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Developer to Buy the Oldest Shopping Center in Los Angeles, Add Offices

CIM Group to Cancel Plans to Build Housing on Site of Baldwin Hills Crenshaw Plaza
Baldwin Hills Crenshaw Plaza has lost two large anchor stores in recent years. (CoStar)
Baldwin Hills Crenshaw Plaza has lost two large anchor stores in recent years. (CoStar)
CoStar News
April 30, 2020 | 11:08 P.M.

Real estate developer CIM Group said it agreed to buy Baldwin Hills Crenshaw Plaza, the oldest shopping center in Los Angeles, scrapping a plan to build 1,000 residential units in favor of a mixed-use project with more offices.

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