kbs reit ii union bank plaza. KBS REIT II Sells Silicon Valley Office Building for $35 Million. kbs reit ii union bank plaza

. ) 620 Newport Center Drive, Suite 1300Union Bank Plaza is a 40‑story office building located in Los Angeles, California containing 701,888 rentable square feet on approximately 3. | Advanced searchUnion Bank Plaza totals approximately 627,000 square feet and represented approximately 13. On September 15, 2010, KBS Real Estate Investment Trust II, Inc. That’s roughly $447 per square foot. 79. The building features 607,517 square feet of premier office space, a two-level, 19,817-square-foot retail plaza, and a four-level parking facility accommodating 914 vehicles. Shorenstein Properties, an unaffiliated third-party, was the buyer. Go to Publisher's website. 00178082 per share per day and equaled a daily amount that, if paid each day for a 365-day period, equaled a 6. 79. 0 million,. , a publicly registered non-traded real estate investment trust, announced that the $280 million sale of Union Bank Plaza in Los Angeles has been canceled, according to a filing with the Securities and Exchange Commission. The. KBS Real Estate Investment Trust II Inc. m. Alts News. (OTCPK : KBRS) for $110 million. 79 (unaudited). Mar 31, 2023. Located at 445. 29: CILOS ANGELES — KBS has sold Union Bank Plaza, an office tower totaling 675,945 square feet in downtown Los Angeles. . NEWPORT BEACH, Calif. 2% leased at the end of December 2018. I-81 Industrial Portfolio. , a Maryland corporation, and, as required by context, KBS. . Dear KBS REIT II Stockholder: On November 13, 2019, KBS Real Estate Investment Trust II, Inc. KBS REIT II voted in 2020 to liquid its assets, but it has had trouble unloading Union Bank Plaza, which is its last remaining property. , a Maryland corporation (hereinafter called the. This represents a decrease from the December 2018 estimated value per share. W W W . The KBS-created real estate vehicle KBS REIT II that owns the 40-story. KBS REIT II also is the KBS affiliate buying the Los Angeles tower. Next article KBS REIT II Sells Union Bank Plaza for Big Loss. ’s (the “REIT”) board of directors approved an updated estimated value per share of the REIT’s common stock of $3. The 40-story, 701,888-square-foot office building sold for between $105 million. with the purchase of National City Tower, a 723,300-square-foot office building in downtown Louisville, Ky. (OTCPK : KBRS) for $110 million. 0 million less a credit towards the purchase price of $13. Local News. Harbor Associates backs off $165M offer for 40-story office tower in DTLA. Union Bank Plaza (UBP) is an iconic office tower located at 445 South Figueroa Street in the northwest quadrant of the Bunker Hill submarket in downtown Los Angeles. 9% partnership interest in the Operating Partnership and is its sole limited partner. 1. K B S . KBSII REIT ACQUISITION XV, LLC,. unsolved mysteries season 13. open menu. (the "Company"), through an indirect wholly owned subsidiary, acquired a 40­story office building located in Los Angeles, California Union Bank Plaza "). Union Bank Plaza is a 40‑story office building located in downtown Los Angeles, comprised of 701,888 rentable square feet on approximately 3. KBS REIT II’s December 15, 2021, estimated liquidation value per share is. 10 between March 20REIT20 to December 2021. dispatch teamsters 631. Add a Comment. < Back to kbs-real-estate-investment-trust-ii KBS Real Estate Investment Trust II Assets. By professor turo art. The REIT purchased the 40-story office building in September 2010 for $208 million from international real estate firm Hines’ U. Approval and Effectiveness of Plan. KBS purchased the tower to $208M in 2010. 2023, then the sale price for Union Bank Plaza is $155. “Union Bank Plaza was the final building in REIT II, a fund which we are in the process of liquidating,” says Giovanni (Gio) Cordoves, Western regional president for KBS. 65 as of September 30, 2018. Please reach out to your financial advisor or financial representative for more information. has acquired Los Angeles' trophy Union Bank Plaza from Hines for $208 million. KBS Real Estate Investment Trust II Inc. EX-10. As previously disclosed, on July 20, 2022, KBS Real Estate Investment Trust II, Inc. LOS ANGELES—KBS REIT II signs new leases and lease extensions at its downtown high rise totaling 72,717-square-feet, bringing the building's occupancy to 97%. Mar. htm LETTER AGREEMENT -UNION BANK MORTGAGE LOAN Exhibit 10. K B S . . Fountainhead Plaza Granite Tower Union Bank Plaza Willow Oaks Corporate Tech Centre. KBS Realty Advisors has completed the first phase of the $20 million renovation of the Union Bank Plaza office tower in Downtown Los Angeles. Mar. November 24, 2021. KBS Real Estate Investment Trust II Inc. Commercial Real Estate Direct Staff Report KBS REIT II is in the market to sell Union Bank Plaza, a 646,625-square-foot office property in downtown Los Angeles that's expected to fetch at least $400/sf, or $259 million. The sale of the Union Bank Plaza office building in Los Angeles finally has been completed. 