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California  + Orange County  + Retail  | 

Laguna Beach Retail Portfolio Trades for $33M

4G Ventures, a local real estate investor, acquired a five-property retail portfolio in Laguna Beach, CA from an undisclosed private seller for $32.9-million.

The portfolio includes an eight-unit oceanfront luxury vacation rental property called Sunset Cove Villas, located at 683 Sleepy Hollow Lane, a mixed-use housing property at 775-793 Laguna Canyon, the Seven-Degrees event center at 891 Laguna Canyon (pictured), a mixed-use apartment and storefront retail property at 689 South Coast Highway, and a residential lot located at 615 Griffith Way.

CBRE’s Nathan Holthouser represented the buyer, as well as the selling partnership, along with Hom Sotheby’s International Realty’s Brad and Sara Hinman, and Coldwell Banker Commercial’s Jim Batlle.

Holthouser says, “This portfolio consisted of complex and unique properties that required both residential and commercial expertise.” He notes, the well-qualified, 1031-exchange buyer understood the intrinsic long-term value of the portfolio.

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Connect With CBRE’s HolthouserConnect With Hom Sotheby’s Brad HinmanConnect With Coldwell Banker Commercial’s Batlle

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