	Feb. 12, 2013	May. 18, 2012	May. 03, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Class of Stock [Line Items]
Proceeds from issuance of common stock					$ 197,468	$ 202,542	$ 190,798
Common Stock
Class of Stock [Line Items]
Proceeds from issuance of common stock	$ 195,800	$ 189,900		$ 190,800
Public Offering | Common Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)	8,250,000	8,000,000	13,225,000
Public offering price (dollars per share)			$ 15
Exercise of Over-allotment Option | Common Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)	1,237,500	1,200,000	1,725,000
Public offering price (dollars per share)	$ 21.50	$ 21.50
Private Placement | Common Stock
Class of Stock [Line Items]
Shares of stock sold (in shares)			2,000,000

Equity - Dividends (Details)

Equity - Dividends (Details) - $ / shares	Dec. 30, 2013	Oct. 02, 2013	Jul. 02, 2013	Apr. 02, 2013	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Common stock, distributions per share (in dollars per share)	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.5
Common stock, dividends, total percentage					100.00%
Common stock, percentage classified as ordinary dividends					45.176%
Common stock, percentage classified as return of capital					54.824%
Preferred stock, distributions per share (in dollars per share)	0.52344	0.52344	0.52344	0.52344	$ 2.09376
Oridnary Dividends [Member]
Class of Stock [Line Items]
Common stock, distributions per share (in dollars per share)	0.05647	0.05647	0.05647	0.05647	0.22588
Preferred stock, distributions per share (in dollars per share)	0.52344	0.52344	0.52344	0.52344	2.09376
Non-Qualified Ordinary Dividends [Member]
Class of Stock [Line Items]
Common stock, distributions per share (in dollars per share)	0.05647	0.05647	0.05647	0.05647	0.22588
Preferred stock, distributions per share (in dollars per share)	0.52344	0.52344	0.52344	0.52344	2.09376
Qualified Ordinary Dividends [Member]
Class of Stock [Line Items]
Common stock, distributions per share (in dollars per share)	0	0	0	0	0
Preferred stock, distributions per share (in dollars per share)	0	0	0	0	0
Return of Capital Dividend [Member]
Class of Stock [Line Items]
Common stock, distributions per share (in dollars per share)	$ 0.06853	$ 0.06853	$ 0.06853	$ 0.06853	$ 0.27412
Series B Preferred Stock
Class of Stock [Line Items]
Interest rate of preferred stock					8.375%	8.375%

Equity - Stock Based Compensati

Equity - Stock Based Compensation (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Shares:
Beginning balance	541,180	632,344
Granted	281,491	263,039	268,060
Vested	(275,051)	(350,788)	(262,908)
Canceled	(3,913)	(3,415)
Ending balance	543,707	541,180	632,344
Weighted-Average Grant-Date Fair Value:
Beginning balance	$ 19.98	$ 17.12
Granted	29.38	22.16	$ 20.33
Vested	16.83	16.50
Canceled	20.44	16.09
Ending balance	$ 26.43	$ 19.98	$ 17.12
Total Vest-Date Fair Value (in thousands)	$ 9,794	$ 7,664	$ 5,096

Equity - Outperformance Program

Equity - Outperformance Program (Details) - USD ($)	Jan. 02, 2014	Jan. 02, 2013	Jan. 02, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
2012 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum share value authorized under plan			$ 10,000,000
Stock settled awards			$ 3,490,000
Forfeiture adjustment as percent of total cost			6.00%
Risk free interest rate			0.40%
Expected dividend payment per share			$ 1.62
2013 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum share value authorized under plan		$ 11,000,000
Stock settled awards		$ 4,140,000
Forfeiture adjustment as percent of total cost		6.00%
Risk free interest rate		0.38%
Expected dividend payment per share		$ 1.50
2014 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum share value authorized under plan	$ 12,000,000
Percentage Amount TSR Exceeds Simple Annual TSR	4.00%
Simple Annual TSR	9.00%
Percent TSR Exceeds SNL Equity REIT Index	4.00%
Percent of Underperformance of SNL Equity REIT Index	4.00%
Underperformance of SNL Equity REIT Index per Year	3.00%
Stock settled awards	$ 3,210,000
Forfeiture adjustment as percent of total cost	10.00%
Risk free interest rate	0.77%
Expected dividend payment per share	$ 1.50
Maximum | 2012 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Hypothetical bonus pool for stock settled award			$ 4,000,000
Maximum | 2013 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Hypothetical bonus pool for stock settled award		$ 4,000,000
Maximum | 2014 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR Reduced on a Linear Basis	100.00%
Simple TSR Reduced on a Linear Basis	7.00%
Minimum | 2012 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Hypothetical bonus pool for stock settled award			$ 2,000,000
Minimum | 2013 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Hypothetical bonus pool for stock settled award		$ 2,000,000
Minimum | 2014 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Absolute TSR Reduced on a Linear Basis	0.00%
Simple TSR Reduced on a Linear Basis	0.00%
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
The Company | 2012 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate			36.00%
The Company | 2013 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate		33.00%
The Company | 2014 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate	28.00%
SNL Equity REIT Index | 2012 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate			35.00%
SNL Equity REIT Index | 2013 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate		25.00%
SNL Equity REIT Index | 2014 Outperformance Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate	26.00%

