The reactions of M(ClO4)2·xH2O (M = Ni(II) or Cd(II)) and m-bis[bis(1-pyrazolyl)methyl]benzene (Lm) in the presence of triethylamine lead to the formation of hydroxide-bridged cubane compounds of the formula [M4(μ3-OH)4(μ-Lm)2(solvent)4](ClO4)4, where solvent = dimethylformamide, water, acetone. In the solid state the metal centers are in an octahedral coordination environment, two sites are occupied by pyrazolyl nitrogens from Lm, three sites are occupied by bridging hydroxides, and one site contains a weakly coordinated solvent molecule. A series of multinuclear, two-dimensional and variable-temperature NMR experiments showed that the cadmium(II) compound in acetonitrile-d3 has C2 symmetry and undergoes an unusual dynamic process at higher temperatures (ΔGLm‡ = 15.8 ± 0.8 kcal/mol at 25 °C) that equilibrates the pyrazolyl rings, the hydroxide hydrogens, and cadmium(II) centers. The proposed mechanism for this process combines two motions in the semirigid Lm ligand termed the “Columbia Twist and Flip:” twisting of the pyrazolyl rings along the Cpz–Cmethine bond and 180° ring flip of the phenylene spacer along the CPh–Cmethine bond. This dynamic process was also followed using the spin saturation method, as was the exchange of the hydroxide hydrogens with the trace water present in acetonitrile-d3. The nickel(II) analogue, as shown by magnetic susceptibility and electron paramagnetic resonance measurements, has an S = 4 ground state, and the nickel(II) centers are ferromagnetically coupled with strongly nonaxial zero-field splitting parameters. Depending on the Ni–O–Ni angles two types of interactions are observed: J1 = 9.1 cm(–1) (97.9 to 99.5°) and J2 = 2.1 cm(–1) (from 100.3 to 101.5°). “Broken symmetry” density functional theory calculations performed on a model of the nickel(II) compound support these observations.