CIM Group announced the acquisition of multiple parcels totaling 1.6 acres, at a high-profile location on and around 1000 N. La Brea Avenue which has been home to an operating cement plant for the past approximately 60 years. The property is located within the cities of West Hollywood and Los Angeles with the cement plant spanning in each city. CEMEX, operator of the cement plant, will continue operating while future development plans for the site are progressed.