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Stock Market & Financial Investment News

News Breaks
December 19, 2012
04:53 EDTCRM, KRCSalesforce.com leases 100% of Kilroy Realty's 350 Mission Street tower
Kilroy Realty (KRC) said it has signed a long-term lease with cloud-computing giant salesforce.com (CRM) for 100% of the real estate investment trust's 27-story, LEED-platinum-designed office tower now under construction at 350 Mission Street in San Francisco's South of Market financial district. Salesforce.com has agreed to lease up to approximately 445,000 square feet which includes approximately 50,000 square feet of must-take space that is subject to KRC obtaining entitlements to add three stories to the building. KRC acquired the 350 Mission Street land site in October and saw tremendous interest in the property from multiple companies in a variety of technology and non-technology-related industries. Upon completion of the building, the company will own 2.6M square feet of office space in SOMA that is currently 94% leased or committed. The company estimates the total development cost for the 27-story building will be approximately $250M and could increase by approximately $25M if the additional entitlements are obtained.
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July 29, 2014
13:25 EDTKRCKilroy Realty sees FY14 FFO $2.70-$2.79 , consensus $2.74
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July 28, 2014
18:09 EDTKRCKilroy Realty reports Q2 FFO 72c, consensus 70c
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July 22, 2014
15:07 EDTCRMEarnings Preview: Microsoft to report after Nadella makes big job cuts
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July 21, 2014
16:58 EDTKRCKilroy Realty to acquire 1.6 acre development opportunity for $27M
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