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California  + Inland Empire  + Office  | 

Avison Young Executes $27M 1031 Exchange Involving Multiple SoCal Assets

Avison Young negotiated a strategic 1031 exchange of four properties with a total transaction value of $26.9 million. The complex process involved the sale of a three-property, multifamily/mobile-home portfolio that included 66 apartment units and 171 mobile-home spaces in SoCal.

The exchange buyer then traded into Madison Avenue Plaza, a 70,749-square-foot office property at 27270 and 27290 Madison Ave. in Temecula, CA, for $15.1 million.

Avison Young’s Peter Hauser, Matt Hauser and Masa Ito represented the San Diego-based private investor seller of the portfolio.

Avison Young’s Matt Shaw, Corey Martin, and Stan Nowak represented the seller of Madison Plaza, an affiliate of Encinitas, CA-based Providence Capital Group Inc., as well as the buyer in the upleg of the 1031 exchange.

Peter Hauser says, “The private-investor client had identified Madison Avenue Plaza as a desired upleg, and was looking to sell its management-intensive multifamily assets and trade into a single, stabilized investment property.”

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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