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California  + Orange County  | 

Shopoff Sells Newport Beach Land for $26M, Lux Condo Development Planned

Irvine-based Shopoff Realty Investments sold a 0.95-acre lot within its Uptown Newport master development for $26.26 million. USA Infrastructure Investments acquired the site on Jamboree Road in Newport Beach and plans to develop a 66-unit luxury condominium project.

Shopoff Realty Investments’ William Shopoff says, “With approved entitlements in place, this site will provide USAI an ideal starting point for a residential development. In fact, the Uptown Newport master development has already seen great success in its for-rent residential development, One Uptown, and with proper execution, we anticipate subsequent housing developments will realize the same positive result.”

The project will feature six stories with units that will average 2,200 square feet. Community amenities include a fitness center, resort-style pool, underground parking, a state-of-the-art air management system, and it is designed to be 2020 Green Building Standards Code compliant.

Shopoff’s Brian Rupp adds, “We’re pleased to see this land go to a developer that understands the vision behind this master development.”

For comments, questions or concerns, please contact Dennis Kaiser

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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.

  • ◦Development
  • ◦Sale/Acquisition
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