1 million square feet, that will collateralize the loan. , a publicly registered non-traded real estate investment trust, announced that the $165 million sale of Union Bank Plaza in Los Angeles has been. (the "Company"), through an indirect wholly owned subsidiary, entered into a purchase and sale agreement and escrow instructions (the "Agreement") for the sale of Union Bank Plaza to WB Union Plaza Holdings LLC (the "Purchaser"), an affiliate of. Jul 09, 2019 · These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Real Estate Investment Trust II’s and/or Union Bank Plaza’s actual results. (Exact name of registrant specified in its charter) Maryland : 000-53649 : 26-0658752 (State or other jurisdiction of. 15. As reported in our recent webinar, the property was 77. Western regional president for KBS, said in a statement. KBS Real Estate Investment Trust II Inc. 8 percent of its total revenues for the first half of 2017. Mar. The purchaser, Pacific Reach Properties affiliate RC Acquisitions,. ’s (the “REIT”) board of directors. Read in NewsBreak. (September 8, 2021) – KBS, one of the largest investors in premier commercial real estate, has sold Granite Tower, a 31-story, 593,527 square-foot LEED Gold–certified Class A office tower in downtown Denver, Colorado. Just completed an incredible remodel of the lobby, retail pavilion and outdoor lounge/conference center. KBS REAL ESTATE INVESTMENT TRUST II, INC. noindex subdomain; xiaomi scooter motor locked. A. Another deal for KBS’ Union Bank Plaza falls through. Learn How KBS is Creating Safe Work Environments . The contract price […]KBS remains big buyer as value sags on REITKBS REAL ESTATE INVESTMENT TRUST II, INC. , a publicly registered non-traded real estate investment trust, has agreed to sell Union Bank Plaza in Los Angeles, the last remaining property in its portfolio, to an affiliate of Waterbridge Capital for $155 million. Los Angeles Office View count: Los Angeles. “The property represents an opportunity for the buyer to be part of an eventual post-pandemic recovery inTermination of Purchase and Sale Agreement for Sale of Union Bank Plaza. KBS REIT II has owned the property since 2010, when it. The property sold to Waterbridge. 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. If you should have any questions, please contact (855) 434-4527DENVER, Colo. 5% annualized rate based on the primary offering purchase price of $10. As The DI Wire reported earlier this week, KBS REIT II sold Union Bank Plaza after an extended process during which multiple potential buyers walked away from purchase agreements. KBS acquired the premier property from Meridian Realty Investments L. 7 acres of land. According to The DI Wire, Union Bank Plaza, a 40-story commercial building in Los Angeles, was “the last property remaining in the REIT’s portfolio. By Kinsley Lively, 2023-04-05. . 3 million (after estimated closing costs and disposition fees) as the liquidation value. (the "Company"), through an indirect wholly owned subsidiary, entered into a purchase and sale agreement and escrow instructions (the "Agreement") for the sale of Union Bank Plaza to WB Union Plaza Holdings LLC (the "Purchaser"), an affiliate of. R. KBS Real Estate Investment Trust IIKBS Real Estate Investment Trust II Inc. lily and james vs voldemort fanfiction. Mar. Union Bench Plaza Sells For $104M, Half What KBS Paid For It . , which had sold the 40-story building, had said it would be selling it for $142 million, or $202/sf. Mar. (the "Company"), through an indirect wholly owned subsidiary, acquired a 40­story office building located in Los Angeles, California Union Bank Plaza "). Mar. KBS REIT II purchased the Class A property in December 2010 for $149 million, which was reportedly. Union Bank Plaza was under contract in September 2017KBS' Union Bank Plaza (Photo: Business Wire). 2023, then the sale price for Union Bank Plaza is $155. Fairfax, Virginia. December 4, 2019. business contracts filed with the Securities and Exchange Commission. from Hines in 2010, property. 