May 22, 2023
CIM Group proposes 34-story apartment tower at 1000 La Brea in West Hollywood
Last year, CIM Group acquired one of the white whales of real estate in West Hollywood - the increasingly inexplicable Cemex...

CIM Group proposes 34-story apartment tower at 1000 La Brea in West Hollywood

May 15, 2023 | Steven Harp | Urbanize Los Angeles

Last year, CIM Group acquired one of the white whales of real estate in West Hollywood – the increasingly inexplicable Cemex Hollywood Concrete Plant. Now, the Mid-Wilshire-based developer is looking to turn the site into what may be the city’s future tallest building.

Wehoville reports that a community meeting held last week offered a first glimpse at the project CIM has planned for the site, which is named 1000 La Brea for its address. The proposed development calls for clearing the Cemex site, making way for a towering 34-story building featuring 514 apartments on its upper floors – roughly 25 percent of which would be designated as affordable housing.

At street level, the proposed apartment complex would include approximately 30,000 square feet of commercial space, dedicated to a grocery store. Other elements of the project include parking for 674 vehicles and 393 bicycles.

≡ Continue Reading

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…
Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?

Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?

In July, Blackstone BX reported that it had surpassed $1 trillion in total assets under management during the second quarter of 2023, being the first alternative asset manager to cross that threshold. A bit of background to start: “Alternative asset management” is an umbrella term for asset managers that specialize in private market investment strategies like private…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now