Advertisement
YOU ARE HERE: LAT HomeCollectionsCim Group
IN THE NEWS

Cim Group

FEATURED ARTICLES
BUSINESS
February 12, 2014 | By Roger Vincent
One of the tallest office buildings in downtown Los Angeles has been acquired by Hollywood-based real estate investor CIM Group in an unusual portfolio sale that also included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group was Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
ARTICLES BY DATE
BUSINESS
April 21, 2014 | By Roger Vincent
Farmers Insurance has sold its longtime Wilshire Boulevard headquarters in Los Angeles as part of its plan to relocate to the Woodland Hills area in the San Fernando Valley. The new owner of Farmers' three-building, 10-acre campus in Mid-Wilshire is Los Angeles developer and landlord CIM Group. Farmers will lease space from CIM Group as it gradually moves to its new quarters. The phased transition began last year with the move of several employees to the new Farmers Plaza location at Warner Center.
Advertisement
BUSINESS
December 19, 2011 | Los Angeles Times
Los Angeles developer and landlord CIM Group spent $47.8 million for two Beverly Hills office buildings that were once part of the former William Morris Agency headquarters. CIM Group, which is the largest commercial property owner in Hollywood, bought 150 and 151 S. El Camino Drive. The three-story buildings with a combined total of more than 116,000 square feet of office space occupy two blocks just south of Wilshire Boulevard and the so-called Golden Triangle heart of downtown Beverly Hills, said broker Bob Safai of Madison Partners.
BUSINESS
February 13, 2014 | By Roger Vincent
One of the tallest office buildings in downtown Los Angeles has been acquired by a major Hollywood real estate investor, CIM Group, in an unusual portfolio sale that included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group is Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
BUSINESS
October 19, 1999
Westwood-based CIM Group has added to its portfolio of Hollywood properties with the $1-million purchase of a former Woolworth's department store building built around 1908 in Hollywood. CIM, which has purchased more than $40 million worth of Hollywood properties, plans to renovate the two-story, 13,000-square-foot store building into offices and retail shops, according to John Tronson, of Ramsey-Shilling Co.
BUSINESS
December 25, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
CIM Group, which has played a major role in the revival of Santa Monica's Third Street Promenade, last week said it had completed the purchase of a 7.2-acre property in downtown Los Angeles, where the firm plans to build a mix of housing, commercial space and a full-service supermarket. The Los Angeles-based development firm purchased the property--spanning three blocks bounded by 8th and 9th streets and Grand Avenue and Figueroa Street--for an undisclosed amount from Shuwa Investments Corp.
BUSINESS
February 28, 2004 | Roger Vincent, Times Staff Writer
The $201-million sale of the Hollywood & Highland retail, hotel and entertainment center closed Friday as the new owners announced plans for $20 million-plus in improvements to boost traffic year-round at the complex where the Academy Awards ceremony is held. It was reported last month that the Hollywood Boulevard site would be purchased by CIM Group Inc. of Los Angeles from Trizec Properties Inc., a Chicago real estate investment trust.
BUSINESS
September 3, 2007 | Roger Vincent, Times Staff Writer
Grauman's Chinese Theatre, a Hollywood landmark that attracts millions of tourists each year to its outdoor courtyard where generations of movie stars left their hand and footprints, has been purchased by Hollywood's largest commercial landlord. CIM Group of Los Angeles says it has no plans to change the 80-year-old theater, and the purchase continues its string of acquisitions in the heart of Hollywood.
CALIFORNIA | LOCAL
November 23, 2009 | By David Zahniser
The former top executive of one of Los Angeles' public employee pension systems rented an apartment from a company that at the same time was securing millions of dollars in public funds from his agency. Robert Aguallo, who served as general manager of the City Employees' Retirement System until last year, was a tenant in a CIM Group apartment building in 2007, when his agency's board voted to invest $15 million in CIM's Fund III. Aguallo attorney Fred Woocher confirmed that his client lived at Gas Company Lofts in downtown Los Angeles for roughly three years, moving out in April 2009.
BUSINESS
November 26, 1998 | MELINDA FULMER, TIMES STAFF WRITER
Betting on a resurgence in the symbolic heart of the entertainment business, a Santa Monica-based partnership plans to purchase and resurrect Hollywood Galaxy, a failed retail and entertainment complex on Hollywood Boulevard. The pending sale of the property reflects a rekindled interest in the streets of Hollywood. New development has begun to pull the famous district out of a long slump and attract new investment from real estate speculators and the industry.
BUSINESS
February 12, 2014 | By Roger Vincent
One of the tallest office buildings in downtown Los Angeles has been acquired by Hollywood-based real estate investor CIM Group in an unusual portfolio sale that also included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group was Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
BUSINESS
December 19, 2013 | By Roger Vincent
Owners of an upscale apartment complex across the street from the popular Grove shopping center in Los Angeles are spending a fortune to make some of their best units even more luxurious - and more expensive to rent. In a handful of pricey neighborhoods across the city, some apartments are beginning to resemble a cross between a $1-million home and a five-star resort. The movement is turning on its head the long-held assumption that wealthy Los Angelenos buy, not rent, their residences.
