Latest news with #CIMGroup
Globe and Mail
5 hours ago
- Business
- Globe and Mail
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Aligns Strategy as North American Energy Policy Shifts
Disseminated on behalf of SolarBank Corporation U.S. clean energy tax credits under the new Big Beautiful Bill require projects to commence construction by July 4, 2026, and complete within four years. SolarBank has enough advanced-stage U.S. projects to meet this timeline, backed by a $100 million financing deal with CIM Group. The company is prioritizing construction on a 97 MW portfolio in key states with interconnection and permitting progress. In Canada, SolarBank is deploying battery systems in Ontario under decade-long IESO contracts and expanding in Nova Scotia's Community Solar program. Canada's 'Build, baby, build' policy push under Prime Minister Mark Carney favors developers with shovel-ready assets. SolarBank is actively adjusting development and financing schedules to align with evolving incentives while managing cross-border policy risk. SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is positioning itself to navigate and benefit from rapidly evolving policy developments in both the United States and Canada. As lawmakers on both sides of the border adjust clean energy timelines, incentives, and infrastructure priorities, the solar and battery storage developer is adapting its strategy to maintain momentum and secure investor value ( In the U.S., the newly enacted Big Beautiful Bill ('BBB') sets a clear policy horizon for renewable energy developers. The legislation allows solar and battery energy storage projects to qualify for full investment tax credits ('ITCs') if construction begins by July 4, 2026, and the projects reach commercial operation… Read More>> For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Bloomberg
07-07-2025
- Business
- Bloomberg
Cain International Nears Deal for Former Trump SoHo Hotel
Cain International is nearing a deal to acquire the Manhattan hotel once known as the Trump SoHo as part of the firm's push into luxury real estate. Cain is expected to pay seller CIM Group more than $175 million, according to people familiar with the negotiations. Cain plans to reposition the property, which is currently known as the Dominick Hotel, said one of the people, who asked not to be named discussing a private matter.
Associated Press
04-06-2025
- Business
- Associated Press
IBN Coverage: SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Adopts Bitcoin Treasury Strategy
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - June 3, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced the launch of a Bitcoin treasury strategy inspired by MicroStrategy and SharpLink Gaming, marking a first among North American clean energy developers. The company has applied to open a Coinbase Prime account for secure custody, USDC services, and self-custody of Bitcoin holdings. By integrating Bitcoin into its treasury, SolarBank aims to hedge against inflation, attract digitally savvy investors, and position itself as a pioneer at the intersection of renewable energy and decentralized finance. The strategy complements SolarBank's core focus on solar and battery energy storage systems, backed by recent deals including a $100 million U.S. financing with CIM Group, $49.5 million with Qcells, a $41 million landfill-to-solar initiative with Honeywell, and a $25 million credit facility from RBC. Management noted that Bitcoin purchases have not yet begun and will be based on market conditions and liquidity needs. To view the full press release, visit About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected] View the original release on
Globe and Mail
03-06-2025
- Business
- Globe and Mail
SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Adopts Bitcoin Treasury Strategy
Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced the launch of a Bitcoin treasury strategy inspired by MicroStrategy and SharpLink Gaming, marking a first among North American clean energy developers. The company has applied to open a Coinbase Prime account for secure custody, USDC services, and self-custody of Bitcoin holdings. By integrating Bitcoin into its treasury, SolarBank aims to hedge against inflation, attract digitally savvy investors, and position itself as a pioneer at the intersection of renewable energy and decentralized finance. The strategy complements SolarBank's core focus on solar and battery energy storage systems, backed by recent deals including a $100 million U.S. financing with CIM Group, $49.5 million with Qcells, a $41 million landfill-to-solar initiative with Honeywell, and a $25 million credit facility from RBC. Management noted that Bitcoin purchases have not yet begun and will be based on market conditions and liquidity needs. To view the full press release, visit About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Los Angeles Times
21-05-2025
- Business
- Los Angeles Times
Matthew Borstein Named Managing Director and Co-Head of Credit for CIM Group
CIM to Expand Credit Team and Platform Los Angeles-based CIM Group has announced that Matthew Borstein, an experienced leader in the real estate credit industry, has joined the company as managing director, co-head of credit in a continued expansion of the firm's credit team and platform. Borstein has more than 25 years of experience across real estate investments, loans, securities and hard assets with expertise in building and leading global credit platforms. 'I am thrilled to join CIM Group at this pivotal moment in the real estate credit space,' said Borstein. 'What sets CIM apart is its vertically integrated platform, its distinctive vantage point and the world-class caliber of its team with a strong commitment to growth. Together, I look forward to expanding our client relationships and helping scale the business to meet the needs of our partners.' At CIM Group, Borstein will play an integral role in the firm's growing credit platform. He will work alongside Daniel Ottensoser, managing director and co-head of credit, to lead capital deployment strategies across CIM's funds and accounts, ensuring alignment with market conditions and the firm's broader vision, in addition to advising on key asset management decisions and team development. 'Matt is an outstanding addition to our team, and I'm excited to partner with him as co-head of credit. He is a highly respected leader, and I welcome this opportunity to work with him to continue strengthening our platform,' said Ottensoser. Before joining CIM Group, Borstein served as partner and portfolio manager at Oak Hill Advisors, where he started and led its dedicated commercial real estate business. Borstein previously served as the global head of commercial real estate at Deutsche Bank, where he successfully built and led a global platform overseeing Deutsche Bank's commercial real estate debt origination, the expansion of its balance sheet lending portfolio, its top-tier CMBS business, the Special Situations Group, and commercial real estate repurchase and warehouse facilities. Earlier in his career, Borstein held positions at Wachovia, Nomura, and Credit Suisse First Boston. 'Alongside our real estate and infrastructure platforms, CIM's credit platform has been an integral area of growth. We have profound respect for Matt. He has exceptional expertise, longstanding relationships and strategic vision, and we are proud to welcome him to CIM Group,' said Avi Shemesh, co-founder and principal, CIM Group. Information was sourced from Businesswire. To learn more, contact bill@
