California CRE News In Your Inbox.

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

Sub Markets

Property Sectors

Topics

California  + Office  | 

Rising Realty Partners Signs L.A. Care to 370K-SF DTLA Deal

Rising Realty Partners signed a 370,000-square-foot office lease with L.A. Care Health Plan at 1200 West 7th St. in DTLA, in what ranks as one of 2019’s biggest deals. The largest publicly-operated health plan in the country currently leases space at the 386,000-square-foot building, but the majority of its 2,000 employees are housed a few blocks away.

Rising’s Christopher Rising says, “The L.A. Care team members who currently work at 1200 West 7th Street are wonderful people, and we could not be more pleased that L.A. Care is consolidating its office space within our building.”

L.A. Care’s John Baackes says, “By consolidating all of our employees under one roof, we will see significant cost savings and improve collaboration. The 1200 building has a much more user-friendly floorplan that will let us operate in 63,000 fewer square feet and that will result in millions of dollars in savings each year.”

CBRE’s Clay Hammerstein represented the tenant. JLL’s John McAniff advised the landlord. The new lease will commence in 2024.


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Rising Realty Partners’ RisingConnect With CBRE’s HammersteinConnect With JLL’s McAniffConnect With L.A. Care’s Baackes

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.

  • ◦Lease
Chase-08-cube
New call-to-action
LeeAssociates-21-cube
Chase-08-cube