Paramount Group, a major office real estate investment trust (REIT) with significant holdings in New York City and San Francisco, is actively exploring strategic alternatives that could include an outright sale of the company. The firm has engaged investment bankers to assist in this process as it seeks to maximize shareholder value amid recent corporate governance scrutiny and management transitions, including the replacement of its CFO. This development follows earlier revelations of undisclosed payments to outside firms controlled by CEO Albert Behler. Meanwhile, other office leasing activity in New York continues, with investment firm Starr signing a lease at 1177 Sixth Avenue and Industrious securing a 24,000-square-foot lease at 107 Greenwich Street. Additionally, the Chrysler Building is reportedly on the market as its landowner looks to boost income. SL Green and PGIM are focusing on securing a major lease at 11 Madison Avenue with Pinterest.