CIM Group buys WeHo apartments across from its Lot at Formosa property
CIM Group is growing its holdings in West Hollywood while dealing with distress in the Bay Area. The Los Angeles-based firm just purchased the Domain WeHo apartment community at 7141 Santa Monica Boulevard for an undisclosed price, L.A. Business First reported. CIM acquired the multifamily property in partnership with Hulic Company. RREEF Property Trust, the real estate investment arm of DWS Group, was the seller. RREEF bought the residences in 2019 for more than $103 million, The Real Deal reported at the time. The seven-story building boasts 166 units and 9,000 square feet of retail. The property opened in 2017 […]This article originally appeared on The Real Deal. Click here to read the full story.
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