Michael Nierenberg knows how to get a steal on a real estate deal — professionally and personally. His Rithm Capital agreed on Sept. 17 to acquire Paramount Group for $1.6 billion, a rare entrance into the commercial real estate market with Class A office space at a low entry point as the Federal Reserve was expected to — and did — lower interest rates. One of the largest U.S. mortgage servicers, Rithm announced the news after The Real Deal and other outlets reported it was in the lead ...
