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CIM Group

540 Madison Avenue, 8th Floor
New York, NY
(646) 783-4600
Website
CIMInvestorRelations@cimgroup.com
CIM Group
CIM Group
CIM Group is a Los Angeles-based real estate investment group and private equity firm that specializes in taking over distressed assets and trying to redevelop or reposition them. The firm made its biggest New York City splash in 2011, when it bought the distressed Drake Hotel site, now known at 432 Park Avenue, from developer Harry Macklowe's lenders for $305 million. CIM Group has also wrested control of other prominent troubled New York developments, including the William Beaver House condo, a stake in 11 Madison Avenue, and the Trump Soho. It is also partnering with Macklowe on the development of 432 Park Avenue, set to be the Western Hemispheres tallest residential tower. CIM Group launched in 1994 and took more than a decade to move into the New York City market. The firm was started by Shaul Kuba, who remains a principal.
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feature
07/19/16
...Shaun Hergatt and 432 Park Avenue Residents at Macklowe Properties' and CIM Group...

Untitled-1
07/11/16
UPDATED: July 11, 11:47 a.m.: Manhattan luxury buyers eked out 18 contracts on properties $4 million and up last week amid their July 4 celebrations...

2016-07-08 (2)
07/08/16
When 15 Central Park West was set to kick off construction in 2005, the building’s co-developer William Zeckendorf made what would turn out to be...

Untitled-2
06/30/16
...according to property records filed with the city. Fund manager CIM Group, which is developing the 1,396-foot condo tower in partnership with...

Untitled-2
06/16/16
It’s officially splitsville for developer Harry Macklowe and his wife of 57 years, Linda. Tags: 432 park avenue, Guggenheim, Harry Macklowe ...

LuxeMarketReboundFbox
06/09/16
After getting pummeled in the first quarter, Manhattan’s luxury condominium market looks to be getting off the mat. Brokers say they have seen a rise...

432fbox
06/07/16
...From left: Howard Lorber, rendering of 432 Park (Credit: DBOX for CIM Group/Macklowe Properties), Fawaz Al Hokair and Nassi Abdulaziz Al-Nasser A...

Harry Macklowe
06/01/16
Real estate developer Harry Macklowe is leaving his wife Linda for a new girlfriend, according to a report. Tags: Harry Macklowe ...

olshanreportfeature
05/16/16
Manhattans’ high-end residential market saw another strong week, with a total of 29 contracts at $4 million and above signed last week, including the most...

432 Park Avenue penthouse thumb
05/11/16
...Park Avenue (Renderings: DBOX for CIM Group/Macklowe Properties) A penthouse at 432 Park Avenue that was asking...

432Parkfeature
05/06/16
...density? That may seem like a trivial question, given that CIM Group and Macklowe Properties' condominium project is a 1,396-foot-tall tower built...

160 Leroy Ian Schrager thumb
05/04/16
Call it the (overpriced) penthouse effect. After shooting for the stars with an $80 million penthouse at 160 Leroy Street, Ian Schrager is the latest...

432 park small
05/03/16
UPDATED: May 3, 12:35 p.m.: Thirteen years ago, Harry Macklowe had the idea to erect a glass cube in front of the GM Building. It...

Howard-Lorber-feature
04/29/16
Despite increasing chatter that the residential market has lost steam in 2016, Douglas Elliman parent company Vector Group reported largely improved year-on-year financial results for...

Lorber
04/20/16
...Group director Bennett LeBow closing on his $44.8 million pad at CIM Group and Macklowe Properties' tower, LeBow's longtime business partner, Douglas Elliman...

281-Fifth-renderingfbox
04/20/16
In a slight change of plans, Victor Group and Lendlease’s condominium tower at 281 Fifth Avenue will have more stories but fewer apartments. ...

Olshan-April11-17fbox
04/18/16
The luxury residential market in Manhattan tied for its best week of the year thus far with 28 contracts inked at $4 million or more, but...

432 Park
04/14/16
Bennett LeBow, chairman of Douglas Elliman’s parent company Vector Group, paid $44.8 million for a new pad in 432 Park Avenue. Tags: 432 park avenue, Douglas...

PHfbox
04/06/16
So this is what a “penthouse correction” looks like? Of the 261 penthouse units for sale in Manhattan as of April 1, more than 35...

Olshan-March_Aprilfbox
04/04/16
UPDATED: April 4 12:26 p.m.: The first quarter of the year is over, but the Manhattan residential luxury market has yet to have a week in...

sales pause 57th street fb
03/31/16
The slick sales office for 111 West 57th Street could be lying idle for quite a while. JDS Development Group and Property Markets Group will...

Chick Fil A One Madison thumb
03/29/16
Rich people like breaded chicken sandwiches too, or so the Rockfeld Group is betting. Tags: chick-fil-a, One Madison ...

benanti-renderingfbox
03/14/16
Fortune favors the bold — that’s what Joseph Beninati of Bauhouse Group was hoping with his plan to turn a trio of six-story building lots into...

