DOCSLIB.ORG

CINAV August 2020 Prospectus

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CINAV August 2020 Prospectus Table of Contents Filed Pursuant to Rule 424(b)(3) Registration No. 333-236339 PROSPECTUS CIM Income NAV, Inc. Maximum Offering of $4,000,000,000 CIM Income NAV, Inc. is a corporation that primarily acquires single-tenant necessity commercial properties, which are leased to creditworthy tenants under long-term net leases. By utilizing this conservative and disciplined investment approach, we expect to generate a relatively predictable and stable current stream of income for stockholders, along with the potential for long-term capital appreciation in the value of our real estate. We have elected to be taxed, and currently qualify, as a real estate investment trust (“REIT”), for federal income tax purposes commencing with our taxable year ended December 31, 2012. We are externally managed by our advisor, CIM Income NAV Management, LLC (“CIM Income NAV Management”), which is owned by CCO Group, LLC. CCO Group, LLC and its subsidiaries (collectively, “CCO Group”) serve as our sponsor. CCO Group is a group of affiliated entities directly or indirectly owned and controlled by CIM Group, LLC (“CIM”). CIM is a community-focused real estate and infrastructure owner, operator, developer and lender with multi- disciplinary expertise, including acquisitions, management, development, leasing, research and capital markets. CIM is headquartered in Los Angeles, California and has offices in Oakland, California; Bethesda, Maryland; Dallas, Texas; New York, New York; Chicago, Illinois; Phoenix, Arizona; Tokyo, Japan; and Atlanta, Georgia. Our advisor has engaged a sub-advisor to assist in selecting and managing the component of our portfolio consisting of liquid assets. Pursuant to this prospectus, we intend to offer Class D Shares of common stock, Class T Shares of common stock, Class S Shares of common stock, and Class I Shares of common stock, which we refer to herein as “D Shares,” “T Shares,” “S Shares” and “I Shares,” respectively, on a continuous basis and for an indefinite period of time, by filing a new registration statement before the end of each prior offering, subject to regulatory approval. Pursuant to this prospectus, we are offering up to $4.0 billion in shares of common stock of the four classes, consisting of up to $3.5 billion in shares in our primary offering and up to $500.0 million in shares pursuant to our distribution reinvestment plan. We are offering to sell any combination of D Shares, T Shares, S Shares and I Shares with a dollar value up to the maximum offering amount. As of June 30, 2020, we had approximately 15.8 million D Shares outstanding, approximately 14.0 million T Shares outstanding, approximately 7,200 S Shares outstanding and approximately 942,000 I Shares outstanding. The per share purchase price may vary from month-to-month and, for each month, will equal, for each class of common stock, the sum of the net asset value (“NAV”) for such class, divided by the number of shares of that class outstanding as of the end of such month (NAV per share plus, for T Shares and S Shares sold in the primary offering only, applicable upfront selling commissions). On June 30, 2020, our NAV per share was $16.97, $16.56, $16.54 and $17.23, per D Share, per T Share, per S Share and per I Share, respectively. Our independent fund accountant calculates our NAV per share reflecting several components, including (1) the periodic valuations of our real estate assets and related liabilities by our independent valuation expert, (2) ongoing assessment by the valuation expert of the estimated impact of any events that require adjustments to the most recent valuations determined by the valuation expert, (3) updates in the price of liquid assets for which third-party market quotes are available, (4) valuations of any securities or other assets for which market quotes are not available, (5) valuation of our other assets and liabilities, (6) accruals of our distributions for each share class, and (7) estimates by our advisor of monthly accruals, on a net basis, of our operating revenues, expenses, including class-specific expenses, debt service costs and fees, including class-specific fees. Although we do not intend to list our common stock for trading on a stock exchange or other trading market, we have adopted a redemption plan designed to provide our stockholders with limited liquidity on a monthly basis for their investment in our shares. This investment involves a high degree of risk. You should purchase these securities only if you can afford a significant decline in, or a complete loss of, the value of your investment. See “Risk Factors” beginning on page 35 for risks to consider before buying our shares, including: • As of June 30, 2020, we owned 