Office

The company will retain a 5% joint-venture interest in the multi-year, mixed-use project at the 92-acre, Paradise Valley Mall site.

Only the East Orange and South Orlando submarkets registered positive absorption.

Kilroy Realty sold the 750,000-square foot Mission Bay property, which is fully leased.

2021 will be difficult for the office sector but ultimately it will be bolstered by expected growth in the professional and business services sectors.

"Our fiduciary responsibilities are increasingly taking us into new territory that requires attention to the multitude of social factors that impact asset value."

The firm hires an eight-person office brokerage team specializing in tenant representation and agency leasing.

Tech accounted for 17% of all US office leasing last year by square footage.

The firm has sold its four-property, 945,906-square-foot, Metropark portfolio to Opal Holdings.