Hudson Pacific Properties To Make Huge Building Buy

LOS ANGELES-Those who follow @GlobeStcom on Twitter may have seen a post teasing the announcement earlier today, but GlobeSt.com has learned that Hudson Pacific Properties Inc. has entered into purchase agreements to acquire 901 Market St. in San Francisco and the Olympic Bundy Media Campus in West Los Angeles. The company agreed to purchase the 901 Market St. property for $90 million and the Olympic Bundy Media Campus for $89 million in a separate transaction.

Although Hudson Pacific Properties did not respond to GlobeSt.com queries by deadline as to the identity of the seller, GlobeSt.com has learned that the seller of the West L.A. property is Merlone Geier Partners, and according to public records, 901 Market St. is owned by CommonFund, an institutional investment firm based in Wilton, CT.