California + Los Angeles + Retail | January 24, 2019

DTLA’s Historic Herald Examiner Building Snags $56M for Redevelopment

New York-based The Georgetown Company secured $56.4 million in bridge financing for the redevelopment and renovation of the Herald Examiner Building, a roughly 100,000-square-foot historic building in DTLA. Loan proceeds will be used to fund the renovation and restoration of this iconic property to its former grandeur, which includes redeveloping the existing structure into creative office, retail and restaurant space, while maintaining the building’s historic features.

HFF’s Todd Sugimoto, Jeff Sause and Spencer Richley worked on behalf of the developer to arrange a bridge loan from J.P. Morgan.

Arizona State University is set to open a Downtown Los Angeles campus in the building, while celebrated restaurateurs Walter and Margarita Manzke of République will unveil a new ground-floor restaurant.

Originally completed in 1914, the Herald Examiner building at 1111 South Broadway was designed by Julia Morgan, California’s first registered female architect, for William Randolph Hearst to serve as the headquarters for the Los Angeles Examiner.

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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.