THE LATEST: In 2019 and 2020, CIM Group sold a handful of large properties, including the Hollywood & Highland center for an estimated $325 million and the 147-unit Elevate apartment and retail building in West L.A. for an undisclosed sum. With more than $60 billion in development under its belt, the firm currently has a portfolio of more than $30 billion.



BACKGROUND: Shemesh, who co-founded CIM Group with Shaul Kuba and Richard Ressler in 1994, serves on the firm&s investment and asset management committees. He 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, a real estate development firm that handled commercial and multifamily properties in Los Angeles.



YEARS ON THE LA500: 5