Los Angeles

The CIM Group announced its plans to purchasethe Baldwin Hills Crenshaw Plaza last week, and the industryclamored with questions. The 869,000-square-foot regional mall hasbeen vacant, including both of its anchor tenants, Sears andWalmart. Now, CIM Group has plans to re-imagine the property.

"Baldwin Hills Crenshaw Plaza is a rare opportunity toreposition a large, centrally located property directly opposite atransit station in a mature Los Angeles community," ShaulKuba, co-founder and principal of CIM Group," tellsGlobeSt.com. "CIM is drawing on the expertise of its leasing,property management and development teams to create a thoughtfulplan for the future of the property."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Retail
Capital Markets
Development