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California  + Los Angeles  + Retail  | 

Goldman Sachs Grabs Santa Monica Ocean Avenue Land for $65M

Goldman Sachs acquired a ground leased land fee position at 1733 Ocean Avenue in Santa Monica, CA for $65 million. The land encompasses an 0.79-acre prime oceanfront site in a market where office rental rates and land prices have been skyrocketing due to the location and influx of technology, entertainment, and business tenants.

Madison Partners’ Bob Safai arranged the deal on behalf of the seller, Starpoint Properties. The site houses a four-story, more than 95,000-square-foot, mixed-use office building developed by Maguire Partners in 2004.

The sale of the property represents a generational opportunity to acquire a critical‐mass land site in one of the most desirable communities in SoCal. With a coveted Silicon Beach location just 1.5 blocks from the ocean, 1733 Ocean Avenue is within walking distance of some of SoCal’s best restaurants, shopping, hotels, recreation, and entertainment options.

Connect Los Angeles is set for March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information and register on this link.

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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