By John Meyer, consultant in financial affairs – Eurasia Business News, May 22, 2025. Article No 1527.
Paramount Group, a major office landlord with significant holdings in New York City and San Francisco, is currently exploring strategic alternatives for its business, which could include an outright sale of the company.
The company has engaged Bank of America as its financial advisor and the law firm Latham & Watkins to assist in this strategic review, which has no set timetable and no assurance of any specific outcome. Potential outcomes range from selling the entire company or parts of it, to recapitalization or forming a partnership with another firm.
This announcement follows recent disclosures about the CEO’s payments to outside business interests and comes amid challenges in the office real estate market, including a forecasted steep decline in rental income for 2025 due to tenant departures.
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Paramount recently sold a 25% interest in its San Francisco property One Front Street to access partner capital for repositioning the asset but continues to own and manage the majority stake.
In summary, Paramount Group is actively reviewing strategic options to address market challenges, with a possible full sale of the company among the scenarios being considered.
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© Copyright 2025 – Eurasia Business News. Article no. 1527.
Eurasia Business News 