QUOTABLE: Schreiber is optimistic about the U.S. commercial real estate market, claiming that it is … Alfonso el Sabio 9 3D 03002 Alicante Spain. Union Bank Plaza’s owner had reason to celebrate this month. Two of the eight under construction have been preleased. The project consists of the 677,055-square-foot office tower, a two-level 24,833-square-foot retail plaza and a 914-space, four-level parking structure (providing a ratio of 1.5 spaces per 1,000 square feet). Premiere Commercial Real Estate Properties | KBS Union Bank Plaza, a modernist Downtown L.A. landmark, undergoes $20 million renovation KBS Capital Markets Group is a member FINRA & SIPC. 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. The property consists of a two-level retail center; a two-acre landscaped outdoor plaza; and a four-level parking structure that provides ample parking. The remodel will include an updated two-story retail level, an updated conference center, outdoor seating with fire pits and a new lobby. KBS Real Estate Investment Trust II has launched a $20 million renovation of Union Bank Plaza (UBP) in downtown Los Angeles. Contact Us Newsletter Sign-Up . A $20 million overhaul of Downtown’s Union Bank Plaza is scheduled to begin next month. The tower rises 40 stories high above the 110 Freeway, providing expansive views of the Los Angeles region along with highly convenient access to major freeways and public transit. Please reach out to your financial advisor or financial representative for more information. Bordered by the 110 Freeway to the West, the property also provides convenient access to the major Los Angeles freeways. | All Rights Reserved. Los Angeles. The property was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los Angeles Conservancy. Contact Us Newsletter Sign-Up . A modernized conference center will offer a dynamic space for events. KBS Real Estate Investment Trust II is planning a major overhaul of the Union Bank Plaza building in Downtown Los Angeles. The property demonstrates a very high historical occupancy level, with some of the existing tenants (including the anchor tenant, Union Bank) having been in occupancy since the building was completed more than 40 years ago. Leased Percentage (at the time of Acquisition): 95.6%. Ultimately, KBS Realty did not oppose the nomination, and the company is now fully prepared to embrace the value of the property’s newly achieved historic standing. KBS Embarks on a $20 Million Repositioning Project for Union Bank Plaza in Downtown Los Angeles KBS continues its commitment to DTLA by adding state-of … The property is located at 445 S. Figueroa St. Union Bank Plaza is a commercial building located along Meralco Avenue cor. It is named for anchor tenant Union Bank, which has called the building home since its construction in 1967. Designed by A.C. Martin, the 40-story office tower was constructed in 1967 and has been institutionally owned and maintained for most of its life. Spain. 1968 Threat The tower and adjoining plaza are owned by KBS Realty Advisors, which, on July 9, 2019, publicly announced plans for a $20 million renovation to the plaza. The remodel will include an updated two … Union Bank Plaza is an iconic Class A office tower located at 445 South Figueroa Street, in the heart of the Central Business District in downtown Los Angeles. We developed an interactive app that served to augment the Sales Center. Awards shown may represent a specific event and do not constitute an endorsement of KBS by any of the entities shown. Logos shown represent awards or honors attributable to KBS properties in the last five years. Visitors and tenants will enter a newly designed lobby before reaching their destination via upgraded elevator cabs. Contact Us Newsletter Sign-Up . Some properties may reflect multiple buildings where some of the buildings at the property do not possess LEED or Energy Star certifications. The 40-story tower at 445 South Figueroa Street includes 677,055 square feet of office space and nearly 25,000 square feet for retail. SEE ALSO: SL Green Lands $360M Refi for 100 Park Avenue The 40-story, 701,888-square-foot tower and its retail plaza span a full city block at 445 South Figueroa Street in the Bunker Hill area. Newport Beach, CA-based KBS launched a $20 million renovation of Downtown Los Angeles’ iconic Union Bank Plaza. KBS, owners of Union Bank Plaza, will begin construction this month on a $20-million renovation that will encompass the building's private suites and common spaces. If you should have any questions, please contact (855) 434-4527. KBS has started a $20 million renovation on downtown’s Union Bank Plaza, the group announced July 9. Improvements will include an updated retail center, conference center, outdoor seating area and lobby. Union Bank Plaza is an iconic presence in the Downtown Los Angeles skyline. Los Angeles. 