History
The roots of CCM Group stretch back to 1977 with the launch of Commercial Centers Management Realty in Puerto Rico. The company's focus on acquisition, development, leasing and asset management services allowed it to grow quickly across the island with various property types.
1977
Andre Nikitine founds Commercial Centers Management (CCM), purchasing six shopping centers in Puerto Rico.
1983
CCM expands to the mainland United States with the purchase of Winter Park Mall and two other properties in Orlando Florida with partner Robert Wettenhall.
1990 - 1994
CCM becomes the first developer of self-storage facilities in Puerto Rico. Andre’s son, Vadim Nikitine, opens the first Western-style office suites and the first Radio Shack while working in the former Soviet Union.
1991
Jorge Fournier (current CCM Puerto Rico president) joins the company’s finance department.
1994
Vadim becomes president and CEO of CCM following Andre’s death.
1996
CCM converts an open-air shopping center into Santa Rosa Mall, adding over 30,000 square feet of retail space and the construction of a five-story parking deck.
2006
Vadim Nikitine and his wife, Kristin Ehrgood co-found the Flamboyan Foundation with a mission to improve educational outcomes for children most impacted by inequality. The private family foundation is CCM Group's main philanthropic endeavor.
2009
CCM U.S. launches in Washington, D.C. It begins acquiring properties in Virginia, Florida, and North Carolina and continues to expand partnership with Don M. Casto Organization through Casto Southeast Realty Services.
2010s
Expansion of CCMs portfolio through partnerships with BedRock Real Estate, Chartwell Property Group, Interlink, Laurel Street, and Middleburg Communities. Also expands holdings in industrial, medical, hospitality, and residential properties.
2019
Launch of CSE-CCM Realty Investments, a segment of the partnership between the multi-faceted real estate organization CASTO and CCM Group.