NAIOP has selected Hudson Pacific Properties as the 2021 Developer of the Year – the association’s highest honour.
“We are honored to be recognized as NAIOP’s Developer of the Year— especially in a year that has presented so many challenges. I’m so proud of all we accomplished here in Vancouver with the repositioning of Bentall Centre and we have great momentum as we see signs of the economic recovery getting underway,” said Chuck We, Hudson Pacific Properties, senior vice president, Western Canada and NAIOP Vancouver past president.
Hudson Pacific acquires and develops premier creative office and studio properties in tech and media epicenters, including Los Angeles, Silicon Valley, San Francisco, Seattle and Vancouver. It is the largest publicly traded owner of office space in Silicon Valley and one of the largest independent owner/operators of studios in the U.S.
The company’s portfolio totals nearly 20 million square feet, including land for development. Throughout its history, Hudson Pacific has invested $1.5 billion in leading development and adaptive reuse projects across its core markets.
The company has a strong track record of innovation, both in terms of building design and technology integration, and environmental, social and governance (ESG) leadership through its Better Blueprint program. During the pandemic, health and safety-related operational changes, including increased ventilation and air filtration, affected energy needs. By September 2020, the company managed to achieve its 2025 100 per cent net-zero carbon operations goal five years early through a strategic combination of energy efficiency, on-site and off-site renewables and verified emissions reduction credits.
Throughout 2020, Hudson Pacific adapted swiftly in a multitude of ways to deal with the unique environment created by the pandemic. From ongoing development and construction, to employee recruitment and engagement, Hudson Pacific teams met business objectives while reinforcing the company’s commitment to health and safety, sustainability, and diversity, equity and inclusion. Hudson Pacific also worked closely with tenants large and small on rent relief and abatements to help keep them afloat during an uncertain time.
“It is NAIOP’s honour to recognize the tremendous work of Hudson Pacific as the 2021 Developer of the Year. Their ongoing commitment to advancing the commercial real estate industry through cutting-edge innovation and exemplary ESG leadership is impressive,” said Thomas J. Bisacquino, NAIOP president and CEO. “Hudson Pacific has demonstrated significant adaptability to the unique environment the pandemic created, putting its tenants first to sustain their businesses and strategically repositioning projects to meet evolving requirements that allowed tenants and employees to safely return to their properties.”