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Hudson Pacific Properties' perseverance yields return to profitability
Hudson Pacific Properties' perseverance yields return to profitability

Faith and patience have begun to pay off in a big way for Hudson Pacific Properties Inc., a company that is on pace for its best year ever. The patience was tested by years of red ink. The faith, including a belief that some of Hollywood's golden age real estate still had some magic left in it, had to ride out the global recession. Now, with the company trading near its 52-week high, investors are apparently feeling that it was a winning formula. Hudson Pacific is a real estate investment trust based in Los Angeles that acquires high-end office, media and entertainment properties in Southern California. Its other anchor has been the San Francisco Bay Area. Its 6.4 million square...

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