Charles Schreiber

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  • Non-traded REITs: KBS Realty Advisors CEO Charles Schreiber Talks About the Latest Trends

    Schreiber, who serves as CEO of the Newport Beach, Calif.-based investment advisor and its affiliate, KBS Capital Advisors, recently offered perspectives on major trends and strategies in the non-traded REIT arena.

    National 20 February 2013 06:07
  • KBS Realty Acquires Iconic Building in Suburban Raleigh for $98.4M

    On January 31, a joint venture partnership between the Indianapolis-based real estate investment trust Duke Realty Corp. and the Raleigh-based real estate development firm Kane Realty Corp. sold the prestigious 17-story Captrust Tower in the city’s North Hills area. KBS Realty Advisors of Newport Beach, California acquired the approximately 300,000-square-foot property for $98.4 million, or nearly $326 per square foot. Developed in 2009, the LEED Gold-certified high-rise at 4208 Six Forks Road offers 275,630 square feet of office space, 26,813 square feet of retail space and a six-level parking deck. The property is 95 percent leased to 18 companies, including Captrust Financial Advisors, the American Board of Anesthesiology, CBRE, Regus, RBC Capital Markets, as well as other national and regional tenants.

    Raleigh Durham 09 February 2013 02:28

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