Baldwin Hills Crenshaw Plaza to be sold to CIM Group [Los Angeles Times (CA)]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Los Angeles Times
One of the biggest malls in Los Angeles, Baldwin Hills Crenshaw Plaza , will be sold to a local developer that plans to remake the sprawling shopping center into a mixed-use complex that includes offices for rent. CIM Group has agreed to pay more than $100 million for the 40-acre property at Crenshaw and Martin Luther King Jr. boulevards, co-founder Shaul Kuba said. The 869,000-square-foot mall with a Cinemark movie theater has been mostly closed since March due to the COVID-19 pandemic, but the struggling center had previously lost anchors Walmart and Sears, which together occupied about a third of the mall’s total space. Its Macy’s department store and IHOP restaurant were not included in the sale. The deal done at the dawn of an expected recession reflects both the declining fortunes of many conventional shopping centers and the potential for growth in an economically ascending part of the city. An underground light rail stop is set to open next year at Crenshaw and Martin Luther
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News
- Macy's (NYSE:M) had its "neutral" rating reaffirmed by analysts at The Goldman Sachs Group, Inc..MarketBeat
- Macy's (NYSE:M) had its "cautious" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Macy's (NYSE:M) had its price target raised by analysts at Morgan Stanley from $20.00 to $21.00. They now have an "equal weight" rating on the stock.MarketBeat
- Macy's Posts Earnings Beat, but Consumers Are ‘Choiceful' Heading Into Holiday [Yahoo! Finance]Yahoo! Finance
- Macy's (NYSE:M) had its "positive" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
M
Earnings
- 12/3/25 - Beat
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Sec Filings
- 12/3/25 - Form 8-K/A
- 12/3/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- M's page on the SEC website