Paramount Group Anticipates $19.6MM Hit in 2023 Earnings From Two Bank Closings and Their Impact on Leases

By The Registry Staff Paramount Group, the owner of prime office properties in New York and San Francisco, announced that its earnings for the year would be negatively affected by write-offs and reduced rental revenue associated with leases signed by the now-closed First Republic Bank and Silicon Valley Bank. In a filing with the U.S. […]