The landscaped plaza of Union Bank Plaza with John C. Portman Jr.’s Westin Bonaventure Hotel in the background. 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. 445 S. Figueroa Street, Union Bank Plaza KBS Capital Advisors is scheduled to complete renovation at the Union Bank Plaza in Downtown Los Angeles this year. Designed by influential LA architect A.C. Martin, the building is undergoing a transformative renovation. 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). Use the search box above to find local area amenities (e.g. 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). Some properties may reflect multiple buildings where some of the buildings at the property do not possess LEED or Energy Star certifications. 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. Newport Beach, CA-based KBS launched a $20 million renovation of Downtown Los Angeles’ iconic Union Bank Plaza. The building was the first skyscraper to become a historical landmark and it wrapped the first phase of a $20 million renovation. Built in 1967, Union Bank Plaza at 445 South Figueroa St. … Union Bank Plaza, Los Angeles, CA - Photo courtesy University of California-Berkeley, ca. 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. © 2021 KBS Capital Markets Group, LLC. Los Angeles. 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. 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. 2404 Wilshire Blvd, Suite 4E Los Angeles, CA 90057 213.908.2209. Contact Us Newsletter Sign-Up . All located in the center of Downtown LA — where commerce, art and entertainment meet. KBS acquired Union Bank Plaza from Hines for $208M in 2010, according to CRE data site Reonomy. Improvements will include an updated retail center, conference center, outdoor seating area and lobby. This is "KBS Union Bank Plaza Film" by Kilograph on Vimeo, the home for high quality videos and the people who love them. The remodel will include an updated two-story retail level, an updated conference center, outdoor seating with fire pits and a new lobby. Two of the eight under construction have been preleased. The iconic 1967-built asset at 445 S. Figueroa St. is owned by KBS Real Estate Investment Trust II. Los Angeles, CA 90071. The property is located at 445 S. Figueroa St. QUOTABLE: Schreiber is optimistic about the U.S. commercial real estate market, claiming that it is … KBS Real Estate Investment Trust II has launched a $20 million renovation of Union Bank Plaza (UBP) in downtown Los Angeles. Alfonso el Sabio 9 3D 03002 Alicante Spain. 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