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Opportunity Zone

The Latest

From left: CIM Group's Shaul Kuba, Avi Shemesh, and Richard Ressler (Photo Illustration by Steven Dilakian for The Real Deal with Getty, CIM Group, and LoopNet)

Los Angeles

CIM’s favorite customer: CIM

By Isabella Farr | December 09, 2022 11:34AM

In 2018, Donald Trump granted real estate a boon: The developer-turned-POTUS, as part of the Tax Cuts and Jobs Act, created “opportunity zones,” which gave tax forgiveness to real estate investors for projects in...

CIM’s favorite customer: CIM

Cresset Partners Nick Parrish, The Preston in Houston (Credit: Hines)

National

Cresset Partners-led Opportunity Zone fund raises $465M; targets $750M new fund

By Keith Larsen | March 13, 2020 03:00PM

Two investment firms have closed on a half billion-dollar Opportunity Zone fund with projects across the country, and have...

Cresset Partners-led Opportunity Zone fund raises $465M; targets $750M new fund