Tag archive for ‘CIM Group’
News Brief On Wednesday, September 6th, 2017

Aby Rosen Pays $135 Million for Former Jehovah’s Witnesses Hotel

  Aby Rosen’s RFR Realty paid $135 million to purchase the 400,000-square-foot Jehovah’s Witnesses’ former residential hotel at 90 Sands Street, property records filed Tuesday show. The building is part More...

Adi Cohen On Thursday, August 4th, 2016

Kushner, CIM and LIVWRK Close on Watchtower Buy in Dumbo for $340 Million

  A partnership led by Kushner Companies, CIM Group and LIVWRK has finalized a deal for the famed Jehovah’s Witnesses’ Watchtower building in Brooklyn,  The Real Deal has learned. The deal, one More...

Kurt Tucholsky On Tuesday, May 19th, 2015

SL Green to Buy Sapir’s Iconic 11 Madison Ave for $2.6 Billion

  Stephen Green’s SL Green Realty is reportedly set to acquire the iconic office tower 11 Madison Avenue in Manhattan for $2.6 billion. The deal, first reported by the New York Post, could well be the More...

Noam Meir On Saturday, February 7th, 2015

Ben Shaoul Secures $360 Million in Loans for Verizon Building Refit

Ben Shaoul’s Magnum Real Estate has closed on a $360 million loan to complete the conversion of Manhattan’s Verizon office building located at  into luxury condominiums, the Mortgage Observer reported. The More...

Noam Meir On Sunday, July 20th, 2014

Kushner, CIM Group, Selling 2 Rector Street in Manhattan for $200 Million

– Kushner and CIM look to turn $60 million in profit on a one-year investment. – Jared Kushner’s Kushner Companies and CIM Group are looking to flip 2 Rector Street in lower Manhattan for as much More...

Noam Meir On Friday, July 18th, 2014

Harry Macklowe Again Owns a Piece of 432 Park Ave. At $450 Million

– In 2008 he was forced to sell his share of the property to CIM for $315 million, after Deutsche Bank called in mortgages of more than $500 million.. – Harry Macklowe’s real estate firm Macklowe More...

Noam Meir On Sunday, July 13th, 2014

New 38 Story Tower Apartment/Hotel Rising on Chicago’s Block 37

– After years of delays, Chicago’s Loop will finally see construction on a new tower. – Shaul Kuba’s Los Angeles-based CIM Group is resuscitating work on the Block 37 shopping mall development More...

Alan Gallindoss On Saturday, March 8th, 2014

Shaul Kuba’s CIM Group Kicks Off New Project on Hollywood’s Sunset Strip With Boutique Hotel

– – The CIM Group is a Los Angeles based real estate development company, founded by investors Shaul Kuba, Avi Shemesh and Richard Ressler. Yesterday CIM announced it was partnering with the New More...

Alan Gallindoss On Tuesday, October 29th, 2013

Steve Wynn Hits the Tables in Las Vegas and the News

– Casino entrepreneur Steve Wynn rarely stays out of the news for long, and this week he seems to be popping up all over the place with some PR help for his friends. – – Rolling Dice At The More...

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