Related Party Transactions (Det

Related Party Transactions (Details) - Dec. 31, 2014	USD ($)ft²
Related Party Transaction
Monthly rental obligation under the lease	$ 12,000
FJM Investments, LLC
Related Party Transaction
Area of real estate property | ft²	3,707

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Loss Contingencies
Commitment to tenants to deliver space	$ 45.2
Customer Concentration Risk | Sales
Loss Contingencies
Percentage of revenue from one industry	16.00%	20.00%

Segment Reporting - Summary of

Segment Reporting - Summary of Reportable Segments (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2013USD ($)	Jun. 30, 2013USD ($)	Mar. 31, 2013USD ($)	Dec. 31, 2014USD ($)Segments	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | Segments									2
Segment Reporting Information, Profit (Loss) [Abstract]
Revenue	$ 68,787	$ 68,155	$ 62,129	$ 55,596	$ 57,417	$ 53,348	$ 47,390	$ 47,403	$ 253,415	$ 205,558	$ 160,461
Operating expenses									104,269	87,583	74,939
Income from operations									149,146	117,975	85,522
Office Properties
Segment Reporting Information, Profit (Loss) [Abstract]
Revenue									213,786	165,441	120,328
Operating expenses									78,372	63,434	50,599
Income from operations									135,414	102,007	69,729
Media and Entertainment Properties
Segment Reporting Information, Profit (Loss) [Abstract]
Revenue									39,629	40,117	40,133
Operating expenses									25,897	24,149	24,340
Income from operations									$ 13,732	$ 15,968	$ 15,793

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting [Abstract]
Net operating income	$ 149,146,000	$ 117,975,000	$ 85,522,000
General and administrative	(28,253,000)	(19,952,000)	(16,497,000)
Depreciation and amortization	(72,216,000)	(70,063,000)	(54,758,000)
Interest expense	(25,932,000)	(25,470,000)	(19,071,000)
Interest income	30,000	272,000	306,000
Acquisition-related expenses	(4,641,000)	(1,446,000)	(1,051,000)
Other expense	(14,000)	(99,000)	(92,000)
Income (Loss) before Gain or Loss on Sale of Properties, and Extraordinary Items	18,148,000	1,415,000	$ (5,457,000)
Intersegment sales	0	0
Intersegment transfers	$ 0	$ 0

Quarterly Financial Informati67

Quarterly Financial Information (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 68,787	$ 68,155	$ 62,129	$ 55,596	$ 57,417	$ 53,348	$ 47,390	$ 47,403	$ 253,415	$ 205,558	$ 160,461
Income from operations	11,640	12,622	13,195	11,220	10,407	5,170	7,314	3,668	23,686	1,415	(5,457)
Net (loss) income from discontinued operations	0	(38)	(60)	(66)	(37)	(155)	(4,552)	735	(164)	(4,009)	451
Net income (loss)	885	11,415	6,689	4,533	3,269	(2,752)	(3,428)	317	23,522	(2,594)	(5,006)
Net loss attributable to Hudson Pacific Properties, Inc. stockholders’	$ (2,290)	$ 7,620	$ 3,365	$ 1,260	$ (83)	$ (5,694)	$ (6,184)	$ (2,872)	$ 9,955	$ (14,833)	$ (17,190)
Net loss (income) from continuing operations attributable to common stockholders’ per share— basic and diluted	$ (0.03)	$ 0.11	$ 0.05	$ 0.02	$ 0	$ (0.10)	$ (0.03)	$ (0.07)	$ 0.15	$ (0.20)	$ (0.42)
Net (loss) income from discontinued operations per share— basic and diluted	0	0	0	0	0	0	(0.08)	0.01	$ 0	$ (0.07)	$ 0.01
Net loss attributable to common stockholders’ per share— basic and diluted	$ (0.03)	$ 0.11	$ 0.05	$ 0.02	$ 0	$ (0.10)	$ (0.11)	$ (0.06)
Weighted average shares of common stock outstanding— basic and diluted	66,512,651	66,506,179	66,485,639	63,625,751	56,271,285	56,144,099	56,075,747	52,184,280

