Corporate Property Investors
| Industry | Real Estate |
|---|---|
| Founded | 1971 |
| Founder | Disque Deane |
| Defunct | 1998 |
| Fate | Acquired by Simon Property Group |
| Headquarters |
Corporate Property Investors was a real estate investment company built several notable shopping centers, including Lenox Square in Atlanta, the Burlington Mall in Massachusetts, and Roosevelt Field Mall in New York.
History
CPI was founded in 1971 by Disque Deane.[1]
In 1982, the company financed the General Motors Building (Manhattan) with $500 million and received an option to buy the building.[2][3]
In 1991, the company acquired the General Motors Building for $500 million.[1]
In 1998, CPI was acquired by Simon Property Group.[4][5]
The General Motors Building was sold separately to Donald Trump and CNO Financial Group.[6]
References
- ^ a b HYLTON, RICHARD D. (February 15, 1991). "Real Estate Group Buys G.M. Building". The New York Times.
- ^ MARTIN, DOUGLAS (January 5, 1982). "G.M. TO GET $500 MILLION FOR EDIFICE". The New York Times.
- ^ Henry, Diane (January 20, 1982). "The G.M. Building: A Rare Deal". The New York Times.
- ^ "Simon buys: Simon DeBartolo Group Inc. will buy Corporate". Chicago Tribune. February 19, 1998.
- ^ BAGLI, CHARLES V. (February 20, 1998). "Simon DeBartolo Wins Fight For a Prime Group of Malls". The New York Times.
- ^ YARDLEY, JIM (May 31, 1998). "Trump Buying The Landmark G.M. Building". The New York Times.