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Kilroy Realty Corporation to Participate in the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference



THE ANGEL–(BUSINESS WIRE) – Kilroy Realty Corporation (NYSE: KRC) announced today that members of the company’s senior management will participate in a roundtable discussion at the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference on Tuesday, September 21, 2021 will. The Live Panel The discussion is scheduled to begin around 12:00 p.m. Eastern Time and end around 35 minutes later.

The company’s participation in the virtual conference will be broadcast live as an audio webcast only and is available through the Investor Relations section of the company’s website at or available by accessing this link, A rerun will be available from September 21, 2021, approximately one hour after the live event ends, through December 22, 2021 on the company’s Investor Relations page or via the webcast link.

About Kilroy Realty Corporation

Kilroy Realty Corporation (NYSE: KRC, the “Company”, “KRC”) is a leading US rental company and developer with offices in San Diego, Greater Los Angeles, the San Francisco Bay Area, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in creating a more sustainable real estate industry, the company’s approach to modern business environments helps fuel the creativity and productivity of some of the world’s leading technology, entertainment, life science and business services companies.

KRC is a publicly traded Real Estate Investment Trust (“REIT”) and a member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office, life science and mixed-use projects.

As of June 30, 2021, KRC’s stabilized portfolio comprised approximately 14.2 million square feet of primarily office and life science space, 91.8% of which was occupied and 93.6% of which was let. In addition, the company had more than 1,000 residential units in Hollywood and San Diego with a quarterly average occupancy of 71.9%. In addition, KRC had seven ongoing development projects with an estimated total investment of 2.9 billion US dollars covering approximately 3.4 million square feet of office and life science space. 57% of the office and life science space was let, including the June start of the KOP 2 project.

A leader in sustainability and commitment to corporate social responsibility

KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 74% LEED certified, 42% Fitwel certified, the highest of any NGO, and 72% of eligible properties were ENERGY STAR certified as of June 30, 2021.

The company has been recognized as the listed sustainability leader in America for six of the last seven years by GRESB, the Global Real Estate Sustainability Benchmark. Other awards include the Leader in the Light Award from the National Association of Real Estate Investment Trust (NAREIT) for six consecutive years and ENERGY STAR Partner of the Year for eight years, as well as the highest ENERGY STAR award for sustained excellence in the last six years.

A huge part of the company’s foundation is a commitment to improving employee growth, satisfaction and wellbeing while maintaining a diverse and thriving culture. For the second year in a row, the company was listed on the Bloomberg Gender Equality Index, which recognizes companies committed to promoting gender equality through policy development, representation and transparency.

More information is available at

Forward-Looking Statements

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 our current expectations, beliefs and assumptions and are not guarantees of future performance. By their nature, forward-looking statements are subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events could differ materially from those expressed or implied in any forward-looking statements and you should not rely on any 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 expressed in the forward-looking statements, including but not limited to: global market and general economic conditions and their effects on our liquidity and financial conditions and those of our tenants; adverse economic or real estate conditions in general, and particularly in the states of California and Washington; Risks associated with our investments in illiquid real estate investments and real estate industry trends; Failure or non-renewal of rental agreements by tenants; any significant decline in tenants’ businesses; our ability to sublet properties at or above current market prices; Regulatory compliance costs, including environmental remediation; the availability of cash for distribution and debt servicing and the risk of default on debt securities; Interest rate hikes and our ability to manage interest rate risk; the availability of financing on attractive terms or at all, which may adversely affect our future interest expenses and our ability to pursue development, redevelopment and acquisition opportunities and to refinance existing debt; a decline in real estate asset valuations, which may limit our ability to sell assets at attractive prices, obtain or maintain debt financing, and which may result in depreciation or impairment; significant competition that can reduce property occupancy and rental prices; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and divestitures on the terms announced; the ability to successfully operate acquired, developed and refurbished properties; the ability to successfully complete development and refurbishment projects on time and within budgeted amounts; Delays or denials in obtaining all necessary zoning, land use and other required permissions, government permits and permits for our development and redevelopment sites; Increases in expected capital expenditures, tenant improvement and / or leasing costs; Lease defaults on land on which some of our properties are located; adverse changes in, or enactment or implementation of, tax laws or any other applicable law, regulation or statute, and business and consumer responses to such changes; Risks associated with joint venture investments, including our lack of sole decision-making power, our reliance on the financial condition of co-entrepreneurs, and disputes between us and our co-entrepreneurs; Environmental uncertainties and risks associated with natural disasters; our ability to maintain our REIT status; and uncertainties about the impact of the COVID-19 pandemic and restrictions intended to prevent it from spreading on our business and the economy in general. These factors are not intended to be exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially affect our business and financial performance, see the factors listed under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020, as well as in our other filings at the stock exchange supervisory authority. All forward-looking statements are based on currently available information and only apply as of the date of their publication. We undertake no obligation to update any forward-looking statements made in this press release that will become untrue as a result of subsequent events, new information, or otherwise, unless we are required to do so in connection with our ongoing requirements under federal securities laws.

