This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kilroy Realty Adds To Its Media Portfolio With Columbia Square In Hollywood And Tribeca West In West L.A.

Kilroy Realty Corporation (NYSE: KRC) today announced that it has expanded its market position within Southern California’s improving technology, media and entertainment economy with the $65 million acquisition of Columbia Square, a historic media campus in Hollywood, and the expected early fourth quarter acquisition of Tribeca West, a West Los Angeles entertainment-oriented office property, for $73 million.

Columbia Square is a fully-entitled 4.7 acre site in the heart of Hollywood that includes the opportunity to redevelop three existing historic buildings and to develop a new mixed-use media campus that preserves the historic character, while creating a new state-of-the-art office project, a residential community, and an amenity-rich retail environment. Tribeca West is a 151,000 square-foot office property in West Los Angeles that caters to entertainment production and post-production work.

Together with KRC’s recent Sunset Media Center acquisition in Hollywood and its other Westside properties, including Westside Media Center and Santa Monica Media Center, the company has created a significant platform of media-related properties in Los Angeles that will cater to KRC’s expanding roster of entertainment-oriented tenants, generating marketing synergies for the company across the region.

Columbia Square Acquisition

KRC paid $65 million to acquire Columbia Square, a campus that includes three historic office buildings totaling approximately 96,000 square feet that were the former home of the CBS network’s Los Angeles radio and television operations, and a site that is fully entitled for the development of an office, retail and multi-family mixed-use project under a fifteen-year development agreement. Located at 6121 W. Sunset Blvd., Columbia Square is just two blocks from the storied corner of Sunset and Vine and one block from KRC’s Sunset Media Center. The two campuses are surrounded by significant retail amenities as well as the Metro Redline. Neighbors include the Academy Awards, Grauman’s Chinese Theater, Capitol Records, Live Nation, Time Warner, CNN’s West Coast broadcasting center and prominent motion picture studios.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs