News:
Brokerage
Posted: August 8, 2011
Paramount Group, Inc. purchases 172,000 s/f property
Paramount Group, Inc. has acquired the 12-story Liberty Place, located at 325 7th St. N.W. The 172,000 s/f asset is located in the city's Penn Quarter District in the East End. The seller was an affiliate of Beacon Capital Partners, LLC. The property is currently 94% leased.
Paramount Group was self-represented in the transaction by vice president Dan Lauer and assistant vice president David Zobel, both in Paramount's Acquisitions group. A team from Jones Lang LaSalle represented the seller.
Paramount vice president, finance, Vito Messina arranged financing for the acquisition.
Tags:
Brokerage
MORE FROM Brokerage
Dolce & Gabbana signs 21,000 s/f lease for New York headquarters at 551 Fifth Ave.
Manhattan, NY Dolce & Gabbana, an Italian fashion house, has signed a long-term, 21,000 s/f office lease at 551 Fifth Ave. for its New York headquarters,
 (2).gif)
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)