CIM Group

People:

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CIM Group portfolio

$840.9 million – office 60%, condo 39%; Manhattan 65%, Brooklyn 34%

68th largest portfolio by dollar value

4,063,086 sqft – office 36%, condo 35%;

67th largest by SF

719 properties – Manhattan 54%, Brooklyn 45%

5th largest

1,150 residential units – Brooklyn 91%, Manhattan 8%

191th largest by residential units

0 foreclosures, 3 bankruptcies, 5 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $48.6 million

Seller company: 1 for $128 million

Borrower company: 2 for $163 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

JPMorgan Chase (5), Arch Companies (2), Minrav Development (2), Hawkins Way Capital (1), RXR Realty (1), Walton Street Capital (1), NYC Department of Housing Preservation and Development (1), Claros Mortgage Trust (1), AB CarVal Investors (1), Ramsfield Hospitality Finance (1)

Top Ten Associated People:

Andrew W. Albstein (2), Karan Suri (1), David Frank (1), Andrew J. Fleck (1), Scott W. Kingsmore (1), Simon Burce (1), Jeffrey Simpson (1), Roni Kotel (1), Paul J. Mullaney (1), Wonjoong Kim (1)

Latest Stories:

• Carlyle, Stonehenge pay $128M to CIM for Lenox Hill rental, down from $200M (November 13, 2024)

• CIM acquires Greenwich Village office through UCC foreclosure, $48.6M transfer amount (October 18, 2024)

• SHVO, Deutsche Finance sign $100M refi with Northwind for 50 unsold condos in Midtown East (October 11, 2024)

• Harry Macklowe puts 432 Park apartments valued at $78M in bankruptcy to halt auction (October 12, 2023)

• CIM Group signs $83M loan with AB CarVal for Dominick Hotel in Hudson Square (July 11, 2023)

• Macklowe says he’s seen none of projected $110M earnout at 432 Park (June 18, 2023)

• Arch Companies signs $48.4M refi loan with CIM Group for office in Greenwich Village (June 22, 2022)

• SHVO, Deustche Finance sign $162.4M refi with Northwind Group for high-end condo in Midtown East (May 05, 2022)

• CIM Group cuts debt on Brooklyn Heights office buildings to $245M, with JPMorgan Chase, Claros Mortgage Trust (February 28, 2022)

• Hawkins Way signs $69M refi with CIM Group in Brooklyn Heights (January 04, 2022)

Litigation:

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Properties:

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