CIM Group Breaks Ground For More Hollywood Apartments

Photo:  LA Times

CIM Group is a premier real estate fund manager that makes private equity and/or debt investments in urban communities throughout North America. They are the owners of the he Hollywood & Highland entertainment center and the Sunset & Vine apartment tower and are said to be Hollywood's largest landlord. CIM is now breaking ground today on a $20-million luxury apartment building in Hollywood.  The plans are for a 5 story 32 unit building on the corner of Whitley Ave north of Hollywood boulevard. Construction completion is set for the summer of 2012.