CIM Group
CIM Group, Golub & Co. Acquire Chicago Tower for $138M
The two longtime joint venture partners added 444 N. Michigan, a 36-story office tower in the heart of downtown, to their Chicago holdings.
WeWork Inks 236 KSF Lease in New York City
The coworking giant’s lease makes up nearly a third of CIM Group’s 1440 Broadway. WeWork will also get a private entrance and lobby at the building.
Knotel Expands NYC Presence
The workspace innovator signed a 28,820-square-foot lease at 5 Hanover Square in Lower Manhattan and will occupy two full floors in the CIM Group-owned building.
Chicago Trading Co. Expands in Windy City
CBRE represented the tenant in the 114,186-square-foot lease renewal and expansion, marking the seventh transaction closed this year at the property.
CIM Group Buys Denver Office Complex
The purchase of the LoDo Towers is the company’s first deal in downtown Denver, but it has been working on a large redevelopment project a few miles away.
Hudson Pacific Inks 102 KSF Hollywood Lease Renewal
Trailer Park, a full-service agency specializing in content creation and entertainment marketing, has signed a 10-year lease renewal at 6922 Hollywood Blvd., and plans to renovate the space to accommodate for company growth.
CIM and 1547 Acquire $22M Facility in Ontario
The partnership will market the Markham, Ont. facility, looking for potential tenants for the upcoming 60,000-square-foot expansion. The two companies will focus on both enterprise and wholesale clients.
Mission: Success—Ed Sachse
During his 30-year career, this real estate professional has worn many hats: accountant, broker, property manager and cancer survivor. Today, he presides over Kennedy Wilson’s property services group, where he’s at the forefront of downtown L.A.’s groundbreaking reemergence.
Liquidation of New York REIT Accelerates
In a $520 million deal, the company sold 1440 Broadway, a LEED Gold-certified office building in Manhattan, to CIM Group. The transaction is accompanied by plans to sell three more buildings, soon after the announcement of yet another disposition, as the company winds down.
CIM Group Acquires Uber’s Uptown Station in Oakland, CA
The buyer will continue redeveloping the former department store into a 356,000-square-foot Class A creative office and retail property, with the building expected to open by the end of 2018.