126 real estate properties and we have not identified all of the specific properties that we may purchase with future offering proceeds. Therefore, this is a “blind pool” offering and you will not be able to evaluate our additional acquisitions prior to the time of purchase. • There is no public market for our shares of common stock, and our charter does not require us to effect a liquidity event at any point in time in the future. • Our redemption plan provides stockholders with the opportunity to redeem their shares on a monthly basis, but redemptions will be subject to available liquidity and other potential restrictions. • During certain periods, we have paid, and may in the future pay, distributions and fund redemptions, in whole or in part, from sources other than cash flow from operations, including borrowings and proceeds from the sale of our securities in this offering or asset sales, and we have no limits on the amounts we may pay from such other sources. Table of Contents • The valuation methodologies used by our independent valuation expert in arriving at the estimates of value of each of our commercial real estate assets, related liabilities, and notes receivable secured by real estate (one of the components of our NAV) set forth in individual appraisal reports, each of which are prepared in accordance with valuation policies reviewed by the advisor and approved by our board of directors, involve subjective judgments and estimates. These estimated values are then reflected by our independent fund accountant in the calculation of our NAV. As a result, our NAV may not accurately reflect the actual prices at which our commercial real estate assets, related liabilities and notes receivable secured by real estate could be liquidated on any given day. • There are conflicts of interest between us and our advisor and its affiliates, including our payment of substantial fees to our advisor and its affiliates. • This is a “best efforts” offering. If we are not able to raise a substantial amount of capital in the near term, we may have difficulties acquiring properties and our ability to achieve our investment objectives could be adversely affected. • We may suffer from delays in identifying suitable assets, which may adversely impact our results of operations and the value of your investment. • Our continued compliance with debt covenants depends on many factors and could be impacted by current or future economic conditions associated with the novel strain of coronavirus (“COVID-19”). • If we do not remain qualified as a REIT, our NAV and cash available for distribution to our stockholders could materially decrease. Neither the Securities and Exchange Commission, any state securities commission, nor the Attorney General of the State of New York has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The use of forecasts in this offering is prohibited. Any representation to the contrary and any predictions, written or oral, as to the amount or certainty of any present or future cash benefit or tax consequence which may flow from an investment in this program is not permitted. Dealer Proceeds to us Price to the Upfront Selling Manager Before Public (1) Commissions (2) Fees (2) Expenses (3) Primary Offering(4) $ 3,500,000,000 $ 56,875,000 $ 4,375,000 $ 3,438,750,000 Class D Shares, per Share $ 16.97 $ — $ — $ 16.97 Class T Shares, per Share $ 17.14 $ 0.50 $ 0.08 $ 16.56 Class S Shares, per Share $ 17.12 $ 0.58 $ — $ 16.54 Class I Shares, per Share $ 17.23 $ — $ — $ 17.23 Distribution Reinvestment Plan(4) $ 500,000,000 $ — $ — $ 500,000,000 ____________________________________ (1) The offering price per share shown is based on our NAV per share for D Shares, T Shares, S Shares and I Shares on June 30, 2020, plus, for T Shares and S Shares sold in the primary offering only, applicable upfront selling commissions and dealer manager fees. The price per share in this offering will equal the monthly NAV per share for each class, plus, for T Shares and S Shares sold in the primary offering only, applicable upfront selling commissions and dealer manager fees. The NAV per share for each class may vary from month- to-month and we are offering volume discounts on certain purchases of $150,000 or more of T Shares or S Shares. (2) Table assumes that 1/4 of the primary offering gross proceeds come from D Shares, 1/4 of primary offering gross proceeds come from T Shares, 1/4 of the primary offering gross proceeds come from S Shares and 1/4 of primary offering gross proceeds come from sales of I Shares. For T Shares sold in the primary offering, we may charge upfront selling commissions of up to 3.00% of the transaction price, which is exclusive of any upfront selling commission and dealer manager fee (the “Offering Price”), and dealer manager fees of 0.50% of the Offering Price.
