“This build to suit opportunity with a top technology enterprise,
located in the heart of Silicon Valley, highlights the success of KRC’s
expanding organizational capabilities in high-value West Coast real
estate markets from Seattle to San Diego”

The Synopsys office campus represents KRC’s first ground-up development
project in the greater San Francisco Bay Area and will have a projected
total investment of approximately $200 million. The fully entitled
office project includes two five-story Class A office buildings with
state-of-the-art infrastructure and amenities, designed and
pre-registered to meet LEED Gold certification requirements.

The project is situated in one of the most attractive submarkets in
Silicon Valley, nearby such tech giants as Google Inc., Intuit, Inc. and
Symantec Corporation. In addition, the property is adjacent to
transportation infrastructure with direct, convenient access to both
Light Rail and Caltrain and immediately adjacent to Highway 237.

“This build to suit opportunity with a top technology enterprise,
located in the heart of Silicon Valley, highlights the success of KRC’s
expanding organizational capabilities in high-value West Coast real
estate markets from Seattle to San Diego,” said John Kilroy, Jr., the
company’s president and chief executive officer.

“We’re now actively leveraging the market knowledge and resources of our
enlarged management team and operating platform to extend KRC’s
traditional development expertise into new West Coast submarkets. In
doing so, we are expanding our opportunities to add properties to our
portfolio at investment returns that can be significantly above those
achievable solely through acquisition.”

KRC has been an active developer of commercial real estate for most of
its 60 plus year history, preferring the heightened control over
location, design and amenities, and the potentially higher long term
returns that developing new properties can provide under the right
market conditions.

Historically, KRC has focused its development in economically dynamic
West Coast submarkets with clear long-term demand, habitually limited
supply, and high barriers to entry. Much of the company’s current
development pipeline is focused on coastal San Diego, where, over the
last decade, KRC has established market-leading positions in the
region’s principal coastal submarkets from Del Mar and Sorrento Mesa
east to the I-15 Corridor.

With the completion of the Synopsys office campus, expected in the first
quarter of 2015, KRC’s Bay Area commercial real estate portfolio will
total approximately 3.0 million square feet from Silicon Valley to Marin
County, with 2.1 million square feet centered in San Francisco’s vibrant
South of Market (SOMA) district.

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on KRC’s current expectations,
beliefs and assumptions, and are not guarantees of future performance,
results or events. Forward-looking statements are inherently subject to
uncertainties, risks, changes in circumstances, trends and factors that
are difficult to predict, many of which are outside of KRC’s control.
Accordingly, actual performance, results and events may vary materially
from those indicated in forward-looking statements, and you should not
rely on forward-looking statements as predictions of future performance,
results or events. Numerous factors could cause actual future
performance, results and events to differ materially from those
indicated in forward-looking statements, including, among others: the
ability to successfully complete development and redevelopment projects
on schedule and within budgeted amounts; risks associated with
investment in real estate assets, which are illiquid, and with trends in
the real estate industry; environmental risks; loss of key personnel;
government regulations; general economic conditions; and the
availability of cash for debt service and exposure of risk of default
under debt obligations. These factors are not exhaustive. For a
discussion of additional risk factors that could adversely affect KRC’s
business and financial performance, see the factors included under the
caption “Risk Factors” in KRC’s annual report on Form 10-K for the year
ended December 31, 2011, quarterly report on Form 10-Q for the quarter
ended March 31, 2012, and KRC’s other filings with the Securities and
Exchange Commission. All forward-looking statements are based on
currently available information and speak only as of the date on which
they are made. KRC assumes no obligation to update any forward-looking
statement made in this press release that becomes untrue because of
subsequent events, new information or otherwise, except to the extent it
is required to do so in connection with its ongoing requirements under
Federal securities laws.

Kilroy Realty Corporation, a member of the SP Small Cap 600 Index, is a
real estate investment trust active in premier office and industrial
submarkets along the West Coast. For over 60 years, the company has
owned, developed, acquired and managed real estate assets, consisting
primarily of Class A real estate properties in the coastal regions of
Los Angeles, Orange County, San Diego, greater Seattle and the San
Francisco Bay Area. At March 31, 2012, the company owned 11.8 million
rentable square feet of commercial office space and 3.4 million rentable
square feet of industrial space. More information is available at http://www.kilroyrealty.com.

Article source: http://eon.businesswire.com/news/eon/20120509006838/en

Kilroy purchased ‘201 Third Street’ – a 311,455 square foot 12-story office property, for $103.3 million. The building, currently 90% occupied, is strategically located adjacent to the Moscone Center – the largest convention and exhibition complex in the region. In addition, the property offers amenities such as higher finished ceilings, increased natural light and collaborative meeting areas, which are expected to better suit the demands of technology and media tenants of the region.

Furthermore, the property offers superior communication facilities such as the Caltrain – a California commuter rail line on the San Francisco Peninsula and in the Santa Clara Valley (Silicon Valley) in the U.S.; Bay Area Rapid Transit (BART) – a rapid transit system serving the San Francisco Bay Area; and the new Transbay Transit Center – a transportation complex in San Francisco.

With the latest transaction, Kilroy has acquired six office properties year to date in key West Coast submarkets. The aggregate cost of transaction for the purchase of approximately 1.5 million square feet of office space was $516 million. The company is also presently under various stages of negotiation to acquire three more properties for about $163 million.

Kilroy owns, develops and manages a diverse portfolio of office, industrial and multi-purpose real estate properties primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. As of June 30, 2011, the company owned 11.5 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space.