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Real Estate News

NABOR® Economic Summit experts discuss migration and regulatory patterns



NAPLES, FL – More than 300 REALTORS®, real estate professionals and local executives interested in Collier County’s economic health and its impact on the local real estate market attended in person or virtually on the Naples Area Board of REALTORS®. part (NABOR®) ninth annual economic summit, “A View from the Top”, on Tuesday, September 7th, 2021, at the Hilton Naples. Three top economists gave a qualitative insight into the factors influencing the economy and shared their analysis of the factors influencing growth and property sales in the near future.

The data-rich hybrid event began with a welcome message from NABOR® President Corey McCloskey, followed by remarks from event sponsor BJ Cottrell, who is the managing partner of the FIRPTA Group. Longtime summit moderator Jeff Lytle set the tone of the day by assuring attendees that they would get answers to questions about the impact the pandemic is having on the economy and whether it will continue to affect the housing market.

First, Dr. Brad O’Connor, Florida Realtors® chief economist and director of industrial data and analysis, takes the stage. After Dr. O’Connor had given a comparative overview of Florida and the local housing industry, Dr. O’Connor said data showed that the Florida luxury real estate market has improved more than any other price segment over the past year. He then referred to data from the United States Postal Service (USPS) which showed that New York had the highest number of residents who moved their permanent address to Florida in 2020. The USPS data also showed that new residents came mainly from urban cities and boroughs like Manhattan, Chicago, and Boston.

The presentation by Dr. O’Connor included a historical perspective of the price data. “Prices in Florida haven’t gone down in 10 years. But while the median closing price for single-family houses has apparently stabilized in recent months, the prices for condominiums have continued to rise. “

Dr. O’Connor added, “If all of the Florida homes were on the market right now, we would have an eight month inventory.” He quickly assured the audience that the current situation of house bank defaults does not have the same qualities as it did 10 years ago due to the stricter lending rules.

Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®, announced in a virtual presentation that the “work from home” trend will outlast the pandemic and predicted that it will continue to have a major impact on where people buy a home for years to come.

With a housing shortage in America, Dr. Yun points out that rents rose 8 percent over the past year. He also predicts that rents will continue to rise as house prices are also likely to continue to rise due to our inability to meet demand. In fact, he said, “A year ago home prices were 20 percent lower, so some buyers are being priced today.” Dr. Yun also revealed that for these prospective buyers, rental payment history is used as a factor in qualifying for a mortgage.

Dr. Yun predicts that property prices will continue to rise 5 to 10 percent in Florida and potentially up to 20 percent in the Naples area.

Most recently at the summit was Dr. Elliot Eisenberg, a political economist and celebrated public speaker who was a former senior economist with the National Association of Home Builders. Dr. Eisenberg, whose style of presentation brings humor into an often banal topic, made it unmistakably clear that “the above trend growth will continue until next year”. It showed several graphs that identified consumer behavior activity during the pandemic, including the increase in retail sales when all were in quarantine and how the service sector is expected to overtake retail consumption as the preferred way to spend money now as the Consumers are less reluctant to go to their homes.

Dr. Eisenberg said, “Under normal conditions, when you exit a recession, supply and demand will collapse. But not now. ”That’s because demand has skyrocketed as people are hungry to return to pre-pandemic consumer behavior, but the influential impact of the pandemic has resulted in all production being halted – both for the retail as well as for the service sector – and production cannot keep up.

