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Kilroy Realty Corp

BUSINESS
January 30, 1997 | From Bloomberg News
Shares of El Segundo-based Kilroy Realty Corp. rose 9.8% on Wednesday in their first day of trading, as investors rushed to get in on the ground floor of the resurgent Southern California economy and its recovering office property market. "It's the market with the most upside potential left, and investors are hoping for the type of recovery there that they have been able to witness in the rest of the country," said Chris Hartung, a real estate analyst at Montgomery Securities.
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BUSINESS
November 7, 1996 | Times Staff and Wire Reports
Moving to take advantage of an increasingly strong commercial real estate market in California, Kilroy Realty Corp. said it plans to sell 9.26 million common shares in an initial public offering. The El Segundo-based commercial real estate firm said it expects to raise as much as $169.7 million from the offering after expenses while selling new investors an 85% stake in the company.
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