High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Office  | 

KBS Embarks on $20M Repositioning of DTLA’s Union Bank Plaza

Newport Beach, CA-based KBS launched a $20 million renovation of Downtown Los Angeles’ iconic 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.

KBS’ Tim Helgeson says, “Union Bank Plaza is the type of property that literally could not be built today. Covering a full city block, the property strategically connects the Bunker Hill business district with the burgeoning Figueroa Corridor.”

Multiple competitive community features will be added, including an entirely reimagined two-story retail level, high-level finishes in the conference center, a spacious, modern outdoor seating area with fire pits, and an upgraded lobby. KBS also embarked on a progressive spec suite program. Of the first eight suites currently under construction, two have been pre-leased.

The first round of demolition work will begin this month, with a completion date in Q1 2020.

Connect Bay Area is coming up July 18, 2019 at the Grand Hyatt San Francisco. Get more information, and register to attend on this link.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With KBS’ Helgeson

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

New call-to-action
New call-to-action
New call-to-action