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Paramount Completes Buyout of Partner's Interest in 31 W. 52nd

Investor Pays $230M for 36% Ownership Stake, Valuing Asset at $1.06B
By Justin Sumner
CoStar News
October 9, 2015 | 6:58 P.M.

(UPDATE | Oct. 2, 2015):  Paramount Group, Inc. (NYSE: PGRE) has closed on its previously announced acquisition of the remaining 35.8% equity interest in 31 W. 52nd St. from its joint-venture partners Hines and Deutsche Asset & Wealth Management for $230 million.

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