What we know about Rithm’s surprise $1.6B deal to buy Paramount
Rithm Capital’s deal to buy Paramount Group for $1.6 billion came as a bit of a surprise. After bids from Blackstone, SL Green and Empire State Realty Trust, it was Rithm, a lesser-known but still deep-pocketed asset manager with a focus on mortgage servicing, that came out on top. The company is set to take on Paramount’s 13 million square feet of office space in New York and San Francisco at a 40 percent discount to its book value. “We’ve been very patient in the office sector, and we believe now is the right time to do so,” said Rithm […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Commercial Real Estate Asset Classes: What’s Your Investment
Strategy?
Singapore’s UOL Shares Jump On Brisk Demand For Company’s
Residential Project
Breaking The Myth: Manhattan Prices Don’t Follow Mortgage
Rates
Sherwin-Williams And HGTV Home By Sherwin-Williams Announce
2026 Color Of The Year
Portugal Proves Appealing Option For North American
Sunbirds
6 Benefits Of Passive House Design For Your Well-Being And
Wallet
Home Price Breaking Point: Florida Leads The Way
Can A Hotel-Home Hybrid Raise The Bar For Singapore’s
Branded Residences?
30-Year Fixed-Rate Mortgages: Why These Are So Weird
With Government Stats Paused, Homebuilder Survey Sends A
Positive Economic Signal
