Sunrise Real Estate Group, Inc., Robhana Group, Inc. and 4M Investment Group Inc. acquired West Los Angeles office building from TPMC Realty Corporation for $39.3 million.
April 28, 2014 at 12:00 am EDT
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Sunrise Real Estate Group, Inc. (OTCPK:SRRE), Robhana Group, Inc. and 4M Investment Group Inc. acquired West Los Angeles office building from TPMC Realty Corporation for $39.3 million on March 31, 2014. Barak Volner and Rachel H. Magner of IDB Bank acted as lenders and provided financing for the acquisition. The building will be operated by SRG Management, a subsidiary of Sunrise Real Estate Group. Ali Bararsani of Newmark Grubb Knight Frank acted as real estate broker for buyers. TPMC Realty Corp. used in-house representation in the deal.
Sunrise Real Estate Group, Inc. (OTCPK:SRRE), Robhana Group, Inc. and 4M Investment Group Inc. completed the acquisition of West Los Angeles office building from TPMC Realty Corporation on March 31, 2014.
Sunrise Real Estate Group, Inc. is engaged in the provision of property brokerage services. The Company's segments are Property Brokerage Services, Real Estate Development and Corporate. The Company operates in the People's Republic of China (PRC). The Company's services include property marketing, leasing and management services, and real estate development. The real estate property under development consists of residential unit sites, and commercial and residential unit sites under development. The real estate property under development represents the Company's real estate development project in Linyi, the PRC (Linyi Project), which is located on the junction of Xiemen Road and Hong Kong Road in Linyi City Economic Development Zone, Shandong Province, PRC. The project covers a site area of approximately 103,385 square meters for the development of villa-style residential housing buildings. The Company leases its office properties under non-cancellable operating lease arrangements.
Sunrise Real Estate Group, Inc., Robhana Group, Inc. and 4M Investment Group Inc. acquired West Los Angeles office building from TPMC Realty Corporation for $39.3 million.
SUNRISE REAL ESTATE GROUP, INC. 
