CIM Group Acquires 11-Story Desmond Office/Retail Property in Los Angeles.
MANews-(C)2009-2018
18 October 2018 - California, US-based real estate owner CIM Group has acquired 11-story office and retail building The Desmond, located in the Miracle Mile area of Los Angeles, the company said.
Terms of the transaction were not disclosed.
The building offers approximately 28,000 square feet of ground floor retail space, approximately 51,000 square feet of office space on the upper floors, and 67 parking spaces.
CIM is a community-focussed real estate and infrastructure owner, operator and lender.
Since 1994, CIM has led more than USD 56bn of projects in communities across the Americas on behalf of its own account and its partners, co-investors and shareholders.
CIM's in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and asset...
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