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Paramount Group to pay top dollar for downtown tower

Fiona Kelliher
Paramount Group to pay top dollar for downtown tower

Paramount Group will acquire the KPMG building at 55 Second St. in downtown San Francisco. Elsewhere in the city, Atlanta-based Jamestown LP is moving closer to finalizing a deal for Levi’s Plaza at a price of around $1,000 per square foot, while the Sobrato Organization also paid that much in an off-market purchase of 808 Brannan St. That also means a big profit for the seller, Nuveen Real Estate.