Principal, CIM Group Inc.
THE LATEST: In April, NZ Super Fund, a New Zealand government-backed global investment fund, teamed with CIM Group to invest in North American data centers. NZ Super Fund will invest up to $115 million in CIM-managed properties. CIM also purchased The Desmond, a nearly 80,000-square-foot building on Wilshire Boulevard, in Miracle Mile for $30 million.
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.
WORTH NOTING: 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: 4
