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Hudson Pacific pays down debt for West Coast office portfolio

Sprawling CMBS deal is part of growing pipeline of single-asset offerings
Hudson Pacific Properties' 11601 Wilshire tower in Brentwood, Los Angeles, is part of a $475 million CMBS loan backed by six office properties. (CoStar)
Hudson Pacific Properties' 11601 Wilshire tower in Brentwood, Los Angeles, is part of a $475 million CMBS loan backed by six office properties. (CoStar)

A West Coast real estate investment trust has tapped the commercial mortgage-backed securities market to pay down debt in a sign that investors are willing to invest in large urban office properties despite economic uncertainties.

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