We developed an interactive app that served to augment the Sales Center. 445 S. Figueroa Street, The landscaped plaza of Union Bank Plaza with John C. Portman Jr.’s Westin Bonaventure Hotel in the background. Onyx St, Pasig City with a floor plate of 1,298sq.m. 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. On August 15, 2019, the Cultural Heritage Commission voted unanimously, 5–0, to confer landmark status on Union Bank Plaza. 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). Company has wrapped lease deals with nearly 60 companies totaling some 3.5M SF since the start of last year. Contact Us Newsletter Sign-Up . 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. Newport Beach, CA-based KBS launched a $20 million renovation of Downtown Los Angeles’ iconic Union Bank Plaza. Union Bank Plaza is a commercial building located along Meralco Avenue cor. 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. | All Rights Reserved. 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. The building was the first skyscraper to become a historical landmark and it wrapped the first phase of a $20 million renovation. ... KBS Architect Design. Union Bank Plaza (UBP), a 701,888 square-foot, 40-story, office tower and retail plaza is redefining the Downtown Los Angeles skyline. KBS Real Estate Investment Trust II has launched a $20 million renovation of Union Bank Plaza (UBP) in downtown Los Angeles. 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. Spain. 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. KBS has started a $20 million renovation on downtown’s Union Bank Plaza, the group announced July 9. 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 . Built in 1967, Union Bank Plaza at 445 South Figueroa St. … coffee shops, banks, atm, restaurants, hotels, dry cleaners, ice cream, etc). Other names the building has commonly been known as, including former names, common informal names, local names, etc. The property was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los Angeles Conservancy. Fresh off the sale of a $1.2 billion office portfolio, KBS Capital Market … KBS is also creating speculative tenant suites. It is named for anchor tenant Union Bank, which has called the building home since its construction in 1967. We developed an interactive app that served to augment the Sales Center. © 2021 KBS Capital Markets Group, LLC. 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, Los Angeles, CA - Photo courtesy University of California-Berkeley, ca. QUOTABLE: Schreiber is optimistic about the U.S. commercial real estate market, claiming that it is … KBS Union Bank Plaza Film. Awards shown may represent a specific event and do not constitute an endorsement of KBS by any of the entities shown. Premiere Commercial Real Estate Properties | KBS Union Bank Plaza, a modernist Downtown L.A. landmark, undergoes $20 million renovation 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. Leased Percentage (at the time of Acquisition): 95.6%. 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. The 40-story, 627,000-square-foot … The purchaser, Pacific Reach Properties affiliate RC Acquisitions, exercised its right to terminate the […] And the outdoor plaza is being enhanced with fire pits, workspaces and comfortable seating for people to gather and connect. The property is named for its anchor tenant, Union Bank, N.A., which has had a presence in the building since its completion. KBS Union Bank Plaza Film. 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. LEED and Energy Star designations may reflect certifications received prior to the current year. 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. Learn How KBS is Creating Safe Work Environments. Spain. KBS Realty Advisors has completed the first phase of the $20 million renovation of the Union Bank Plaza office tower in Downtown Los Angeles. Bordered by the 110 Freeway to the West, the property also provides convenient access to the major Los Angeles freeways. The owner plans to invest $20 … Contact Us Newsletter Sign-Up . Use the search box above to find local area amenities (e.g. Alfonso el Sabio 9 3D 03002 Alicante Spain. 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. Union Bank Plaza is an iconic presence in the Downtown Los Angeles skyline. Looking to sell some holdings, including L.A.’s Union Bank Plaza. 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. 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 … Designed by influential LA architect A.C. Martin, the building is undergoing a transformative renovation. The iconic 1967-built asset at 445 S. Figueroa St. is owned by KBS Real Estate Investment Trust II. Newport Beach-based KBS Realty is looking for a steep profit on a major Downtown Los Angeles holding: Union Bank Plaza. Alfonso el Sabio 9 3D 03002 Alicante Spain. 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. Some properties may reflect multiple buildings where some of the buildings at the property do not possess LEED or Energy Star certifications. Harrison & Abramovitz Architect of Record. Please reach out to your financial advisor or financial representative for more information. 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 remodel will include an updated two … 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. 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