XML 35 R43.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Interest Rate Contracts - Narrative (Details) (USD $) | 0 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Mar. 04, 2015 | Feb. 11, 2011 | Aug. 22, 2013 | Jul. 31, 2013 | Mar. 31, 2015 | Dec. 31, 2014 | Jan. 11, 2012 | Mar. 16, 2011
Derivative |  |  |  |  |  |  |  |  |  |
Debt instrument carrying amount |  |  |  |  | $ 784,571,000 us-gaap_DebtInstrumentCarryingAmount |  | $ 915,003,000 us-gaap_DebtInstrumentCarryingAmount |  |  |
Derivative assets, disclosed as “Interest rate contracts” |  |  |  |  | 0 us-gaap_DerivativeAssets |  | 3,000 us-gaap_DerivativeAssets |  |  |
Interest rate contracts |  |  |  |  | 2,538,000 us-gaap_DerivativeLiabilities |  | 1,750,000 us-gaap_DerivativeLiabilities |  |  |
Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Fair value of derivative assets, gross |  |  |  |  | 0 us-gaap_DerivativeFairValueOfDerivativeAsset / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |  | 3,000 us-gaap_DerivativeFairValueOfDerivativeAsset / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |  |  |
Fair value of derivative liabilities, gross |  |  |  |  | 2,538,000 us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |  | 1,750,000 us-gaap_DerivativeFairValueOfDerivativeLiability / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember |  |  |
Interest Rate Cap |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Notional amount of interest rate cash flow hedge derivatives |  |  |  |  | 92,000,000 invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  |  |  |  |
Derivative assets, disclosed as “Interest rate contracts” |  |  |  |  | 276 us-gaap_DerivativeAssets / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  | 3,000 us-gaap_DerivativeAssets / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  |  |
Interest rate contracts |  |  |  |  | 2,538,000 us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  | 1,750,000 us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember |  |  |
Sunset Gower Sunset Bronson |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Term of loan facility |  | 5 years |  |  |  |  |  |  |  |
Debt instrument carrying amount |  | 92,000,000 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember | 97,000,000 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember |  | 97,000,000 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember | [1] | 97,000,000 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember | [1] |  |
Increase in borrowing capacity | 160,000,000 hpp_DebtInstrumentIncreaseInBorrowingCapacity / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember |  |  |  |  |  |  |  |  |
Interest rate cap |  |  |  |  |  |  |  |  | 2.00%us-gaap_DerivativeCapInterestRate / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember | 3.715%us-gaap_DerivativeCapInterestRate / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember
Notional amount of interest rate cash flow hedge derivatives |  |  |  |  |  |  |  |  | 42,000,000 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember | 50,000,000 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember
Sunset Gower Sunset Bronson | Interest Rate Cap |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Notional amount of interest rate cash flow hedge derivatives |  |  |  |  |  |  |  |  | 42,000,000.0 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember | 50,000,000.0 invest_DerivativeNotionalAmount / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember
Sunset Gower Sunset Bronson | One-Month LIBOR |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  | 3.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember / us-gaap_VariableRateAxis = hpp_OneMonthLondonInterbankOfferedRateLiborMember | 2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember / us-gaap_VariableRateAxis = hpp_OneMonthLondonInterbankOfferedRateLiborMember |  |  |  |  |  |  |
Sunset Gower Sunset Bronson | One-Month LIBOR | Interest Rate Cap |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Interest rate cap |  |  |  |  |  |  |  |  | 2.00%us-gaap_DerivativeCapInterestRate / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember / us-gaap_VariableRateAxis = hpp_OneMonthLondonInterbankOfferedRateLiborMember | 3.715%us-gaap_DerivativeCapInterestRate / us-gaap_DebtInstrumentAxis = hpp_SunsetGowerSunsetBronsonMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember / us-gaap_VariableRateAxis = hpp_OneMonthLondonInterbankOfferedRateLiborMember
Met Park North |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Term of loan facility |  |  |  | 7 years |  |  |  |  |  |
Debt instrument carrying amount |  |  |  | 64,500,000.0 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_MetParkNorthMember | 64,500,000 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_MetParkNorthMember | [2] | 64,500,000 us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = hpp_MetParkNorthMember | [2] |  |
Basis spread on variable rate |  |  |  |  | 1.55%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = hpp_MetParkNorthMember |  |  |  |  |
Met Park North | One-Month LIBOR |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 1.55%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = hpp_MetParkNorthMember / us-gaap_VariableRateAxis = hpp_OneMonthLondonInterbankOfferedRateLiborMember |  |  |  |  |  |
Met Park North | One-Month LIBOR | Interest Rate Swap |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Interest rate cap |  |  |  | 2.1644%us-gaap_DerivativeCapInterestRate / us-gaap_DebtInstrumentAxis = hpp_MetParkNorthMember / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateContractMember / us-gaap_VariableRateAxis = hpp_OneMonthLondonInterbankOfferedRateLiborMember |  |  |  |  |  |
Carrying Value | Interest Rate Cap |  |  |  |  |  |  |  |  |  |
Derivative |  |  |  |  |  |  |  |  |  |
Derivative assets, disclosed as “Interest rate contracts” |  |  |  |  | 276 us-gaap_DerivativeAssets / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  | 3,000 us-gaap_DerivativeAssets / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  |  |
Interest rate contracts |  |  |  |  | $ 2,538,000 us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  | $ 1,750,000 us-gaap_DerivativeLiabilities / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateCapMember / us-gaap_FairValueByMeasurementBasisAxis = us-gaap_CarryingReportedAmountFairValueDisclosureMember |  |  |
[1] | On March 16, 2011, we purchased an interest rate cap in order to cap one-month LIBOR at 3.715% with respect to $50.0 million of the loan through February 11, 2016. On January 11, 2012 we purchased an interest rate cap in order to cap one-month LIBOR at 2.00% with respect to $42.0 million of the loan through February 11, 2016. Effective March 4, 2015, the terms of this loan were amended and restated to introduce the ability to draw up to an additional $160.0 million for budgeted construction costs associated with our ICON development and to extend the maturity date from February 11, 2018 to March 4, 2019.
[2] | This loan bears interest only at a rate equal to one-month LIBOR plus 1.55%. The full loan amount is subject to an interest rate contract that swapped one-month LIBOR to a fixed rate of 2.1644% through the loan’s maturity on August 1, 2020.

X
- Definition Debt Instrument, Increase In Borrowing Capacity + References No definition available. + Details
Name: | hpp_DebtInstrumentIncreaseInBorrowingCapacity
Namespace Prefix: | hpp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13495-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226008-175313 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Cap rate on an interest rate derivative such as an interest rate cap or collar. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. + References No definition available. + Details
Name: | us-gaap_DerivativeCapInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=51814546&loc=SL51823488-111719 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=51814546&loc=SL51823488-111719 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13495-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226008-175313 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958 + Details
Name: | us-gaap_DerivativeLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hpp_MetParkNorthMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hpp_SunsetGowerSunsetBronsonMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |