Kbs reit ii union bank plaza. costco roasted chicken sandwich calories. Kbs reit ii union bank plaza

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. This Assignment and Assumption of Purchase Agreement (“Assignment”) is entered into between KBS CAPITAL ADVISORS LLC, a Delaware limited liability company (“Assignor”), and KBSII 445 SOUTH FIGUEROA, LLC, a Delaware limited liability company (“Assignee”),. On July 20, 2022, KBS REIT agreed to sell Union Bank Plaza to a Waterbridge [. (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. "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. massachusetts scratch ticket odds; mug wrap template; 36 volt ezgo solenoid wiring diagramThe information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust II’s (the “Company” or “KBS REIT II”) Annual Report on Form 10-K for the year ended December 31, 2017 (the “Annual Report”), and in the Company’s QuarterlyThe KBS REIT has been working to sell its properties as part of a plan to liquidate the public body. Jan 9, 2023. 2 million as the liquidation value was adjusted based on the contractual sales price less estimated closing credits as the property is currently under contract to. . Kbs reit ii union bank plaza. KBS Real Estate Investment Trust II Inc. 5 million. Last month, the Los Angeles Business Journal reported that RC Acquisitions, an affiliate of Pacific Reach Properties, had struck a deal to purchase the 40-story Union Bank Plaza building in the Financial District from KBS […]Waterbridge Capital Ltd acquired Union Bank Plaza in Los Angeles from KBS Real Estate Investment Trust II, Inc. Purchase and Sale Agreement for Sale of Union Bank Plaza. (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. wgu c236 pre assessment. KBS Capital Markets Group . KBS announces the close of up to $500 million loan facility. Dear KBS REIT II Stockholder: On December 9, 2021, KBS Real Estate Investment Trust II, Inc. In Jyske Bank you can get a full range of financial solutions to retail as well as corporate clients. 0. (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. KBS REIT II Sells Union Bank Plaza for Big Loss. SOLD. . As used herein, the terms "we," "our" and "us" refer to KBS Real Estate Investment Trust II, Inc. 1 billion since 2008. The KBS Realty Advisors-owned tower is 62% leased, and the weighted average lease. Willow Oaks. 29: CIRewind the tape — one of Downtown L. SOLD. Waterbridge Capital Ltd acquired Union Bank Plaza in Los Angeles from KBS Real Estate Investment Trust II, Inc. KBS REIT II, the acquiring entity, is funding the […]Dear KBS REIT II Stockholder: On November 13, 2019, KBS Real Estate Investment Trust II, Inc. 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 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. Gallery map . signing of 72,717 square-feet in leases at its Union Bank Plaza, a 627,334-square-foot office/retail tower in Los Angeles. The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust II’s (the “Company” or “KBS REIT II”) Annual Report on Form 10-K for the year ended December 31, 2017 (the “Annual Report”), and in the Company’s QuarterlyW W W . Ultimately, the company sold the property for just $104 million plus $6 million in capital obligations to current tenants. Fountainhead Plaza Granite Tower Union Bank Plaza Willow Oaks Corporate Tech Centre. (Exact Name of Registrant as Specified in Its Charter) _____ Maryland: 000-53649: 26-0658752 (State or Other Jurisdiction of Incorporation or Organization). KBS Real Estate Investment Trust II Inc. Purchase and Sale Agreement and Escrow Instructions by and between KBSII 445 South Figueroa LLC and WB Union Bank Plaza Holdings LLC, dated July 20, 2022 (Filed With. has plans to sell its Union Bank Plaza office building in Los Angeles to Pacific Reach Properties for $280 million. Learn How KBS is Creating Safe Work Environments . from KBS Real Estate Investment Trust II, Inc. Properties. KBS REIT Properties II, LLC (“REIT Properties II”) is providing a limited guaranty. 2023, then the sale price for Union Bank Plaza is $155. Sunday, 7 August 2022. 30: WB Union Plaza Holdings LLC completed the acquisition of Hines VAF UB Plaza, L. Figueroa St. This represents a decrease from the December 2018 estimated value per share. , a publicly registered non-traded real estate investment trust,. 