Opportunistic

CIM’s Opportunistic Strategy is focused on making equity and debt investments in repositioning and development of retail, residential, office, parking, hotel, signage and other asset types in established and/or emerging urban neighborhoods located in communities that meet CIM’s qualification criteria. CIM's opportunistic investments require significant development or repositioning efforts, possible entitlement changes, new construction, substantial development or adaptive re-use, and/or full lease-up activities, providing the potential for appropriately high returns. Since 1994, CIM has made more than 100 opportunistic investments in approximately 45 of its qualified communities.

One of CIM’s most successful opportunistic investments is the Hollywood & Highland® Center in the Hollywood Entertainment District. In 2004, CIM acquired the property and saw an opportunity to improve the performance of the asset by addressing some key design flaws. CIM made sweeping changes to the Center to address the needs of the community, including attracting new tenants that were well-suited to the project. Today, Hollywood & Highland® is a 632,000-square-foot, five-story outdoor retail and entertainment center featuring shopping, dining, and entertainment, including the Dolby Theatre that hosts the annual Academy Awards® ceremony.

Hollywood & Highland Center
Hollywood & Highland Center

This property features shopping, dining, and casual entertainment and also the Dolby Theatre, home of the annual Academy Awards®.

432 Park Avenue
432 Park Avenue

432 Park Avenue, the 1,396 foot tall residential condominum tower is located in the desirable Plaza District between 56th Street and 57th Street.

Sunset Vine Tower
Sunset Vine Tower
This highly visible landmark has been converted into an 85,000 square foot contemporary residential property with a steel-and-glass high-rise containing 59 luxury apartment units and 7,000 square feet of retail space.
Midtown Crossing
Midtown Crossing

Midtown Crossing is a 12-acre retail development that provides unparalleled opportunities for major retailers to enter the Mid-City market.

 

Gas Company Lofts
Gas Company Lofts
Located in the heart of Downtown Los Angeles' South Village district, this building contains 251 premium, loft-style apartments with retail at street level.
11 Madison Ave.
11 Madison Ave.

This property, a designated historic landmark in New York City, is a 30-story trophy office building occupying an entire city block.