Load more

Recommended publications
  • Mitsui to Participate in CIM Group, LLC, a US Real Estate Asset Manager
    Mitsui to Participate in CIM Group, LLC, a US Real Estate Asset Manager February 20th, 2017 Mitsui & Co., Ltd. 2 Topics 1. Outline of Mitsui’s Investment 2. The Real Estate Asset Management (“AM”) Market 3. CIM Group, LLC (“CIM”) Overview 4. Strategic Rational and Mitsui’s Value-Add 5. History of Mitsui’s Asset Management Business 1. Outline of Mitsui’s Investment 3 Mitsui will acquire a minority interest in a US real estate asset manager CIM Group, LLC (“CIM”), and invest in CIM’s funds. Mitsui’s 20% (Investment in CIM) Ownership Investment Total investment of USD 450 - 550 million, Amount with adjustments based on terms of the agreement. Investment - Participation in CIM scheduled within FY ending March2017. Timing - Fund investments to follow for the next several years. Mitsui & Co., Ltd. Founders・Principals 100% 100% Sabre Investments, LLC Various CIM Entities (Newly established SPC for this transaction) 20% 80% CIM Group, LLC Fund Fee Advisory Service Commitments CIM Funds Investment Fund I Fund II Fund III Real estate Infrastructure Fund IV Fund V ・・・ 2. The Real Estate AM Market 4 In the AM market, any non-traditional assets are generally known as “alternative asset”, including real estate, infrastructure, private equity, hedge funds etc. Globally, investment in alternative assets is expected to grow at CAGR of over 8% through 2020. Real estate, especially US real estate, is one of the largest asset class in the alternative investment market. In Japan, the low interest rate environment has reduced investment return and Japanese investors’ capital is expected to flow increasingly into domestic and global real estate and infrastructure.
    [Show full text]
  • Retail Real Estate Rally in Cali?
    COVER STORY, SEPTEMBER 2010 RETAIL REAL ESTATE RALLY IN CALI? While the number of retail properties trading is low, what is trading is going for top dollar. Retailers, meanwhile, are infilling better locations in the Golden State. Randall Shearin While activity is down overall in California retail real estate, the climate itself is vibrant and poised for a comeback. Although the volume of leases getting done is less than it was 3 or 4 years ago, there are a number of large, healthy tenants who have realized now is the time to get into California’s wealthy infill markets that used to have big barriers to entry. “From a tenant perspective, some of the national corporate tenants, as well as the regional tenants are considering jumping back into certain markets,” says Robert Pinon, vice president of corporate retail solutions at Jones Lang LaSalle. “Los Angeles is one of the big ones. Tenants are trying to upgrade some of their real estate or penetrate those markets of L.A. that they weren’t able to get into before due to the real estate opportunities or expense.” While not every tenant is in the market for space, some are looking for deals where they can dictate good terms and good location. “Tenants are being a lot more methodical,” says Pinon. “It has to be the site for the number. Otherwise, tenants are walking.” For landlords, this means paying closer attention to properties, keeping their eyes on existing tenants and future possibilities. “The current climate almost requires the landlords to hyper-manage their own leasing efforts to make sure that attention is paid to the properties,” says Steve Jaffe, executive vice president of Los Angeles-based BH Properties.
    [Show full text]
  • Mixed-Use Development Site Santa Monica Blvd. at Federal
    PACIFIC OCEAN MALIBU VENICE SANTA MONICA Westgate Santa Monica Future Target with ±147 Multifamily Units Developer: CIM Group Anticipated Delivery Date: March 2019 OHIO AVE S BARRINGTON AVE Proposed Whole Foods with SANTA MONICA BLVD ±180 Multifamily Units Developer: United El Segundo Anticipated Start of Construction: Fall 2019 BARRY AVE WEST LOS ANGELES 11600 SANTA MONICA BLVD LOS ANGELES, CALIFORNIA FEDERAL AVE Mixed-Use Development Site Offers Due: Friday, February 8, 2019 Santa Monica Blvd. at Federal Ave. by 5:00 PM ±.65 Acres of Land West Los Angeles: www.11600SantaMonica.com ±96 Residential Units and ±7,150 SF of Retail Space WESTWOOD UCLA SITE FEDERAL AVE SANTA MONICA BLVD BARRY AVE Proposed Whole Foods with ±180 Multifamily Units Developer: United El Segundo Anticipated Start of Construction: Fall 2019 AREA LOCATION MAP Westwood Century City SITE PACIFIC OCEAN Los Angeles International Airport www.11600SantaMonica.com 3 LAURIE LUSTIG-BOWER Executive Vice President Table of Contents +1 310 550 2556 [email protected] Lic. 00979360 Executive Summary P. 5 KADIE PRESLEY WILSON Vice President Rent and Sales P. 8 +1 310 550 2575 [email protected] Comparables Lic. 01476551 Area Overview P. 16 www.11600SantaMonica.com EXECUTIVE SUMMARY THE OPPORTUNITY CBRE, Inc., as exclusive advisor, is pleased to present a mixed-use subject site, or an eight minute bicycle ride. To the northeast of the site development opportunity at the southwest corner of Santa Monica by approximately one mile, the terminus of the Purple Line at Wilshire/VA Boulevard and Federal Avenue in the eclectic neighborhood of West Los Hospital is expected to open by 2026.
