September 15, 2017
KBS REIT II to sell Los Angeles office tower for $280M
KBS REIT II to sell Los Angeles office tower for $280M September 14, 2017 | Luke Schmidt | Blue Vault On September 8, 2017, KBS Real Estate Investment Trust II, …

Read more

KBS REIT II to sell Los Angeles office tower for $280M

September 14, 2017 | Luke Schmidt | Blue Vault

money-building

On September 8, 2017, KBS Real Estate Investment Trust II, Inc. entered into a purchase and sale agreement for the sale of Union Bank Plaza to RC Acquisitions, LLC ,an affiliate of Pacific Reach Properties. Pursuant to the agreement, the contractual purchase price for Union Bank Plaza is $280.0 million.

KBS REIT II, through an indirect wholly owned subsidiary, KBSII 445 South Figueroa, LLC, purchased the 40-story office building containing 627,334 rentable square feet, known as Union Bank Plaza, on September 15, 2010.  The property is located at 445 South Figueroa Street in Los Angeles, California on approximately 3.7 acres of land. As of June 30, 2017, Union Bank Plaza represented approximately 13.2% of the Company’s assets and 17.8% of the Company’s total revenues for the six months ended June 30, 2017.

 

didyouknow_sponsorfocus-green

Learn more about KBS Capital Markets Group on the Blue Vault Sponsor Focus page.

Click Here

 

Header_RecentNews_900x100

Cashing Out: KBS Looking to Liquidate Post-Recession Apartment REIT

KBS Legacy Partners Apartment REIT Announces Plans to Liquidate

KBS Growth & Income REIT to Buy Chicago Office Building

 

Recent

Shorehaven Mixed-Use Development Tops Out in Tempe

Shorehaven Mixed-Use Development Tops Out in Tempe

Cantor Fitzgerald and Silverstein Properties mark a milestone with Shorehaven, a new luxury mixed-use project on Tempe Town Lake, featuring residential units, retail, and community amenities for a premier waterfront experience.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now