In a market experiencing unprecedented change, parties involved in high-stakes real estate deals need a steady, trusted hand to guide them. The Paul, Weiss Real Estate Practice leverages a history of executing every kind of real estate property transaction and unparalleled business and legal acumen to help the most complex projects succeed amid volatile economic conditions.
CIM Group Sells Stake in Chicago’s Marquee at Block 37
- Client News
- December 9, 2019
Paul, Weiss advised CIM Group, L.P. in the sale of its majority interest in the Marquee at Block 37, a 690-unit high-rise apartment tower in downtown Chicago, to a Canadian investor group, Morguard North American Residential REIT. The all-cash transaction, which closed on December 9, values the 34-story luxury building at $265 million. Paul, Weiss earlier advised CIM in the construction financing and the permanent financing for the apartment tower.
The Paul, Weiss team included real estate partner Harris Freidus and tax partner David Mayo.