NEW YORK CITY-The distressed sale of unsold units in William Beaver House, a 47-story condo building in the Financial District, has contributed to a sharp drop in refunds and asking prices for future buyers. Last month, California-based CIM Group, the new owner, assumed control over the 209 unsold units at the tower on William Street.
Now an amendment has been filed by the new owner in view of reducing asking prices for the units by $91.8 million, a reduction of 21.5%. For the full story, go to Wall Street Journal.
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