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Ofrigin Investments is targeting ground-up development with its latest fund

Measure S Soundly Defeated in LA

Measure S, the Los Angeles proposition aimed at slowing growth and development, was overwhelmingly defeated by voters. Nearly 69% of voters in the city rejected it.

The measure would have placed a two-year moratorium on all major commercial and multifamily projects that required zone changes, height district changes, or general plan amendments. It would have reduced the city’s ability to change planning rules for a single development, as well as requiring more frequent updates to the general plan’s 35 community plans.

Opponents said the measure would have unleashed a series of long-term consequences detrimental to the city, ultimately worsening the city’s housing crisis and stifling economic development.

Cox, Castle & Nicholson’s David Waite said, “If the measure passed, the ability to develop both market-rate and affordable housing projects would be severely limited,” noting that large-scale residential and mixed-use projects “would have been delayed or even halted entirely.”

Read more at KPCC

Connect With Cox, Castle & Nicholson’s Waite

Connect With LA Vote election results

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Inside The Story

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.

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