Über wealthy clients of Citigroup are financing construction on a long-delayed 4.5-acre project set on West Hollywood's Sunset Strip.

Citi's private bank clients are helping fund developer CIM Group's high-profile $300 million-plus Sunset La Cienega project, which includes a hotel tower and a multifamily condo, according to Dan O'Donnell, the global head of private equity and real estate for Citi's private bank.

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