NEW YORK CITY-Paramount Group based in Germany is seeking to sell a non-controlling stake in its ownership of the 49-floor office tower located at 1633 Broadway in Times Square. The office building spanning 2.4 million square feet is valued at up to $1 billion.
Steve Kohn of Sonnenblock Goldman, the debt structuring and recapitalization division of Cushman & Wakefield, is handling the marketing of the partial stake on behalf of the seller.For the full story, go to New York Observer.
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