The Paramount Group sealed a $500 million refinancing of its 29-story Midtown office building at 31 West 52nd Street, the real estate investment trust announced Tuesday. Paramount secured the new 10-year, interest-only loan at a fixed rate of 3.8 percent - with the financing replacing a previous $413.5 million loan on the property that was due to mature in December 2017 and carried a weighted average interest rate of 4.23 percent. The Midtown-based office REIT - ... [more]
