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CIM’s LA Win Amid Northern Crisis | Real Estate News
Description
CIM Group just landed a major West Hollywood apartment complex, The Domain, with 166 units and retail space — right next door to another CIM property — in a savvy deal with Hulic Company. Despite this LA win, CIM’s facing serious turmoil in Northern California, where two key office buildings are in foreclosure. The modern, amenity-packed property includes 30 affordable units and comes on the heels of CIM’s recent LA expansions, including converting a church into Coro and launching The Read. While LA’s rental market remains strong with low vacancy and rising rents, CIM’s balancing act between growth and financial woes is anything but easy.
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