Corporate Property Investors

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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[edit]

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[edit]

  1. ^ a b HYLTON, RICHARD D. (February 15, 1991). "Real Estate Group Buys G.M. Building". The New York Times.
  2. ^ MARTIN, DOUGLAS (January 5, 1982). "G.M. TO GET $500 MILLION FOR EDIFICE". The New York Times.
  3. ^ Henry, Diane (January 20, 1982). "The G.M. Building: A Rare Deal". The New York Times.
  4. ^ "Simon buys: Simon DeBartolo Group Inc. will buy Corporate". Chicago Tribune. February 19, 1998.
  5. ^ BAGLI, CHARLES V. (February 20, 1998). "Simon DeBartolo Wins Fight For a Prime Group of Malls". The New York Times.
  6. ^ YARDLEY, JIM (May 31, 1998). "Trump Buying The Landmark G.M. Building". The New York Times.