These investment highlights showcase CIM's unique qualification process for identifying urban communities for investment, its track record of working with communities, governments and other stakeholders, as well as its ability to utilize its broad array of expertise.
During the 1990s after years of steady decline in Hollywood, the Los Angeles Community Redevelopment Agency invested in improvements to public transportation and property owners formed a Business Improvement District (BID). CIM began its more than 16 years of investing in the Hollywood community, and utilized the 1999 adaptive reuse ordinance that incentivized revitalization efforts and encouraged the redevelopment of existing buildings in the area.
Oakland was facing some major economic challenges during the 1980s and 1990s when a number of companies relocated out of the downtown area and several major plants closed. In response, the city launched a large-scale initiative to increase downtown residential options, and in 2006, the City invested $54.2 million in new projects, which served as a catalyst for redevelopment. Shortly after, CIM began its involvement in the community.