CIM, Kushner Take On SoHo Office, Retail Building

Law360, New York (February 3, 2012, 9:19 PM EST) -- Real estate investor CIM Group and developer Kushner Cos. have bought a seven-story office and retail property in Manhattan's SoHo neighborhood, the companies announced Friday.

CIM and Kushner plan to renovate the building at 200 Lafayette Street into a Class-A Leadership in Energy and Environmental Design (LEED)-certified office and retail property. Renovations are scheduled to begin later this year.

Details of the transaction were not disclosed.

The building is currently home to a Capital One Financial Corp. bank branch, which occupies 4,500 square feet of ground...
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