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The Real Deal Los Angeles

CIM Group reveals details on Hollywood office building

The 75K sf property follows 2 other projects in LA
February 07, 2018 12:30PM

Renderings for the Sycamore (Credit: Loopnet)

New details on CIM Group’s latest project show an eight-story, glass-clad office with four levels of parking in Hollywood. It extends the company’s most recent development efforts in Los Angeles.

The developer released renderings on the property, which will rise at 953 Sycamore Avenue. Ground-floor retail will also be available in the 75,000-square-foot office campus.LOHA is designing the mid-rise project, Urbanize reported.

Cushman & Wakefield brokers Michael Desantis, Peter Collins, Scott Menkus and Michael Johnson Jr. are handling leasing for the site, expected for completion later this year.

The firm is wrapping up construction on the Formosa West at the historic Lot in Hollywood. Premium cable network Showtime recently leased 45,000 square feet at the campus, where it will join Oprah’s OWN network and Will Ferrell’s Funny or Die production company.

CIM Group is also keeping busy in other parts of L.A. The company paid $130 million for the 97,000-square-foot building at 9460 Wilshire Boulevard in Beverly Hills,  just months after breaking ground on an ambitious mixed-use project on the Westside.   [Urbanize] — Natalie Hoberman