Albert Behler’s “golden parachute” will allow him to enjoy more than a few dinners at Le Bernardin. If the Paramount Group CEO and Chairman steps down from his position after the company’s sale to ...

(Reuters) - Global asset manager Rithm Capital on Wednesday said it had agreed to acquire office portfolio owner Paramount Group for $1.6 billion in cash, betting on a rebound in office real estate.

Paramount Group is moving ahead with its process to sell the company while its CEO’s perks and deals continue to be scrutinized. Paramount, a major office landlord in New York City and San Francisco, ...

Rithm Capital Corp. is set to acquire Paramount Group for $1.6 billion, gaining 13 owned and 4 managed office properties totaling 13.1 million square feet in New York and San Francisco. The deal, ...

The REIT, which owns 13M SF of commercial real estate, has been exploring a potential sale of the company or other “strategic alternatives” since May. That process has reached the second round of bids ...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Paramount Group, Inc. (NYSE: PGRE) to Rithm Capital Corp. for $6.60 per share is fair to ...

Paramount Group’s second-quarter earnings call mentioned a major unreported lease, but not a different lease signed after the quarter ended. Chairman and CEO Albert Behler told analysts that 1301 ...

Boston-based Solel Partners sold 4.2 million shares of Paramount Group in the third quarter for an estimated $25.6 million. The transaction value equaled 4.9% of the fund’s reportable U.S. equity ...

Rithm Capital’s prospective purchase of Paramount Group is a stroke of faith in the strength of the Manhattan office market, which is where most of Paramount’s holdings are concentrated. The deal ...

Shareholders of a New York-based office REIT rejected a multimillion-dollar golden parachute for its embattled CEO while also greenlighting a $1.6B merger with a mortgage lender. Paramount Group ...