Press Releases

CIM GROUP ACQUIRES 150-151 EL CAMINO DRIVE COMPLEX IN BEVERLY HILLS

12/14/2011


LOS ANGELES--December 14, 2011--CIM Group today announced that it has acquired a two-building office complex located at 150-151 El Camino Drive in Beverly Hills' prestigious Golden Triangle district. The two three-story buildings total approximately 127,141 gross square feet and are currently 51 percent leased. 

Situated in the heart of Beverly Hills, the 150-151 El Camino Drive office buildings are in close proximity to world-class hotels, retailers, restaurants and other highly desirable amenities. The building offers ample on-site parking with 379 spaces and its large floor plates allow for flexible space configurations to accommodate tenants of different sizes and industries, including as a corporate headquarters. 

With the closing, CIM Group's property management team has assumed the building management and the firm's leasing team will select and oversee an outside leasing brokerage firm. 

About CIM Group

CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional and well established districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquarted in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area and Bethesda, Maryland. 

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