Dr. Eisenberg said the stock market has averaged 10 percent annual return for the past 10 years, but predicts the average return could decrease to about 5 percent annually over the next 10 years. Importantly for REALTORS®, he said: “Household balances are spectacular. We want to spend and consume and do, it’s just that we can’t get people to do something [goods] and service [our needs]. However, if the [pandemic] the recession began, we were forced to stay home, and forced savings were created. As a result, these forced savings saved many people $ 25,000, which is why we saw an increase in first-time home buyers in 2021. “

In conclusion, Dr. Eisenberg, he doesn’t expect the Federal Reserve to hike rates before the end of 2022 – the Fed may be forced to hike rates before it wants to. “

The Economic Summit is a joint effort by the NABOR® Board of Directors, the Media Relations Committee and the Economic Summit Task Force, led by Rick Fioretti, Chair of the Economic Summit Committee.

NABOR® thanks its event sponsor The FIRPTA Group, technology sponsor Supra, program sponsor Stuart Kaye Homes, media sponsor SWFL Home Inspections, reception sponsor DR Horton and table sponsors: Gulfshore Insurance, Law Offices of Sam Saad III, Honc Industries, Old Republic Exchange, The National Association of Hispanic Real Estate Professionals (NAHREP), Women’s Council of REALTORS®, and Keep Collier Beautiful.

NABOR® is located at 1455 Pine Ridge Road in Naples. For more information on the Economic Summit, please contact Marcia Albert at (239) 597-1666.

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What We Learned About Kylie Jenner’s Mansion From a Vogue Video



Kylie Jenner– the reality TV star, beauty mogul and member of the Kardashian Jenner clan – recently invited Vogue magazine to their huge Los Angeles mansion to film an episode of their popular series “73 Questions”.

With a runtime of just over seven minutes, the video has received over 1.8 million views to date. It offers a couple of scoops for fans, including Jenner, who talks about her cravings for pregnancy, her thoughts about the funniest member of the family, and a discussion about the most boring item in her wardrobe (it’s the pajamas).

We were just happy to peek inside the chic, contemporary home that Jenner bought for $ 36.5 million last April and that she shares with her adorable daughter. Stormi. Her mother, Kris JennerShe also has a cameo in the video.

Kylie Jenner’s LA premises


As we reported, when Kylie bought the luxury apartment, the brand new build first hit the market in 2019 for $ 55 million.

With no buyers, the villa’s price fell to $ 49.5 million in February 2020. Two months later, Jenner landed a discounted deal.

The price tag for a 24 year old is astonishingly high, but she can also afford it. While she’s not technically a billionaire, she’s very close, according to Forbes magazine, which puts her net worth at $ 700 million.

A breathtaking connection

Located in the Holmby Hills area, the “extremely private, one-story modern property” provides an elegant oasis. Shielded by 12-foot stone gates that retreat into massive walls surrounding the property, Jenner can relax in her resort-like space.

On an area of ​​19,250 square meters, the layout comprises a total of seven bedrooms and 14 bathrooms. Security is built into the design, with its own guard house with its own bathroom and kitchen. Other luxurious highlights include a kitchen, two guest apartments and two additional guest suites with private terraces and entrances. A huge outdoor area has a projection screen and a home theater, a gym and a sports field for pickleball or basketball.


Watch: Leonardo DiCaprio sells LA Tudor, which he bought from Moby


At Casa Kylie

After Jenner opens the dark gray door and answered questions about breakfast, the camera follows her into the wide open, spacious living room.

The room is littered with comfortable sofas, a sitting area and a large potted plant. It opens to a central courtyard and connects the interior with the exterior.

“I love the energy of this house,” says Kylie.

She adds that at the moment she prefers “a night in” rather than a night out, and with this room it’s hardly a sacrifice.

After answering a few more family-oriented questions, she goes into the bar area of ​​the house, which is laid out with herringbone floor. Right next to it is the fireplace, surrounded by gray stone and flanked by sofas, ideal for cozy evenings.

Living room that opens onto the courtyard


Open kitchen


Formal dining room


Bar and entertainment area


Compared to the two-year-old listing photos, more green now adorns the living spaces.

