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California  + Los Angeles  + Retail  | 

Hakim Family Claims Beverly Hills Golden Triangle MXU

The Hakim Family, led by Sam Hakim, acquired a mixed-use property in Beverly Hills for $36.2 million, or roughly $1,216-per-square-foot. The seller was Sakioka Farms, which had owned the building in the heart of the Golden Triangle for more than 70 years.

Located at 139 S. Beverly Dr., the three-story building totals 29,735 rentable square feet and includes a rare surface parking area. The property includes prime, high-street retail space on the ground floor with two floors of office space above it. The majority of the office component is comprised of short-term leases.

Newmark’s Kevin Shannon, Rob Hannan, Ken White, Laura Stumm and Michael Moll represented the seller. Newmark’s Private Capital group, led by Sean Fulp, also assisted in the sale as did Newmark retail expert, Jay Luchs. The buyer was self-represented.

Shannon says, “This is yet another example of private capital with a long-term horizon, buying an extremely well-located asset, despite the current uncertainty.”

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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
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