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CIM is buying Brooklyn’s tallest office tower

CIM is buying Brooklyn’s tallest office tower

CIM Group agreed to buy SL Green Realty’s Downtown Brooklyn office tower at 16 Court Street for $171 million. The deal is expected to close in the fourth quarter, SL Green said in a statement Thursday. The real estate investment trust and City Investment Fund bought the 36-story, 317,600-square-foot building for $107.5 million in 2007. Six years later, SL Green bought out its partner for $62.5 million, valuing the building at $96.2 million. Last year, […]


Source: realdeal

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