3 On December 8, 2017, the KBS REIT II board of directors approved an estimated value per share of the REIT’s common stock of $4. < Back to kbs-real-estate-investment-trust-ii KBS Real Estate Investment Trust II Assets. RE: Loan No. K B S . As previously disclosed on Form 8-K, the Company and the Purchaser amended the Agreement on October 14, 2022, November 23, 2022, December 9, 2022, December 29, 2022, January. • Convenient Online Sales Portal. for $104 million. Mar 31, 2023. KBS REIT II partially financed its acquisition of Union Bank Plaza with a $119. W W W . has acquired Los Angeles' trophy Union Bank Plaza from Hines for $208 million. Union Bank Plaza. KBS Realty Advisors, through its KBS REIT II subsidiary, has an agreement to sell the 40-story Union Bank Plaza in downtown Los Angeles to Waterbridge Capital. For example, in September 2017, the Company failed to sell its $280 million Union Bank Plaza (Los Angeles, CA) to a potential buyer, which represented a setback to liquidation plans for KBS shareholders. 15 filing with the Securities and Exchange Commission indicated that KBS Growth & Income REIT defaulted on a loan for a. Please reach out to your financial advisor or financial representative for more information. Alts News. The non-traded investment trust has raised some $1. The buyer, Waterbridge Capital, purchased the asset for $104. KBS Sells TOBY Award-Winning 675,945 Square-Foot Property in Downtown Los Angeles. Mar. The purchaser, Pacific Reach Properties affiliate RC Acquisitions,. Facing the larger troubles engulfing the office market, KBS sold the Union Bank Plaza tower in Downtown Los Angeles for a big discount to the Schreiber-run Waterbridge Capital after several rounds of descending bids, Commercial Observer has learned. ’s (the “REIT”) board of directors approved an updated estimated value per share of the REIT’s common stock of $3. incorporation or organization) (Commission File Number) (IRS Employer. Mar. 29: CISeptember 9, 2021. (OTCPK : KBRS) for $110 million. L. * From July 2008 through August 2014, KBS REIT II paid monthly distributions that were calculated at a daily rate of $0. KBS REIT II purchased the Class A property in December 2010 for $149 million, which was reportedly. KBS REAL ESTATE INVESTMENT TRUST II, INC. View all articles. The shopping spree continues for KBS Real Estate Investment Trust II Inc. JLL Income Property Trust Reports Lower Monthly NAV Per Share, Fulfillment of All Share Repurchases. m. Union Bank Plaza. On March 5, 2020, KBS REIT II’s stockholders approved the sale of all of KS REIT II’s assets and its dissolution pursuant to the terms of KS REIT II’s plan of complete liquidation and dissolution (the “Plan of Liquidation”). (Exact Name of Registrant as Specified in Its Charter) _____ Maryland: 000-53649: 26-0658752 (State or Other Jurisdiction of Incorporation or Organization). The information contained herein should be read in conjunction with, and is qualified by, the information in KBS Real Estate Investment Trust II’s (the “Company” or “KBS REIT II”) Annual Report on Form 10-K for the year ended December 31, 2017 (the “Annual Report”), and in the Company’s Quarterlyto purchase Union Bank Plaza for $280 million, but later “exercised its right to terminate the agreement. LLC, KBSII REIT Acquisition II, LLC and 100-600. Waterbridge Acquires DTLA's Union Bank Plaza for $104M. costco roasted chicken sandwich calories. , a publicly registered non-traded real estate investment tru. As previously disclosed, on July 20, 2022, KBS Real Estate Investment Trust II, Inc. In addition the buyer assumed approximately $6. July 9, 2019 - KBS Embarks on a $20 Million Repositioning Project for Union Bank Plaza in Downtown Los Angeles » June 17, 2019 - KBS REIT II Declares Special Distribution » June 12, 2019 - Fairfax Radiological, Hardesty & Hanover and Right at Home Sign More than 30,000 Square Feet in Leases at KBS’s Willow Oaks Corporate Center ». Waterbridge Capital Investments. 00178082 per share per day and equaled a daily amount that, if paid each day for a 365-day period, equaled a 6. 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. 30: CI WB Union Plaza Holdings LLC completed the acquisition of Hines VAF UB Plaza, L. , 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. (Exact Name of Registrant as Specified in Its Charter) _____ Maryland: 000-53649: 26-0658752 (State or Other Jurisdiction of Incorporation or Organization). , investment manager had struck a. View Offering. Union Bank is the anchor tenant with 375,000 square feet, according to Real Capital Analytics. Assumption Agreement (the “Agreement”) with KBS Capital Advisors Sub REIT II Liquidation LLC (the “Assignee”), a. Alts News. Search KBS Real Estate Investment Trust II, Inc. Dear KBS REIT II Stockholder: On November 13, 2019, KBS Real Estate Investment Trust II, Inc. for $104 million. KBS REIT II intends to use the proceeds from the sale of this asset to make. ) 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. (the "Company"), through an indirect wholly owned subsidiary, acquired a 40­story office building located in Los Angeles, California Union Bank Plaza "). Union Bank Plaza, located in downtown Los Angeles, appraised for 17. A. with the purchase of National City Tower, a 723,300-square-foot office building in downtown Louisville, Ky. business contracts filed with the Securities and Exchange Commission. 