Office

KBS of Newport Beach, CA, acquired the 10-story 188,950-square-foot office property in 2015 in a joint venture with a sovereign partner.

The investor sees Phoenix as a strategic long-term investment market, and is looking to expand its portfolio.

Since the adoption of the master plan in 2001, Flower Mound has envisioned corporate office buildings along International Parkway to serve both as an employment center and a boost to the commercial tax base.

The 21-story Financial District office building was sold reportedly to pay estate taxes for the late Jack Rudin.

The 12-year lease will commence in April 2020 upon renovations to the 270,000SF space.

KBS is launching a spec suite program as part of the renovation of its Union Bank Plaza in Downtown Los Angeles.

The San Diego-based flexible workplace provider is entering the Philadelphia market and will occupy two floors at the recently renovated 850,000-square-foot office building.

1001 Durham Ave. offers an opportunity to upgrade the property to reposition and lease-up as a single-tenant or a multi-tenant office building or be a redeveloped into an industrial facility.