Subsequent Events - Acquisition

Subsequent Events - Acquisitions (Details) - Jan. 07, 2015 - Office - Subsequent Event [Member] - USD ($)	Total
Subsequent Event [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	45.00%
Joint Venture, Interest in Real Estate, Sales Price	$ 219.2

Subsequent Events - Common Stoc

Subsequent Events - Common Stock Offering (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 20, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Subsequent Event [Line Items]
Proceeds from issuance of common stock		$ 197,468	$ 202,542	$ 190,798
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock issued	11,000,000
Share price	$ 31.75
Proceeds from issuance of common stock	$ 385,200
Exercise of Over-allotment Option | Subsequent Event [Member]
Subsequent Event [Line Items]
Stock issued	1,650,000

Subsequent Events - 2015 Outper

Subsequent Events - 2015 Outperformance Program (Details) - USD ($)	Jan. 01, 2015	Jan. 02, 2014
Subsequent Event [Line Items]
Performance period		3 years
2012 Outperformance Program | Subsequent Event [Member]
Subsequent Event [Line Items]
Maximum bonus pool	$ 15,000,000
Amount by which TSR exceeds simple annual TSR	4.00%
Absolute TSR component	9.00%
Percent TSR Exceeds SNL Equity REIT Index	4.00%
Percent of Underperformance of SNL Equity REIT Index	4.00%
Underperformance of SNL Equity REIT Index per Year	3.00%
Target bonus pool	$ 3.6
Simple Annual TSR	11.00%
Performance period	3 years
Restricted Stock Units (RSUs)
Subsequent Event [Line Items]
Award vesting period		2 years
Restricted Stock Units (RSUs) | 2012 Outperformance Program | Subsequent Event [Member]
Subsequent Event [Line Items]
Award vesting period	2 years
Executive Officer, Victor Coleman [Member] | Performance Shares [Member] | 2012 Outperformance Program | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage participation rights	22.40%
Executive Officer, Mark Lammas [Member] | Performance Shares [Member] | 2012 Outperformance Program | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage participation rights	12.00%
Executive Officer, Christopher Barton [Member] | Performance Shares [Member] | 2012 Outperformance Program | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage participation rights	8.00%
Executive Officer, Alex Vouvalides [Member] | Performance Shares [Member] | 2012 Outperformance Program | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage participation rights	10.00%
Maximum | Subsequent Event [Member]
Subsequent Event [Line Items]
Absolute TSR Reduced on a Linear Basis	100.00%
Simple TSR Reduced on a Linear Basis	7.00%
Minimum | Subsequent Event [Member]
Subsequent Event [Line Items]
Absolute TSR Reduced on a Linear Basis	0.00%
Simple TSR Reduced on a Linear Basis	0.00%

