And they always have a problem. There's no change to our expectations for same-store cash NOI, which is projected at 0% to 2% or average occupancy, which is projected to be between 86.5% and 88%. Our roughly 50,000 square foot Life Science redevelopment, a [indiscernible] Executive Drive in San Diego was fully leased to Sorrento Therapeutics. Jordan Kaplans $8.7 million compensation package for fiscal 2017 was composed of a base salary of $1 million, stock awards of approximately $7.7 million and other compensation of $32,490, according to the most recent SEC filings. John Kilroy Net Worth John Kilroy biography. So just on the 30,000 feet, nothing actually changed there. [Operator Instructions] The first question comes from Nick Yulico of Scotiabank. And has there been any material pickup in any of your markets over the quarter? Good morning and John, congratulations on building a great real estate company. Thank you. And then Riot [ph] which is still TBD is a fourth quarter expiration. But as we evaluate our alternatives, if there is something that's appealing and that could be on the secured side, that could be on the unsecured side, that could be on the sales side or the venture side. As always, no acquisitions are forecasted, and we continue to expect dispositions to be between zero and $200 million. There are reasonably good assets and good markets and whatnot, but they had specific issues related to them with way too much CapEx or whatever, and they were big and they didn't get a bid that was satisfactory and they pulled them off the market. John will start the call with our first quarter highlights. This is not accomplished overnight, but has been a core principle of our strategy spanning across cycles. I mean some peers have reduced suspended or commented that they could cut if the environment persists or weakens. Danielle? In San Diego, we leased a 65,000 square foot new lease with MediaTek USA and a 25,000 square foot renewal within Intrepid Studios. WebTaking into account various assets, John's net worth is greater than $100,000 - $249,999; and makes between $90 - 99,999 a year. Hi. If you have an ad-blocker enabled you may be blocked from proceeding. Now that's down obviously from the high end 2019 where that might have been 8 million square feet. First and foremost, while we're seeing strong signs in the economy and remain optimistic, we would like to acknowledge that we are still facing cyclical and secular headwinds. John Kilroy Jr., who has been at the helm of office landlord Kilroy Realty since the early 1990s, will step down by the end of the year. But we think it's very marketable and we - because we haven't started TIs and that sort of thing, we can go either way. If you've got 20 vacant or 20 possibilities or 50 possibilities or 100 possibilities or whatever it is in the market. The most prestigious venture capital funds are headquartered in Menlo Park and the biggest technology companies in the world are based in San Francisco and Silicon Valley. In our other markets like Seattle, I guess I'd say that other markets are going to react in different ways, meaning some will recover quicker than others. Maybe starting on leasing going to Rob. In addition, he makes $12,086,000 as Chairman of the Board and Chief Executive Officer at Kilroy Realty. What caused that change? A thing we learned? Yes. And if something is trading, as I haven't heard anything trading at 80% off. John Kilroy Net Worth The estimated Net Worth of John B Sr Kilroy is at least Kilroy Realty stock worth over $401,107 and over the last 18 years he sold KRC stock worth over $0. Thank you. So I have a feeling, particularly in the Premier properties where people want to be, that we're going to see some material improvements in this whole thing about right return to office. According to the National Multifamily Housing Council, Equity Residential is the third-largest apartment owner in the U.S., with investment in or ownership of 307 properties consisting of 79,482 apartment units across the country. And right now on space that we have in Hollywood, we've had more activity there more and we have more activity than we have space available. And I'd like to focus a little bit of this on San Francisco because it has been so beat up in the press and some of it is justified. This building fits and I'll pay up for it and just building even though it's cheap, I don't want it. Last updated: 17 December 2021 at 7:04pm EST. John Osmond who sold 1,000 units worth So long story short, things will take longer but there are deals out there. John or Rob, any update on West 8th with Amazon there? There are currently no additional questions registered at this time. You may proceed. So could you just comment on how you feel about Kilroy current dividend coverage and under what scenario Kilroy could consider modifying the dividend? We do have some move-ins. John's mailing address filed with the SEC is 3600 LAS VEGAS BOULEVARD SOUTH, , LAS VEGAS, NV, 89109. With the current situation with SVB and just the general economy, decision-making has slowed down, no doubt. We clarified the footnote. Thank you. San Jose. Let's say, a tenant has -- I don't know, 500,000 feet -- make it 100,000 feet, make it easy. Right now, we expect deal size, as I said, to be smaller. Today Elliman has 20 offices in the state, with 12 of those in Los Angeles County. There are no executives at Kilroy Realty getting paid more. Anything that's mostly processed and not brain is going to be materially impacted. John? The elevators we're up and down. Could you please walk us through non move out in the next 12 months? It is now my pleasure to hand the conference over to our host, Bill Hutcheson, Senior Vice President of Investor Relations and Capital Markets. Sure. So more to come. The next question comes from John Kim of BMO. Thanks, John and Rob, Just second question is on this idea of maintaining the strong balance sheet, looking at evaluating