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Blackstone Group Closes on Previously Announced Sale of Wells Fargo Center

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(UPDATE | July 1, 2016):  Hudson Pacific Properties, Inc. has closed on its previously-announced acquisition of its Los Angeles, CA headquarters building at 11601 Wilshire Blvd., paying $311 million, net of credits, prorations and closing costs, to The Blackstone Group LP. Hudson Pacific will immediately begin to lease-up and renovate the asset, currently 83-percent occupied.

“11601 Wilshire Boulevard is a landmark property at the gateway…

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