CIM Group acquires resi portion of UES luxury rental for $200M

CIM Group has picked up a luxury rental tower on the Upper East Side. Well, most of it at least. The Los Angeles-based investment firm paid $200 million for the residential portion of the property at 165 East 66th Street at the corner of Third Avenue, according to city property records filed Friday. The company shelled out another $10 million for the garage portion of the building, while the seller, Miami-based developer Crescent Heights, retains […]

from The Real Deal New York http://bit.ly/2UU7jOc

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