December 24, 2010 |
Magic Johnson Theaters was a blockbuster business story in the mid-1990s, the feel-good saga of a plucky underdog's climb to the top of the heap. Since Johnson and his partner sold their ownership stake in 2004, time and circumstances have been less than kind to the cineplex at Baldwin Hills Crenshaw Plaza. But new owners for the mall and new operators for the theaters have big plans to rejuvenate the venture. The undisputed success ? considered improbable by many at the time ?
November 9, 2010 |
The former Magic Johnson Theaters at Baldwin Hills Crenshaw Plaza will be taken over by upscale theater operator Rave Motion Pictures. Dallas-based Rave will manage the 15-screen multiplex in the South Los Angeles mall after a $10-million renovation of the complex is completed in May, owners of the mall said Monday. In Los Angeles, Rave currently operates the Rave 18 at the Howard Hughes Center (which was formerly known as the Bridge). Rave, founded in 1999, owns or manages 61 theaters with about 1,000 screens in 20 states.
May 14, 2010 |
Long-awaited work to modernize Baldwin Hills Crenshaw Plaza in South Los Angeles and jettison its static 1980s vibe will begin by the end of the year, the mall's owners said Thursday. First up is a $30-million major upgrade, which owners Capri Capital Partners unveiled to community leaders Thursday. The overhaul will be followed by a more ambitious development program intended to add housing, a hotel and an office building. Tree-lined sidewalks would link the 43-acre property with a new light-rail station that the city is building.
CALIFORNIA | LOCAL
September 2, 2009 |
Crenshaw Boulevard has long been known as main street for southwest Los Angeles, home to religious institutions and block after block of shops, including the landmark Baldwin Hills Crenshaw Plaza shopping mall. The car has always been king on Crenshaw -- so much so that police over the years have cracked down on weekend cruising that many consider a rite of passage. But now, city officials want to make Crenshaw more pedestrian friendly as well, and in the process draw more customers to the boulevard.
February 2, 2006 |
Baldwin Hills Crenshaw Plaza, a shopping mainstay of South Los Angeles that has seen its share of ups and downs across six decades, has been sold for $136 million to a Chicago real estate investor that plans to improve and expand it. Capri Capital Advisors on Wednesday said it acquired the 860,000-square-foot mall at the corner of Martin Luther King Jr. and Crenshaw boulevards from Hager Pacific Properties, an Encino investment firm. The price is twice what Hager paid for the property in 2003.
April 2, 2004 |
It's 8:30 on a weekday morning at the Wal-Mart in the Baldwin Hills Crenshaw Plaza, and the lawn and patio furniture department is crowded. No big sale is going on, just the usual discount prices, yet women and men are cheering. "Everywhere we go, people want to know, who we are, so we tell them," they singsong loudly in unison, sounding like a pep rally at a black college basketball game. "We are the Wal-Mart, mighty, mighty Wal-Mart ..." Mighty, indeed.