Schedule III - Consolidated R71

Schedule III - Consolidated Real Estate and Accumulated Depreciation (Details) - USD ($)		Aug. 22, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Feb. 11, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			$ 677,452,000
Amount of encumbrances, net of real estate held-for-sale			635,003,000
Initial Costs
Land			628,920,000
Land, net of real estate held-for-sale			620,805,000
Building & Improvements			1,338,647,000
Buildings & Improvements, net of real estate held-for-sale			1,286,510,000
Cost Capitalized Subsequent to Acquisition
Improvements			255,564,000
Improvements, net of real estate held-for-sale			247,370,000
Carrying Costs			16,610,000
Gross Carrying Amount at December 31, 2014
Land			628,920,000
Land, net of real estate held-for-sale			620,805,000
Building & All Improvements			1,610,821,000
Buildings & All Improvements, net of real estate held-for-sale			1,550,490,000
Total			2,239,741,000	$ 2,035,330,000	$ 1,475,955,000	$ 1,060,504,000
Real estate, net of real estate held-for-sale			2,171,295,000
Accumulated depreciation			(134,657,000)	(108,411,000)	(85,184,000)
Accumulated depreciation, including amounts reclassified as held-for-sale			(142,561,000)	(116,342,000)	(85,184,000)	$ (53,329,000)
Long-term debt			915,003,000	882,988,000
SEC Schedule III, Real Estate Accumulated Depreciation, Depreciation Expense			50,044,000	41,454,000	$ 34,675,000
SEC Schedule III, Real Estate, Federal Income Tax Basis			2,200,000,000
Office | Technicolor Building
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[1]		0
Initial Costs
Land	[1]		6,599,000
Building & Improvements	[1]		27,187,000
Cost Capitalized Subsequent to Acquisition
Improvements	[1]		25,460,000
Carrying Costs	[1]		3,088,000
Gross Carrying Amount at December 31, 2014
Land	[1]		6,599,000
Building & All Improvements	[1]		55,735,000
Total	[1]		62,334,000
Accumulated depreciation	[1]		(13,316,000)
Office | 875 Howard Street Property
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[1]		0
Initial Costs
Land	[1]		18,058,000
Building & Improvements	[1]		41,046,000
Cost Capitalized Subsequent to Acquisition
Improvements	[1]		12,436,000
Carrying Costs	[1]		1,180,000
Gross Carrying Amount at December 31, 2014
Land	[1]		18,058,000
Building & All Improvements	[1]		54,662,000
Total	[1]		72,720,000
Accumulated depreciation	[1]		(12,408,000)
Office | First Financial
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			42,449,000
Initial Costs
Land			8,115,000
Building & Improvements			52,137,000
Cost Capitalized Subsequent to Acquisition
Improvements			8,194,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			8,115,000
Building & All Improvements			60,331,000
Total			68,446,000
Accumulated depreciation			(7,904,000)
Office | Del Amo
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			0
Building & Improvements			18,000,000
Cost Capitalized Subsequent to Acquisition
Improvements			1,167,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			0
Building & All Improvements			19,167,000
Total			19,167,000
Accumulated depreciation			(2,656,000)
Office | 9300 Wilshire
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			0
Building & Improvements			10,718,000
Cost Capitalized Subsequent to Acquisition
Improvements			696,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			0
Building & All Improvements			11,414,000
Total			11,414,000
Accumulated depreciation			(1,427,000)
Office | 222 Kearny
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[1]		0
Initial Costs
Land	[1]		7,563,000
Building & Improvements	[1]		23,793,000
Cost Capitalized Subsequent to Acquisition
Improvements	[1]		2,768,000
Carrying Costs	[1]		0
Gross Carrying Amount at December 31, 2014
Land	[1]		7,563,000
Building & All Improvements	[1]		26,561,000
Total	[1]		34,124,000
Accumulated depreciation	[1]		(3,349,000)
Office | Rincon Center
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[2]		104,126,000
Initial Costs
Land			58,251,000
Building & Improvements			110,656,000
Cost Capitalized Subsequent to Acquisition
Improvements			11,763,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			58,251,000
Building & All Improvements			122,419,000
Total			180,670,000
Accumulated depreciation			(14,755,000)
Office | 1455 Market
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[1]		0
Initial Costs
Land	[1]		41,226,000
Building & Improvements	[1]		34,990,000
Cost Capitalized Subsequent to Acquisition
Improvements	[1]		25,934,000
Carrying Costs	[1]		0
Gross Carrying Amount at December 31, 2014
Land	[1]		41,226,000
Building & All Improvements	[1]		60,924,000
Total	[1]		102,150,000
Accumulated depreciation	[1]		(1,419,000)
Office | 10950 Washington
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[3]		28,866,000
Initial Costs
Land			17,979,000
Building & Improvements			25,110,000
Cost Capitalized Subsequent to Acquisition
Improvements			416,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			17,979,000
Building & All Improvements			25,526,000
Total			43,505,000
Accumulated depreciation			(3,329,000)
Office | 604 Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[1]		0
