Kilroy: No new development projects starting for at least a year

Kilroy Realty Corp. won’t be doing any new development anytime soon.

It its quarterly earnings call today, one of San Francisco’s most active developers over the past decade said it is taking a conservative approach to speculative development — and development in general — moving forward.

“I see no potential for us starting any spec development in the next 12 months or start any development within the next 12 months even if it’s leased,” said Kilroy Executive Vice President and Chief Financial…

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