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California  + Los Angeles  + Office  | 

Larchmont Village Jewel Box Sale Sets Record

A modern three-story “jewel box” office building in the heart of tony Larchmont Village near the upscale Los Angeles neighborhood of Hancock Park sold for a record $10.05 million. The architecturally-striking building is located at 320 N. Larchmont Blvd. The sale price set a high-water mark for the Hollywood, Silver Lake, and West Hollywood office submarkets for the last 12 months for an office building up to 20,000 square feet in size.

The buyer was an unnamed local investment partnership. The property was built and owned by two generations of the Cerrell family, and occupied since 1989 by Cerrell Associates Inc., a public relations firm. The company will continue to occupy a portion of the building as part of a short-term sale-leaseback agreement.

Colliers International’s Nathan Pellow, Michael Weiner and Nick Nybakken, negotiated a “top-of-market” price of $810-per-square-foot for the 12,400-square-foot building.

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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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