800 Newport Center Drive, Suite 700. KBS REAL ESTATE INVESTMENT TRUST II, INC. Next article ADISA Video: Investing in Manufactured Housing. Figueroa St. K B S . Office Value Added. Commercial Real Estate Direct Staff Report KBS REIT II Inc. 1 Investments. Gallery map . Union Bank Plaza. The building has roughly 627,000 square feet of commercial space. Clark & Trevithick Legal Services Union Bank Plaza Los Angeles, CA Portfolio Summary Top 10 Tenants by Annualized Base Rent2 Lease Expirations (by square feet) 0 100000 200000 300000 400000. . Under a second. KBS REIT II partially financed its acquisition of Union Bank Plaza with a $119. The non-traded investment trust has raised some $1. KBS Real Estate Investment Trust II, a publicly registered non-traded REIT, has sold its final office property at District 237, a Class A 415,500-square-foot. The closing date is expected to be October 19, 2022. Created with Sketch. The buyer also assumed about $6. Union Bank Plaza was owned by KBS Real Estate Investment Trust II. The properties secured by the portfolio include: 100-200 Campus Drive in Florham Park, New Jersey; 300-600 Campus Drive in Florham Park, New Jersey; Willow Oaks Corporate Center in Fairfax, Virginia; Pierre Laclede. • In addition, KBS REIT II’s last remaining asset, Union Bank Plaza, located in Los Angeles, CA is currently being marketed for sale. Assumption Agreement (the “Agreement”) with KBS Capital Advisors Sub REIT II Liquidation LLC (the “Assignee”), a. for $104 million. News. KBS Real Estate Investment Trust II, a publicly registered non-traded REIT, has sold Fountainhead Plaza, a two-building 446,000 square foot office property located in Tempe, Arizona, for $117. 0 million plus closing costs • $270. 30: CI WB Union Plaza Holdings LLC completed the acquisition of Hines VAF UB Plaza, L. Jul 27, 2022 · KBS Realty Advisors, through its KBS REIT II subsidiary, has an. By Kinsley Lively, 2023-04-05. As used herein, the terms "we," "our" and "us" refer to KBS Real Estate Investment Trust II, Inc. ATB "Kapitalbank", dunyodagi murakkab geosiyosiy vaziyat, Yevropa Ittifoqi va AQShning Rossiya Federatsiyasi va Belarus Respublikasining bir qator yirik kompaniyalari, banklari va jismoniy shaxslariga nisbatan sanksiyalari kuchayishi munosabati bilan Amerika va. Search KBS Real Estate Investment Trust II, Inc. Alts News. 4 Million Nevada Office Property. SEC Files Settled Action Against RIA for Mispricing NAVs. News. Jan 9, 2023. “Union Bank Plaza was the final building in REIT II, a fund which we are in the process of liquidating,” says Giovanni (Gio. Union Bank of California Finance Union Bank Plaza Los Angeles, CA Office Anadarko Petroleum Corporation Mining, Oil & Gas Extraction. LOS ANGELES-Newport Beach, CA-based KBS Real Estate Investment Trust II has acquired Union Bank Plaza, a landmark 627,334-square-foot office tower. KBS Real Estate Investment Trust II Inc. December 18, 2018. Its lease. for $104 million. KBS Growth & Income REIT . Pro Forma Adjustments KBS REIT II Union Bank Historical (a) Plaza (b) Pro Forma Total Assets Real estate, net of deposits received $ 93,500 $ (93,500) $ - Cash and cash equivalents 46,440 90,245. KBS Capital Markets Group . Properties. The sale was in connection with the company’s plan of liquidation which was announced in March. c/o KBS Capital Advisors LLC. John McAniff and Tim Miller of Jones Lang LaSalle represented KBS REIT II in the transactions. The Company’s wholly-owned subsidiary, KBS REIT Holdings II LLC, a Delaware limited liability company formed on August 23, 2007 (“KBS REIT Holdings II”),. In a December 3, 2019, letter to shareholders, KBS Real Estate Investment Trust II, Inc. ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT . October 6, 2020 - Union Bank Plaza Designated First Skyscraper in Los Angeles as a Historic Landmark » September 30, 2020 - KBS Sells 250 Holger Way at District 237 ». KBS and Schreiber pushed the. . Office Value Added Fund. Figueroa St. , announced that its board of directors has approved an estimated net asset value (“NAV”) per share of its common stock of $9. You have been redirected to the KBS Capital Markets Group website. Pursuant to the Agreement, the sale price for Union Bank Plaza was $155. Comments / 0. Waterbridge Capital Ltd acquired Union Bank Plaza in Los Angeles from KBS Real Estate Investment Trust II, Inc. January 6, 2016. Dear KBS REIT II Investor: On December 8, 2015, KBS Real Estate Investment Trust II, Inc. Waterbridge Capital Ltd acquired Union Bank Plaza in Los Angeles from KBS Real Estate Investment Trust II, Inc. * From July 2008 through August 2014, KBS REIT II paid monthly distributions that were calculated at a daily rate of $0. C O MExhibit 10. By Natalie Dolce | Updated on September 17, 2010. JLL Income Property Trust Reports Lower Monthly NAV Per Share, Fulfillment of All Share Repurchases. KBS said it plans to fund the Union Bank Plaza buy with proceeds from a mortgage loan—the terms of which it still is negotiating—as well as cash it has raised for the trust. 7 acres of land.