Paramount Group CEO’s golden parachute could net him $34M

October 30, 2025 / no comments

Albert Behler’s “golden parachute” will allow him to enjoy more than a few dinners at Le Bernardin.  If the Paramount Group CEO and Chairman steps down from his position after the company’s sale to Rithm Capital closes, he will be leaving the office REIT with $34.1 million, according to Paramount’s Securities and Exchange Commission filings.  The compensation package is part of Behler’s existing employment agreement with Paramount. Behler’s compensation will include $10.7 million in cash, $19.97 million in unvested equity awards and $3.3 million in other compensation, according to the SEC filing. Other Paramount executives will also be entitled to […]

This article originally appeared on The Real Deal. Click here to read the full story.

Council wants higher wages for building security guards after 345 Park shootings

October 30, 2025 / no comments

Two months after a gunman killed four people at Rudin Management’s 345 Park Avenue, the City Council introduced a measure that would set minimum wages for security guards and increase training requirements.  The Aland Etienne Safety and Security Act, named for one of the security guards killed in the building’s lobby, would set minimum hourly wages and benefits for non-government security guards. The wage floor would have to be at least as much as prevailing wages, which are union-level rates set annually. For unarmed guards in 2026, that rate ranges from $18.02 per hour (plus benefits) to $21.20 (depending on […]

This article originally appeared on The Real Deal. Click here to read the full story.