CIM Group | The Real Deal New York

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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 Hemisphere’s 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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01/27/16
Two of the largest foreign investors in New York City real estate are at odds over the value of EB-5 investment, a funding vehicle popular...
John Banks
12/31/15
The Real Estate Board of New York is having none of the backlash toward Midtown’s new generation of supertall skyscrapers. From CIM Group’s 432 Park...
one57 fb
12/30/15
Gary Barnett’s Extell Development is finally seeking help from outside brokerage firms to unload some of the remaining condominium units at One57. Tags: extell development,...
Top-Investment-Sales-feature
12/29/15
UPDATED, Dec. 29, 10:25 a.m.: What do the 10 biggest New York City investment sales of 2015 have in common? All the deals, whether they...
ranking small
12/22/15
UPDATED, 2:12 p.m., Dec. 23: New York’s investment sales market continued to soar in 2015, bolstered by an enthusiastic lending environment. While many of the...
fee95aa2-6b0d-42cc-8263-f6c659000ea1 thumb
12/22/15
A rendering showing the city's crop of rising supertall buildingsThe current building boom is set to produce as many record-tall residential towers as were...
fengfbox
12/09/15
UPDATED: Dec. 10, 12:56 p.m.: A Flushing lawyer pocketed more than $1.2 million — and is set to receive $3.1 million more — in commission after illegally...
(credit: OpenSecrets.org)
12/02/15
If a program gave a developer $600 million in cheap financing, how much would the developer spend fighting for its right to exist? In 2015,...
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11/30/15
New York’s most expensive new condominium buildings get plenty of attention, but it’s nonetheless easy to forget just how expensive they, as a group, are...
Richard Ressler Martha Washington Hotel thumb
11/24/15
CIM Group’s purchase of the Martha Washington Hotel in NoMad hit public records, revealing that the company paid $158 million for the property, plus another...
Richard Ressler 47 East 34th Street thumb
11/17/15
Updated: 12:42 p.m., Nov. 18: CIM Group is suing temporary housing provider BridgeStreet for $5 million, seemingly attempting to pass on the cost of fines...
model unit fi
11/13/15
The time has finally come for the billionaire buyers of 432 Park Avenue to move into their new homes. The CIM Group and Macklowe Properties,...
Scheetz_Martha Washington ft
11/13/15
CIM Group recently bought the Martha Washington Hotel in NoMad with plans of transforming the property and rebranding it as the Redbury Hotel New York....
330 West 44th 2
11/11/15
A new Midtown East tower will look like it’s being pulled apart: The floors will be vertically separated and supported by smooth, white beams, like...
Harry Macklowe 432 Park Avenue thumb
11/10/15
There may be fewer buyers of full-floor, $50-million-plus units at CIM Group and Macklowe Properties’s 432 Park Avenue than the developers anticipated. In the face of...
Bronx
11/03/15
From the November issue: The sun was shining and the air was crisp when 30 real estate pros from CIM Group, Kushner Real Estate Group, Criterion...
Hamza Al Kholi
09/30/15
A Saudi investor is suing Harry Macklowe’s Macklowe Properties, claiming he was cut out of a joint venture agreement to acquire the retail portion of...
Jon Gray Kathleen McCarthy
09/25/15
With 6 million square feet of office space in the works at Hudson Yards alone, more and more investors are ringing the alarm bells over...
SL Green Realty
08/20/15
Fresh off a bearish outlook delivered by Goldman Sachs last month, SL Green Realty received another downgrade from a financial services firm this week —...
11-Madison
08/18/15
SL Green Realty just closed on its $2.6 billion purchase of 11 Madison Avenue from the Sapir Organization and minority partner CIM Group. The deal,...
Trump Soho
08/07/15
UPDATED, 3:23 p.m., August 7: The tax-assessed value of the 263 residential condominium units owned by CIM Group at the Trump Soho is $102.3 million, according...
From left: Soho Trump Hotel and Donald Trump
07/27/15
Donald Trump may have been more involved in the 2008 death of a construction worker at the Sapir Organization’s Trump Soho hotel than he originally...
Core
07/24/15
Leslie Wilson, a former senior vice president at the Related Cos., will now oversee new development marketing efforts at Douglas Elliman, The Real Deal has learned....
Marc Holliday and 11 Madison Avenue in the Flatiron District
07/23/15
SL Green Realty’s $2.6 billion purchase of 11 Madison Avenue dominated the real estate investment trust’s second quarter earnings call Thursday, with CEO Marc Holliday describing...
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07/23/15
There’s no such thing as a free lunch. But is there such a thing as a free $6 million apartment in Manhattan? Apparently there is,...
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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 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 6G
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,828
  • Price $ 3,842,712
  • Price per foot $ 2,102.14
notes
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 7B
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,762
  • Price $ 12,778,082
  • Price per foot $ 3,396.62
notes
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 7E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,552
  • Price $ 4,704,560
  • Price per foot $ 3,031.29
notes
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  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 4G
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,828
  • Price $ 3,588,150
  • Price per foot $ 1,962.88
notes
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To see all, go to Advanced Search
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