12/15/2022 | by
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John Kilroy, chairman and CEO of Kilroy Realty Corporation (NYSE: KRC), participated in a video interview at Nareit’s REITworld: 2022 Annual Conference held in San Francisco on Nov. 15-17.

Kilroy discussed how the REIT is positioning itself to be an early mover when market conditions are ready. “I think you’ll see Kilroy be very active when we get to that inflection point where we’re comfortable that directionally we’re doing the right thing. It’s not there yet,” he said.

Kilroy also commented on Kilroy Oyster Point in South San Francisco. He pointed out that the project’s timeline had not been impacted by current market conditions, and that the first buildings of phase two will be delivered in late 2024, or early 2025. There’s a “tremendous amount of interest” in the project, he said, with “big pharma, big life science still very active.”

Meanwhile, Kilroy Realty has continued to expand in Austin. “We love Austin,” Kilroy said. He noted that the REIT owns Indeed Tower, a brand new property that encompasses a full city block, and has also made a purchase in the Domain submarket.

Kilroy Realty’s goal is to grow significantly in Austin and the Southwest, the company’s CEO said. “We intend to be a major player.”