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California  + Los Angeles  + Office  | 

LaSalle Acquires Three Westside Assets for $168M

Chicago-based LaSalle Investment Management acquired three Westside office assets for a reported $168 million. Two of the buildings are located in Playa Vista, and the other is in Malibu.

The properties, which total roughly 205,000 square feet, were sold by a venture between Pacshore Partners, Philip Orosco’s WLA real estate firm, and the Canyon Catalyst Fund, CalPERS’ real estate emerging manager program managed by Canyon Partners Real Estate.

The PV buildings are located at 5340 Alla Rd. and 12901 Jefferson Blvd., and are stabilized, fully-renovated, creative offices. The Malibu asset is a 35,000-square-foot boutique office building located at 22619 PCH, overlooking Carbon Beach.

CBRE’s Sean Sullivan, Todd Tydlaska and Michael Longo arranged the sale, and Brad Zampa secured the financing for the buyer, which purchased the properties on behalf of a pension fund client.

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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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