Avi Shemesh — CIM Group

Principal

THE LATEST: CIM is one of the most active developers in L.A. and has a portfolio with more than $60 billion in development under its belt. But not all potential developments have gone smoothly. Last year, facing community opposition, the company pulled out of an agreement to purchase the 869,000-square-foot Baldwin Hills Crenshaw Plaza at 3650 W. Martin Luther King Jr. Blvd. from Capri Urban Investors.
BACKGROUND: In 1994, Shemesh co-founded CIM Group with Shaul Kuba and Richard Ressler. Shemesh serves on the firm’s investment and asset management committees and leads CIM’s day-to-day operations, including strategic initiatives, property management and leasing, and investor relations. Prior to launching CIM, Shemesh and Kuba were co-founders of Dekel Development. The company handled commercial and multifamily properties in Los Angeles.
YEARS ON THE LA500: 6
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