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California  + Office  | 

CBRE Global Investors Acquires Univision TV Building for $102M

An affiliate of Los Angeles-based CBRE Global Investors acquired a 174,084-square-foot building on L.A.’s Westside from Univision Television Group Inc. for $102 million. The Spanish-language broadcaster executed a nearly 104,500-square-foot sale lease-back to remain at the property until 2026.

CBRE Global Investors’ Gardner Ellner says “we’re able to get back” roughly 70,000 square feet of space that’s “never seen the market, ever” since the building was constructed in 2000 as a build-to-suit for Univision.

Univision was viewed as a “great, long-term partner” that occupies “mission-critical space.” CBRE GI likes having an influential national news organization that reaches a large and increasing demographic as a tenant.

The new owner plans capital improvements in the lobby and exterior spaces designed to create a more efficient, collaborative and engaging office environment. Among the ideas being explored at the 3.86-acre site include a glass-walled lounge overlooking the 405 freeway, fire pits, and a bocce ball pit.

HFF’s Ryan Gallagher and Andrew Harper represented the seller in the transaction. The buyer was self-represented.

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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
  • ◦Lease
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