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California  + San Diego  | 

Little Italy Site Acquired for $15M

Union and Ash, a 27,611-square-foot site in San Diego’s Little Italy, was acquired for $15.2 million. A preliminary study suggested that a 260-unit multifamily tower could be built on the site.

Two separate transactions made up the sale. One involved the purchase of 210 West Ash St., and 1400 and 1430 Front St. for $6.9 million. The properties had been owned by B B Ash Street Associates since the 1970s. Additionally, the $8.3-million purchase of 232 West Ash St. involved Wells Fargo Bank, as trustee for Ames Trusts and Ash Street LLC, which owned the property since the 1920s.

The site currently holds a parking lot and three single-story office buildings occupied by Aladdin Bail Bonds and the San Diego County Office of Education.

CityWest Advisors’ Jim Hamilton represented the undisclosed buyer, which plans to entitle the site. NAI San Diego’s Doug Ceresia, Josh Buchholz and Matt Midura represented the sellers.

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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.

  • ◦Development
  • ◦Sale/Acquisition
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