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PARAMOUNT GROUP, INC. (Exact Name of Registrant As Specified in Its Charter)
, UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission File Number: 001-36746 PARAMOUNT GROUP, INC. (Exact name of registrant as specified in its charter) Maryland 32-0439307 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 1633 Broadway, Suite 1801, New York, NY 10019 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (212) 237-3100 Securities registered pursuant to section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock of Paramount Group, Inc., PGRE New York Stock Exchange $0.01 par value per share Securities registered pursuant to section 12(g) of the Act: Title of each class None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
General Info.Indd
General Information • Landmarks Beyond the obvious crowd-pleasers, New York City landmarks Guggenheim (Map 17) is one of New York’s most unique are super-subjective. One person’s favorite cobblestoned and distinctive buildings (apparently there’s some art alley is some developer’s idea of prime real estate. Bits of old inside, too). The Cathedral of St. John the Divine (Map New York disappear to differing amounts of fanfare and 18) has a very medieval vibe and is the world’s largest make room for whatever it is we’ll be romanticizing in the unfinished cathedral—a much cooler destination than the future. Ain’t that the circle of life? The landmarks discussed eternally crowded St. Patrick’s Cathedral (Map 12). are highly idiosyncratic choices, and this list is by no means complete or even logical, but we’ve included an array of places, from world famous to little known, all worth visiting. Great Public Buildings Once upon a time, the city felt that public buildings should inspire civic pride through great architecture. Coolest Skyscrapers Head downtown to view City Hall (Map 3) (1812), Most visitors to New York go to the top of the Empire State Tweed Courthouse (Map 3) (1881), Jefferson Market Building (Map 9), but it’s far more familiar to New Yorkers Courthouse (Map 5) (1877—now a library), the Municipal from afar—as a directional guide, or as a tip-off to obscure Building (Map 3) (1914), and a host of other court- holidays (orange & white means it’s time to celebrate houses built in the early 20th century. -
Duane Morris LLP a Delaware Limited Liability Partnership 1540 Broadway New York, NY 10036 Tel: (212) 692.1000 Fax: (212) 208.4521 William C
12-12900-scc Doc 2 Filed 07/09/12 Entered 07/09/12 18:46:41 Main Document Pg 1 of 4 Duane Morris LLP A Delaware Limited Liability Partnership 1540 Broadway New York, NY 10036 Tel: (212) 692.1000 Fax: (212) 208.4521 William C. Heuer, Esq. and 190 South LaSalle Street Suite 3700 Chicago, IL 60603 Tel: (312) 499.6700 Fax: (312) 499.6701 John Robert Weiss, Esq. Counsel for Sovereign Bank, N.A. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ------------------------------------------------------------------- x In re: : Chapter 11 : PATRIOT COAL CORPORATION, : Case No. 12-12900 (SCC) : : Debtor. : ------------------------------------------------------------------- x NOTICE OF APPEARANCE AND REQUEST FOR SERVICE PLEASE TAKE NOTICE that Duane Morris LLP hereby appears in the above- referenced Chapter 11 case as attorneys for Sovereign Bank, N.A., and pursuant to Bankruptcy Rules 2002 and 9010(b) and § 1109(b) of the Bankruptcy Code, requests that copies of all notices and pleadings given or required in this case be given and served upon the following at the below addresses and facsimile numbers: John Robert Weiss William C. Heuer DUANE MORRIS LLP DUANE MORRIS LLP 190 South LaSalle Street, Suite 3700 1540 Broadway Chicago, IL 60603 New York, NY 10036 Tel: (312) 499-6700 Tel.: (212) 692.1000 Fax: (312) 499.6701 Fax: (212) 208.4521 DM3\2235074.1 12-12900-scc Doc 2 Filed 07/09/12 Entered 07/09/12 18:46:41 Main Document Pg 2 of 4 PLEASE TAKE FURTHER NOTICE that the foregoing request includes not only the notices and papers referred to in the Bankruptcy Rules specified above, but also includes without limitation, any notice, application, complaint, demand, motion, petition, pleading or request, whether formal or informal, written or oral, and whether transmitted or conveyed by mail, delivery, telephone, electronically or otherwise filed or made with regard to the above-captioned case and proceedings therein. -
