Cim Group Problems 2024. David mann of manulife says the success of. Developer cim group hit back at an explosive lawsuit from the condo board at 432 park avenue, its luxury supertall where residents have alleged widespread construction.

While it appears 2023 avoided what many prognosticators called “the most anticipated recession in history,” recession risks entering 2024 haven’t disappeared. A $123 million loan from blackstone had the office building at 444 north michigan avenue as collateral, and cim group and golub snagged extra time to dodge default.