Alston & Bird Guides Paramount Group In DC Office Buy

Law360, New York (January 31, 2012, 7:44 PM EST) -- New York-based real estate investor Paramount Group Inc. has acquired a trophy office building in Washington from Irish private equity firm Vico Capital, which bought the property for a record $172.5 million in 2008, Paramount announced on Tuesday.

The 12-story building, located at 2099 Pennsylvania Ave., was bought through Paramount Group Real Estate Fund IV. The company declined to disclose to Law360 how much it paid for the property, but the Washington Business Journal reported it was sold at a loss for about $155 million....
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