{"id":410470,"date":"2026-07-24T06:16:30","date_gmt":"2026-07-24T06:16:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/410470\/"},"modified":"2026-07-24T06:16:30","modified_gmt":"2026-07-24T06:16:30","slug":"cim-group-buys-west-hollywood-apartments","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/410470\/","title":{"rendered":"CIM Group Buys West Hollywood Apartments"},"content":{"rendered":"

CIM Group<\/a> is growing its holdings in West Hollywood while dealing with distress in the Bay Area.\u00a0<\/p>\n

The Los Angeles-based firm just purchased the Domain WeHo apartment community at 7141 Santa Monica Boulevard for an undisclosed price, L.A. Business First reported<\/a>. CIM acquired the multifamily property in partnership with Hulic Company.\u00a0<\/p>\n

RREEF Property Trust<\/a>, the real estate investment arm of DWS Group, was the seller. RREEF bought the residences in 2019 for more than $103 million, The Real Deal reported<\/a> at the time.\u00a0<\/p>\n

The seven-story building boasts 166 units and 9,000 square feet of retail. The property opened in 2017 and features amenities like a gym, pet wash, sun deck with a pool, outdoor kitchen and fire pit. More than 30 units at the property are designated as affordable housing.\u00a0<\/p>\n

Domain WeHo is across the street from The Lot at Formosa, a studio campus also owned by CIM Group. The firm transferred ownership of the property to an affiliate company as part of a recapitalization process.\u00a0<\/p>\n

CIM Group has been growing its presence elsewhere on the Westside. In January, it redeveloped a church in West Adams into Coro, a 168-unit apartment community at 3045 Crenshaw Boulevard. The following month, also in West Adams, CIM opened The Read, a 75-unit property at 5217 West Adams Boulevard.\u00a0<\/p>\n

CIM\u2019s latest West Hollywood acquisition comes as the firm experiences distress in Northern California. Its Central Tower<\/a>, an office building in San Francisco, and 1 Kaiser Plaza<\/a>, the headquarters of Kaiser Permanente in Oakland, have fallen into default, with both moving toward foreclosure as of this week.\u00a0<\/p>\n

In Greater Los Angeles, the multifamily vacancy rate was 5.5 percent in the second quarter as renter demand continued to outpace new supply, according to a Q2 report<\/a> from Kidder Mathews. Average asking rents were also up year over year.\u00a0<\/p>\n

\u2014 Chris Malone M\u00e9ndez<\/p>\n

\tRead more
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More CIM-owned offices in Bay Area headed for foreclosure after loan default, receivership<\/p>\n

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CIM defaults on Kaiser HQ tower as office distress in Oakland spreads<\/p>\n

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CIM beefs up Mid-Wilshire mixed-use hub with more resi units<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CIM Group is growing its holdings in West Hollywood while dealing with distress in the Bay Area.\u00a0 The…\n","protected":false},"author":2,"featured_media":410471,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[164418,48,52,51,47,50,49],"class_list":["post-410470","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-cim-west-hollywood-apartments","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=410470"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/410471"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=410470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=410470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=410470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}