{"id":770631,"date":"2026-05-03T15:13:17","date_gmt":"2026-05-03T15:13:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/770631\/"},"modified":"2026-05-03T15:13:17","modified_gmt":"2026-05-03T15:13:17","slug":"details-on-kilroys-la-portfolio","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/770631\/","title":{"rendered":"Details on Kilroy\u2019s LA Portfolio"},"content":{"rendered":"

L.A. REIT boss Angela Aman<\/a> knows what she wants and goes after it. That was clear on her company\u2019s latest earnings call. Kilroy Realty is shedding real estate that it believes is a drag to its portfolio and collecting hot properties \u2014 something it\u2019s done since Aman took the corner office, replacing John Kilroy Jr., longtime leader and son of Kilroy Realty founder John Kilroy Sr.<\/p>\n

Apartments aren\u2019t core to Kilroy\u2019s business, so it sold<\/a> two luxe Hollywood apartment towers that happen to be on its mixed-use campuses for more than $200 million. The buyer was Orange County based-Advanced Real Estate, we learned after earnings. Aman, on Tuesday\u2019s first quarter call, said the apartments weren\u2019t \u201chave to sell\u201d trades but emphasized the price was right.\u00a0<\/p>\n

It\u2019s the latest of several recent and similar moves<\/a>: Kilroy sold Sunset Media Center, an office building in the heart of Hollywood that was only 51 percent occupied, to Hankey Investment Company and Barker Pacific Group for $61 million, and an office building in Santa Monica for $40 million.<\/p>\n

It\u2019s not all about selloffs under Aman \u2014 Kilroy purchased<\/a> a Beverly Hills office campus, Maple Plaza, from Tishman Speyer for more than $200 million.<\/p>\n

Maple Plaza has come up<\/a> in each earnings call since. Aman most recently noted that the campus is \u201ccontinuing to experience strong, broad based demand from the financial services and media and entertainment sectors, notably surpassing our original expectations.\u201d Maple Plaza was 75 percent occupied when it was purchased in September, and now it is around 82 percent occupied.\u00a0<\/p>\n

Kilroy\u2019s Los Angeles portfolio is about 79 percent leased, but Aman said it is seeing improved activity, a product of a slowly improving market and \u201cthe significant portfolio repositioning work that we\u2019ve done in L.A. over the last two years.\u201d\u00a0<\/p>\n

The REIT isn\u2019t exiting L.A. but it is going to take advantage of interest in its West Coast properties with opportunistic sales, Aman and her crew said.\u00a0<\/p>\n

Still, there are around 740,000 square feet of leases set to expire this year, and as the company has said before, it mostly anticipates move-outs. Of that, 330,000 square feet are in Los Angeles.\u00a0<\/p>\n

Hedigan vs Haddad <\/strong>
<\/strong><\/p>\n

A missive from the proxy front, courtesy of FivePoint Holdings, the Lennar-spin off with major development in various stages in OC, LA and SF.<\/p>\n

Chief executive Daniel Hedigan\u2019s<\/a> total compensation was more than $8 million in 2025; in 2024, it was more than $4 million \u2014 a lot of that bump had to do with his stock awards.\u00a0<\/p>\n

Chairman emeritus Emile Haddad<\/a>, who Hedigan replaced (you can read more on that here<\/a>), made $2.5 million in consulting fees.\u00a0\u00a0<\/p>\n

Where\u2019s Rick?<\/strong><\/p>\n

In the case of Rick Caruso<\/a>, the answer is everywhere. The billionaire real estate developer last week made appearances on TBPN, a tech podcast that OpenAI just bought, and Fox News. He said he wasn\u2019t running for Los Angeles mayor or California governor \u2026 this year<\/a>. Is he making a case for a future run? On TBPN, the hosts jokingly asked about him running for president, which he blew off and they all had a laugh. Anyways, here are some interesting things Caruso said on the pod:<\/p>\n