Office REITs have been heavily impacted by the work-from-home trend, resulting in a YTD loss of over 20%. Office REITs had the third-worst performance of any REIT sector in Q3 earnings season, with a ...

The Paramount Group ended 2024 with a net loss of $38.6 million for the fourth quarter after it lost major tenants throughout its portfolio and a big New York City deal fell through. A reason for the ...

Since French bank Crédit Agricole vacated 300,000 square feet at Paramount Group’s 1301 Sixth Ave. in February, more than half the space has been leased. Offsetting the good news, law firm Clifford ...

Paramount Group reported a slight net loss for the first quarter of 2025 compared to the same period last year, even though office leasing in its portfolio found its footing. The real estate ...

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 ...

Office landlord Paramount Group said Monday it has hired investment bankers to help evaluate “strategic alternatives.” Steve Sakwa, a real estate analyst at Evercore ISI, told Crain’s the announcement ...

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 ...

Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of ...

A Midtown Manhattan landlord paid a private jet company owned by its CEO nearly $2M, one of a handful of payments between the real estate company and entities controlled by its longtime leader. The ...

Paramount Group suspended its quarterly dividend for cash savings to better address its upcoming maturities. The REIT is trading for just 4x its free cash flow with a total debt of $3.6 billion, set ...