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California  + Bay Area  + Retail  | 

Sares Regis, Hunter Storm JV Snags Sunnyvale Macy’s

Connect Bay Area is coming up May 17th. Here is where to get more information and register.

CityLine Sunnyvale acquired the 177,000-square-foot Macy’s building in downtown Sunnyvale, CA from Sand Hill Properties. The purchase by STC Venture, LLC, a joint venture between affiliates of Hunter Storm and Sares Regis Group of Northern California (SRGNC), is a major step in bringing ownership of a key area in the multi-phase CityLine Sunnyvale project under one roof.

STC Venture envisions creating a 36-acre master-planned, cohesive, pedestrian-oriented, mixed-use district. The six-block redevelopment will feature new residences, shopping, entertainment options, and office space.

SRGNC’s David Hopkins says, “This acquisition gives us more options to develop a well-coordinated, coherent plan to build upon Murphy Avenue, and provide a wonderful, active environment for current and future retail owners, residents, and office tenants.”

CityLine Sunnyvale was acquired by STC Venture in late 2015.

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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.

  • ◦Development
  • ◦Sale/Acquisition