Just south of the intersection of Santa Monica Boulevard and La Brea Avenue CIM Group has transformed blocks of former industrial land into a mixeduse neighborhood composed of offices apartments and retail. Now the MidWilshirebased firm has acquired the most visible relic of the Hollywood Media Districts past the CEMEX Hollywood Concrete Plant. Late last week CIM announced the acquisition of 1.6 acres of land centered on 1000 S. La Brea Avenue an assemblage which includes the cement plant.
La Brea Avenue is a prominent commercial corridor that is a hub for entertainment businesses along with a thriving mix of retail restaurant and cultural venues said CIM cofounder Shaul Kuba in a news release. Over the decades the community grew and evolved around the cement plant and now with the operator relocating it is poised to be redeveloped for new uses consistent with the needs of the community.
CEMEX will continue operating the plant until a plan for redevelopment comes to fruition. Entertainment studio XTR has acquired BelleVarado Studios a 25420squarefoot studio and office complex at 601611 N. Alvarado Street for $8.6 million JLL announced this week.
The facility its name a portmanteau of its cross streets of Bellevue Avenue and Alvarado Street features postproduction facilities a sound stage recording studio and offices. XTR will use the property as its headquarters. We continue to see explosive demand for studio space in Los Angeles and content creators looking for places to grow said JLL Managing Director Nicole Mihalka in a statement. This was the perfect campus for XTR to expand their content on their own studio lot JLLs Mihalka and Caitlyn Ross represented the seller PAME 22 LLC while XTR was represented by Craig Ekedahl and Julie Spiker of Maisonre.
Why is Rams owner Stan Kroenke buying so much of Woodland Hills? SoFi Stadium gives a hint LA Times Although the Kroenke Group has yet to publicly acknowledge any development plans in Woodland Hills the company is widely expected to build a scaleddown version of its SoFi sports campus in Inglewood with team headquarters practice facility and fields along with commercial development unrelated to football….The latest purchase brings Kroenkes holdings in Woodland Hills to about 65 acres making the combined parcels one of the biggest development sites in the area…
The Pedestrians Revolt Since February the members of the Crosswalk Collective have been painting crosswalks at intersections in residential neighborhoods around Los Angeles. Each new crosswalk represents a small point of contention in the battle between automobiles and human beings on foot in a place where the city hasnt taken action and so those human beings must. They are handmade DIY infrastructureasprotest. I love them. Slate
The ghosts of L.A.s unbuilt freeways — a wide median here a stubby endpoint there The Whitnall Freeway the Industrial Freeway the Temescal Freeway the Laurel and Topanga and Malibu Canyon freeways the Sierra Freeway and the legendary Beverly Hills Freeway discarded like an unproduced screenplay when such stars as Lucille Ball and Rosalind Russell gave it a big NO.