some alternative sources of capital. So that's what we did. And then in terms of your second question on the watch list, the majority of our watch list is still concentrated around retail tenants although we have seen a modest uptick in kind of our office and life science tenants, it still makes up a pretty small part of the overall portfolio, though. I'm confident we all have -- that we have the pieces in place to continue executing at the level investors have come to expect from Kilroy and as a significant shareholder, I'm incredibly invested in the continued success of the company. Mr. Kilroy owns over 6,006 units of Kilroy Realty stock worth over Austin, our building is brand-new and all the leases that either just started or will start when the tenant improvements are done, and there's no termination right. It's a great, great asset as an example. Please proceed. Blackstone has been doing some big transactions lately in the Los Angeles area. Our records show its resident in 45039 Maineville Ohio. And then just one follow-up. And any characteristics you could share as far as your preference for a successor? Thanks. There's nothing that doesn't get out today. Blackstone has been doing some big transactions lately in the Los Angeles area. But as we think about the average, that's really what's driving it. Then we'll be happy to take your questions. As CEO, president and chair of the board at Hudson Pacific Properties (HPP), Victor Coleman took home $6 million in compensation for fiscal 2017. This pay package consisted of a $725,000 salary, a bonus of $290,000, $3.8 million in stock awards, approximately $1.2 million in nonequity incentive plan compensation and $15,060 in other compensation. Seattle less, but Seattle also has a really vibrant scientific technology market. And I'd finish with this point, which for quite a few years, Hollywood had very muted activity in terms of leasing. Jeffrey Hawken KRC stock SEC Form 4 insiders trading And again, I'll remind you, it's situated in just at the Denny Regrade [ph] which is on the border of South Lake Union, where all the technology companies are, not just Amazon. The next question comes from Tayo Okusanya of Credit Suisse. Before discussing guidance, I wanted to point out some additional disclosure in our supplemental on Pages 14 through 16, we point out the 4 properties not in the same-store pool. As Amazon's CEO, Andy Jassy, wrote in his recent shareholder letter, we've become convinced that collaborating and inventing is easier and more effective when we're working together and learning from one another. In terms of Ritas, I'm not going to be real specific, but they are in space actively using it, and it's too early. In addition, he makes $12,086,000 as Chairman of the Board e Chief Executive Officer at Kilroy Realty. But generally, they arrived at pretty quickly by mostly consensus. In keeping with historical practice, we continue to pay this amount as a base salary.. In 2018, Essex acquired two communities for $139.4 million and sold four communities. And the reality is that you can -- unless you have a specific individual that you have designated to be internally or externally for the person, you can wait. The estimated Net Worth of John B Jr Kilroy is at least $15 Milln dollars as of 2 May 2020. And so more to come on that. That's what's going to happen first. [indiscernible] lot of the decisions to get made here, it may ultimately come down sometimes to me making the final decision. John has made over 13 trades of the Kilroy Realty stock since 2003, according to the Form 4 filled with the SEC. Over the last 20 years, insiders at Kilroy Realty have traded over $3,860,822 worth of Kilroy Realty stock. There's no -- there's not the degree of a functioning market that we'd like to see, and that won't really be there other than for high-quality stuff until the interest rates sort themselves out and availability of debt and so forth sorts itself out. Given the high sublet space, do you see any downside risk in terms of early terminations? That's a snapshot of where we are right now. Thank you for the explanation and taking my question. And then it's a year there out from those dates that we anticipate stabilization pursuant to our pro forma. The estimated Net Worth of John B Jr Kilroy is at least $15 Milho dollars as of 2 May 2020. John, you've I think you outlined very well, and congratulations on the retirement. Outside of this, there is no change to our G&A estimates. Pleasure working with you. Scientists such as gene therapies, mRNA and immunotherapy are in the midst of rapid change that will redefine the art of what is possible. The macro environment today, I think I defined as -- it just lacks certainty. Mr. Kilroy owns over 6,006 units of Kilroy Realty stock worth over $258,946 and over the last 20 years he sold KRC stock worth over $2,461,939. It's that's a little frustrating from our standpoint, but we've got a lot of paper we're exchanging and it's - that building is amazing, and it's drawn a really great crowd. I've dedicated my career to Kilroy, and I'm pleased to be able to retire with the company having the best portfolio amongst our peers, an impressive capital allocation track record, a solid balance sheet and very importantly, a deep and talented team. Los Angeles. And then Elliott will discuss our financial results and provide you with our updated guidance. So this is Elliott. So I think AI is just one segment of where innovation and creativity and what we're all known for in the United States in terms of entrepreneurial spirit are going to go. And Nick, just to add to that, what we were trying to convey is -- we feel really good about where we are liquidity-wise, but that doesn't mean we're just going to sit here and wait, right? The top earner by far, Stephen Schwarzman of the Blackstone Group, had the lowest annual salary of the lot, at $350,000.
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