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California  + Orange County  + Office  | 

Bascom, Harbor JV Picks Up Pair of SoCal Assets

Irvine, CA-based The Bascom Group and joint-venture partner, Harbor Associates, acquired two office buildings in Los Angeles and San Diego in separate transactions totaling $37.4 million.

The larger of the two acquisitions was a 75,000-square-foot office building at 4130 Cahuenga Blvd. in Los Angeles’s Toluca Lake submarket, that was purchased for $21.7 million. NKF’s Sean Fulp represented the unnamed seller. Brian Halpern and Alex Kane of JLL arranged the financing with Ready Capital Structured Finance.

Additionally, a 39,000-square-foot, two-story office building at 2010 Jimmy Durante Blvd. in Del Mar was acquired for $15.7 million. Cushman and Wakefield’s Joe Anderson represented the undisclosed seller.

The acquisitions are part of a planned $500-million asset investment program between Harbor and Bascom across the Western U.S. in the coming two years. Over the last three years, they’ve invested more than $250 million in a portfolio of 18 office buildings in SoCal and Colorado totaling 1.2 million square feet.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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