company logo

Counsel at CIM Group in Chicago, IL

CIM Group
Chicago, IL 60601
clockMore than 4w ago
bookmark emptySave
More info when clicked here
You fill out 1 set of questions 1 time. We take care of your job applications every time you choose Apply4Me.
What's Apply4Me?

compensation:

$80K — $100K *

specialty:

Legal & Regulatory

experience:

Less than 5 years

Job Description

See More arrow

Valid through: 6/27/2021

About CIM Group

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.
stats icon
Total Jobs:
16
stats icon
Total Experts:
4
stats icon
Average Pay:
$158,684
stats icon
Total value of jobs:
$3,015,000
stats icon
% Masters:
36%
Learn More About CIM Group blue arrow
* Ladders Estimates