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Paramount Group owns 13M SF of CRE in New York and San Francisco, including a stake in the M&M World store in Times Square.
News

Rithm Capital Strikes $1.6B Deal To Acquire Office REIT Paramount

... New York Business reported. UPDATE, SEPT. 17, 8:35 A.M. ET: This story was updated after the two sides announced ... deal had been agreed to. UPDATE, SEPT. 17, 4 P.M. ET: This story has been updated with additional background.

Sep 16, 2025
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A Tale of 3 Cities: Exploring Boston, SF And NYC’s Office Markets, Plans For Development And What They Mean For The Future
News

A Tale of 3 Cities: Exploring Boston, SF And NYC’s Office Markets, Plans For Development And What They Mean For The Future

... of uses in Midtown, and, with the enactment of 467-m, a new exemption from the city’s property tax for ... done in San Francisco and Boston, similar to the 467-m program and zoning reforms enacted in NYC, to create more ...

Sep 05, 2025
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Closed sign
News

Why New York City's Food Halls Keep Closing

... and did 80% of their business between 11 a.m. and 2 p.m. on weekdays, he said. Most would close on ...

Aug 22, 2025
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Aerial view of Williamsburg, Brooklyn.
News

Williamsburg And The Upper West Side: A Tale Of 2 Shopping Districts

... neighborhood for two weeks. “I get up Monday morning, I'm standing on the corner at 9 o'clock, and there ... in the street,” Posniak said. “There's nobody there. I'm saying to myself, ‘Jesus, what did I get myself into ...

Aug 11, 2025
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Wesley LePatner, the CEO of Blackstone Real Estate Income Trust.
News

Blackstone Real Estate Exec Wesley LePatner Among 4 Killed In NYC Mass Shooting

... gunman who entered 345 Park Ave. around 6:30 p.m. Monday with an M4-style rifle and started spraying the ... I can,” LePatner said. UPDATE, JULY 30, 12:35 P.M. ET: This story has been updated with the identity of ...

Jul 29, 2025
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NYC skyline
News

Foreign Investment In U.S. CRE Tumbles To Lowest Point Since 2011

... are high.   “If I'm a current owner and I'm thinking about selling and I ... . “So unless somebody forces me to, I'm not going to sell.”  Some of the pullback ... somebody capitulates.” CORRECTION, JUNE 28, 5 P.M. ET: A previous version of this story incorrectly ...

Jun 12, 2024
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1011 First Ave., the previous headquarters of The Roman Catholic Archdiocese of New York, which Vanbarton Group plans to convert to housing.
News

Vanbarton Nabs Loan To Convert Archdiocese HQ To Housing: The N.Y. Deal Sheet

... 115.6M sum from Flagstar Bank.  *** L+M Development Partners refinanced its 197-unit Long Island ... and replaces a $70M CMBS loan. L+M developed the building in 2012. An Avison ... with a $141.5M senior loan from M&T Realty Capital Corp., according to a release ...

Jul 15, 2025
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323 E. 19th St., Time Equities' first NYC multifamily acquisition since 2015.
News

Time Equities Makes First NYC Buy In 10 Years With Plans For More

... acquisition, which was financed with a $9.2M mortgage from M&T Bank, is “a little step into the water,” Greenburger ... ’s logic to taking the risk now, Greenburger said. “I'm caught with two thoughts. On the one hand, the regulatory ...

Jun 02, 2025
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The exterior of the base of 5 Times Square.
News

5 Times Square Gets Green Light For 1,250-Unit Conversion

... Office Conversion Accelerator, and it will capitalize on the 467-m tax incentive, according to the mayor's announcement. “The repositioning ... included in the project.  UPDATE, MAY 22, 4:55 P.M. ET: This story has been updated with a statement from ...

May 22, 2025
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Bob Knakal Launches New Investment Sales Firm With A Focus On AI
News

Bob Knakal Launches New Investment Sales Firm With A Focus On AI

... Map Room Bob Knakal here, and I’m thrilled to share some exciting news about ... and immense support from this incredible community, I’m proud to announce the launch of @BKRealEstateAdv (BKREA ... in New York City,” Knakal said. “I'm a very good cold caller. I can' ...

Apr 02, 2024
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