Press Releases



KBS REIT III to Develop Village Center Station II in a Joint Partnership with Shea Properties

April 6, 2017

GREENWOOD VILLAGE, Colo. (April 6, 2017) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, and Shea Properties announced the formation of a joint venture partnership for the development of Village Center Station II. Village Center Station II is being developed for Charter Communications, the second largest cable provider in the U.S. Construction of Village Center Station II, which includes over 330,000 square feet of office space commenced in December of 2016 and is 40 percent complete. Village Center Station II will be the final phase of Village Center Station in Greenwood Village, Colorado.

KBS Realty Advisors Signs Over 29,500 Square Feet in Leases at Woodbridge Corporate Plaza in New Jersey

March 29, 2017

ISELIN, N.J. (March 29, 2017) – KBS Realty Advisors of Newport Beach, California, announced today the signing of leases totaling 29,508 square feet at Woodbridge Corporate Plaza in Iselin. Biocon Limited, India’s largest pharmaceutical company, renewed their 4,055 square-foot lease. American apparel and home good stores, TJX Companies and Homegoods Inc., have extended their leases for a total of 8,627 square feet. Financial services companies, Schultheis & Panettieri, LLC, SD Capital Funding Corp and McAdam LLC have signed new leases at the property totaling 9,496 square feet.

KBS Strategic Opportunity REIT Signs 39,241 Square Feet in Leases at Great Hills Plaza in Austin

March 28, 2017

AUSTIN, Texas (March 28, 2017) – KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of 39,241 square feet in leases at Great Hills Plaza in Austin. INTERA Incorporated, a geosciences and engineering consulting firm specializing in environmental, water resources, coastal engineering, radioactive waste management and GIS, signed a new 17,976-square-foot lease. Regus, the world’s largest provider of flexible workspaces, renewed their lease for 21,265 square feet.

KBS Strategic Opportunity REIT Acquires Crown Pointe in Atlanta Submarket

February 14, 2017

DUNWOODY, Ga. (Feb. 14, 2017) – KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, California, announced today the acquisition of Crown Pointe in Dunwoody, a northern suburb of Atlanta, for $83.4 million. Crown Pointe is a Class A, two-building, 499,968-square-foot office property in Atlanta’s Central Perimeter submarket. The office towers are located at 1040 and 1050 Crown Pointe and boast 10 and 17 stories, respectively.

KBS REIT II Signs 63,969 Square Feet in Leases at Park Avenue at Morris County in New Jersey

February 9, 2017

FLORHAM PARK, N.J. (Feb. 9, 2017) – KBS Real Estate Investment Trust II (“KBS REIT II”), a non-traded real estate investment trust based, in Newport Beach, California, announced today the signing of 63,969 square feet of leases at Park Avenue at Morris County.

KBS REIT III Signs 10,531-Square-Foot Lease at 3001 Washington Boulevard in Arlington with Stantec

February 3, 2017

ARLINGTON, Va. (Feb. 3, 2017) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a new 10,531-square-foot lease at 3001 Washington Boulevard by Stantec Consulting Services Inc., a global professional design firm specializing in architecture, interior design, planning, engineering, environmental sciences, project management and project economics for buildings and infrastructure.

500 West Madison Engineering, Security Teams Earn Industry Honors

January 6, 2017

CHICAGO (Jan. 6, 2017) – KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, is proud to announce that the engineering team and one of the security team supervisors at the REIT’s 500 West Madison property were recently recognized for their outstanding achievements.

KBS Strategic Opportunity REIT II and Onyx to Redevelop 210 West 31st Street, Manhattan

December 7, 2016

NEW YORK (Dec. 7, 2016) — KBS Strategic Opportunity REIT II, a non-traded real estate investment trust based in Newport Beach, California, has announced a joint-venture agreement with Onyx Equities, LLC to redevelop 210 West 31st Street, which is situated directly across from Madison Square Garden. The joint-venture was brokered by David Colen, senior managing director at Newmark Grubb Knight Frank. In 2014, Onyx entered into a ground lease for the 8,637-square-foot land parcel owned by the Province of St. Mary.

KBS and Sterling Bay Acquire Five Floors of The Meier & Frank Building in Portland

November 29, 2016

PORTLAND, Ore. (Nov. 28, 2016) – KBS of Newport Beach, California, in partnership with Sterling Bay of Chicago, Illinois, announced today the acquisition of floors one through five of The Meier & Frank Building for $54 million. Currently home to Macy’s downtown Portland store, KBS and Sterling Bay plan to redevelop the property into mixed-use office and retail space. Macy’s recently confirmed it will continue operations through the holiday season and will close in spring 2017 after which time KBS and Sterling Bay will commence redevelopment of the store.

MWest Holdings and KBS Strategic Opportunity REIT II Acquire Lofts at NoHo Commons in North Hollywood

November 21, 2016

LOS ANGELES (Nov. 21, 2016) – In a joint venture, KBS Strategic Opportunity REIT II, a non-traded real estate investment trust based in Newport Beach, and MWest Holdings, a privately held real estate operator based in Los Angeles, announced today the acquisition of The Lofts at NoHo Commons, a three-story, 292-unit Class A apartment building, for $102.5 million.