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 as 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 on Bliionaire's Row, which is the Western Hemisphere's tallest residential tower, designed by architect Rafael Viñoly.
During the 2020 COVID pandemic, CIM Group wrested control of four New York condo projects from troubled development firm HFZ Capital Group after months of missed loan payments and litigation.
Also in 2020, the firm paid $506 million for the 2,311-unit Southern Towers in Alexandria, VA, just outside Washington, D.C. — one of the priciest such deals in the region's history.
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. In its first 25 years, the company says it has completed $60 billion worth of projects.
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4700 Wilshire Boulevard, Los Angeles, CA, 323-860-4900
540 Madison Avenue, 8th Floor, New York, NY, 646-783-4600
540 Madison Avenue, 8th Floor, New York, NY, 646-783-4600
4700 Wilshire Boulevard, Los Angeles, CA, 323-860-4900
- Event Sales
- Address 343 East 17th Street
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 4,140
- Price $ 12,000,000
- Publication Date 02/14/2020
- Event Date 02/13/2020
- Party 1 CIM Group
- Party 2 Minrav Development
- Event Sales
- Address 305 First Avenue
- Neighborhood Gramercy
- Borough Manhattan
- Price $ 28,500,000
- Publication Date 02/14/2020
- Event Date 02/12/2020
- Party 1 CIM Group
- Party 2 Minrav Development
- Event Financing
- Address 685 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Price $ 120,000,000
- Publication Date 12/27/2019
- Event Date 12/18/2019
- Party 1 Michael Shvo, Deutsche Finance, Bilgili Group
- Party 2 CIM Group
- Event Sales
- Address 8925 Avenue D
- Neighborhood Canarsie
- Borough Brooklyn
- Square feet 274,000
- Price $ 130,000,000
- Publication Date 12/13/2019
- Event Date 12/13/2019
- Party 1 CIM Group
- Party 1 Brokerage JLL
- Party 1 Broker Andrew Scandalios, Rob Rizzi, Jose Cruz
- Party 2 Blackstone Group
- Event Financing
- Address 25 Columbia Heights
- Neighborhood Dumbo
- Borough Brooklyn
- Square feet 304,650
- Price $ 335,000,000
- Publication Date 08/30/2019
- Event Date 08/30/2019
- Party 1 CIM Group, LIVWRK
- Party 2 JPMorgan Chase
- Event Office Leasing
- Address 5 Hanover Square
- Neighborhood Financial District
- Borough Manhattan
- Square feet 11,101
- Publication Date 07/26/2019
- Event Date 07/22/2019
- Party 1 CIM Group
- Party 1 Brokerage CBRE
- Party 1 Broker Adam Leshowitz, Rob Wizenberg, Michael Rizzo
- Party 2 National Securities Corporation
- Party 2 Brokerage Okada & Company
- Party 2 Broker Francis Leung, Ken Lerner
- Event Sales
- Address 301 First Avenue
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 140,461
- Price $ 81,000,000
- Publication Date 02/23/2019
- Event Date 02/15/2019
- Party 1 CIM Group
- Party 2 GFP Real Estate, Meadow Partners
- Party 2 Brokerage Meridian Capital Group
- Party 2 Broker Lipa Lieberman, David Schechtman, Abie Kassin
- Event Office Leasing
- Address 1440 Broadway
- Neighborhood Midtown
- Borough Manhattan
- Square feet 236,000
- Event Office Leasing
- Address 67 Irving Place
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 51,050
- Event Office Leasing
- Address 5 Hanover Square
- Neighborhood Financial District
- Borough Manhattan
- Square feet 7,105
- Publication Date 11/19/2018
- Event Date 11/14/2018
- Party 1 CIM Group
- Party 1 Brokerage CBRE
- Party 1 Broker Brad Gerla, Adam Leshowitz, Michael Rizzo and Robert Wizenberg
- Party 2 National General Insurance
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker Alex Radmin
- Event Office Leasing
