CIM plans facelift for former Farmers Insurance headquarters

Three-story building with 144k sf set for renovation

Los Angeles /
Nov.November 16, 2018 10:30 AM
CIM filed plans to renovate one of the buildings at 4750 Wilshire Boulevard

The former Farmers Insurance headquarters in Mid-Wilshire is set for a makeover.

CIM Group, an L.A.-based developer and commercial landlord, plans to enhance one of the three buildings on a 10-acre campus, UrbanizeLA reported. Upgrades are set to begin in early 2019, and be completed in April.

The three-story building at 4750 W. Wilshire Blvd. was built in the 1980s and includes 144,300 square feet of rentable space. Plans call for a new entry area, new valet court, exterior enhancements, and installations on the roof deck and patio.

Situated between Miracle Mile and Koreatown, the four-block campus is surrounded by residential districts, such as Hancock Park directly to the north. CIM Group purchased the campus in 2014 after Farmers announced its move to the Warner Center near Woodland Hills.

The office will compete with the one-million-square-foot Wilshire Courtyard complex at 5700 Wilshire Blvd., which was listed for sale in September after E!, the entertainment channel, terminated its 400,000-square-foot lease, and then Coffee Bean & Tea Leaf left its headquarters there in October.

Last month, CIM Group also filed plans for two of the five biggest projects in the county, including a 154-unit mixed-use project in West L.A., and an eight-story multimedia production and office building in Hollywood.

The firm also joined Abu Dhabi Investment Authority in listing the 460,000-square-foot Hollywood & Highland Center this month. [Urbanize] – Gregory Cornfield


Related Articles

arrow_forward_ios
Los Angeles Planning Commission approves Hollywood zoning changes. (iStock)
Planning Commission OK’s changes to Hollywood zoning, land use
Planning Commission OK’s changes to Hollywood zoning, land use
The rail project had its genesis in the late 1990s but has faced numerous delays. (iStock, Getty)
Land purchases could delay high-speed rail 2 years: contractor
Land purchases could delay high-speed rail 2 years: contractor
925 N. La Brea Avenue with CIM Group’s Shaul Kuba and WeWork’s Sandeep Mathrani (Google Maps, Getty/Illustration by Alexis Manrodt for The Real Deal)
WeWork exits CIM Group’s Hollywood complex
WeWork exits CIM Group’s Hollywood complex
Palari Group CEO Basil Starr and Mighty Buildings CEO Slava Solonitsyn with renderings of the project (Palari)
Developers tout 3D-printed houses in Coachella Valley as “zero net energy”
Developers tout 3D-printed houses in Coachella Valley as “zero net energy”
Rendering of Figueroa Centre (right) with an aerial view of the vacant site at 911-927 South Figueroa Street (Google Maps, CallisonRTKL/Illustration by Kevin Rebong for The Real Deal)
A Genting scion’s plans for a DTLA supertall were quietly shelved. What happened?
A Genting scion’s plans for a DTLA supertall were quietly shelved. What happened?
Related Fund Mangement’s Managing Principal Justin E. Metz and a rendering of Cross Creek Ranch. (Jay Luchs, Related)
Malibu’s largest commercial project nabs $130M construction loan
Malibu’s largest commercial project nabs $130M construction loan
CIM Group's Shaul Kuba and an aerial view of the project site (Getty, Google Maps)
CIM Group plans another Hollywood apartment complex
CIM Group plans another Hollywood apartment complex
Rescore Property Corp. Managing Principal Arthur Falcone and a rendering of the project (iStock)
Hollywood apartment development lines up $138M loan
Hollywood apartment development lines up $138M loan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...