The Real Deal Miami

Commercial properties turned over

December 05, 2008 10:53AM

Cabi Developers, an Aventura ownership group that’s part of GICSA,
among the largest developers in Mexico, gave up 53 buildings in 31
sites at the behest of its investors. Houston-based Hines will now
control the properties. Cabi backers decided they no longer
wanted to keep up payments. Cabi served as a fee-based asset manager
for about 18 months as part of the buyout of Arden Realty, a Los
Angeles company.
Note: Correction appended.