Rithm Capital Buys Paramount: A $1.6B Office Bet
Update: 2025-09-17
Description
Rithm Capital is set to acquire Paramount Group for $1.6 billion in cash, a bold move to expand its commercial real estate footprint in NYC and San Francisco's challenging office markets. Paramount's shares dipped 11% on the news, leaving investors and office workers wondering what's next as Rithm bets big on prime downtown properties. Will this gamble pay off?
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