    [Show full text]
  • ©2018 CIM Group CIM Commercial Trust Corporation
    www.cimgroup.com© 2018 CIM Group CIM Commercial Trust Corporation Investor Presentation Second Quarter 2018 Important Disclosures Free Writing Prospectus | CIM Commercial Trust Corporation Investor Presentation Q2 2018 Filed Pursuant to Rule 433 | Dated August 9, 2018 | Registration Statement Nos. 333-203639; 333-210880 CIM Commercial Trust Corporation (the “Company”) has filed registration statements (including prospectuses and prospectus supplements) with the Securities and Exchange Commission (the “SEC”) for the offerings to which this communication relates. Before you invest, you should read the prospectuses and the prospectus supplements in those registration statements and other documents the Company has filed with the SEC for more complete information about the Company and the offerings. You may get these documents for free by visiting the Company’s website at http://shareholders.cimcommercial.com/. Alternatively, you may request to receive a prospectus by calling toll-free at 1-866-341-2653. You may also access the applicable prospectus for free on the SEC website at www.sec.gov as follows: · Post Effective Amendment No. 3 to Form S-11 on Form S-3, dated January 9, 2018, relating to Registration Statement No. 333-203639 · Prospectus, dated April 13, 2018, relating to Registration Statement No. 333-210880 and Supplement No. 1 dated May 14, 2018 Forward-looking Statements The information set forth herein contains “forward-looking statements.” You can identify these statements by the fact that they do not relate strictly to historical or current facts or they discuss the business and affairs of CIM Commercial Trust Corporation (“CMCT”, “CIM Commercial”, the “Company”) on a prospective basis.
    [Show full text]
  • Item 8 Information
    Item 8 Information Quarterly Lobbying Summary Executive Summary: This item presents a summary of activities reported to the Ethics Commission by lobbying entities for the fourth quarter of 2019. Recommended Action: This item is for informational purposes only. Authors: Heather Holt, Executive Director Mark Low, Lobbying Program Manager Presenter: Tyler Joseph, Director of Policy Ethics Commission February 18, 2020 Lobbying Summary: 4th Quarter 2019 A. Introduction The Municipal Lobbying Ordinance (MLO) regulates persons who receive compensation to lobby City officials. Los Angeles Municipal Code (LAMC) §§ 48.01, et seq. In LAMC § 48.01(B), the MLO makes several findings regarding lobbying activity, including the following: 1. Citizens have a right to know the identities of those who attempt to influence City decisions; 2. Public disclosure by lobbyists and their clients regarding their lobbying activities is essential to citizen confidence in the integrity of local government; 3. It is in the public interest to ensure that lobbyists do not misrepresent facts or their positions; 4. It is in the public interest to ensure that lobbyists do not place City officials under personal obligation to themselves or their clients. To help ensure adequate and effective disclosure regarding efforts to lobby City government, lobbying entities are required to file quarterly disclosure reports. See LAMC §§ 48.01(B)(6), 48.08. This item summarizes information disclosed on the lobbying reports filed for the fourth quarter of 2019. B. Legal Background 1. Definitions The MLO defines lobbying activity generally as compensated conduct related to communications with City officials that are designed to influence municipal matters.
