High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Inland Empire  | 

Ontario Acquires Prime Site

The City of Ontario, CA acquired a 64,000-square-foot retail property in downtown Ontario from a private New York-based investor for $3.2 million. Occupying nearly a full city block at 404-426 N. Euclid Ave., the 62%-leased asset represents a rare value-added opportunity to reposition the 1960s-era property as a more modern and efficient development.

Progressive Real Estate Partners’ Frank Vora, Mike Lin and Pablo Velasco exclusively marketed the property, and represented the unnamed seller. Progressive’s Paul Galmarini advised the buyer in an all-cash transaction.

“The prominent downtown location was extremely attractive to the City of Ontario, as it relates to their master-plan for the area,” Vora said. “The acquisition gives them the opportunity to work with a developer to reposition the property to reflect their overall vision for the Downtown area that includes a mix of retail and residential uses.”

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Progressive’s VoraConnect With Progressive’s Galmarini

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
New call-to-action
New call-to-action
New call-to-action