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California  + Los Angeles  + Retail  | 

Paragon Targets Up to $500M in California Retail Acquisitions

El Segundo, CA-based Paragon Commercial Group, LLC is targeting up to $500 million in retail property acquisitions in California within the next 18 months. Roughly $300 million will be devoted towards acquiring retail assets within Northern California, while the remaining targets are SoCal properties.

Paragon’s Jim Dillavou says, “We formed Paragon 10 years ago—during the bleakest time for real estate investment—to acquire retail assets when no one else wanted them. The counterintuitive investment strategy worked well. We are now at a similar point in the retail world where the market has softened and—once again—created great investment opportunities in our sector. Our experience transforming and revitalizing dozens of properties in California tells us that now is a great the time to buy.”

Dillavou notes the company seeks underperforming retail properties that it can redevelop, reposition, and re-tenant to reflect the new realities of the retail world. The acquisition target represents one of the most ambitious by a retail company during this cycle.

*Pictured Escondido Valley Center

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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