Initial Costs
Land	[1]		5,620,000
Building & Improvements	[1]		14,745,000
Cost Capitalized Subsequent to Acquisition
Improvements	[1]		1,384,000
Carrying Costs	[1]		0
Gross Carrying Amount at December 31, 2014
Land	[1]		5,620,000
Building & All Improvements	[1]		16,129,000
Total	[1]		21,749,000
Accumulated depreciation	[1]		(1,385,000)
Office | 275 Brannan Street
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			15,000,000
Initial Costs
Land			4,187,000
Building & Improvements			8,063,000
Cost Capitalized Subsequent to Acquisition
Improvements			14,026,000
Carrying Costs			1,115,000
Gross Carrying Amount at December 31, 2014
Land			4,187,000
Building & All Improvements			23,204,000
Total			27,391,000
Accumulated depreciation			(1,811,000)
Office | 625 Second Street
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[1]		0
Initial Costs
Land	[1]		10,744,000
Building & Improvements	[1]		42,650,000
Cost Capitalized Subsequent to Acquisition
Improvements	[1]		(70,000)
Carrying Costs	[1]		0
Gross Carrying Amount at December 31, 2014
Land	[1]		10,744,000
Building & All Improvements	[1]		42,580,000
Total	[1]		53,324,000
Accumulated depreciation	[1]		(4,267,000)
Office | 6922 Hollywood
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			16,608,000
Building & Improvements			72,392,000
Cost Capitalized Subsequent to Acquisition
Improvements			3,835,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			16,608,000
Building & All Improvements			76,227,000
Total			92,835,000
Accumulated depreciation			(7,551,000)
Office | 10900 Washington
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			1,400,000
Building & Improvements			1,200,000
Cost Capitalized Subsequent to Acquisition
Improvements			735,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			1,400,000
Building & All Improvements			1,935,000
Total			3,335,000
Accumulated depreciation			(209,000)
Office | 901 Market
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[4]		49,600,000
Initial Costs
Land			17,882,000
Building & Improvements			79,305,000
Cost Capitalized Subsequent to Acquisition
Improvements			13,719,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			17,882,000
Building & All Improvements			93,024,000
Total			110,906,000
Accumulated depreciation			(6,300,000)
Office | Element LA
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[5]		59,490,000
Initial Costs
Land			79,769,000
Building & Improvements			19,755,000
Cost Capitalized Subsequent to Acquisition
Improvements			69,529,000
Carrying Costs			9,225,000
Gross Carrying Amount at December 31, 2014
Land			79,769,000
Building & All Improvements			98,509,000
Total			178,278,000
Accumulated depreciation			(113,000)
Office | Pinnacle I
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[6]		129,000,000
Initial Costs
Land			28,518,000
Building & Improvements			171,657,000
Cost Capitalized Subsequent to Acquisition
Improvements			3,976,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			28,518,000
Building & All Improvements			175,633,000
Total			204,151,000
Accumulated depreciation			(10,961,000)
Office | Pinnacle II
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[7]		87,421,000
Initial Costs
Land			15,430,000
Building & Improvements			115,537,000
Cost Capitalized Subsequent to Acquisition
Improvements			208,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			15,430,000
Building & All Improvements			115,745,000
Total			131,175,000
Accumulated depreciation			(5,298,000)
Office | 3401 Exposition
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			14,120,000
Building & Improvements			11,319,000
Cost Capitalized Subsequent to Acquisition
Improvements			9,953,000
Carrying Costs			1,028,000
Gross Carrying Amount at December 31, 2014
Land			14,120,000
Building & All Improvements			22,300,000
Total			36,420,000
Accumulated depreciation			(81,000)
Office | First and King
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			35,899,000
Building & Improvements			184,437,000
Cost Capitalized Subsequent to Acquisition
Improvements			5,619,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			35,899,000
Building & All Improvements			190,056,000
Total			225,955,000
Accumulated depreciation			(7,751,000)
Office | Met Park North
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[8]		64,500,000
Initial Costs
Land			28,996,000
Building & Improvements			71,768,000
Cost Capitalized Subsequent to Acquisition
Improvements			499,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			28,996,000
Building & All Improvements			72,267,000
Total			101,263,000
Accumulated depreciation			(3,011,000)
Office | Northview
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			4,803,000
Building & Improvements			41,191,000
Cost Capitalized Subsequent to Acquisition
Improvements			151,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			4,803,000
Building & All Improvements			41,342,000
Total			46,145,000
Accumulated depreciation			(2,354,000)
Office | 3402 Pico Blvd.
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances			0
Initial Costs
Land			16,410,000
Building & Improvements			2,136,000
