(Save the dates: RealShare Apartments East comes to the Hyatt Regency in Miami, FL, on February 26, 2013, and RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27, 2013.)
LOS ANGELES-GlobeSt.com has learned exclusively that Kilroy Realty Corp. has promoted Justin Smart to EVP, development and construction services. The 12-year veteran of the REIT is the senior officer responsible for the construction elements of Kilroy's development and redevelopment programs as well as the company's tenant-improvement and general capital-expenditure projects.
“Justin plays a crucial role working with our regional teams to ensure the quality, cost efficiency and timely delivery of our development pipeline,” said John Kilroy, Jr., Kilroy's president and CEO, in a prepared statement. “With the steady expansion of development opportunities in our West Coast markets, his talent and experience are crucial to our success. This is a well-deserved promotion to a key member of our senior management team.”
Smart joined Kilroy in 2000 and has had nearly three decades of experience in real estate development covering a wide range of product types including office, industrial and resort properties throughout the US. He was integrally involved in delivering corporate campuses to many of the company's key tenants including AMN Healthcare, DIRECTV and Intuit.
As GlobeSt.com previously reported, Kilroy closed a spate of large-scale deals in December, including the complete preleasing to Salesforce.com of 350 Mission St., a 445,000-square-foot office tower in San Francisco that is still under construction; the disposition of its entire industrial portfolio and two small office projects for $355 million; and the acquisition of a 12-acre land site in Sunnyvale, CA, on which it will develop, own and manage a 587,000-square-foot office complex for LinkedIn Corp. According to Tony Natsis—an attorney with Allen Matkins here, which represented Kilroy in the above-mentioned transactions—skill and liquidity are the reasons why the firm is able to close so many large deals in such a short time.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
