CMCT Declares Common Stock Dividend
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 22, 2024 to stockholders of record at the close of business on July 8, 2024.
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
CMCT, Kanden Realty and Taisei Corporation to Convert Prominently Located Los Angeles Office Building into Luxury Multifamily
CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that it has partnered with Kanden Realty, Taisei Corporation and a third international institutional investor to convert 4750 Wilshire Boulevard, a three-story office building in the prominent Hancock Park neighborhood of Los Angeles, into a mix of office space and luxury apartments. The upper two floors of the building will be converted into 68 luxury apartments, while approximately 30,000 square feet of 100% leased ground floor office will remain in place.
CMCT Executing on Strategy to Grow Multifamily Portfolio with Acquisition of Three Multifamily Assets
CMCT (NASDAQ:CMCT and TASE:CMCT-L) announced today that it is expanding its multifamily portfolio with the planned addition of 696 apartment units across three assets. The acquisitions advance CMCT’s strategy to focus the portfolio on highly amenitized premier multifamily and creative office assets in dynamic, high barrier to entry markets.
CMCT Declares Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.
CMCT Announces Closing of New Credit Facility
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has entered into a new $206 million secured credit facility. The new facility matures in December 2025 with two one-year extension options and replaces the company's prior credit facility that was set to mature in October 2023.
CMCT Declares Common and Preferred Stock Dividends
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on October 17, 2022 to stockholders of record at the close of business on October 3, 2022.
CMCT Invests in Echo Park, Los Angeles
CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it, along with a co-investor, has made a $51 million investment in 1910 W. Sunset Blvd., and will transform the approximately 99,000-square-foot building into the preeminent creative office property in the Echo Park neighborhood of Los Angeles. CMCT will own approximately 44% of the property.
CMCT Announces Penn Field, a 228,000-Square-Foot Creative Office Campus in Austin, Expected to Reach 99 Percent Leased
CIM Commercial Trust Corporation ("CMCT”) (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Penn Field property located at 3601 South Congress Avenue in Austin, Texas is now approximately 97% leased, up from approximately 85% in third quarter of 2021. In the fourth quarter 2021, three leases were executed at Penn Field including a 10-year, 20,532-square-foot lease with a premier technology company. Subsequent to signing this lease, this technology company exercised its right to take additional space that would increase the property to 99% leased.
