January 7, 2019
DENVER (Jan. 7, 2019) – KBS, based in Newport Beach, California, announced today the signing of 384,716 square feet in leasing at Granite Tower during the fourth quarter of 2018. Among these leases is a 12-year extension for 295,743 square feet with Anadarko Petroleum Corp., the largest lease signed in Denver in 2018. Other new tenants at the property include Inflection Energy LLC, MountainView Financial and Causey Demgen & Moore P.C. Granite Tower is one of nine remaining properties in the KBS REIT II portfolio.
January 4, 2019
HOLLADAY, Utah (Jan. 4, 2018) – KBS, based in Newport Beach, California, announced today the signing of 130,231 square feet in leases at Millrock Park in Holladay, Utah. BB&T, Lincoln National Life Insurance Company, Aries Capital Partners and Health Catalyst renewed their leases, while Kensington Capital Management, Assure Services, UMB Bank, Banyan Ventures, HUB Transportation and WSP all signed new leases at the property.
January 3, 2019
WOODINVILLE, Wash. (Jan. 3, 2019) – KBS, based in Newport Beach, California, announced today the signing of 35,800 square feet in leasing at The Park at Woodinville in Woodinville, Washington. Strasser Woodenworks, a producer and supplier of bathroom furniture and accessories including bathroom vanities, furniture, cabinets and more, renewed their lease at the property.
December 20, 2018
GREENWOOD VILLAGE, Colo. (Dec. 20, 2018) – KBS, based in Newport Beach, California, announced today the complete acquisition of Village Center Station II (VCSII). KBS previously owned 75% of VCS II and purchased the remaining 25% from Shea Properties. Additionally, Charter Communications, the second largest cable operator in the U.S., providing service to over 25 million customers in the U.S., signed a direct lease for 94,300 square feet at Village Center Station I (VCS I) and leases 100% of VCS II. The properties are owned by KBS Real Estate Investment Trust III.
December 19, 2018
NEWPORT BEACH, Calif., (December 19, 2018) – KBS Strategic Opportunity REIT, Inc., a public non-traded real estate investment trust based in Newport Beach, Calif., announced that its board of directors has approved an estimated net asset value (“NAV”) per share of its common stock of $9.91 as of November 12, 2018. This estimated value per share is based on the estimated value of the REIT's assets less the estimated value of the REIT's liabilities, or NAV, divided by the number of shares outstanding as of September 30, 2018 less a special dividend of $2.95 per share to stockholders of record as of the close of business on November 12, 2018.
December 18, 2018
NEWPORT BEACH, Calif., (December 18, 2018) – KBS Strategic Opportunity REIT II, Inc., a public non-traded real estate investment trust based in Newport Beach, Calif., announced that its board of directors has approved an estimated net asset value (“NAV”) per share of its common stock of $9.65 as of September 30, 2018. This estimated value per share is based on the estimated value of the REIT's assets less the estimated value of the REIT's liabilities, or NAV, divided by the number of shares outstanding as of September 30, 2018.
December 17, 2018
NEWPORT BEACH, Calif., (December 17, 2018) – KBS Growth & Income REIT, a public non-traded real estate investment trust based in Newport Beach, Calif., announced that its board of directors has approved an estimated net asset value (“NAV”) per share of its common stock of $9.20 as of December 7, 2018. This estimated value per share is based on the estimated value of the REIT's assets less the estimated value of the REIT's liabilities, or NAV, divided by the number of shares outstanding as of September 30, 2018.
December 14, 2018
NEWPORT BEACH, Calif., (December 14, 2018) – KBS Real Estate Investment Trust II, a public non-traded real estate investment trust based in Newport Beach, Calif., announced that its board of directors has approved an estimated net asset value (“NAV”) per share of its common stock of $4.95 as of December 3, 2018. This estimated value per share is based on the estimated value of the REIT's assets less the estimated value of the REIT's liabilities, or NAV, divided by the number of shares outstanding as of September 30, 2018.
December 10, 2018
NEWPORT BEACH, Calif., (December 10, 2018) – KBS Real Estate Investment Trust III, a public non-traded real estate investment trust based in Newport Beach, Calif., announced that its board of directors has approved an estimated net asset value (“NAV”) per share of its common stock of $12.02 as of December 3, 2018. This estimated value per share is based on the estimated value of the REIT's assets less the estimated value of the REIT's liabilities, or NAV, divided by the number of shares outstanding as of September 30, 2018.
November 26, 2018
PALM BEACH GARDENS, Fla. (Nov. 26, 2018) – KBS based in Newport Beach, California, announced today the signing of 28,301 square feet in leases at Financial Center at the Gardens in Palm Beach, Florida. Existing tenant and global investment bank, RBC Wealth Management, renewed and expanded their leases while Convergence Investment Partners, a manager of long-short equity strategies, Ballentine Partners, LLC, independent investment and wealth management firm, and Linmar Food Groups, LLC. signed new leases at the property.