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BlackRock Inc. has cut its stake in Paramount Group, from a reported 14 percent down to 9.7 percent, Crain’s New York Business first reported. The latter figure is confirmed by an SEC Amended Statement of Ownership (Schedule 13G/A).

Paramount’s holdings in New York City total 11 buildings: 31 W. 52nd St.; 1301 and 1325 Avenue of the Americas; 1600 and 1633 Broadway; 712, 718 and 745 Fifth Ave.; 60 Wall St.; 900 Third Ave.; and 700 8th Ave.

BlackRock’s move follows closely behind its having decreased its stake in the owner of the Empire State Building. That reduction reportedly took BlackRock from about 10.1 percent ownership to 8.9 percent, meaning that BlackRock still has a substantial stake of about 15 million shares in the owner of King Kong’s favorite NYC landmark, Empire State Realty Trust.