CIM Group

Built World

Expansion upheld; construction continues

The Los Angeles City Council voted 12-0 on October 20 to reject Emerson College's appeal. The vote lets CIM Group add an eighth floor to its apartment complex at 6007 W. Sunset Boulevard in Hollywood, taking it from 109 units to 172.

Updated Oct 25

Money Moves

Prior owner of the Motor Mart garage (2016-2026)

Boston's Motor Mart garage, once billed as the world's largest parking structure, has a new owner at a sharply reduced price: Related Beal and Freeport Equity bought the 1,037-stall garage at 201 Stuart St. The Boston Globe, citing an anonymous source, reported the price at about $89 million, a little more than half the $162.5 million CIM Group paid in 2016.

Updated Oct 16