445 S. Figueroa Street, Check the background of this firm and its investment professionals on FINRA’s BrokerCheck. This is "KBS Union Bank Plaza Film" by Kilograph on Vimeo, the home for high quality videos and the people who love them. All located in the center of Downtown LA — where commerce, art and entertainment meet. coffee shops, banks, atm, restaurants, hotels, dry cleaners, ice cream, etc). On August 15, 2019, the Cultural Heritage Commission voted unanimously, 5–0, to confer landmark status on Union Bank Plaza. Located at 445 S. Figueroa St., the 701,888 square-foot Class A office tower, two-level retail center, parking structure and two-acre landscaped outdoor plaza is owned by KBS Real Estate Investment Trust II. 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. KBS Union Bank Plaza Film. Anchored by a 701,888 sf office tower, the property also features a bustling retail center wrapped around a … The building was the first skyscraper to become a historical landmark and it wrapped the first phase of a $20 million renovation. The iconic 1967-built asset at 445 S. Figueroa St. is owned by KBS Real Estate Investment Trust II. Spain. You have been redirected to the KBS Capital Markets Group website. The project, designed by HLW International, will bring new outdoor seating and fire pits to the property’s open-air retail center at 5th and Figueroa Streets. Learn How KBS is Creating Safe Work Environments. Los Angeles, CA 90071. The 40-story, 627,000-square-foot … Union Bank Plaza, Los Angeles, CA - Photo courtesy University of California-Berkeley, ca. LEED and Energy Star designations may reflect certifications received prior to the current year. Designed by influential LA architect A.C. Martin, the building is undergoing a transformative renovation. ... KBS Architect Design. Company has wrapped lease deals with nearly 60 companies totaling some 3.5M SF since the start of last year. Union Bank Plaza KBS Capital Advisors is scheduled to complete renovation at the Union Bank Plaza in Downtown Los Angeles this year. KBS has completed the first phase of the renovation and historic preservation of Union Bank Plaza, a 701,888-square-foot, 40-story office tower in downtown Los Angeles. Looking to sell some holdings, including L.A.’s Union Bank Plaza. Alfonso el Sabio 9 3D 03002 Alicante Spain. Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline. KBS Realty Advisors has completed the first phase of the $20 million renovation of the Union Bank Plaza office tower in Downtown Los Angeles. © 2021 KBS Capital Markets Group, LLC. UnionBank Plaza is an office skyscraper located in Pasig, Philippines.It rises 206 metres (676 feet) from ground level to roof, and is currently the tallest complete building in Pasig City, and the 14th-tallest building in the country and Metro Manila as well.The building has 49 levels above ground, and 6 basement levels. Built in 1967, Union Bank Plaza at 445 South Figueroa St. … And the outdoor plaza is being enhanced with fire pits, workspaces and comfortable seating for people to gather and connect. Other names the building has commonly been known as, including former names, common informal names, local names, etc. KBS’ Giovanni (Gio) Cordoves says, “The repositioning project provided the opportunity for Union Bank Plaza ‘to be seen in a new light’ while still maintaining the historic characteristics that make it so unique. KBS acquired Union Bank Plaza from Hines for $208M in 2010, according to CRE data site Reonomy. 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. Union Bank Plaza. Anchored by a 701,888 sf office tower, the property also features a bustling retail center wrapped around a spacious outdoor courtyard. Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline. Onyx St, Pasig City with a floor plate of 1,298sq.m. Contact Us Newsletter Sign-Up . Rod Richerson, Western regional president for KBS and Union Bank Plaza. We developed an interactive app that served to augment the Sales Center. The landscaped plaza of Union Bank Plaza with John C. Portman Jr.’s Westin Bonaventure Hotel in the background. Use the search box above to find local area amenities (e.g. KBS is also creating speculative tenant suites. Harrison & Abramovitz Architect of Record. KBS Real Estate Investment Trust II Inc., 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 project consists of the 677,055-square-foot office tower, a two-level 24,833-square-foot retail plaza and a 914-space, four-level parking structure (providing a ratio of 1.5 spaces per 1,000 square feet). The property was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los Angeles Conservancy. KBS has started a $20 million renovation on downtown’s Union Bank Plaza, the group announced July 9. 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. KBS Union Bank Plaza Film. Union Bank Plaza is an iconic presence in the Downtown Los Angeles skyline. The property is named for its anchor tenant, Union Bank, N.A., which has had a presence in the building since its completion. Other Names. Fresh off the sale of a $1.2 billion office portfolio, KBS Capital Market … Newport Beach-based KBS Realty is looking for a steep profit on a major Downtown Los Angeles holding: Union Bank Plaza. 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