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1960's • Paramount Group is established by Werner Otto of Hamburg, Germany to invest in U.S. real estate on behalf of the Otto family.

1970's
888 7th Avenue

• Paramount sees attractive acquisition opportunities on heels of New York Financial Crisis; purchases 1633 Broadway and 888 7th Avenue.
• Paramount moves its headquarters from Chicago to New York so that it can better focus on its core target market.

1980's

Paramount purchases, repositions, and sells 50 million square feet of regional malls.

1990's
Financial Square

• Albert Behler joins Paramount as President and CEO.
• Paramount transforms One Wilshire into the premier telecom hotel in the Western U.S.
• Savings and Loan Crisis temporarily depresses asset values; Paramount purchases Financial Square and 45 Broadway. Uncertain times following the Asian and Russian Financial Crises create buying opportunities; Paramount purchases 712 Fifth Avenue, 1325 Avenue of Americas, 900 Third Avenue.

2000's
1177 Avenue of Americas

• Collapse of Tech Bubble and 9/11 Attacks cause large valuation decreases, particularly in New York; Paramount purchases 150 East 52nd Street, 745 Fifth Avenue, and 1177 Avenue of the Americas.
• Paramount Group Real Estate Funds I & II are formed.

2010
31 West 52nd Street

* Subprime Mortgage Crisis and Worldwide Recession cause large valuation drops in real estate, creating tremendous buying opportunities; Paramount purchases 31 West 52nd Street, 440 Ninth Avenue, and 1301 Avenue of the Americas.