Kilroy maintains an active multi-year development program focused on the economically dynamic locations characterized by strong long-term demand, limited supply, and high barriers to entry. As such, most of the properties of the company are concentrated in the coastal submarkets of Southern California that offer both a vibrant economic backdrop for businesses and a unique quality of life for their employees.

Currently, we have a ‘Neutral’ recommendation and a Zacks #3 Rank on Kilroy that translates into a short-term ‘Hold’ rating. We also have a ‘Neutral’ recommendation and a Zacks #2 Rank (short-term ‘Buy’) for MPG Office Trust, Inc. (NYSE:MPG), a competitor of Kilroy.

 
KILROY REALTY (KRC): Free Stock Analysis Report
 

Article source: http://www.dailymarkets.com/stock/2011/09/21/kilroy-acquires-ca-office-space-2/

Kilroy purchased ‘201 Third Street’ – a 311,455 square foot 12-story office property, for $103.3 million. The building, currently 90% occupied, is strategically located adjacent to the Moscone Center – the largest convention and exhibition complex in the region. In addition, the property offers amenities such as higher finished ceilings, increased natural light and collaborative meeting areas, which are expected to better suit the demands of technology and media tenants of the region.

Furthermore, the property offers superior communication facilities such as the Caltrain – a California commuter rail line on the San Francisco Peninsula and in the Santa Clara Valley (Silicon Valley) in the U.S.; Bay Area Rapid Transit (BART) – a rapid transit system serving the San Francisco Bay Area; and the new Transbay Transit Center – a transportation complex in San Francisco.

With the latest transaction, Kilroy has acquired six office properties year to date in key West Coast submarkets. The aggregate cost of transaction for the purchase of approximately 1.5 million square feet of office space was $516 million. The company is also presently under various stages of negotiation to acquire three more properties for about $163 million.

Kilroy owns, develops and manages a diverse portfolio of office, industrial and multi-purpose real estate properties primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. As of June 30, 2011, the company owned 11.5 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space.

Kilroy maintains an active multi-year development program focused on the economically dynamic locations characterized by strong long-term demand, limited supply, and high barriers to entry. As such, most of the properties of the company are concentrated in the coastal submarkets of Southern California that offer both a vibrant economic backdrop for businesses and a unique quality of life for their employees.

Currently, we have a ‘Neutral’ recommendation and a Zacks #3 Rank on Kilroy that translates into a short-term ‘Hold’ rating. We also have a ‘Neutral’ recommendation and a Zacks #2 Rank (short-term ‘Buy’) for MPG Office Trust, Inc. (NYSE:MPG), a competitor of Kilroy.

 
KILROY REALTY (KRC): Free Stock Analysis Report
 

Article source: http://www.dailymarkets.com/stock/2011/09/21/kilroy-acquires-ca-office-space-2/

SAN FRANCISCO, Sep 07, 2011 (BUSINESS WIRE) –
Archstone, a leader in apartment investment and operations, announced
today that it has acquired a 3.15-acre development site in the Potrero
Hill neighborhood in San Francisco.

Archstone plans to build a 467-unit, well-appointed apartment community
on the parcel located at the corner of 16th and 7th
streets along Southern Embarcadero Freeway. Construction is expected to
begin by August of 2012.

“The Potrero Hill neighborhood is one of San Francisco’s most sought
after communities today,” said Neil Brown, Archstone’s chief development
officer. “It is home to a number of world-class employers, as well as
great retail and restaurant destinations. Like much of the San Francisco
Bay Area, one of our core markets, opportunities to build an apartment
community in Potrero Hill are extremely limited.”

The development site is also within a mile of dozens of high-technology
employers in the South of Market and Showplace Square neighborhoods. In
addition, the nearby Mission Bay neighborhood is anticipating the
creation of tens of thousands of employment opportunities from two new
developments — the University of California at San Francisco’s Medical
Center and Hospital and Salesforce.com’s global headquarters.

For residents working outside of the area, the San
Francisco apartments will be within one and a half miles of both a
CalTrain and a Bay Area Rapid Transit station. The public transit
systems offer easy access to a vast array of major employers in Silicon
Valley and the East Bay.

Also within a mile of the development site is an eclectic mix of popular
boutique shops, local restaurants and entertainment venues, including
Axis Cafe, the San Francisco Design Center and Bottom of the Hill.

“This is going to be an exciting place to live in an amazing
neighborhood,” said Richard Lamprecht, Archstone’s executive vice
president of development for the West Region. “We’re excited about this
acquisition and looking forward to beginning development on what will be
Archstone’s 22nd apartment community in the San Francisco Bay
Area.”

About Archstone

Archstone is a recognized leader in apartment investment and operations.
The company’s portfolio is concentrated in many of the most desirable
neighborhoods in and around Washington, D.C., Los Angeles, San Diego,
San Francisco, New York, Seattle and Boston. Archstone strives to
provide great apartment
rentals and great service to its customers–backed by service
guarantees. As of June 30, 2011, the company owned or had an ownership
position in 434 communities located in the United States and Europe,
representing 77,084 units, including units under construction. Utilizing
this tremendous amount of expertise and institutional knowledge,
Archstone now also offers comprehensive advisory services to owners and
lenders who want to maximize the value of their assets through Archstone
Real Estate Advisory Services.

SOURCE: Archstone

        Archstone
        Peter Jakel, 720-873-6392
        pjakel@archstonemail.com

Copyright Business Wire 2011

Article source: http://www.marketwatch.com/story/archstone-acquires-development-site-in-san-francisco-2011-09-07