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Onni Acquires Dev Site in DTLA Arts District

Vancouver, Canada-based Onni Group acquired a 38,266-square-foot development site in DTLA’s Arts District from Core Development Group for reportedly more than $10 million in an off-market transaction. Onni has yet to disclose specific plans for the property at 2143 Violet.

The acquisition was fueled by recently completed deals in the area, including the Warner Music lease at Shorenstein Properties’ Ford Factory, and New York investor Tishman Speyer’s Hyperloop Campus sale.

CBRE’s Brandon Gill, Brandon Burns and Jae Yoo represented Core Development in their original acquisition of the site in April 2014, and in this sale to Onni.

Yoo says, “Core has great foresight. Two years ago, anything south of 7th Street was considered an ‘unproven’ area, but they were a step ahead of the market and wanted to capitalize on what is now considered to be the trendiest strip of the Arts District.”

For comments, questions or concerns, please contact Dennis Kaiser


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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
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