CIM Group sells former WeWork building after foreclosure

CIM Group has sold a Greenwich Village office building once co-owned by Adam Neumann to a New York-based group. Sam Goldsmith and Rob Goldman’s Bulldog Real Estate Partners teamed up with Acram Group to acquire 88 University Place for 46 million, records show. The sale was Bulldog’s first acquisition, Goldsmith said. The new owners plan to upgrade the 100,000 square foot, 11-story office building, including adding pre-built suites to attract AI and tech tenants. The building is about 65 percent occupied, according to Goldsmith. Bulldog and Acram secured 42 million in financing from BridgeInvest. Crain’s first reported on the deal. []This article originally appeared on The Real Deal. Click here to read the full story.