Where Innovation Works

Press Room Release

Steven L. Black to Leave Kilroy Realty Corporation

Printer Friendly Version View printer-friendly version
<< Back
  LOS ANGELES, May 27 /PRNewswire/ -- Kilroy Realty Corporation (NYSE: KRC)
today said that Steven L. Black, the company's executive vice president and
chief development officer, has submitted his resignation and plans to leave
the company following a three-month transition period.  Black joined KRC in
1997 when KRC acquired the majority of the commercial real estate assets of
San Diego-based The Allen Group.  As a shareholder of that company, he
participated in the transaction and retains an ownership position in Kilroy
Realty L.P. operating partnership units.
    "Steve Black has been an important part of our management team, and we're
sorry to lose him," said John B. Kilroy, Jr., KRC's President and Chief
Executive Officer.  "But he leaves us with a strong legacy  --  a leading
position in the most attractive commercial real estate markets of San Diego
and a talented and experienced management team fully equipped to maintain our
growth momentum in the region," Kilroy said.
    Steve Scott, who was named Senior Vice President of Development for KRC's
San Diego region in 1998, will continue in that role with responsibility for
all of the company's San Diego development activities.  Scott joined the
company in January 1998 from CB Richard Ellis, where he was a Senior Vice
    Kilroy Realty Corporation, a Southern California-based real estate
investment trust owns, operates and develops office and industrial properties,
primarily in California.  At March 31, 1999, the company owned 5.7 million
square feet of commercial office space and 6.2 million square feet of
industrial space.

SOURCE  Kilroy Realty Corporation