XML 51 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Future Minimum Base Rents and Lease Payments Future Minimum Rents (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Leases [Abstract] |
Schedule of Future Minimum Rental Payments for Operating Leases | The following table summarizes the future minimum base rents (excluding tenant reimbursements for operating expenses and termination fees related to tenants exercising early termination options) for properties as of December 31, 2017:
Year ended |  | Non-cancellable |  | Subject to early termination options |  | Total(1)(2)
2018 |  | $ | 476,777 |  |  | $ | 4,002 |  |  | $ | 480,779 |
2019 |  | 445,032 |  |  | 11,775 |  |  | 456,807 |
2020 |  | 376,361 |  |  | 20,232 |  |  | 396,593 |
2021 |  | 315,588 |  |  | 32,772 |  |  | 348,360 |
2022 |  | 246,997 |  |  | 45,437 |  |  | 292,434 |
Thereafter |  | 805,449 |  |  | 124,383 |  |  | 929,832 |
Total |  | $ | 2,666,204 |  |  | $ | 238,601 |  |  | $ | 2,904,805 |
_____________
(1) | Excludes rents under leases at the Company’s media and entertainment properties with terms of one year or less.
(2) | Includes properties classified as held for sale as of December 31, 2017.
Operating Leases of Lessee Disclosure | The following table summarizes the Company’s ground lease terms related to properties that are held subject to long-term non-cancellable ground lease obligations as of December 31, 2017:
Property |  | Expiration Date |  | Notes
3400 Hillview |  | 10/31/2040 |  | The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent until October 31, 2017 is the lesser of 10% of Fair Market Value (“FMV”) of the land or $1.0 million grown at 75% of the cumulative increases in consumer price index (“CPI”) from October 1989. Thereafter, minimum annual rent is the lesser of 10% of FMV of the land or the minimum annual rent as calculated as of November 1, 2017 plus 75% of subsequent cumulative CPI changes. Percentage annual rent is gross income multiplied by 24.125%. This lease was prepaid through October 31, 2017.
9300 Wilshire |  | 8/14/2032 |  | The ground rent is the greater of minimum annual rent or percentage annual rent. Percentage annual rent is gross income multiplied by 6%. The property related to this ground lease is expected to be sold in the first quarter of 2018.
Clocktower Square |  | 9/26/2056 |  | The ground rent is minimum annual rent (adjusted every 10 years) plus 25% of adjusted gross income (“AGI”) less minimum annual rent.
Del Amo |  | 6/30/2049 |  | Rent under the ground sublease is $1.00 per year, with the sublessee being responsible for all impositions, insurance premiums, operating charges, maintenance charges, construction costs and other charges, costs and expenses that arise or may be contemplated under any provisions of the ground sublease.
Foothill Research Center |  | 6/30/2039 |  | The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is gross income multiplied by 24.125%.
3176 Porter (formerly Lockheed) |  | 7/31/2040 |  | The ground rent is the greater of the minimum annual rent or percentage annual rent. The minimum annual rent is the lesser of 10% of FMV of the land or the previous year’s minimum annual rent plus 75% of CPI increase. Percentage annual rent is Lockheed’s base rent multiplied by 24.125%.
Metro Center |  | 4/29/2054 |  | Every 10 years rent adjusts to 7.233% of FMV of the land (since 2008) and adjusts to reflect the change in CPI from the preceding FMV adjustment date (since 2013).
Page Mill Center |  | 11/30/2041 |  | The ground rent is minimum annual rent (adjusted on 1/1/2019 and 1/1/2029) plus 25% of AGI, less minimum annual rent.
Page Mill Hill |  | 11/17/2049 |  | The ground rent is minimum annual rent (adjusted every 10 years) plus 60% of the average of the percentage annual rent for the previous 7 lease years.
Palo Alto Square |  | 11/30/2045 |  | The ground rent is minimum annual rent (adjusted every 10 years starting 1/1/2022) plus 25% of AGI less minimum annual rent.
Sunset Gower Studios |  | 3/31/2060 |  | Every 7 years rent adjusts to 7.5% of FMV of the land.
Techmart |  | 5/31/2053 |  | Rent subject to a 10% increase every 5 years.
Schedule of Future Minimum Lease Payments | The following table summarizes rental expense for ground leases and a corporate office lease:
| For the Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Contingent rental expense | $ | 8,775 |  |  | $ | 8,651 |  |  | $ | 3,843 |
Minimum rental expense | 12,412 |  |  | 12,085 |  |  | 9,196 |
The following table provides information regarding the Company’s future minimum lease payments for its ground leases (before the impact of extension options, if applicable) as of December 31, 2017:
For the Year Ended December 31, |  | Ground Leases(1)(2)
2018 |  | $ | 14,111 |
2019 |  | 14,161 |
2020 |  | 14,161 |
2021 |  | 14,161 |
2022 |  | 14,161 |
Thereafter |  | 382,070 |
Total |  | $ | 452,825 |
_____________
(1) | In situations where ground lease obligation adjustments are based on third-party appraisals of fair market land value, CPI adjustments and/or percentage of gross income that exceeds the minimum annual rent, the future minimum lease amounts above include the lease rental obligations in effect as of December 31, 2017.
(2) | Balance includes future minimum ground lease obligation for 9300 Wilshire which is expected to be sold in the first quarter of 2018.

X
- Definition Schedule of Future Minimum Lease Payments [Table Text Block] + References No definition available. + Details
Name: | hpp_ScheduleOfFutureMinimumLeasePaymentsTableTextBlock
Namespace Prefix: | hpp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Future Minimum Rental Receivable for Operating Leases [Table Text Block] + References No definition available. + Details
Name: | hpp_ScheduleofFutureMinimumRentalReceivableforOperatingLeasesTableTextBlock
Namespace Prefix: | hpp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=82913245&loc=d3e12069-110248 + Details
Name: | us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration