CIM Group invests in commercial property on behalf of large institutions such as pensions. As of December 31, 2020, the company owned $29.2 billion worth of commercial property.
The company was founded in 1994 by Shaul Kuba, Richard Ressler, and Avi Shemesh. Kuba and Shemesh are childhood friends that emigrated to the United States from Israel in the 1980s, where they set up a landscaping business. Ressler, a former investment banker at Drexel Burnham Lambert, became a landscaping customer and then joined them to invest in real estate.
In 2004, the company acquired the site for Hollywood & Highland, which included the Tiffany Theater. It redeveloped the property and sold it in 2019 for $325 million; however, it did not sell the Dolby Theatre which is on the property.
In the early 2000s, the company developed much of the Third Street Promenade.
In 2005, in partnership with JBG Smith, the company acquired the Marriott Wardman Park hotel from Thayer Lodging Group for $300 million.
In February 2007, the company acquired the BB&T Center for $117 million. In June 2017, it sold the property to Arden Group for $148.8 million.
In October 2008, the company acquired the Ordway Building, the tallest building in Oakland, California as part of a $412 million acquisition from Brandywine Realty Trust.
Highest paying job titles at CIM Group include Construction Manager, Vice President, and Director, Payroll