Paramount Group, Inc
Exhibit 99.2 SUPPLEMENTAL OPERATING AND FINANCIAL DATA FOR THE QUARTER ENDED MARCH 31, 2021 1633 Broadway 1301 Avenue of the Americas 31 West 52nd Street One Market Plaza 300 Mission Street Market Center FORWARD-LOOKING STATEMENTS This supplemental information contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects” and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and could materially affect actual results, performance or achievements. These factors include, without limitation, the negative impact of the coronavirus 2019 (COVID-19) global pandemic on the U.S., regional and global economies and our tenants' financial condition and results of operations, the ability to enter into new leases or renew leases on favorable terms, dependence on tenants’ financial condition, trends in the office real estate industry including telecommuting, flexible work schedules, open workplaces and teleconferencing, the uncertainties of real estate development, acquisition and disposition activity, the ability to effectively integrate acquisitions, the costs and availability of financing, the ability of our joint venture partners to satisfy their obligations, the effects of local, national and international economic and market conditions, the effects of acquisitions, dispositions and possible impairment charges on our operating results, regulatory changes, including changes to tax laws and regulations, and other risks and uncertainties detailed from time to time in our filings with the U.S. -
Lower Manhattan
WASHINGTON STREET IS 131/ CANAL STREETCanal Street M1 bus Chinatown M103 bus M YMCA M NQRW (weekday extension) HESTER STREET M20 bus Canal St Canal to W 147 St via to E 125 St via 103 20 Post Office 3 & Lexington Avs VESTRY STREET to W 63 St/Bway via Street 5 & Madison Avs 7 & 8 Avs VARICK STREET B= YORK ST AVENUE OF THE AMERICAS 6 only6 Canal Street Firehouse ACE LISPENARD STREET Canal Street D= LAIGHT STREET HOLLAND AT&T Building Chinatown JMZ CANAL STREET TUNNEL Most Precious EXIT Health Clinic Blood Church COLLISTER STREET CANAL STREET WEST STREET Beach NY Chinese B BEACH STStreet Baptist Church 51 Park WALKER STREET St Barbara Eldridge St Manhattan Express Bus Service Chinese Greek Orthodox Synagogue HUDSON STREET ®0= Merchants’ Fifth Police Church Precinct FORSYTH STREET 94 Association MOTT STREET First N œ0= to Lower Manhattan ERICSSON PolicePL Chinese BOWERY Confucius M Precinct ∑0= 140 Community Plaza Center 22 WHITE ST M HUBERT STREET M9 bus to M PIKE STREET X Grand Central Terminal to Chinatown84 Eastern States CHURCH STREET Buddhist Temple Union Square 9 15 BEACH STREET Franklin Civic of America 25 Furnace Center NY Chinatown M15 bus NORTH MOORE STREET WEST BROADWAY World Financial Center Synagogue BAXTER STREET Transfiguration Franklin Archive BROADWAY NY City Senior Center Kindergarten to E 126 St FINN Civil & BAYARD STREET Asian Arts School FRANKLIN PL Municipal via 1 & 2 Avs SQUARE STREET CENTRE Center X Street Courthouse Upper East Side to FRANKLIN STREET CORTLANDT ALLEY 1 Buddhist Temple PS 124 90 Criminal Kuan Yin World -
Asking Rents Remain Stable Despite Faltering Leasing Activity
