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California  + Los Angeles  + Retail  | 

WeHo Retail Building Claimed by L.A. Development Firm for Nearly $23M

A Los Angeles-based real estate development firm purchased a 30,146 square-foot development site in the West Hollywood area for $22.5 million. CBRE’s Matthew Greenberg, Alex Kozakov and Pat Wade represented the seller, a private family that had owned the asset for decades. CBRE’s Chris Tresp represented the buyer.

Located at the intersection of Santa Monica Boulevard and La Cienega Boulevard, the 30,146-square-foot property consist of one of the most recognizable corners in all of Los Angeles. The asset is currently comprised of three commercial structures on several parcels located in both the City of Los Angeles as well as West Hollywood.

The site’s zoning allows for an array of future projects, ranging from mixed-use multifamily to hotel and commercial uses benefiting from TOC density bonuses.

Kozakov says, “This asset is one of the last remaining properties with significant scale on a prolific corner in Los Angeles. Both the size and location of the site make this acquisition a truly rare and desirable opportunity to reposition the property into a destination that will attract both tourists and locals alike.”

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.

  • ◦Sale/Acquisition
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