CHARLOTTE, North Carolina (April 11, 2024) – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces that it signed 111,673 square feet in lease agreements in 2023 at Carillon, a 488,277 square-foot, Class A office tower in uptown Charlotte, North Carolina. In addition, the firm completed an impressive $1.5 million renovation to the property. Carillon is owned by KBS Real Estate Investment Trust III. The leasing activity reinforces the consistent performance of high-quality, well-amenitized office properties in strong locations, accordi ..read more

The post Charting the course of ESG: Shifting from commitments to concrete actions, exploring perspectives, progress, and future priorities in the realm of ESG appeared first on KBS ..read more

Less than a half mile from downtown Bellevue, WA, lies Ridgewood Corporate Square, a sprawling seven-building park-like office campus nestled amid 14 acres of lush greenery and meandering walkways. Ridgewood Corporate Square offers convenient access to nearby Seattle, the “Emerald City,” but the story of this KBS property is much more than meets the eye. Creating Opportunities During Downturns in the EconomyNearly 15 years ago, the Great Recession hampered the growth of many sectors and industries, including commercial real estate (CRE). The industry saw transaction volume plunge by as much as ..read more

In addition to a rental housing shortage, the United States has many older commercial buildings that are now vacant. Experts say adaptive reuse may be the solution to both. It’s a strategy that’s gained traction in the commercial real estate (CRE) industry, which involves repurposing existing buildings to create new, functional spaces that serve the needs of the current market. According to CoStar, office vacancies average 13.2% nationwide. Additionally, many leases are set to expire in the coming years. There’s a stark bifurcation in the market where 90% of all U.S. office vacancies are conta ..read more

Providing exceptional customer service is just one of the ways KBS distinguishes itself among the commercial real estate industry’s very best. Each market in which we own buildings is different; that’s why we believe it’s crucial to find the best property management team in those areas. Our property management teams help us in positioning each asset to best serve the building’s tenants and the surrounding communities. Every year, we salute property management team members who regularly exceed expectations, having made an enduring and consistent impression upon the people with whom they work, s ..read more

By Marc DeLuca, KBS Chief Executive Officer and Regional President, Eastern U.S. This article originally appeared on Forbes.com. There’s been a lot of buzz about the future of office buildings — from their role in business to residential conversion. But even though the term “office” has been broadly used to categorize workplaces, not all office space is created equal. It’s true that the office sector is experiencing a post-pandemic inflection point. Yet, despite this disruptor, I see office properties repopulating as businesses recognize the value of a central place to work. These values ..read more

Attorneys were uniquely impacted by the pandemic. Before March 2020, most law firms wouldn’t have dreamed of giving up their office space to work remotely. The legal industry is known for maintaining physical documents that need to be stored in large file cabinets in-office. Additionally, when preparing for trial, lawyers tend to spend long days, nights and weekends in the office preparing. New associates have benefitted from the in-person, in-office interaction being in the office facilitates. At the beginning of the pandemic, many KBS legal tenants were the first to reach out about shrinking ..read more

The post Her journey: Women of the industry share their early career beginnings with the next generation appeared first on KBS ..read more

Marc DeLuca, CEO and eastern regional president of KBS Although nearly every company has had to reevaluate how it uses office space post-pandemic, the overwhelming majority are realizing that they still need a physical office for their teams — for collaboration, culture, mentorship, and events. Whether physically in an office or working from home, companies are being drawn to better-quality work environments. Yet, in a workplace that is redefining itself, many of today’s businesses are struggling to find office space that satisfies all their needs while allowing them to remain competitive and ..read more

FRANKLIN, Tenn. (2/22/2024) – Boyle Investment Co. (Boyle) is furthering its reputation as a community builder by expanding its footprint in the heart of Cool Springs through the acquisition of The McEwen Building for $48.75 million from KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation.KBS Real Estate Investment Trust III, Inc. acquired the building in 2012. The 175,000-square-foot Class A office building with ground-floor retail offerings is located at 1550 West McEwen Drive in the popular McEwen Southside development. It sits directly acr ..read more