News
HCP Puts Time To Pacific Corporate Redo Finish
HCP Inc reports to the SEC it has already spent $12.7M of a planned $20M budget to redevelop Pacific Corporate Park. The healthcare REIT -- led by president Lauralee Martin (here) -- purchased the 57k SF office building in 2006 along with its sister office building at 6175 Lusk Blvd for $30.5M from Equity Office. HCP reports that its redevelopment project should be complete by Q2 2016.
