News & Insights
Chef/Owner Marc Zimmerman Embraces Japanese Kappo-Style Cuisine with Live-Fire, Tasting Menu Restaurant and Whisky Lounge
NEWPORT BEACH, Calif. (October 8, 2019) – KBS, one of the largest owners of prime commercial real estate in the nation, has announced the transfer of the management of ”Strategic Opportunity REIT I, Strategic Opportunity REIT II and Keppel Pacific Oak US REIT,” three real estate investment trusts (REITs) comprising 40 investments to Pacific Oak Capital Advisors LLC.
Silicon Valley Hub Enhances West Coast Portfolio Longfellow Began Assembling in 2018, Will Receive Signature Upgrades, Lab Expansion
PALM BEACH GARDENS, Calif. (July 23, 2019) – KBS, one of the largest owners of commercial real estate, today announced the sale of Financial Center at the Gardens, a Class A office property in West Palm Beach Gardens, Florida. Financial Center at the Gardens is a 10-story office building spanning 188,950 square feet.
Eleven-property sale is a portion of KBS Real Estate Investment Trust III, Inc.’s total assets. KBS REIT III continues to hold 20 assets valued at more than $3 billion*.
NEWPORT BEACH, Calif. (July 10, 2019) — KBS, one of the largest owners of commercial real estate, announced today that 500 West Madison in Chicago will become Accenture Tower. Today, alongside Illinois Governor JB Pritzker and Chicago Mayor Lori Lightfoot, Accenture (NYSE: ACN) a leading global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations, announced its lease at the property by 152,454 square feet and now leases a total of 226,486 square feet, making it the anchor tenant of the building. The property is owned by KBS Real Estate Investment Trust III.
KBS continues its commitment to DTLA by adding state-of-the-art amenities and features that will help this iconic part of the skyline “be seen in a new light”
NEWPORT BEACH, Calif. (June 25, 2019) — KBS, one of the largest owners of commercial real estate, announced today that Zoom Video Communications, Inc., a video-first unified communications provider, renewed and expanded its lease to 87,025 square feet at The Almaden in San Jose, California. The property is owned by KBS Real Estate Investment Trust III.
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