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 also partnered with Macklowe on the development of 432 Park Avenue, which upon its completion became 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.


Jonathan-Gray-Donald-Trump-FB
11/21/16
Blackstone Group head of global real estate Jonathan Gray is in talks with Donald Trump about joining his administration as Treasury secretary. Tags: blackstone group,...

432_bathroom thumb
11/16/16
Move over, vitamin C infused showers and indoor swimming pools. The thing every high-end buyer apparently now wants is a toilet with a scenic view....

solow-mta-feature
11/11/16
We’re really starting to see where the estimated $20 billion price tag for Hudson Yards comes from. The largest real estate loans that closed in...

69adamsstfeature
11/03/16
The Jehovah’s Witnesses have sold another development site in Dumbo, but are keeping mum on the selling price and the buyer. The organization sold 69...

432Parkfeature
10/27/16
...Park Avenue (Photo: DBOX for CIM Group/Macklowe Properties) The sales keep coming at 432 Park Avenue. Just...

CushEast copy
10/18/16
UPDATED, 10:43 a.m., Oct. 19: Doug Harmon and Adam Spies had a good thing going at Eastdil Secured. The duo brokered some of the city’s...

Screen Shot 2016-10-17 at 4.53.30 PM
10/17/16
The luxury residential market may be softening, but the developers of 212 Fifth Avenue are still betting there is at least one buyer out there...

ft432pa_se-view-from-central-park_copyright-dbox-for-cim-group-&-macklowe-properties-1
10/14/16
A top executive at the world’s largest hedge fund is among the latest buyers revealed at 432 Park Avenue. Tags: 432 park avenue ...

Illustration by Lexi Pilgrim for The Real Deal
10/05/16
...from a non-traditional provider.” Developers such as Macklowe Properties and CIM Group have turned to alternative lenders such as hedge funds to...

augisalesfeature
09/28/16
Last month’s 10 most expensive investment sales in New York City included two big moves for Chinese investors and four major outer-borough deals. Nothing, however,...

Watchtower Steven Roth Larry Silverstein thumb 2
09/22/16
The Jehovah’s Witnesses are packing their bibles and are in the process of leaving Brooklyn for upstate New York. The religious group been criticized for not...

featured-the-bronx-feature-300x248
09/22/16
...and the air was crisp when 30 real estate pros from CIM Group, Kushner Real Estate Group, Criterion Group and Mitsui Fudosan boarded...

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09/20/16
Two more condominium unit sales have closed at 432 Park Avenue for a total of $62 million. Tags: 432 Park, cim group ...

FawazAlHokair432 copy
09/15/16
...Al Hokair and the view from 432 Park (Credit: DBOX for CIM Group/Macklowe Properties) The buyer of 432 Park Avenue's highest and priciest...

1661A83785
09/13/16
Its aging office buildings are struggling with rising vacancies and competition from new developments at Hudson Yards. And even the seemingly invincible luxury market is having...

432parkthumb
09/12/16
A member of the Mikati family is the latest official buyer at 432 Park Avenue with the purchase of a three-bedroom condo for $28 million....

tribune-tower-fb
08/31/16
...Chicago's Tribune Tower From the Los Angeles website: Los Angeles-based CIM Group has agreed to buy Chicago's iconic Tribune Tower for close...

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08/22/16
Robert Weisz’s RPW Group locked in a $240 million loan from Blackstone Group and SL Green Realty to purchase the 44-story office tower at 275...

Two-Bridges-skyline feature
08/15/16
Three projects planned for Two Bridges have narrowly dodged a lengthy land use procedure. Tags: 247 Cherry Street, city planning commission, One Manhattan Square ...

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08/15/16
(Paydirt is a new weekly column that riffs on the biggest NYC real estate news of the moment, providing analysis and historical context on the...

23dca4f
08/12/16
Kevin Hoo’s Cove Property Group and hedge fund the Baupost Group are in contract to buy the office building at 441 Ninth Avenue on Manhattan’s...

Jared-Kushner-Watchtower
08/11/16
Jared Kushner’s massive bet on Dumbo’s Watchtower building is being backed by the Blackstone Group and SL Green Realty. Affiliates of the two investment giants plowed...

yelpfinal copy
08/11/16
...it bought the tower from the Sapir Organization and the CIM Group last August.  In a statement SL Green said it would...

JK
08/04/16
...Abehsera and Jared Kushner) A partnership led by Kushner Companies, CIM Group and LIVWRK has finalized a deal for the famed Jehovah's...

Untitled-1
08/04/16
...Reba Miller, Steve Cohen, Carlton House and sponsor unit When CIM Group and Macklowe Properties wanted to add muscle to the sales...
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 Financing
  • Address 25 Columbia Heights
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 739,000
  • Price $ 376,000,000
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Kushner Companies, CIM Group, LIVWRK
  • Party 2 Blackstone Group, SL Green Realty
notes
The partnership secured $376 million in acquisition, building and project loans.
  • Event Sales
  • Address 432 Park Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 74,816
  • Price $ 411,100,000
  • Price per foot $ 5,494.00
notes
The retail condominiums sold for $411 million.
  • Event Sales
  • Address 2 Rector Street
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 476,000
  • Price $ 225,000,000
  • Price per foot $ 472.69
notes
The property was sold for $225 million.
  • Event Office Leasing
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 33,000
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
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
[EMPTY]
  • 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
[EMPTY]
  • 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
[EMPTY]
  • 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 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 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 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 6F
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,627
  • Price $ 3,839,870
  • Price per foot $ 2,360.09
notes
[EMPTY]
To see all, go to Advanced Search
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