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Rithm Capital Rebrands Paramount Group as Elecor Properties

Michael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements.  Ri

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Summary

Michael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements.

Rithm Capital will rebrand Paramount Group as Elecor Properties, a real estate platform that will aim to position what was Paramount’s 13.

8 million-square-foot New […]

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