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Downtown Long Beach Creative Office Sold for $61M

The Hubb, a 210,428-square-foot premier creative office property situated on a full city block in downtown Long Beach, CA, has sold for $60.5 million. The buyer was Redwood Partners, while the seller was a joint venture between Singerman Real Estate and Ocean West Capital Partners.

Located at 100 West Broadway, the recently-renovated, mid-rise campus is situated on just over two acres of land at Pine Avenue and West Broadway. Originally built in 1986, the six-story property includes an East Tower and a West Tower. The building underwent a $12 million comprehensive capital improvement program that was completed in 2017, which included the addition of high and exposed ceilings, operable windows, polished concrete floors, and full height glass lines.

The buyer in a 1031 exchange was represented by Madison Partners’ Bob Safai. NKF’s Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll represented the seller.

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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.

  • ◦Sale/Acquisition