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Hudson Pacific Properties and Macerich to Fund Major Grant for Local Artists Impacted by COVID-19


Hudson Pacific Properties and Macerich to Fund Major Grant for Local Artists Impacted by COVID-19
Hudson Pacific Properties, Inc. (Hudson Pacific) (NYSE: HPP
), a Los Angeles-based real estate investment company focused on West Coast epicenters of media and tech, and
Macerich (NYSE: MAC), one of the nations leading owners, operators and developers of one-of-a-kind retail properties in top markets, announced today that they will fast-track more than $650,000 to artists in Los Angeles impacted by COVID-19 through the Vibrant Cities Arts Grant. The funds are associated with the One Westside project, a joint venture between Hudson Pacific and Macerich, which is converting the former Westside Pavilion mall into Googles newest Los Angeles campus. Consistent with the joint venture structure, Hudson Pacific will fund the majority of the Vibrant Cities Arts Grant. ....

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Eight Must Reads for the CRE Industry on Dec. 18, 2020


Eight Must Reads for the CRE Industry Today (Dec. 18, 2020)
State governments are trying to figure out how to deal with a looming eviction crisis, reports the Associated Press. KKR predicts that 2021 will bring the strongest economic rebound in decades, according to Forbes. These are among today’s must reads from around the commercial real estate industry.
States Grapple with Next Steps on Evictions as Crisis Grows “Ryan Bowser looked somber as he sat in his cramped Oregon apartment, worried whether he, his pregnant girlfriend and her 10-year-old daughter would have a roof over their heads in the new year. It may well depend on state lawmakers. The family is three months behind on the $1,165 in rent they pay for their two-bedroom unit in the college town of Corvallis. Bowser, a custodian at Oregon State University, took eight weeks off because he was sick and couldn’t afford child care.” ( ....

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Hudson Pacific Properties and Macerich to Fund Major Grant for Local Artists Impacted by COVID-19


Press release content from Business Wire. The AP news staff was not involved in its creation.
Hudson Pacific Properties and Macerich to Fund Major Grant for Local Artists Impacted by COVID-19
December 16, 2020 GMT
Hudson Pacific Properties, Inc. (“Hudson Pacific”) (NYSE: HPP
), a Los Angeles-based real estate investment company focused on West Coast epicenters of media and tech, and
Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, announced today that they will fast-track more than $650,000 to artists in Los Angeles impacted by COVID-19 through the Vibrant Cities Arts Grant. The funds are associated with the One Westside project, a joint venture between Hudson Pacific and Macerich, which is converting the former Westside Pavilion mall into Google’s newest Los Angeles campus. Consistent with the joint venture structure, Hudson Pacific will fund the majority of the Vibra ....

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