Aerial of downtown San Francisco, USA Matteo Colombo/DigitalVision via Getty Images On our last coverage of Hudson Pacific Properties (NYSE:HPP), we took the unusual stance that the preferred shares, Hudson Pacific Properties, Inc. 4.750% CUM PFD C (NYSE:HPP.PR.C), were actually more dangerous than the common. Underlying that thesis was that investors were flying straight into the last Venus flytrap and likely to feel extreme pain before they collected a lot of income. We now rate this a "Strong Sell" as ...