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California  + Bay Area  + Retail  | 

Carmel Closes $1B Fund, Invests in 40-Story Oakland Tower

Connect Silicon Valley is coming up February 1st! See the agenda and register today.

San Francisco-based Carmel Partners raised $1.025-billion for its Fund VI. With the closing of the U.S. multifamily real estate value creation fund, the investment management firm has successfully raised $4.2 billion since inception of the fund series in 2004.

The fund’s first investment is a proposed 40-story, mixed-use development in downtown Oakland, slated to include 630 residential units. Plans, currently undergoing city design review, include a seven-story podium base and 16,000 square feet of ground-level retail on a full block-sized site, located at 1314 Franklin, near BART and public transit options.

The developer is working with the city to redesign the building to more closely reflect adjacent buildings, provide more visual breaks in the massing of the podium, and incorporate building-top elements that reflect the towers’ prominence on the skyline.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at Business WireConnect With Carmel PartnersConnect With City of Oakland Planning

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.

  • ◦Development
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