    [Show full text]
  • CIM Retail Portfolio Trust 2021-RETL
    Presale: CIM Retail Portfolio Trust 2021-RETL July 20, 2021 PRIMARY CREDIT ANALYST Preliminary Ratings Robertfritz Mcfaddeniii New York LTV ratio Market value decline Debt yield 212-438-0353 Class Preliminary rating(i) Preliminary amount ($) (%) (%)(ii) (%)(iii) robert.mcfadden A AAA (sf) 282,600,000 37.0 75.0 22.9 @spglobal.com A-1(iv) AAA (sf) 75,000,000 47.0 68.3 18.1 SECONDARY CONTACT X-CP BBB- (sf) 420,600,000(v) N/A N/A N/A Samson Joy New York X-EXT BBB- (sf) 560,800,000(v) N/A N/A N/A + 1 (212) 438 3107 B AA- (sf) 76,100,000 57.0 61.6 14.9 samson.joy @spglobal.com C A- (sf) 57,100,000 64.5 56.5 13.2 D BBB- (sf) 70,000,000 73.7 50.3 11.5 E NR (sf) 32,200,000 77.9 47.5 10.9 F NR (sf) 24,000,000 81.1 45.3 10.5 HRR(v) NR 33,000,000 85.4 42.4 9.9 Note: This presale report is based on information as of July 20, 2021. The ratings shown are preliminary. This report does not constitute a recommendation to buy, hold, or sell securities. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. (i)The issuer will issue the certificates to qualified institutional buyers in line with Rule 144A of the Securities Act of 1933. (ii)Reflects the approximate decline in the $1.129 billion appraised as-is value of the portfolio that would be necessary to experience a principal loss at the given rating level.
    [Show full text]
  • Magnum, CIM Take $390M for Verizon Building Condo Conversion
    The Insider’s Weekly Guide to the Commercial Mortgage Industry In This Issue 1 Magnum, CIM Take $390M for Verizon Building Condo Conversion 1 HFZ Scores $185M From Mexican Bank to Revamp South Beach Hotel 3 Steiner’s Brooklyn Residential Tower Gets $390M Construction Loan 4 Now Is Not Prime Time on the CMBS Channel 5 FHA and HUD to Undergo Further Revamp, Fannie Mae Unfazed 6 Chetrit Closes on $191.9M Purchase of Hotel Carter With $150M From Athene Annuity 7 Bancorp Provides 80 Percent LTC Acquisition Loan to Blue Rock And Partner “Though underwriting has clearly loosened up since the financial crisis, there is still a floor on how aggressive lenders will be” —Drew Anderman From Q&A on page 12 Magnum, CIM Take $390M HFZ Scores $185M for Verizon Building From Mexican Bank Condo Conversion to Revamp South Beach Hotel HFZ Capital refinanced The Shore Club, A partnership of Ben Shaoul and Los been rebranded as 100 Barclay Street. a luxury hotel in Miami’s South Beach neigh- Angeles-based CIM Group closed on a $390 The units will be built in the top 22 floors of borhood, Mortgage Observer Weekly has ex- million loan they will use to convert a Lower the 31-story building, which sits at the corner clusively learned. With the $185 Manhattan office building into of Vesey Street about a block from 1 World MOW million provided by Banco MOW fancy condominiums, Trade Center. EXCLUSIVE Inbursa, the Mexican bank run EXCLUSIVE Mortgage Observer The three-year loan is Libor-based, by Carlos Slim, the hotel will Weekly has learned.