MARKETVIEW SNAPSHOT Midtown Manhattan Office, May 2020 Asking rents remain stable despite faltering leasing activity Figure 1: Midtown Market Activity Apr. 2020 Mar. 2020 Apr. 2019 YTD 2019 YTD 2020 Leasing Activity 0.40 MSF 0.85 MSF 1.85 MSF 5.77 MSF 4.50 MSF Renewals 0.28 MSF 0.22 MSF 0.48 MSF 1.47 MSF 1.56 MSF Absorption (0.11) MSF (0.25) MSF 0.20 MSF (1.22) MSF (1.27) MSF Availability Rate 11.8% 11.8% 10.7% Vacancy Rate 8.0% 7.9% 7.6% Average Asking Rent $87.77 PSF $87.00 PSF $88.20 PSF Taking Rent Index 92.8% 93.2% 94.0% Source: CBRE Research, May 2020. MARKET HIGHLIGHTS • Monthly leasing activity totaled 405,000 sq. ft., 72% below the five-year monthly average of 1.43 million sq. ft. • Year-to-date leasing activity was down 22% from the same period last year. • Renewals totaled 277,000 sq. ft. in April, bringing the year-to-date total to 1.56 million sq. ft. • The availability rate was flat month-over-month but up 110 basis points (bps) year-over-year. • Net absorption was negative 109,000 sq. ft. in April, bringing the year-to-date total to negative 1.27 million sq. ft. • The average asking rent was essentially flat both month-over-month and year-over-year. • Sublease availability was 2.5%, with an average asking rent of $66.63 per sq. ft., up 18% year-over-year. Figure 2: Top Lease Transactions Size (Sq. -
Feature Property
Woolworth Building An early skyscraper, National Historic Landmark since 1966, and New York City landmark since 1983, the Woolworth Building was the tallest building in the world upon completion in 1913 until 1930. 233 Broadway New York, NY Neo-Gothic Style Façade Architectural Details Straight lines of the “piers” ascend upwards to the over-scaled pyramidal cap Top Portion of Building 57th Floor Observation Deck until 1940 Building Use Transition U-Shaped Portion- 29 Stories Tall Top 30 Floors Conversion to Luxury Residential Condominiums Lobby Details Marble Finishes Vaulted Ceiling Mosaics Stained-Glass Ceiling Light Bronze Fittings PROJECT SUMMARY Project Description A classic early high-rise architectural landmark incorporating Gothic themes with the modern idea of a skyscraper. The 1913 Gothic Revival building featured gargoyles, arches and flying buttresses. Bordered by Broadway, Barclay Street, Church Street, and Park Place, the building is located in New York City’s Financial District. Building Description 57 floor, Neo-Gothic designed, steel-rigid frame structure with light gray, limestone-colored, glazed, terra-cotta façade Official Building Name Woolworth Building Location 233 Broadway, New York City, NY Construction Start - 1910 | Completion- 1913 History Tallest building in the World 1913 - 1930 Named the “Cathedral of Commerce” upon completion Construction Cost $13.5 million LEADERSHIP | PROJECT TEAM | DESIGN | CONSTRUCTION U.S. President Woodrow Wilson New York City Mayor William Jay Gaynor Building Owner 1913 F.W. Woolworth Company Developer F.W. Woolworth Company & Irving National Exchange Bank Architect Cass Gilbert Structural Engineering Gunvald Aus Company Primary Contractor Thompson-Starrett & Company Current Use Office | Residential (top 30 floors) BUILDING CONSTRUCTION & AMENITIES SUMMARY Size 1.3 Million GSF Height 792 Feet | 241 Meters Number of Floors 57 (above ground) Design 57 floor, Neo-Gothic architectural style, featuring gargoyles, arches and flying buttresses. -
Supersized Billboards in Times Square Command Ever-Increasing Rents
MARKETVIEW MANHATTAN RETAIL Manhattan Retail, Q1 2015 Supersized billboards in Times Square command ever-increasing rents U.S. Consumer Confidence Index U.S. Retail Sales U.S. Unemployment Rate U.S Retail Trade Employment (Mar 2015) 101.3 (Mar 2015) 0.9% (Mar 2015) 5.5% (Mar 2015) 26,000 *Arrows indicate month-over-month change Figure 1: Key Economic Indicators NYC NYC Manhattan NYC Unemployment Rate Retail Job Count Retail Sales Volume Private Sector Job Count 6.6% i352.3 K i1.5 B h23 K (March 2015) (March 2015) (Q1 2015) (March 2015) *Arrows indicate month-over-month change, except for Manhattan Retail Sales Volume, Sources: The Conference Board; U.S. Department of Commerce; U.S. Department of Labor; which is quarter-over-quater. New York State Department of Labor; Real Capital Analytics. RETAIL NEWS • Brookfield place celebrated its grand • Bloomingdale’s will debut its first outlet store opening after undergoing a $250 million located in an urban center, at 2085 redevelopment. With 375,000 sq. ft. of retail Broadway. Slated to open by fall 2015, the space, the luxury mall features Diane von company’s 14th outlet store will occupy Furstenberg, Tory Burch, Omega and Vince 25,000 sq. ft. across three stories. among its tenant roster, as well as innovative • General Growth Properties Inc. recently dining destinations Le District and Hudson purchased the retail co-op at 85 Fifth Avenue Eats. for $86 million. Located one block west of Union Square, the building contains 12,946 • Set to become the second largest residential sq. ft. of retail space across the ground floor building in Manhattan, 606 W. -
