CIM Group acquires Cement plant property in Hollywood

CIM Group announced the acquisition of multiple parcels totaling 1.6 acres, at a high-profile location on and around 1000 N. La Brea Ave., which has been home to an operating cement plant for the about 60 years. The property is located within the cities of West Hollywood and Los Angeles.

“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. 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,” said Shaul Kuba, co-founder and principal, CIM Group.

CEMEX, operator of the cement plant, will continue operating while future development plans for the site are progressed.

The cement plant properties are just blocks away from The Lot at Formosa studio campus, and connected to the growing Sycamore District, a distinc