    [Show full text]
  • Ground Floor Office Deck
    DUMBO’S RIVERFRONT ULTRA MODERN FULL FLOOR WORKSPACES Today DUMBO’s artistic and industrial energies have merged to create New York’s most forward-looking, electric place to live, work, and play. Sprawling riverfront parks and cultural centers like St. Ann’s Warehouse; state- of-the-art office spaces and light-filled family homes in former factory spaces; woodfired pizza and handcrafted ice cream on the picturesque blocks down below. And 10 Jay is at the center of it all. 2 BUILDING FACTS TYPE Mixed-Use Office Building LOCATION 10 Jay Street Brooklyn, NY 11201 NEIGHBORHOOD BUILDING SIZE 10 Stories 221,501 SF DEVELOPERS Glacier Global Partners Triangle Assets ARCHITECT ODA Architecture YEAR BUILT 1897 RENOVATED 2017 3 OFFICE TENANTS / CUSTOMERS COMPANY INDUSTRIES Technology, Advertising, Media, Information COMPANY EMPLOYEES Modern, creative, forward-thinking and technology-focused men and women CAPTIVE AUDIENCE for breakfast meetings, catered lunches, private parties, and happy hour drinks— on-site proximity equates to a significant competitive advantage Built-in crop of dining and drinking “regulars” 10 11 BROOKLYN TECH TRIANGLE 17, 30 0 innovation employees 45% growth from 2012 to 2015 1,350 innovation companies 22% growth from 2012 to 2015 “THE BROOKLYN TECH TRIANGLE, MADE OF Tax Incentives to further UP DOWNTOWN BROOKLYN, , AND THE attract relocating businesses BROOKLYN NAVY YARD, HAS BECOME A MAGNET FOR THE WORLD’S PIONEERING, ENERGETIC, AND CREATIVE ENTREPRENEURS AND HAS EMERGED AS NEW YORK CITY’S LARGEST CLUSTER OF TECH ACTIVITY
    [Show full text]
  • SHARED PROSPERITY and INCLUSION the Future of Economic Development Strategies in Silicon Valley
    SHARED PROSPERITY AND INCLUSION The Future of Economic Development Strategies in Silicon Valley written by Sarah Muller, Sarah Zimmerman, Bob Brownstein, Amy B. Dean and Phaedra Ellis-Lamkins ������� ������������ ��� SHARED PROSPERITY AND INCLUSION The Future of Economic Development Strategies in Silicon Valley written by Sarah Muller, Sarah Zimmerman, Bob Brownstein, Amy B. Dean and Phaedra Ellis-Lamkins SHARED PROSPERITY AND INCLUSION The Future of Economic Development Strategies in Silicon Valley written by Sarah Muller, Sarah Zimmerman, Bob Brownstein, Amy B. Dean and Phaedra Ellis-Lamkins ������� ������������ ��� AUGUST 2003 iii TABLE OF CONTENTS FORWARD v LETTER FROM THE FAITH COMMUNITY ix LETTER FROM MEMBER OF CONGRESS xi SHARED PROSPERITY AND INCLUSION THE FUTURE OF ECONOMIC DEVELOPMENT STRATEGIES IN SILICON VALLEY EXECUTIVE SUMMARY 1 INTRODUCTION 9 THE PROBLEM 13 THE CHALLENGE 19 THE RECORD OF PUBLIC SUBSIDIES IN SAN JOSE: 23 THE SAN JOSE REDEVELOPMENT AGENCY: A SUMMARY THE SOLUTION 29 CONCLUSION 41 APPENDIX A: THE RECORD OF PUBLIC SUBSIDIES IN SAN JOSE: 45 THE SAN JOSE REDEVELOPMENT AGENCY CASE STUDIES 79 APPENDIX B: COMMUNITY IMPACT REPORT 105 NOTES 123 ACKNOWLEDGEMENTS 133 AUGUST 2003 iii AUGUST 2003 v FORWARD Shared Prosperity and Inclusion is part of Working Partnerships USA’s eight-year effort to reform and improve government economic development policies. Our main goals are to broaden public participation and to assure that economic development programs create real, measurable community benefits. is innovative campaign has encompassed a series of policy initiatives, each breaking new ground on the path towards accountable and effective economic development. In 1995, Working Partnerships successfully pushed for the inclusion of worker-oriented criteria in a Santa Clara County program that offered property tax rebates to manufacturers.
