CIM Group

CIM Group Sells 1,180-Unit Mason at Van Dorn Apartment Community in Alexandria, VA

Retrieved on: 
Friday, March 29, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Capital Beltway, Parcel locker, Van Dorn, CIM Group, Barbecue, CIM, Recreation, Lighting, Landmark Mall

CIM Group announced today that it has sold Mason at Van Dorn, a 1,180-unit apartment community consisting of fourteen four- and five-story buildings spread across an approximately 25-acre site in Alexandria, Virginia.

Key Points: 
  • CIM Group announced today that it has sold Mason at Van Dorn, a 1,180-unit apartment community consisting of fourteen four- and five-story buildings spread across an approximately 25-acre site in Alexandria, Virginia.
  • Located at 140 South Van Dorn Street, Mason at Van Dorn provides residents spacious homes offered in a range of floor plans from studio to two-bedroom configurations.
  • Over the course of its ownership and management of this substantial apartment community, CIM Group instituted a program of improvements to Mason at Van Dorn, which was built in 1972.
  • Mason at Van Dorn, conveniently situated just off I-395 inside the Capital Beltway, is four miles from Old Town Alexandria and one mile north of the Van Dorn Metro Station.

CIM Group Sells 139,502-Square-Foot Cold Storage Warehouse Property in Fort Worth

Retrieved on: 
Wednesday, March 20, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Dallas Love Field, CIM Group, CIM, Airport, Acquisition, Interstate 20, Interstate 35, Interstate Highway System, Fort Worth International Airport, Transport, Warehouse

CIM Group announced today that it has sold a 139,502-square-foot cold storage warehouse facility which it recently completed at 6900 AWG Way in Fort Worth, Texas.

Key Points: 
  • CIM Group announced today that it has sold a 139,502-square-foot cold storage warehouse facility which it recently completed at 6900 AWG Way in Fort Worth, Texas.
  • The modern, state-of-the-art warehouse sits on an approximately 14.42-acre property which CIM acquired in 2020 as part of its acquisition of the adjacent 1,128,162-square-foot Junction 20/35 logistics center which it continues to own and operate.
  • CIM Group designed and constructed the warehouse to provide the modern features in-demand by the growing logistics industry.
  • The building features 36’ clear ceiling heights, with 36 dock-high doors and layout conducive to temperature-controlled cold storage use.

CIM Group Closes $18.3 Million Loan for Acquisition of Residence Inn Salt Lake City Cottonwood

Retrieved on: 
Monday, March 11, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional Services, Business, Lodging, Destinations, Residential Building & Real Estate, Travel, CIM Group, CIM, Residence Inn by Marriott, Skiing, Patient, Golf, Acquisition, Consultant, Wasatch Range, Hotel

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that its CIM Real Estate Debt Solutions business closed an $18.3 million loan on behalf of a CIM-managed fund to PEG Companies for the acquisition of the Residence Inn Salt Lake City Cottonwood (“Residence Inn”).

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that its CIM Real Estate Debt Solutions business closed an $18.3 million loan on behalf of a CIM-managed fund to PEG Companies for the acquisition of the Residence Inn Salt Lake City Cottonwood (“Residence Inn”).
  • Built in 1999 and renovated in 2013, the Residence Inn is an all-suites extended stay hotel consisting of 144 guest rooms located at 6425 S. 3000 E in Salt Lake City near the city of Cottonwood.
  • The Residence Inn is the only extended stay hotel in the Cottonwood area and close to the nearby canyons which are popular visitor destinations.
  • The loan for the Residence Inn continues CIM Group’s growth of its hospitality lending focus beyond the full-service sector, further expanding the capital commitment into the select and extended stay sector since 2023.

ILHA Launches Los Angeles Chapter

Retrieved on: 
Thursday, April 4, 2024
The Ritz-Carlton Hotel Company, Culture, Organization, Development, Growth, Education, PALM, Travel, Social media, Senior, CIM Group, Barak, Investment, International Luxury Hotel Association, BEACH, HVS, Hotel

"I'm thrilled to be joined by such an esteemed group of hospitality experts in establishing the Los Angeles Chapter of ILHA.

Key Points: 
  • "I'm thrilled to be joined by such an esteemed group of hospitality experts in establishing the Los Angeles Chapter of ILHA.
  • "With great pleasure, I welcome you all to our inaugural Los Angeles chapter meeting of the International Luxury Hotel Association," Barak began.
  • The ILHA is thrilled to offer its full support to the Los Angeles chapter as it continues to grow and thrive within the luxury hospitality landscape.
  • Looking ahead, we eagerly anticipate the upcoming ILHA INSPIRE conference at the end of the year, where the Los Angeles chapter will have the chance to showcase their expertise and meet fellow ILHA members and supporters from around the globe.

CIM Group Sells 215-Unit District at SoCo Apartment Community in Austin, TX

Retrieved on: 
Thursday, March 7, 2024
REIT, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban Planning, CIM, Sale, CIM Group, South Congress, Recreation, Congress, Heart, Environment, Real estate

CIM Group announced today the sale of District at SoCo, a 215-unit apartment community with 328-space parking garage in Austin, Texas, which it acquired in 2013.

Key Points: 
  • CIM Group announced today the sale of District at SoCo, a 215-unit apartment community with 328-space parking garage in Austin, Texas, which it acquired in 2013.
  • Built in 2012, District at SoCo is located in the heart of the popular South Congress district.
  • District at SoCo is designed with four-story buildings around two outdoor community gathering areas.
  • CIM Group also was a co-developer of the Seaholm Power Plant mixed-use redevelopment as well as The Independent luxury condominium tower.

