Harbor Associates, LLC entered into an agreement to acquire Hines VAF UB Plaza, L.P. from KBS Real Estate Investment Trust II, Inc. (OTCPK:KBRS) for $165 million on May 18, 2022. Pursuant to the Agreement, the sale price for Union Bank Plaza is $165.0 million, subject to prorations and adjustments as provided in the Agreement. The transaction s expected to close on July 11, 2022