April 16, 2018
PLANO, Texas (April 16, 2018) – KBS Realty Advisors of Newport Beach, California announced the signing of two leases totaling 14,113 square feet at Tollway North Office Park. Smile Brands Inc., a support services firm that helps dental practices run their businesses, renewed its lease of 12,101 square feet, while CP&Y, a full-service architectural and engineering consulting firm, signed a new lease for 2,012 square feet.
April 10, 2018
NEWPORT BEACH, Calif. (April 10, 2018) – KBS Growth & Income Real Estate Investment Trust (the “Company” or “KBS Growth & Income REIT”), sponsored by KBS in Newport Beach, California, has announced that its Board of Directors has approved an increase to its dividend. The new daily distribution rate of $0.00144493 per share is payable to stockholders of record each day commencing May 1, 2018 through May 31, 2018. This daily amount would equal a 6.0% annualized rate based on the December 8, 2017 estimated value per share of $8.79 if paid each day for a 365-day period. The Company is currently paying a 5.5% annualized dividend.
April 10, 2018
NEWPORT BEACH, Calif. (April 10, 2018) – KBS Real Estate Investment Trust II (“KBS REIT II”), a non-traded real estate investment trust based in Newport Beach, California, announced today the close of a up to $500 million loan facility. The two-year agreement, facilitated by Bank of America Merrill Lynch, is comprised of $375 million of term debt, which was funded at the close, and up to $125 million of revolving debt.
April 10, 2018
AUSTIN, Texas (April 10, 2018) – KBS Realty Advisors of Newport Beach, California announced today the renewal of a 11,233-squarefoot lease to the Texas Attorney General’s Office.
March 15, 2018
PORTLAND, Ore. (March 15, 2018) – KBS Growth & Income REIT, a nontraded real estate investment trust based in Newport Beach, California and offered online at KBSDirect.com, announced today the signing of a new 19,948-square-foot lease with Otoharmonics Corporation at Commonwealth Building in Portland. Otoharmonics Corporation is a privately held company with headquarters in Portland, Oregon USA. The company has an international team of world–class neuroscientists, clinicians, business professionals and patients and has developed the patented Levo System for the management of tinnitus symptoms.
March 9, 2018
PALM BEACH GARDENS, Florida, (March 9, 2018) – KBS Realty Advisors of Newport Beach, California, is proud to announce that Financial Center at the Gardens in Palm Beach Gardens won The Outstanding Building of the Year (TOBY) Award in the 100,000 to 249,999-square-foot category at the BOMA Fort Lauderdale/Palm Beaches TOBY Awards.
March 7, 2018
ORANGE, Calif. (March 7, 2018) – KBS Strategic Opportunity REIT, a nontraded real estate investment trust based in Newport Beach, California announced today the acquisition of City Tower in Orange, California. Located in the Central Orange County office market, City Tower is a 21story, Class A office building totaling 435,000 square feet.
February 26, 2018
RALEIGH, NC. (Feb. 26, 2018) – KBS Realty Advisors, of Newport Beach, California, and Kane Realty Corp of Raleigh, NC announced today the sale of Midtown Plaza, a LEED Silver 329,613-square-foot, Class A office development located in Raleigh, NC. The property was sold at $127 million, exceeding the company’s expectations.
February 22, 2018
TIGARD, Ore., (Feb. 22, 2018) – KBS Realty Advisors of Newport Beach, California, announced today the renewal of 32,455 square feet worth of leases to Precoa, Inc. at Triangle Corporate Park III in Tigard, Oregon. Precoa offers advanced planning services through funeral insurance and preneed marketing savvy.
February 21, 2018
WESTON, Fla. (Feb. 21, 2018) – KBS Realty Advisors of Newport Beach, California announced today the signing of a new lease at the Weston Corporate Center I & II in Weston, Florida. The Ultimate Software Group, Inc. a leading provider of cloud-based human capital management solutions, signed a new lease for 20,749 square feet.