CIM Group Named Best Asset Manager for Real Estate Client Service by The Korea Economic Daily

Retrieved on: 
Monday, February 26, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, CIM Group, CIM, GP, Partnership, News, KED, LP record

CIM Group announced today that it has been named to The Korea Economic Daily’s (KED) list of 2023 Best Asset Managers by Korean Investors as Best Client Service provider among mid-cap real estate investors.

Key Points: 
  • CIM Group announced today that it has been named to The Korea Economic Daily’s (KED) list of 2023 Best Asset Managers by Korean Investors as Best Client Service provider among mid-cap real estate investors.
  • KED, a leading business news source in South Korea, surveyed Korean Limited Partners (LPs) soliciting their selections for best General Partners (GPs) across five asset classes: private equity, private debt, real estate, infrastructure and absolute return strategies in terms of performance, operational excellence and client service.
  • The Best Client Service prize was awarded to GPs that provided great services tailored to LPs’ needs.
  • “CIM Group is honored to be recognized as one of KED’s Best Asset Managers.

MADISON INTERNATIONAL REALTY APPOINTS MO SARAIYA AS MANAGING DIRECTOR, GROWTH PLATFORM INVESTMENT STRATEGY

Retrieved on: 
Monday, February 12, 2024
School, Equity, LP, GP, Columbia Business School, MBA, University, Systems engineering, CIM Group, Lead, Engineering, Science, Economics, Investment, GCM Grosvenor, Financial services

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Madison International Realty , a leading real estate private equity firm, announced the appointment of Mo Saraiya as Managing Director to lead and advance the firm's activities in Real Estate Growth Platform Investing.

Key Points: 
  • NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Madison International Realty , a leading real estate private equity firm, announced the appointment of Mo Saraiya as Managing Director to lead and advance the firm's activities in Real Estate Growth Platform Investing.
  • With more than 20 years of experience in real estate investment, finance, private equity and corporate strategy, Saraiya brings extensive experience to Madison.
  • Saraiya will lead Madison's real estate platform initiatives providing growth capital to private and public real estate companies.
  • Mo brings an invaluable skillset to advance these initiatives," said Ronald Dickerman, Madison International Realty Founder and President.

MADISON INTERNATIONAL REALTY APPOINTS MO SARAIYA AS MANAGING DIRECTOR, GROWTH PLATFORM INVESTMENT STRATEGY

Retrieved on: 
Monday, February 12, 2024
School, Equity, LP, GP, Columbia Business School, MBA, University, Systems engineering, CIM Group, Lead, Engineering, Science, Economics, Investment, GCM Grosvenor, Financial services

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Madison International Realty , a leading real estate private equity firm, announced the appointment of Mo Saraiya as Managing Director to lead and advance the firm's activities in Real Estate Growth Platform Investing.

Key Points: 
  • NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Madison International Realty , a leading real estate private equity firm, announced the appointment of Mo Saraiya as Managing Director to lead and advance the firm's activities in Real Estate Growth Platform Investing.
  • With more than 20 years of experience in real estate investment, finance, private equity and corporate strategy, Saraiya brings extensive experience to Madison.
  • Saraiya will lead Madison's real estate platform initiatives providing growth capital to private and public real estate companies.
  • Mo brings an invaluable skillset to advance these initiatives," said Ronald Dickerman, Madison International Realty Founder and President.

CIM Group Brings Luxury Watch Manufacturer A. Lange & Söhne to The Shops at Tribune Tower

Retrieved on: 
Tuesday, December 19, 2023
Luxury, Retail, Commercial Building & Real Estate, Construction & Property, Specialty, Cream, CIM, Michigan Avenue, Museum of Ice Cream, Richemont, Coach, Apple, Shop, Blue Bottle Coffee, Ice cream, Tribune Tower, Golub, CIM Group

CIM Group announced today that it has signed German luxury watch manufacturer A. Lange & Söhne to a long-term lease for 1,409 square feet of retail space at The Shops at Tribune Tower in Chicago, Illinois.

Key Points: 
  • CIM Group announced today that it has signed German luxury watch manufacturer A. Lange & Söhne to a long-term lease for 1,409 square feet of retail space at The Shops at Tribune Tower in Chicago, Illinois.
  • CIM Group controls approximately 60,000 square feet of flexible retail space on Michigan Avenue with its Tribune Tower and 444 N. Michigan Ave. properties.
  • The Shops at Tribune Tower consists of 50,000 square feet of retail spaces that anchor the ground floor of the iconic 36-story, 740,000-square-foot Neo-Gothic Tribune Tower, which has been transformed into 162 luxury residential condominiums by CIM Group and Golub & Company.
  • In addition to the retailers at The Shops at Tribune Tower, CIM Group brought Coach and HOKA to 444 N. Michigan Ave., the 36-story, 517,000-square-foot Class A office building across the street.

CIM Group Signs Sheppard Mullin to 119,217-Square-Foot Lease at City National 2CAL

Retrieved on: 
Monday, December 18, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, CIM, CBRE, Entrepreneurship, Culture, Water, Partnership, Restaurant, Tenant, Grand Performances, City, LEED, Platinum, Town square, JLL, Town, Growth, Yard, CIM Group, CAL

CIM Group announced today that it has executed a long-term lease with international law firm Sheppard Mullin to bring its headquarters to City National 2CAL.

Key Points: 
  • CIM Group announced today that it has executed a long-term lease with international law firm Sheppard Mullin to bring its headquarters to City National 2CAL.
  • As of today, Sheppard Mullin employs more than 450 employees in Los Angeles who will all be moving to its new City National 2CAL headquarters space in mid-2025.
  • Luca Salvi, chair of Sheppard Mullin, added: “We look forward to calling City National 2CAL our new home.
  • CBRE partnered with us to achieve a great result at City National 2CAL.”
    Since acquiring the property in 2014, CIM Group has implemented a program of capital and operational improvements at City National 2CAL.