Category: In the News

Category: In the News

Co-working and tech companies drove overall leasing activity, but none of those inked the single biggest deal of the year
One of downtown Nashville’s iconic buildings has new ownership and a new future.
GlobeSt. Real Estate Forum and GlobeSt.com are pleased to reveal the 2022 Woman of Influence winners that will be honored at the annual awards dinner in Park City, UT on July 26.
One of the most spirited debates in commercial real estate relates to the housing choices of the millennial generation: will they generally remain in cities that cater to their lifestyle preferences as they hit their mid-30s, or will they settle down, raise children and move to the suburbs like their parents?
The Houston region saw the third-highest job creation rate among the nation’s 12 largest metropolitan areas in April, the Bureau of Labor Statistics reported Wednesday.
Marc DeLuca is Eastern Regional President of KBS, one of the largest investors of premier commercial real estate in the nation.
Rod Richerson, regional president – Western United States at KBS, discusses the asset acquisition, trends in amenities for tenants, what tenants are looking for in an office space and more.
The delay of WeWork’s IPO has many questioning the flexible workspace business model, but in Downtown Chicago, providers keep expanding, and Industrious is just the latest firm to boost its presence. Company officials said Tuesday it will double its space in Accenture Tower, 500 West Madison St., from roughly 46K SF to more than 93K SF.
KBS is one of the largest owners of premier commercial real estate in the nation. Since inception, KBS-affiliated companies have completed transactional activity of approximately $40 billion via 16 separate accounts and six commingled funds, for government and corporate pension funds.
As market volatility mounts, these investors are shifting their property type and geographic exposures and taking advantage of the latest proptech innovations.
The Seattle and Puget Sound office market is still evolving, but its future is murky. Tech job market growth continues to fuel demand for office space, particularly large, high-end blocks. But pressures like traffic gridlock, lack of affordable housing and the slow process from start to delivery weigh heavy on its long-term viability.
KBS has signed five new office leases totaling 56,520 square feet with global and regional tenants at Park Place Village, a 10-building, 484,002 square-foot Class A office and retail property in Leawood, KS, within the Kansas City metro area. Park Place Village is owned by KBS Real Estate Investment Trust III.
The revamp of the mixed-use tower will include indoor and outdoor amenities, as well as the addition of 90,000 square feet of spec office suite space.
After selling off its final local asset in 2020, Newport Beach-based KBS is considering reentering the Orange County market via strategic office investment opportunities.
California-based development and investment firm KBS has completed the renovation of 1000 Continental, a 205,424-square-foot office building located in the northern Philadelphia suburb of King of Prussia.
California-based KBS has completed the renovation of Legacy Town Center, a three-building, 522,043-square-foot office complex in Plano. The property was developed in phases between 2001 and 2006 and offers amenities such as a fitness center, conference center, bike sharing program, car wash and a wellness room. KBS renovated the leasing office, conference center and locker rooms and added two new spec suites as part of the capital improvement program.
Now, more than ever, landlords are implementing new policies surrounding sustainability and equality to heighten tenant demand and improve property performance. As companies evolve to implement stronger environmental, social and governance (ESG) principles into everyday company functions, commercial real estate investment company KBS is also expanding into these areas.
In separate deals, KBS has closed on the sale of two office buildings which were part of the KBS Real Estate Investment Trust II portfolio.

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