Rithm Capital’s $1.6 billion bid for Paramount Group highlights resilience in New York real estate, but shareholders and analysts question valuation and future portfolio strategy. Rithm Capital’s prospective acquisition of Paramount Group is being hailed as a strong vote of confidence in Manhattan’s office market at a time when commercial real estate faces uncertainty nationwide. Paramount, which owns 11 buildings in Manhattan and five in San Francisco, announced in April that it was exploring “strategic alternatives.” After months of speculation, Rithm emerged as the leading bidder, agreeing to acquire the company for $1.6 billion, or $6.60 per share. If approved … Continue reading Possible Paramount Group Sale to Rithm Signals Confidence in Manhattan Office Market