trending Market Intelligence /marketintelligence/en/news-insights/trending/jocoq4ojc9-l90gmr1wjsq2 content esgSubNav
In This List

CIM Group, partner invest in 435M-shekel San Francisco office building

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


CIM Group, partner invest in 435M-shekel San Francisco office building

A partnership between real estate investment firm CIM Group Inc. and Israel-based Harel Insurance is co-investing in a 435 million-Israeli-shekel office building in San Francisco, Reuters reported.

Harel, which has a 40% stake in the partnership, is committing an equity investment of 90 million shekels.

According to the report, the 11-story asset is under a long-term lease to a technology tenant.

As of Feb. 20, US$1 was equivalent to 3.50 new Israeli shekels.