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Skadden, Latham Guide $1.6B Paramount Real Estate Deal

The word Rithm appears in purple font on a white smartphone screen in front of an illustrated backdrop

By Al Barbarino

Real estate investment trust Paramount Group will be sold to asset manager Rithm Capital Corp. for about $1.6 billion, with Skadden Arps Slate Meagher & Flom LLP advising Rithm and Latham & Watkins LLP representing Paramount, the companies said Wednesday. 


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