0 million,. Created with Sketch. The 40-story, 701,888-square-foot office building sold for between $105 million. KBS Real Estate Investment Trust II Inc. Union Bank Plaza was under contract in September 2017KBS' Union Bank Plaza (Photo: Business Wire). Snapshots; Distribution History; Webcast; About Us. Union Bench Plaza Sells For $104M, Half What KBS Paid For It . Fairfax, Virginia. “Union Bank Plaza was the final building in REIT II, a fund which we are in the process of liquidating,” said Giovanni Cordoves, western regional president for KBS. 95 (unaudited) (the “December EVPS”) based on. . Date and Time. As of March 23, KBS REIT II Inc. Attn: Hiep Diep. Next article ADISA Video: Investing in Manufactured Housing. KBS REIT II inked nearly 73k SF of deals at Union Bank Plaza,. On September 15, 2010, KBS Real Estate Investment Trust II, Inc. K B S . Union Bank Plaza is a 40‑story office building located in downtown Los Angeles, comprised of 701,888 rentable square feet on approximately 3. SUBSCRIBE. Los Angeles Office View count: Los Angeles. The Union Bank Plaza complex is composed of three principal components: a two-story. open menu. Local News. On April 25, 2023, KBS Real Estate Investment Trust II, Inc. . Pursuant to the Agreement, the sale price for Union Bank Plaza was $155. “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. 2% leased at the end of December 2018. The Company’s wholly-owned subsidiary, KBS REIT Holdings II LLC, a Delaware limited liability company formed on August 23, 2007. KBS REIT II has owned the property since 2010, when it acquired the building from Hines for $208 million, property records show. SEC Files Settled Action Against RIA for Mispricing NAVs. LOS ANGELES — An affiliate of KBS Cos. I-81 Industrial Portfolio. If you should have any questions, please contact (855) 434-4527DENVER, Colo. KBS Real Estate Investment Trust II Inc. Cities. extended the maturity date of its existing mortgage loan secured by its Union Bank Plaza in Los Angeles to March 15, 2017, from Sept. Schreiber received a $13 million loan from KBS that can be used to purchase the building if it closes before March 8. 1. 79. KBS Welcomes Fredrikson & Byron’s Move-In to 158,000-SF. July 25, 2022. The buyer, Waterbridge Capital, purchased the asset for $104 million. S. ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT . KBS Growth & Income REIT . KBS REAL ESTATE INVESTMENT TRUST II, INC. (OTCPK : KBRS) for $110 million. KBS REIT II closed its primary offering in December 2010 after raising $1. Mar. KBS Real Estate Investment Trust II Inc. KBS Real Estate Investment Trust II, Inc. Tuesday, June 29, 2021 at 9:00 a. . On September 15, 2010, KBS Real Estate Investment Trust II, Inc. . Carter Exchange Sells Georgia Property, Delivers 32% Return to Investors. 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. 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. CI Mar. Research by. 0 million less a credit towards the purchase price of $13. . NEWPORT BEACH, Calif. in Downtown Los Angeles for $280 million, according to. KBS Real Estate Investment Trust II Inc. The Final Liquidating Distribution was funded from proceeds from the sale of Union Bank Plaza which closed on March 30, 2023, and the remaining net proceeds from KBS REIT. Read the KBS Press Release here. •In addition, KBS REIT II’s last remaining asset, Union Bank Plaza, located in Los Angeles, CA is currently being marketed for sale. CIKBS Strategic Opportunity REIT II Closes on $13. Jun 24, 2022, 10:51 AM. KBS REAL ESTATE INVESTMENT TRUST II, INC. . mini dachshund puppies for sale tulsa ok. Figueroa St. Isabella Farr. KBS Real Estate Investment Trust II Inc. In a December 3, 2019, letter to shareholders, KBS Real Estate Investment Trust II, Inc. Harbor Associates backs off $165M offer for 40-story office tower in DTLA. 5 million, according to a filing with the Securities and Exchange Commission. Western regional president for KBS, said in a statement. filed with the Securities and Exchange Commission. Granite Tower Union Bank Plaza Willow Oaks Corporate Tech Center Region 1 6% 6% 7% 5% 23% 3% 3% 2%. The contract price […]KBS remains big buyer as value sags on REITKBS REAL ESTATE INVESTMENT TRUST II, INC. KBS Capital Markets Group has completed the first phase of the $20 million renovation of the Union Bank Plaza office tower in Downtown Los Angeles. 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”),.