CIM Group is building a new office project on Sycamore Avenue

Firm is adding office and multifamily stock to area in Hollywood around Santa Monica Boulevard

CIM Group is deepening its presence in Hollywood with another office development.

The L.A. firm is planning an eight-story project at 926 Sycamore Avenue with around 45,600 square feet of office space and 7,500 square feet of ground floor retail space, according to Urbanize. Renderings from a leasing brochure distributed by CBRE show three stories of office space atop five levels of parking.

Pricing is $5.25 per square foot with delivery expected in the fourth quarter of 2020, according to the brochure.

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As recently as last June, CIM planned to expand a warehouse on the property into a four-story office building with 24,000 square feet.

The company owns numerous properties in the surrounding blocks and is developing office and multifamily assets there. The firm is currently building a 75,000-square-foot office building at the end of the block, at the corner of Romaine Street. SiriusXM signed a lease for 27,000 square feet there last May.

CIM is also developing a mixed-use project a few blocks away at 904 La Brea Avenue. It also recently completed work on a creative office project called Formosa West at a historic film production studio on N. Formosa Avenue. The television network Showtime signed a 45,000-square-foot lease there in January.

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CIM Group is building a new office project on Sycamore Avenue

Firm is adding office and multifamily stock to area in Hollywood around Santa Monica Boulevard

CIM Group is deepening its presence in Hollywood with another office development.

The L.A. firm is planning an eight-story project at 926 Sycamore Avenue with around 45,600 square feet of office space and 7,500 square feet of ground floor retail space, according to Urbanize. Renderings from a leasing brochure distributed by CBRE show three stories of office space atop five levels of parking.

Pricing is $5.25 per square foot with delivery expected in the fourth quarter of 2020, according to the brochure.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

As recently as last June, CIM planned to expand a warehouse on the property into a four-story office building with 24,000 square feet.

The company owns numerous properties in the surrounding blocks and is developing office and multifamily assets there. The firm is currently building a 75,000-square-foot office building at the end of the block, at the corner of Romaine Street. SiriusXM signed a lease for 27,000 square feet there last May.

CIM is also developing a mixed-use project a few blocks away at 904 La Brea Avenue. It also recently completed work on a creative office project called Formosa West at a historic film production studio on N. Formosa Avenue. The television network Showtime signed a 45,000-square-foot lease there in January.

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