    [Show full text]
  • Creating Hollywood Freeway Central Park Compass Blueprint Demonstration Project Summary Report
    Creating HOLLYWOOD FREEWAY CENTRAL PARK COMPASS BLUEPRINT DEMONSTRATION PROJECT SUMMARY REPORT NOVEMBER 2008 This is a project of the Hollywood Chamber of Commerce, the Hollywood Freeway Central Park Coalition and the Community Redevelopment Agency of Los Angeles (CRA/LA) with funding provided by the Southern California Association of Governments’ (SCAG) Compass Blueprint Demonstration Project Program. Compass Blueprint assists Southern California cities and other organizations in evaluating planning options and stimulating development consistent with the region’s goals. Compass Blueprint tools support visioning efforts, infill analyses, economic and policy analyses, and marketing and communication programs. The preparation of this report was funded in part through grants from the United States Department of Transportation—Federal Highway Administration and the Federal Transit Administration—under provisions of the Transportation Equity Act for the 21st Century (TEA-21). Additional assistance was provided by the State of California State Business, Transportation and Housing Agency through the California Regional Blueprint Planning Grant. The contents of this report reflect the views of the author who is responsible for the facts and accuracy of the data presented herein. The contents do not necessarily reflect the official views or policies of SCAG or DOT. This report does not constitute a standard, specification or regulation. building partnerships. serving communities. CONTENTS PART I: WHY CAP THE FREEWAY TO MAKE A PARK? 2 PART 2: HOLLYWOOD FREEWAY CENTRAL PARK PROPOSAL 5 PART 3: RECOMMENDED PLANNING POLICIES 23 PART 4: REPORT APPENDIX 33 PART 1 WHY CAP THE FREEWAY TO MAKE A PARK? The Hollywood Freeway Central Park is a proposal to build a neighborhood park of up to 44 acres over the US-101 freeway in Hollywood.
    [Show full text]
  • Development News Highlights MANHATTAN - MID-4TH QUARTER 2019 PLUS an OUTER BOROUGH SNAPSHOT Looking Ahead
    Development News Highlights MANHATTAN - MID-4TH QUARTER 2019 PLUS AN OUTER BOROUGH SNAPSHOT Looking Ahead NYC Sets Sight on Governors Island for Climate Change Lab Serving as the “latest example of local governments taking the lead on climate policy following President Trump’s decision in June 2017 to withdraw from the Paris Climate Accord, New York City has reportedly released a request for proposals (RFP) to contractors in consideration of what has been described as the creation of a “living laboratory” for coping with the effects of climate change on Governors Island. Although the idea is in very early stages, the proposal would transform a portion of the southern half of the 172-acre island, and serve as the “anchor” for the island’s development according to reported details within the RFP. New York City is currently facing the dilemma of rising demand for building along the water despite rising sea levels due to global warming. Governors Island offers an ideal location in New York Harbor off the tip of Lower Manhattan since it is particularly exposed to fl ooding and storm surge, thereby serving as a “visible representation” of what issues the New York, as a waterfront city, will be confronting by offering a “living laboratory” for climate adaption and education intended to provide New York City with the needed insight to deal with these issues in an urban context. The city has reportedly reached out to consultants to assist in creating a “pitch deck” selling the idea for distribution to foundations, universities or other possible partners, with the next step of soliciting bids from developers tentatively expected to begin by the end of next year.
    [Show full text]
  • INAV POS AM No.16 April 2020
    Table of Contents As filed with the Securities and Exchange Commission on April 28, 2020 Registration No. 333-213271 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ Post-Effective Amendment No. 16 To Form S-11 FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933 OF SECURITIES OF CERTAIN REAL ESTATE COMPANIES __________________________________________________________ CIM Income NAV, Inc. (Exact Name of Registrant as Specified in its Governing Instruments) __________________________________________________________ 2398 East Camelback Road, 4th Floor Phoenix, AZ 85016 (602) 778-8700 (Address, Including Zip Code, and Telephone Number, including Area Code, of Registrant’s Principal Executive Offices) __________________________________________________________ Nathan D. DeBacker CIM Income NAV, Inc. Chief Financial Officer and Treasurer 2398 East Camelback Road, 4th Floor Phoenix, AZ 85016 (602) 778-8700 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service) __________________________________________________________ Copies to: Lauren Burnham Prevost, Esq. Seth K. Weiner, Esq. Morris, Manning & Martin LLP 1600 Atlanta Financial Center 3343 Peachtree Road, N.E. Atlanta, Georgia 30326-1044 (404) 233-7000 __________________________________________________________ Approximate date of commencement of proposed sale to the public: As soon as practicable following effectiveness of this Registration Statement. If any of the securities registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box: If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.
    [Show full text]