THE STATE: REAL ESTATE

A year after announcing redevelopment plans, the owners of aging Hawthorne Plaza are shuttering the 633,000-square-foot shopping center and selling the property to an undisclosed buyer. The 22-year-old mall lost anchor stores Macy’s, Montgomery Ward and JCPenney in recent years because of plummeting sales and retail industry mergers and bankruptcies. The El Segundo Boulevard mall is owned by a partnership between community activist Danny Bakewell and San Diego developer DDR Oliver McMillan Co. Bakewell’s plan, announced last year, to turn the mall into an open-air center never came to fruition.