trending Market Intelligence /marketintelligence/en/news-insights/trending/xgt2cz94kc0d4fetipipzq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

KBS Strategic Opportunity REIT II JV to acquire $102.5M Calif. apartment building

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns

Video

The Global Impact of COVID-19

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

COVID-19 Could Hamper Broadcast Ad Revenues In Q1’2020


KBS Strategic Opportunity REIT II JV to acquire $102.5M Calif. apartment building

A wholly owned KBS Strategic Opportunity REIT II Inc. subsidiary, in ajoint venture with Noho Commons Pacific Investors LLC, will acquire the 292-unitLofts at NoHo Commons property in North Hollywood, Calif., from Redrock NohoResidential LLC for $102.5 million.

Noho Commons Pacific Investors is managing member of thejoint venture, but KBS owns a 90% stake in the joint venture and must approveall of its major business decisions.

The venture intends to fund the purchase with contributionsfrom its members and proceeds from a mortgage loan that is currently undernegotiation. KBS strategic will fund its contributions with proceeds from itsongoing best-efforts offering.