BUSINESS
November 12, 2013 | By Roger Vincent
Los Angeles landlord and developer CIM Group has completed its elaborate makeover of the Lady Luck, a once-popular Las Vegas hotel and casino that opened in 1964 and closed in 2006. After an estimated $100-million renovation, the complex at 3rd Street and East Ogden Avenue is now called the Downtown Grand Las Vegas and considered the centerpiece of the city's Downtown3rd Entertainment District. The Downtown Grand has 634 rooms in two towers -- the 18-story Casino Tower and 25-story Grand Tower; 25,000 square feet of gaming space plus bars and restaurants.
BUSINESS
June 20, 2013 | By Roger Vincent
A once-notorious building on Hollywood Boulevard next door to where ABC's "Jimmy Kimmel Live!" television show is broadcast has been sold to a Maryland real estate investment firm. The three-story retail and office property, built in 1921 and across the street from the historic TCL Chinese Theatre, has had a rise, fall and comeback fitting for a Hollywood tale. Once known as the Seven Seas building for the nightclub it housed, 6904 Hollywood Blvd. enjoyed popularity in the mid-20th century but fell far and hard in the 1980s and 1990s when scores of businesses departed Hollywood and the neighborhood earned a reputation for being disreputable and even dangerous.
CALIFORNIA | LOCAL
January 29, 2013 | Steve Lopez
A couple of weeks ago, I wrote that Los Angeles has had its share of so-so mayors, and it'd be nice to have a great one for a change. Readers agreed, but said they weren't sure there was greatness in the current crop of candidates. And that was before Monday night's televised debate, which bolstered their point. For the most part, the five candidates came off as competent but not compelling. There was no presence, no magic, no star quality. "What an uninspiring bunch," wrote Peter Weinberger, a Pico-Robertson resident.
ENTERTAINMENT
December 1, 2012 | By Kelly Scott
There were plenty of unanswered questions after Cirque du Soleil announced Friday it was closing its movie history-themed show "Iris" at the Dolby Theatre in Hollywood, less than a year and a half after it opened. The show, which opened in September 2011 and had been intended to run for at least 10 years, was aimed at tourists to the Hollywood Boulevard area, but Cirque said ticket sales had not met expectations. The last performance of "Iris" will be Jan 19. One way that the city was able to bring Cirque du Soleil to Hollywood was a loan agreement to a partnership set up by CIM Group, which owns the theater and the entire Hollywood & Highland Center.
BUSINESS
August 10, 2011 | By Roger Vincent, Los Angeles Times
A historic Sunset Boulevard property approved for high-rise construction has been purchased by Hollywood's largest commercial landlord — the latest sign of the neighborhood's economic comeback. CIM Group bought the former Old Spaghetti Factory building, recognizable by its row of Greek columns, on 1.7 acres at Sunset and Gordon Street. The company said it plans to build the retail, office and residential project approved by the city for previous owners. CIM Group didn't reveal how much it paid Washington Real Estate Holdings for the property at 5939 W. Sunset Blvd., but real estate experts who track Hollywood valued the transaction at more than $20 million.
BUSINESS
June 20, 2013 | By Roger Vincent
A once-notorious building on Hollywood Boulevard next door to where ABC's "Jimmy Kimmel Live!" television show is broadcast has been sold to a Maryland real estate investment firm. The three-story retail and office property, built in 1921 and across the street from the historic TCL Chinese Theatre, has had a rise, fall and comeback fitting for a Hollywood tale. Once known as the Seven Seas building for the nightclub it housed, 6904 Hollywood Blvd. enjoyed popularity in the mid-20th century but fell far and hard in the 1980s and 1990s when scores of businesses departed Hollywood and the neighborhood earned a reputation for being disreputable and even dangerous.
BUSINESS
October 29, 2012 | By Roger Vincent, Los Angeles Times
A $100-million apartment and shopping complex is being planned for a formerly neglected stretch of Hollywood Boulevard that once held a legendary rehearsal studio where generations of actors learned to dance and wield swords. Commercial real estate developer Sonny Astani said he bought a 1.9-acre site on Hollywood near Western Avenue for almost $11 million. Among the structures on the property is a building that was part of Falcon Studios, a performing arts school founded in 1929.
BUSINESS
October 28, 2012 | By Roger Vincent
A $100-million apartment and shopping complex is be ing planned for a formerly neglected stretch of Hollywood Boulevard that once held a legendary rehearsal studio where generations of actors learned to dance and wield swords. Commercial real estate developer Sonny Astani said he bought a 1.9-acre site on Hollywood near Western Avenue for almost $11 million. Among the structures on the property is a building that was part of Falcon Studios, a performing arts school founded in 1929.
Los Angeles Times Articles
|