State of New York Court of Appeals
State of New York OPINION Court of Appeals This opinion is uncorrected and subject to revision before publication in the New York Reports. No. 50 John Kuzmich, et al., Appellants, v. 50 Murray Street Acquisition LLC, Respondent. -------------------------------------------- No. 51 William T. West, et al., Appellants, v. B.C.R.E. - 90 West Street, LLC, Respondent, Lee Rosen, Defendant. Case No. 50: Robert S. Smith, for appellants. James M. McGuire, for respondent. Metropolitan Council on Housing; The Real Estate Board of New York, amici curiae. Case No. 51: Robert S. Smith, for appellants. Magda L. Cruz, for respondent. STEIN, J.: The question presented on these appeals is whether plaintiffs’ apartments, which are located in buildings receiving tax benefits pursuant to Real Property Tax Law (RPTL) § 421-g, are subject to the luxury deregulation provisions of the Rent Stabilization Law - 1 - - 2 - Nos. 50, 51 (RSL) (see generally Rent Stabilization Law of 1969 [Administrative Code of City of New York § 26-504.1]). We conclude that they are not and, therefore, reverse. I In each of these cases, plaintiffs are individual tenants of rented apartments located in lower Manhattan, which are owned by defendants, 50 Murray Street Acquisition LLC or B.C.R.E. – 90 West Street, LLC.1 Defendants have received certain tax benefits pursuant to section 421-g of the RPTL in connection with the conversion of their buildings from office space to residential use. In these actions, plaintiffs seek, among other things, a declaration that their apartments are subject to rent stabilization. Plaintiffs allege that defendants failed to treat the apartments as rent stabilized even though the receipt of benefits under RPTL 421-g is expressly conditioned upon the regulation of rents in the subject buildings. -
Aroundmanhattan
Trump SoHo Hotel South Cove Statue of Liberty 3rd Avenue Peter J. Sharp Boat House Riverbank State Park Chelsea Piers One Madison Park Four Freedoms Park Eastwood Time Warner Center Butler Rogers Baskett Handel Architects and Mary Miss, Stanton Eckstut, F A Bartholdi, Richard M Hunt, 8 Spruce Street Rotation Bridge Robert A.M. Stern & Dattner Architects and 1 14 27 40 53 66 Cetra Ruddy 79 Louis Kahn 92 Sert, Jackson, & Assocs. 105 118 131 144 Skidmore, Owings & Merrill Marner Architecture Rockwell Group Susan Child Gustave Eiffel Frank Gehry Thomas C. Clark Armand LeGardeur Abel Bainnson Butz 23 East 22nd Street Roosevelt Island 510 Main St. Columbus Circle Warren & Wetmore 246 Spring Street Battery Park City Liberty Island 135th St Bronx to E 129th 555 W 218th Street Hudson River -137th to 145 Sts 100 Eleventh Avenue Zucotti Park/ Battery Park & East River Waterfront Queens West / NY Presbyterian Hospital Gould Memorial Library & IRT Powerhouse (Con Ed) Travelers Group Waterside 2009 Addition: Pei Cobb Freed Park Avenue Bridge West Harlem Piers Park Jean Nouvel with Occupy Wall St Castle Clinton SHoP Architects, Ken Smith Hunters Point South Hall of Fame McKim Mead & White 2 15 Kohn Pedersen Fox 28 41 54 67 Davis, Brody & Assocs. 80 93 and Ballinger 106 Albert Pancoast Boiler 119 132 Barbara Wilks, Archipelago 145 Beyer Blinder Belle Cooper, Robertson & Partners Battery Park Battery Maritime Building to Pelli, Arquitectonica, SHoP, McKim, Mead, & White W 58th - 59th St 388 Greenwich Street FDR Drive between East 25th & 525 E. 68th Street connects Bronx to Park Ave W127th St & the Hudson River 100 11th Avenue Rutgers Slip 30th Streets Gantry Plaza Park Bronx Community College on Eleventh Avenue IAC Headquarters Holland Tunnel World Trade Center Site Whitehall Building Hospital for Riverbend Houses Brooklyn Bridge Park Citicorp Building Queens River House Kingsbridge Veterans Grant’s Tomb Hearst Tower Frank Gehry, Adamson Ventilation Towers Daniel Libeskind, Norman Foster, Henry Hardenbergh and Special Surgery Davis, Brody & Assocs. -
