Delmar Nehrenberg to Lead Los Angeles Region
LOS ANGELES – Kilroy Realty Corporation (NYSE: KRC) announced today that Delmar Nehrenberg, a leading Los Angeles real estate lawyer and deal maker, will become head of the company’s Los Angeles region, succeeding David Simon. Mr. Simon will be leaving the company as a full-time employee as of July 1, 2018 and will continue to work with the company as a consultant on select projects.
Prior to joining Kilroy Realty, Mr. Nehrenberg was a partner with Allen Matkins where he provided legal and business counsel on commercial and residential development, construction, disposition, acquisition and leasing projects. He has been the lead attorney on more than $10 billion of major development projects, including many of Kilroy Realty’s projects since its IPO in 1997.
“David has been a valuable part of our business for the past six and a half years, particularly with regard to Columbia Square, our 700,000 square-foot mixed-use project in Hollywood,” said John Kilroy, Chairman and CEO of Kilroy Realty. “We look forward to his continued support as a consultant on several ongoing projects. We are also very excited about Delmar joining our leadership team. We have worked closely with him for two decades and are confident he will bring tremendous value to the organization.”
About Kilroy Realty Corporation
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
At March 31, 2018, the company’s stabilized portfolio totaled approximately 13.9 million square feet of office space located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle and 200 residential units located in the Hollywood submarket of Los Angeles. In addition, KRC had five projects totaling approximately 2.1 million square feet of office and PDR space, 237 residential units and 120,000 square feet of retail space under construction.
The company has been recognized by GRESB as the North American leader in office sustainability for the last four years and is listed in the Dow Jones Sustainability World Index. At the end of the first quarter, the company’s stabilized portfolio was 59% LEED certified and 71% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.