CP Group and Related Fund Management, LLC agreed to acquire Granite Tower from KBS Real Estate Investment Trust II, Inc. (OTCPK:KBRS) for approximately $200 million on July 23, 2021. The transaction is expected to close on August 16, 2021. The buyside termination fee is up to $5.0 million of earnest money. CP Group and Related Fund Management, LLC completed the acquisition of Granite Tower from KBS Real Estate Investment Trust II, Inc. (OTCPK:KBRS) on September 3, 2021. The transaction was finalized in an off-market deal. Bruce Fischer, Howard Chu, and Amanda Kennedy of Greenberg Traurig, LLP’s Orange County office, together with Mark Baker in Greenberg Traurig’s Denver office, represented KBS as legal counsel in the disposition. Tim Richey, Jenny Knowlton, Chad Flynn, Charley Will and Alex Mulvihill of CBRE Group, Inc. represented KBS in the sale.