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Stock impact report

CMCT Completes Office to Residential Conversion Bringing 68 Luxury Apartments Above Existing Ground Floor Office Space to Los Angeles

Creative Media & Community Trust Corporation (CMCT) 
Last creative media & community trust corporation earnings: 3/16 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.cimcommercial.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that it has completed the conversion of the top two floors of a three-story, approximately 143,000-square-foot office building, at 4750 Wilshire Blvd., into 68 luxury apartment residences in the prominent Brookside neighborhood within the Park Mile Specific Plan of Los Angeles. Leasing at the property has commenced.Retaining approximately 30,000 square feet of ground floor creative office space, which is 100 percent leased as-of September 2024, creates a stacked mixed-use office and residential environment. The office space will maintain the address of 4750 Wilshire Blvd. while the apartments will have the address of 701 S. Hudson Ave.The beautifully appointed and spacious apartments at 701 Hudson are configured as studio, one- and two-bedroom floorplans with many residences offering a den that can function as a home office or additional living space. With 10-foot ceilings and a substantial window lin Show less Read more
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