On February10, 2017, CIM Urban REIT 211 Main St. (SF), LP (the Seller), an indirect, wholly-owned subsidiary of CIM Commercial Trust Corporation (the Company), and BPP 211 Main Owner LLC (the Buyer), a Delaware limited liability company, entered into a Purchase and Sale Agreement (the Agreement) pursuant to which the Buyer agreed to purchase from the Seller an office building located at 211 Main Street in San Francisco, California.

The contract sales price is approximately $293 million, subject to adjustment in accordance with the terms of the Agreement. On February15, pursuant to the terms of the Agreement, the Buyer deposited $15 million into an escrow account, which deposit is non-refundable except in certain circumstances as specified in the Agreement.

The sale is subject to customary closing conditions. The Company expects the closing of this sale to occur within the first quarter of 2017.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:

February16, 2017

CIM COMMERCIAL TRUST CORPORATION

By:

/s/ David Thompson

David Thompson, Chief Financial Officer

3

makes a similar move, sign up!

Other recent filings from the company include the following:

Material Modification to Rights of Security - Nov. 21, 2017
PMC Commercial Trust just filed a prospectus, suggesting it plans to soon issue some securities - Nov. 21, 2017
Filing under Securities Act Rules 163/433 of free writing prospectuses - Nov. 17, 2017
PMC Commercial Trust just filed a paper-based report - Nov. 16, 2017
PMC Commercial Trust Just Received a Notice of Effectiveness - Nov. 16, 2017

Auto Refresh

Feedback