Metro Center

655 S Hope St, Los Angeles, CA 90071, USA

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When CIM acquired 655 Hope Street, a 17-story office building located at the corner of 7th and Hope Streets in the financial district of downtown Los Angeles, the building was underperforming. Its upper floor office space was only 26% occupied, and its 6,300 square feet of retail space was vacant.

CIM sold Metro Center in 2006.



Investment Highlights
  • Within walking distance of Macy's Plaza and downtown L.A.'s only full-service supermarket
  • Access to the 7th St. Metro Rail station and the 110 (Harbor) & 10 (Santa Monica/San Bernardino) Freeways
  • Near STAPLES Center and the L.A. Live entertainment campus
CIM views urban investing as a discipline rather than a market niche or a trend.