Paramount Group Inc (Paramount) operates as a real estate investment and management company. It offers real estate investment and it manages, acquires and redevelops office properties located in New York. The company also provides investment management facilities to private equity real estate funds for institutional investors and high-net-worth individuals. It manages four property funds including Paramount Group Real Estate Fund II LP, Paramount Group Real Estate Fund III LP, Paramount Group Real Estate Fund VII LP and Paramount Group Real Estate Fund VII-H LP. The company also provides leasing services to the tenant base including industries such as financial services, media and entertainment, consulting, legal and other professional services, technology and federal government agencies. Paramount is headquartered in New York City, New York, the US.
Paramount Group Inc premium industry data and analytics
Products and Services
Services |
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Leasing Services |
Real Estate Management Services |
Investment Management Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Financing Agreements | In February, the company along with its joint venture partner announced a modification to the existing mortgage loan at One Market Plaza. |
2023 | Contracts/Agreements | In September, the company entered into a partnership with JA Solar under which JA Solar will provide all PV modules for a 150-megawatt photovoltaic (PV) power plant project. |
2023 | Contracts/Agreements | In April, the company signed a 16.5-year, 119,000 square foot lease with Wilson Sonsini Goodrich & Rosati to occupy floors 5 through 8 currently leased to Clifford Chance LLP. |
Competitor Comparison
Key Parameters | Paramount Group Inc | Vornado Realty Trust | Duke Realty Corp (Inactive) | Highwoods Properties Inc | Empire State Realty Trust Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | New York | New York | Indianapolis | Raleigh | New York |
State/Province | New York | New York | Indiana | North Carolina | New York |
No. of Employees | 326 | 3,146 | 340 | 345 | 667 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Albert Behler | Chairman; President; Chief Executive Officer | Executive Board | 2014 | 71 |
Wilbur Paes | Chief Operating Officer; Chief Financial Officer; Treasurer | Senior Management | 2021 | 45 |
Ermelinda Berberi | Chief Accounting Officer; Senior Vice President | Senior Management | 2017 | 42 |
Gage Johnson | Senior Vice President; General Counsel; Secretary | Senior Management | 2014 | 61 |
Peter Brindley | Executive Vice President; Head - Real Estate | Senior Management | 2021 | 46 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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