coffee shops, banks, atm, restaurants, hotels, dry cleaners, ice cream, etc). 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. Union Bank Plaza’s owner had reason to celebrate this month. Spain. Alfonso el Sabio 9 3D 03002 Alicante Spain. All located in the center of Downtown LA — where commerce, art and entertainment meet. LEED and Energy Star designations may reflect certifications received prior to the current year. 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). 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. Union Bank Plaza is a commercial building located along Meralco Avenue cor. Other names the building has commonly been known as, including former names, common informal names, local names, etc. Designed by influential LA architect A.C. Martin, the building is undergoing a transformative renovation. ... KBS Architect Design. And the outdoor plaza is being enhanced with fire pits, workspaces and comfortable seating for people to gather and connect. Improvements will include an updated retail center, conference center, outdoor seating area and lobby. Contact Us Newsletter Sign-Up . This is "KBS Union Bank Plaza Film" by Kilograph on Vimeo, the home for high quality videos and the people who love them. 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. Newport Beach-based KBS Realty is looking for a steep profit on a major Downtown Los Angeles holding: Union Bank Plaza. Union Bank Plaza, Los Angeles, CA - Photo courtesy University of California-Berkeley, ca. KBS is also creating speculative tenant suites. The owner plans to invest $20 … 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. © 2021 KBS Capital Markets Group, LLC. Company has wrapped lease deals with nearly 60 companies totaling some 3.5M SF since the start of last year. You have been redirected to the KBS Capital Markets Group website. Rod Richerson, Western regional president for KBS and Union Bank Plaza. 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. 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. Newport Beach, CA-based KBS launched a $20 million renovation of Downtown Los Angeles’ iconic Union Bank Plaza. Union Bank Plaza is an iconic presence in the Downtown Los Angeles skyline. The remodel will include an updated two-story retail level, an updated conference center, outdoor seating with fire pits and a new lobby. KBS acquired Union Bank Plaza from Hines for $208M in 2010, according to CRE data site Reonomy. Union Bank Plaza is an iconic presence in the Downtown Los Angeles skyline. 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. Awards shown may represent a specific event and do not constitute an endorsement of KBS by any of the entities shown. 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. The property is named for its anchor tenant, Union Bank, N.A., which has had a presence in the building since its completion. KBS has started a $20 million renovation on downtown’s Union Bank Plaza, the group announced July 9. Two of the eight under construction have been preleased. Los Angeles. 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. Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline. Use the search box above to find local area amenities (e.g. Onyx St, Pasig City with a floor plate of 1,298sq.m. Anchored by a 701,888 sf office tower, the property also features a bustling retail center wrapped around a … Learn How KBS is Creating Safe Work Environments. It is named for anchor tenant Union Bank, which has called the building home since its construction in 1967. 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. Some properties may reflect multiple buildings where some of the buildings at the property do not possess LEED or Energy Star certifications. Check the background of this firm and its investment professionals on FINRA’s BrokerCheck. The building was the first skyscraper to become a historical landmark and it wrapped the first phase of a $20 million renovation. QUOTABLE: Schreiber is optimistic about the U.S. commercial real estate market, claiming that it is … Union Bank Plaza KBS Capital Advisors is scheduled to complete renovation at the Union Bank Plaza in Downtown Los Angeles this year. Please reach out to your financial advisor or financial representative for more information. 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. Premiere Commercial Real Estate Properties | KBS Union Bank Plaza, a modernist Downtown L.A. landmark, undergoes $20 million renovation If you should have any questions, please contact (855) 434-4527. Spain. Built in 1967, Union Bank Plaza at 445 South Figueroa St. … We developed an interactive app that served to augment the Sales Center. 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. KBS Capital Markets Group is a member FINRA & SIPC. KBS Real Estate Investment Trust II is planning a major overhaul of the Union Bank Plaza building in Downtown Los Angeles. 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 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. Harrison & Abramovitz Architect of Record. Los Angeles, CA 90071. Bordered by the 110 Freeway to the West, the property also provides convenient access to the major Los Angeles freeways. KBS-affiliated entities have invested in and managed commercial real estate assets on behalf of clients that include large institutions, such as public and private pension plans, endowments, foundations, ... Union Bank Plaza +1 213 550 2611 vicki.conrad@unionbankplaza.com Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline. The iconic 1967-built asset at 445 S. Figueroa St. is owned by KBS Real Estate Investment Trust II. On August 15, 2019, the Cultural Heritage Commission voted unanimously, 5–0, to confer landmark status on 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. 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). Contact Us Newsletter Sign-Up . 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 landscaped plaza of Union Bank Plaza with John C. Portman Jr.’s Westin Bonaventure Hotel in the background. We developed an interactive app that served to augment the Sales Center. Contact Us Newsletter Sign-Up . The purchaser, Pacific Reach Properties affiliate RC Acquisitions, exercised its right to terminate the […] 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 Real Estate Investment Trust II has launched a $20 million renovation of Union Bank Plaza (UBP) in downtown 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. Visitors and tenants will enter a newly designed lobby before reaching their destination via upgraded elevator cabs. Leased Percentage (at the time of Acquisition): 95.6%. | All Rights Reserved. 445 S. Figueroa Street, Union Bank Plaza. 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. KBS has started a $20 million renovation on downtown’s Union Bank Plaza, the group announced July 9. KBS Union Bank Plaza Film. KBS Union Bank Plaza Film. Logos shown represent awards or honors attributable to KBS properties in the last five years. 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. 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. The property was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los Angeles Conservancy. The remodel will include an updated two … Fresh off the sale of a $1.2 billion office portfolio, KBS Capital Market … 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. Looking to sell some holdings, including L.A.’s Union Bank Plaza. Other Names. Los Angeles. KBS Realty Advisors has completed the first phase of the $20 million renovation of the Union Bank Plaza office tower in Downtown Los Angeles. A modernized conference center will offer a dynamic space for events. A $20 million overhaul of Downtown’s Union Bank Plaza is scheduled to begin next month. 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