#_new_residential_-_39_units_Average_of_average_prices_per_unit_chartbuilder thumb
03/14/16
It’s easy to underestimate just how luxury-focused the New York City real estate cycle has been since the sunset of the financial crisis. Average per-unit...

432 Park CityRealty ft
03/10/16
...credit: CityRealty) Now that the first apartment sales at CIM Group and Macklowe Properties’ 432 Park Avenue have closed –- 13 units have...
To see all, go to Advanced Search
CIM Group, Co-founder
540 Madison Avenue, 8th Floor, New York, NY, 646-783-4600
Co-founder is a title often associated with Richard Ressler. He co-founded real estate...
CIM Group, Co-founder
4700 Wilshire Boulevard, Los Angeles, CA, 323-860-4900
Avi Shemesh, one of the co-founders of real estate investment firm CIM Group,...
CIM Group, Co-founder
4700 Wilshire Boulevard, Los Angeles, CA, 323-860-4900
Shaul Kuba, co-founder of CIM Group, is known among his peers at being...
CIM Group, Vice President
540 Madison Avenue, 8th Floor, New York, NY, 646-783-4600
Charlie Leonard is vice president at real estate investment company CIM Group, where...
  • Event Office Leasing
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 33,000
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 Sapir Organization, CIM Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Howard Fiddle, Zakery Snider, Brad Gerla
  • Party 2 William Morris Endeavor
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker Brian Goldman, Newmark Grubb Knight, John Mambrino
notes
The talent agency signed a 33,000-square foot expansion lease, bringing its space in the building to 99,000 square feet.
  • Event Office Leasing
  • Address 5 Hanover Square
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 14,126
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 CIM Group
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Todd Stracci, Hal Stein, Travis Wilson, Daniel Appel
  • Party 2 Nonprofit Finance Fund
  • Party 2 Brokerage DTZ
  • Party 2 Broker David Lebenstein, Janet Woods, Nicholas Woodhull
notes
The national not-for-profit organization signed a 15-year lease to relocate from 70 West 36th Street, where it had been for almost 20 years.
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 6A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,164
  • Price $ 9,391,263
  • Price per foot $ 2,968.16
notes
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 7A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,255
  • Price $ 7,157,694
  • Price per foot $ 3,174.14
notes
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit PH
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 6,003
  • Price $ 32,658,763
  • Price per foot $ 5,440.41
notes
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 14A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,374
  • Price $ 7,413,532
  • Price per foot $ 3,122.80
  • Publication Date 05/12/2015
  • Event Date 04/16/2015
  • Party 1 Macklowe Properties, CIM Group
  • Party 2 GARY L. GROSS CO-TRUSTEE, HARLEY I. GROSS CO-TRUSTEE, GARY L. GROSS TRUST U/A DATED NOVEMBER 7,1986
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 11E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,719
  • Price $ 12,918,590
  • Price per foot $ 2,737.57
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 3E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,132
  • Price $ 8,655,125
  • Price per foot $ 2,763.45
notes
[EMPTY]
  • Event Financing
  • Address 140 West Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Publication Date 03/01/2015
  • Event Date 01/20/2015
  • Party 1 Magnum Real Estate and CIM Group / n/a
  • Party 1 Brokerage iStar Financial
notes
A $390 million loan was arranged to convert the upper 22 floors of the office building into residential. 32-story
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 8C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 10,177,409
  • Price per foot $ 3,491.39
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 4A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,156
  • Price $ 5,091,250
  • Price per foot $ 1,613.20
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 6C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,449
  • Price $ 14,510,063
  • Price per foot $ 3,261.42
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 4C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 8,693,835
  • Price per foot $ 2,982.45
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 8A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,164
  • Price $ 9,766,304
  • Price per foot $ 3,086.70
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 9C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 10,386,150
  • Price per foot $ 3,563.00
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 15E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,382
  • Price $ 13,695,463
  • Price per foot $ 3,125.39
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 10F
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,669
  • Price $ 5,214,800
  • Price per foot $ 3,124.51
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 5E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,149
  • Price $ 9,201,427
  • Price per foot $ 2,922.02
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 2E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,330
  • Price $ 3,530,624
  • Price per foot $ 2,654.60
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 12E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,719
  • Price $ 12,791,310
  • Price per foot $ 2,710.60
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 17C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 11,494,022
  • Price per foot $ 3,943.06
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 5A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,164
  • Price $ 9,206,267
  • Price per foot $ 2,909.69
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 6F
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,627
  • Price $ 3,839,870
  • Price per foot $ 2,360.09
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 3C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 8,146,000
  • Price per foot $ 2,794.51
notes
[EMPTY]
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 18B
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,084
  • Price $ 3,814,772
  • Price per foot $ 1,236.96
notes
[EMPTY]
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