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California  + Los Angeles  + Retail  | 

Ratkovich Out at DTLA’s The Bloc MXU Redev

The Ratkovich Company (TRC) divested its interest in The Bloc in Downtown Los Angeles to one of its equity partners, Washington, DC-based National Real Estate Advisors, LLC, for an undisclosed amount. The 1.8-million-square-foot, mixed-use property occupies a full city block at 7th and Flower Streets, and is in the final phases of a more than $250-million redevelopment and lease-up.

TRC and National acquired the former Macy’s Plaza property in 2013 for $241 million, and jointly transformed the property. The mixed-use project includes the Sheraton Grand Los Angeles Hotel, a 33-story Class A office building, Macy’s Los Angeles flagship store, as well as a mix of curated stores and restaurants, including the highly-anticipated Alamo Drafthouse Cinema.

TRC’s Wayne Ratkovich says, “Now that the majority of The Bloc’s critical construction components are completed, it is the appropriate time for the firm to focus on the San Pedro Public Market and The Alhambra.”

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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.

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