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Press Releases

KBS Breaks Ground with Southern Land Company in a JV Partnership for a Luxury High-Rise in Dallas

  • January 24, 2018
Press Releases

KBS Breaks Ground with Southern Land Company in a JV Partnership for a Luxury High-Rise in Dallas

  • January 24, 2018
DALLAS (Jan. 24, 2018) – KBS Realty Advisors of Newport Beach, California announced today a joint venture investment with Southern Land Company (SLC) for the development of a Class-A multi-family apartment tower in Dallas, Texas. Construction on the project commenced Jan. 2.

The residential building is set to stand 19 stories tall and will consist of 309 units totaling 311,932 net rentable square feet. The development’s amenity package will include a resident lounge, fitness center, year-round pool, terrace and a private park. The building will also offer a garage parking consisting of 465 parking spaces.

The project is situated in the Knox/Henderson district adjacent to Dallas’ affluent Highland Park and Turtle Creek neighborhoods. The surrounding neighborhood provides a live-work-play environment filled with restaurants, shopping options and office spaces within walking distance. The property is also located less than five miles from the Dallas Love Field Airport. The location of this new luxury community will provide tenants with a true mixed-use neighborhood setting.

“This unique high-rise will be a great residential addition to our existing KBS properties in the Dallas-Fort Worth metropolitan area,” said Brett Merz, senior vice president of KBS and asset manager for the property. “We are excited to begin our partnership with SLC and believe their efforts to date in preparing the development will ensure a smooth and timely completion.”

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS Realty Advisor’s ability to invest in and manage a diverse portfolio, and the performance of the project and of the Dallas real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Realty Advisors and/or the project’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
Industry Trends

Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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