Category: In the News
Category: In the News
KBS Real Estate Investment has sold Emerald View at Vista Center, a two-building office property in West Palm Beach, for $40 million.
KBS has sold Peakview Tower, a nine-story, 264,149 square-foot office tower in Greenwood Village, Colorado, within Denver’s Southeast market to a JV led by Vanderbilt Office Properties for $66 million.
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
KBS has sold a two-building, 149,103-square-foot class A office campus in Weston, Fla. The property, Weston Corporate Center, was sold to an affiliate of Banyan Street Capital for $52.25 million after KBS completed an extensive series of upgrades to both buildings.
KBS has signed a new 42,290 square-foot lease agreement with SPB Hospitality, a national leading operator and franchisor of full-service dining restaurants, at The Offices at Greenhouse, a five-story, 203,284 square-foot office property in the Energy Corridor of West Houston, Texas. The Offices at Greenhouse is owned by KBS Growth & Income Real Estate Investment Trust.
KBS has signed two leases at Crossroads Distribution Center, a 496,723-square-foot business park located in Charlotte. The leases exceeded 100,000 square feet and brought the property to full occupancy.
A Daily Look at the Movers and Shakers in Commercial Real Estate
One Town Center is a 10-story, 191,000-square-foot office tower with 95% occupancy and strong in-place cash flow.
The purchase of Sorrento Towers is the third acquisition that the two companies have made together.
The major office owner is confident that well-amenitized office properties will be in high demand in 2021 and beyond.
Investor KBS is renovating its properties in Preston Center and elsewhere in North Texas
MINNEAPOLIS — Midwest law firm Fredrikson & Byron has moved into a 158,000-square-foot office space at 60 South Sixth, a 40-story tower in downtown Minneapolis. KBS Real Estate Investment Trust III owns the 710,332-square-foot property.
In a sign that the Bay Area is inching its way into normalcy, KBS recently signed 40,504 square feet in leases with two tenants at The Towers Emeryville, an 816,090-square-foot class-A office park in Emeryville. The Towers Emeryville is owned by KBS Real Estate investment Trust III.
Marc DeLuca is Eastern Regional President of KBS, one of the largest investors of premier commercial real estate in the nation.
CHICAGO — LifeSpice Ingredients, a global research, developer and manufacturer of proprietary seasoning blends for the food industry, has signed a 16,995-square-foot office lease at 213 West Institute Place in Chicago’s River North neighborhood.
CHICAGO — LifeSpice Ingredients, a global research, developer and manufacturer of proprietary seasoning blends for the food industry, has signed a 16,995-square-foot office lease at 213 West Institute Place in Chicago’s River North neighborhood.
For years, creative companies looking to relocate or expand in Los Angeles have targeted low-rise campuses and refurbished industrial buildings — particularly in the Westside’s hot office market.
In this lively and insightful conversation with CPE Executive Editor Paul Rosta, DeLuca discusses why the Orange County, Calif.-based firm remains upbeat on the office sector. He details the firm’s investment strategy at a challenging time and offers perspective on the intersection of institutional investors and rising interest rates.
NAIOP New Jersey, the real estate development association, announced Friday its Deal of the Year Awards finalists.
The Industrial Deal of the Year and Office Deal of the Year will be presented at the 34th annual Commercial Real Estate Awards Gala, to be held Oct. 7 at the Palace at Somerset Park in Somerset.