Cities Service Building, First Floor Interior
Landmarks Preservation Commission June 21, 2011; Designation List 443 LP-2442 CITIES SERVICE BUILDING, FIRST FLOOR INTERIOR, consisting of the main lobby spaces and fixtures and components of these spaces, including but not limited to, wall and ceiling surfaces, floor surfaces, stairs leading to basement lobby and second floor, vestibules, shop fronts, information kiosk, entrance doors, revolving door enclosures, elevator doors, grilles, railings, lighting fixtures, and signs; 70 Pine Street (aka 66-76 Pine Street, 2-18 Cedar Street, 171-185 Pearl Street), Manhattan. Built 1930-32; Clinton & Russell, Holton & George, architects. Landmark Site: Borough of Manhattan Tax Map Block 41, Lot 1 On May 10, 2011, the Landmarks Preservation Commission held a hearing on the proposed designation of the Cities Service Building, First Floor Interior (Item No. 2). The hearing was duly advertised according to provisions of law. Six people spoke in favor of designation, including representatives of the owners, Manhattan Community Board 1, the Historic Districts Council, and the New York Landmarks Conservancy. Summary The first floor of the 66-story Cities Service Building contains one the most impressive office building lobbies in New York City. Designed by Clinton & Russell, Holton & George in 1930-32, it is a superb example of the Art Deco style, with stunning marble walls and floors, molded plaster ceilings and cast aluminum details that express the original owner’s role in the production and delivery of energy. The lobby has four entrances, divided equally between Pine and Cedar Streets. To compensate for a deeply sloping site, the east portals open to spacious vestibules that incorporate wide staircases that rise to the first floor and descend to the basement lobby. -
Chevron Plaza up to 12,272 Sf for Lease
Chevron Plaza Up to 12,272 sf for lease VIEW THE VIRTUAL TOUR John Engbloom Damon Harmon, CPA, CGA Josh Manerikar 403.617.3029 403.875.3133 403.988.9546 [email protected] [email protected] [email protected] Chevron Plaza Up to 12,272 sf available Space Profile immediately Landlord: Chevron Canada Resources Ltd. Premises: 10th Floor: 12,272 sf Availability: Immediately Term Expiry: 2 - 5 years Rental Rate: $21.50 per sf gross rates Features & Amenities T.I.A.: As is Parking: 1 stall per 3,000 sf Recently renovated well improved premises with demountable wall system Fully furnished with new furniture including electronic height adjustable desk for tenant use and all meeting/boardroom furniture in place Building Information Efficient office intensive layout with approximately 45 offices Address: 500 Fifth Avenue SW Recently renovated elevators and lobbies Year of Completion: 1981 New conference centre located on the 4th floor available for tenant use Number of Floors: 23 Plus 15 connections to 520 – 5 Avenue SW & Rentable Area: 267,000 sf 444 – 5 Avenue SW Average Floor plate: 12,272 sf Security: Card key access HVAC: 7 days per week 24 hours per day Chevron Plaza 10th Floor 12,272 sf 31 perimeter offices Chevron Business and Real Estate Services 14 interior offices Calgary, Alberta, Canada 2 meeting rooms CHEVRON CANADA RESOURCES CHEVRON PLAZA - TENTH FLOOR Boardroom Kitchen 1054 1060 1062 1048 1050 1052 1056 1058 PEN 01 Copy station COR 03 1046 1057 1009 1002 1059 1045 1055 1001 1061 1044 1011 1004 1003 1013 1042 1006 ELEC 01 1039D TEL 01 ELEV 1 MENS 1015 1005 1008 1040 1039C ELEV 5 ELEV 2 UNIVER PEN 03 STAIR A-B 1038 1017 1007 1010 ELEV 3 ELEV 6 1039B WOMENS 1019 1012 TEL 02 1036 ELEV 4 ELEV 7 1039A JAN 01 COR 01 LOBBY 1034 1016 1014 1031 1029 1027 1025 1023 1032 1018 COR 02 PEN 02 1030 1028 1026 1024 1022 1020 BL1000405-10-ARC-FLP-CVX-002-1 - October 4, 2019 FLOOR PLAN NOT TO SCALE.