High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Retail  | 

JV Buys 9200 Wilshire MXU Development Site for $130M

Connect Apartments is planned next month in Los Angeles. You can get more information and register to attend on this link.

A joint venture led by SHVO, Bilgili Group and Deutsche Finance acquired 9200 Wilshire Boulevard, a fully- entitled residential and retail development site adjacent to the prestigious Beverly Hills Golden Triangle. The group purchased the site for $130 million from New Pacific Realty Corp.

The 307,397-square-foot approved project will feature 54 luxury residences in a sleek, mid-rise structure. The seven-story building will showcase a striking glass exterior and a suite of exclusive amenities, including a rooftop pool with sprawling vistas of the cityscape below. The building will also include approximately 6,650 feet of retail space wrapping a central courtyard fronting Wilshire.

SHVO’s Michael Shvo says, “Our new residential concept will offer the highest quality of living and amenities, providing extreme value for those seeking something truly extraordinary in Beverly Hills.”

Lotus Capital Partners arranged a $51-million acquisition loan from California-based Acore Capital.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With SHVO’s ShvoConnect With New Pacific Realty Corp.Connect With Lotus Capital Partners

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.

  • ◦Development
  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action