This issue occurs on Mac OS X only.
An update to Creative Cloud has been released that resolves this issue for most users. In most cases, Creative Cloud downloads and installs the update automatically when you sign in. In some cases, it's necessary to sign out and sign back in within the Creative Cloud desktop application.
Give your user account read/write permissions to the Adobe Preferences folder.
Note: Updating to the latest version of the Creative Cloud desktop application is the recommended solution. The following information is considered obsolete and provided for reference.
Do the following:
A recent update to the Creative Cloud desktop application introduced a defect which can cause the Adobe folder in the Preferences folder to not have proper user permissions. When the Creative Cloud applications attempt to access this folder, and are unable to write to it, they crash. Engineering is aware of this issue and is working to address it. In the meantime, manually fixing the permissions on the Adobe folder allows the applications to launch correctly.