Cost Capitalized Subsequent to Acquisition
Improvements			1,066,000
Carrying Costs			627,000
Gross Carrying Amount at December 31, 2014
Land			16,410,000
Building & All Improvements			3,829,000
Total			20,239,000
Accumulated depreciation			0
Office | Merrill Place
Initial Costs
Land			27,684,000
Building & Improvements			29,824,000
Cost Capitalized Subsequent to Acquisition
Improvements			1,539,000
Carrying Costs			2,000
Gross Carrying Amount at December 31, 2014
Land			27,684,000
Building & All Improvements			31,365,000
Total			59,049,000
Accumulated depreciation			(1,307,000)
Office | 12655 Jefferson
Initial Costs
Land			6,040,000
Building & Improvements			31,960,000
Cost Capitalized Subsequent to Acquisition
Improvements			73,000
Carrying Costs			0
Gross Carrying Amount at December 31, 2014
Land			6,040,000
Building & All Improvements			32,033,000
Total			38,073,000
Accumulated depreciation			0
Office | Icon
Initial Costs
Land			0
Building & Improvements			0
Cost Capitalized Subsequent to Acquisition
Improvements			13,121,000
Carrying Costs			84,000
Gross Carrying Amount at December 31, 2014
Land			0
Building & All Improvements			13,205,000
Total			13,205,000
Accumulated depreciation			0
Media & Entertainment | Sunset Gower
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[9]		97,000,000
Initial Costs
Land	[10]		79,321,000
Building & Improvements	[10]		64,697,000
Cost Capitalized Subsequent to Acquisition
Improvements	[10]		15,685,000
Carrying Costs	[10]		139,000
Gross Carrying Amount at December 31, 2014
Land	[10]		79,321,000
Building & All Improvements	[10]		80,521,000
Total	[10]		159,842,000
Accumulated depreciation	[10]		(15,856,000)
Media & Entertainment | Sunset Bronson
SEC Schedule III, Real Estate and Accumulated Depreciation
Encumbrances	[10]		0
Initial Costs
Land	[10]		77,698,000
Building & Improvements	[10]		32,374,000
Cost Capitalized Subsequent to Acquisition
Improvements	[10]		11,682,000
Carrying Costs	[10]		122,000
Gross Carrying Amount at December 31, 2014
Land	[10]		77,698,000
Building & All Improvements	[10]		44,178,000
Total	[10]		121,876,000
Accumulated depreciation	[10]		$ (13,743,000)
Building Improvements
Gross Carrying Amount at December 31, 2014
Estimated useful life			39 years
Land Improvements
Gross Carrying Amount at December 31, 2014
Estimated useful life			15 years
Revolving Credit Facility
Gross Carrying Amount at December 31, 2014
Long-term debt			$ 130,000,000	0
Sunset Gower Sunset Bronson
Gross Carrying Amount at December 31, 2014
Long-term debt		$ 97,000,000		$ 97,000,000			$ 92,000,000
Basis spread on variable rate		2.25%		3.50%
[1]	These properties are secured under our line of credit, which, as of December 31, 2014, has an outstanding balance of $130,000.
[2]	This loan is amortizing based on a 30-year amortization schedule.
[3]	This loan is amortizing based on a 30-year amortization schedule.
[4]	On October 29, 2012, we obtained a loan for our 901 Market property pursuant to which we borrowed $49.6 million upon closing, with the ability to draw up to an additional $11.9 million for budgeted base building, tenant improvements, and other costs associated with the renovation and lease-up of that property.
[5]	$65.5 million
[6]	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.
[7]	This loan was assumed on June 14, 2013 in connection with the contribution of the Pinnacle II building to the Company’s joint venture with M. David Paul & Associates/Worthe Real Estate Group. This loan bore interest only for the first five years. Beginning with the payment due October 6, 2011, monthly debt service includes annual debt amortization payments based on a 30-year amortization schedule.
[8]	This loan bears interest only at a rate equal to one-month LIBOR plus 1.55%. The full loan amount is subject to an interest rate contract that swapped one-month LIBOR to a fixed rate of 2.1644% through the loan's maturity on August 1, 2020.
[9]	On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% with respect to $50.0 million of the loan through February 11, 2016. On January 11, 2012 we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through February 11, 2016. Effective August 22, 2013, the terms of this loan were amended to increase the outstanding balance from $92.0 million to $97.0 million, reduce the interest rate from LIBOR plus 3.50% to LIBOR plus 2.25%, and extend the maturity date from February 11, 2016 to February 11, 2018.
[10]	Effective August 22, 2013, the terms of this loan were amended to increase the outstanding balance from $92,000 to $97,000, reduce the interest rate from LIBOR plus 3.50% to LIBOR plus 2.25%, and extend the maturity date from February 11, 2016 to February 11, 2018.

Schedule IV - Mortgage Loans 72

Schedule IV - Mortgage Loans on Real Estate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]
Interest rate	11.00%
Final maturity date	Aug. 18, 2016
Periodic payment terms	Interest Only
Prior liens	$ 0
Face amount of mortgage	28,528,000
Notes receivable	28,268,000	$ 0
Carrying amount of mortgage	28,268,000
Principal amount of loans subject to delinquent principal or interest	$ 0