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.

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AmTrustRE completes $211m acquisition of 260 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

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Rosenblatt and Gerome of Cresa sell 6,096 s/f commercial coop. to Clark Construction for $3.25m

Columns and Thought Leadership

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account