Jenner then walks into the Instagram-enabled courtyard, which is outfitted with lawn, seating, and a pool. Stormi uses the swing.

swimming pool


Kylie then glides past the pool and we take a look at the outdoor dining area. When it comes to food, she reveals that her favorite food is sushi and that she nibbles on sweets.

Sports field and open-air cinema


Kylie then walks back into the open kitchen and family room, admitting she craves frozen yogurt and In-N-Out burgers, then ends the video.

A few adjustments to the formula

While the beauty mogul has swapped furniture for softer choices, she’s stuck with the neutral creamy palette, including what appears to be the same paint color on the walls.

The lighting seems to have been adjusted. Jenner decided to swap out some of the pendant lights and keep the sleek recessed lighting. Their modifications create a homely, but no-frills atmosphere.

It’s stuck to the floor-to-ceiling curtains, but we doubt it’s much needed. This airy connection works best as a huge space that connects indoor and outdoor spaces.

Despite being the youngest sibling in the Kenner-Kardashian family, Kylie stands out with her properties. She has carried out several real estate transactions over the past six years. In fact, she recently found a homesite at the Madison Club in La Quinta, CA, and allegedly bought a seat with the rapper for $ 13.5 million in Beverly Hills Travis Scott.

Jenner also recently launched a baby product line and swim line that she advertises to her huge following through her social media accounts. She currently has a staggering 270 million followers on Instagram.

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Real Estate News

Record construction not enough to meet Canadian real estate demand: RBC



The construction of single-family houses takes less time than the construction of condominiums (REUTERS)

The number of homes under construction in Canada is at an all-time high, but it is still not enough to meet the seemingly endless demand for real estate in the country.

Low mortgage rates, increased savings, and changing needs as more people work from home drove buyers headlong into the housing market during the pandemic. Permit approvers and builders got to work and construction accelerated at a breakneck pace to keep up.

“Their response was dramatic. In the past 12 months, home builders across the country have laid the foundations (which define a start of construction) for the highest number of housing units (260,500) than ever since 1977,” said RBC economist Robert Hogue in a report .

“This is an increase of 26% or 53,600 units over the 2015-2019 average (206,900 units).”

Hogue says there are nearly 320,000 residential units under construction, the highest ever and up 12 percent since the end of 2019. About three-quarters of these are apartments, mostly condominiums, but also rental apartments that are taking longer to build. A huge surge in single family home prices and sales during the pandemic suggests that home builders may not be building the right type of homes.

“While it is unclear how permanent these changes will be, the possibility exists that the size, configuration, and location of the units of recently launched high-rise projects will fall out of favor,” said Hogue.

“Apartments (both condominiums and purpose leases) not only accounted for the majority (55%) of housing starts in the past 12 months, but also showed the largest increase (39%) from the 2015-2019 average.”

Not enough apartments

Another part of the problem is that it can take a long time to complete. Hogue says it can take anywhere from six months to several years to complete, depending on the type of property. Since apartments make up a larger proportion, the average construction length has more than doubled in the last two decades. Supply chain problems during the pandemic were also addressed in a timely manner.

The story goes on

Construction is also not keeping pace with population growth. Hogue says the 215,000 new units in the past 12 months lag behind the average annual increase of 220,000 Canadian households in the four years leading up to the pandemic.

The pandemic shift towards living in small towns meant that these areas saw the greatest increases in construction activity, followed by medium-sized areas and large cities. But the construction has changed depending on the city.

See also: The latest real estate news on property prices, mortgage rates, markets, luxury homes and more at Yahoo Finance Canada.

“Housing starts in the Toronto area have barely increased over the past 12 months from the 2015-2019 average, increasing only 1.4%, or 500 units,” said Hogue.

“The ramp-up in the new building was somewhat stronger in Edmonton (plus 4.1%), Calgary (plus 7.2%) and Vancouver (plus 10.3%), but still well below the national average (26%).”

Hogue says that homes that can be built more quickly, such as low and medium-sized buildings, as well as medium-density living space in urban centers that are scarce, should be a priority.

“This should be done in conjunction with a strong focus on streamlining regulatory and project approval processes and addressing skills shortages and other constraints that limit production capacity.”

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.

Download the Yahoo Finance app, available for Apple and Android.

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