PCCP Provides Acquisition Financing for Las Vegas Asset

PCCP, LLC provided a $25 million senior loan to Odyssey Real Estate Capital for the acquisition and repositioning of City Center West in Las Vegas. The two-building, Class A office campus totals 213,187 square feet and is nearly 50% occupied.

Located at 7201 and 7251 West Lake Mead Blvd., the five-story City Center West buildings are situated on just over 11 acres and were built in 1997.

PCCP’s Mike Johnson says, “PCCP’s loan will provide much needed capital for renovations and leasing as part of a value-add business plan. Odyssey is a strong borrower with local expertise. The Las Vegas office market continues to strengthen and we believe this asset, once repositioned, will be attractive to local office users.”

The improvement plan includes investing nearly $5 million in capital for common area renovations, building out spec suites, and providing market level tenant improvements.

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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PCCP Provides Acquisition Financing for Las Vegas Asset

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PCCP Provides Acquisition Financing for Las Vegas Asset

Inside The Story

About Dennis Kaiser