California | November 29, 2016

3 CRE Q&A: Westside’s Strong Luxury Residential Appeal

By Dennis Kaiser

Connect Westside LA is coming up on December 13^th. For more information and to register for the conference click here.

Four panels are planned on trends shaping the market. Wanda Beverly Hills Properties’ Rohan a’Beckett will share insights on the state of the luxury residential market and how it impacts the CRE sector. Wanda Group is developing One Beverly Hills, one of the most anticipated luxury projects on the Westside.

Q: Describe the state of the L.A. luxury residential market.

A: The LA luxury market is very clearly segmented between single family homes and luxury condos. Our development will provide a unique condo offering to the market, on a size, scale, quality that has never been seen in such a prominent Beverly Hills location. We continue to see strong demand for this type of offering, and very limited new supply.

Q: How does the Westside LA luxury residential market compare to others?

A: West LA is extremely desirable, especially Beverly Hills. This location has appeal locally, domestically, and has strong appeal to the international buyer. LA is witnessing some regenerative luxury condo developments in other part of the City, but West LA and Beverly Hills have been quite supply constrained. We anticipate strong levels of pent-up demand for this product type once it reaches the market.

Q: What are the most interesting trends you are seeing emerge in L.A.’s luxury residential sector?

A: Newer condo developments are well amenitized, and we have seen strong performance in other high profile international cities of luxury condo developments that contain a hotel component within the development. This can allow for an even greater level of service and amenities. This has proven popular in Beverly Hills already, and we look forward to filling this market need in the years to come.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Wanda Beverly Hills Properties’ a’Beckett

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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