The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.

Silicon Valley Hub Enhances West Coast Portfolio Longfellow Began Assembling in 2018, Will Receive Signature Upgrades, Lab Expansion

A $20 million overhaul of Downtown’s Union Bank Plaza is scheduled to begin next month. Property owner KBS Real Estate Investments said that the first round of demolition work in the 701,888-square-foot office tower will start on Aug. 18, with completion scheduled for the first quarter of 2020.