- Address 5 Hanover Square
- Neighborhood Financial District
- Borough Manhattan
- Square feet 28,820
- Publication Date 10/08/2018
- Event Date 10/05/2018
- Party 1 CIM Group
- Party 1 Brokerage CBRE
- Party 1 Broker Michael Rizzo, Adam Leshowitz, Robert Wizenberg
- Party 2 Knotel
- Party 2 Brokerage Skylight Leasing
- Party 2 Broker Elie Reiss
- Event Financing
- Address 85 Jay Street
- Neighborhood Dumbo
- Borough Brooklyn
- Square feet 90,000
- Price $ 600,000,000
- Publication Date 07/02/2018
- Event Date 06/28/2018
- Party 1 CIM Group
- Party 2 JPMorgan Chase
- Event Financing
- Address 85 Jay Street
- Neighborhood DUMBO
- Borough Brooklyn
- Square feet 874,000
- Price $ 600,000,000
- Publication Date 04/09/2018
- Event Date 04/06/2018
- Party 1 CIM Group, LIVWRK, Kushner Companies
- Party 2 JPMorgan Chase
- Event Sales
- Address 1440 Broadway
- Neighborhood Midtown
- Borough Manhattan
- Square feet 747,576
- Price $ 520,000,000
- Publication Date 01/09/2018
- Event Date 12/21/2017
- Party 1 New York REIT
- Party 1 Brokerage CBRE, Eastdil Secured
- Party 2 CIM Group
- Event Financing
- Address 1440 Broadway
- Neighborhood Midtown
- Borough Manhattan
- Square feet 747,576
- Price $ 360,000,000
- Publication Date 01/09/2018
- Event Date 12/21/2017
- Party 1 CIM Group
- Party 1 Brokerage CBRE, Eastdil Secured
- Party 2 Blackstone Group
- Event Financing
- Address 111 Montgomery Avenue
- Neighborhood Saint George
- Borough Staten Island
- Square feet 3,500
- Price $ 57,000,000
- Event Financing
- Address 16 Court Street
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 317,600
- Price $ 110,000,000
- Publication Date 11/01/2017
- Event Date 10/12/2017
- Party 1 CIM Group
- Party 1 Brokerage CBRE
- Party 1 Broker James Millon, Tom Traynor
- Party 2 Barclays; Citigroup
- Event Sales
- Address 16 Court Street
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 317,600
- Price $ 171,000,000
- Publication Date 11/01/2017
- Event Date 10/12/2017
- Party 1 SL Green Realty
- Party 1 Brokerage CBRE
- Party 1 Broker Darcy Stacom, Bill Shanahan
- Party 2 CIM Group
- Event Sales
- Address 67 Irving Place
- Neighborhood Gramercy Park
- Borough Manhattan
- Square feet 49,125
- Price $ 34,000,000
- Publication Date 10/30/2017
- Event Date 10/24/2017
- Party 1 Public N.V.
- Party 2 CIM Group
- Event Sales
- Address 111 Montgomery
- Neighborhood Crown Heights
- Borough Brooklyn
- Price $ 29,700,000
- Event Sales
- Building Name Gilman Hall Tower
- Address 301 First Avenue
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 146,000
- Price $ 87,000,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Beth Israel Medical Center
- Party 2 CIM Group
- Event Sales
- Address 343 East 17th Street
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 1,900
- Price $ 13,000,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Mount Sinai Beth Israel
- Party 2 CIM Group
- Event Retail Leasing
- Address 140 West Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 68,400
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Magnum Real Estate Group, CIM Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker David Tricarico
- Party 2 TJX Companies
- Party 2 Brokerage Ripco Real Estate
- Party 2 Broker Peter Ripka, Richard Skulnik
- Event Financing
- Address 85 Jay Street
- Neighborhood Fulton Ferry
- Borough Brooklyn
- Square feet 134,988
- Price $ 187,000,000
- 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
CIM Group, 246_SPRING ST (NYC), LLC

305 FIRST AVENUE (NY) OWNER, LLC
CIM Group|LIVWRK, 109 MONTGOMERY OWNER LLC **
CIM GROUP, 47 EAST 34 OWNER LLC
CIM Group|LIVWRK, 109 MONTGOMERY OWNER LLC **