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California  + Orange County  + Office  | 

Tribune, Kearny Divest “The Press” to SteelWave for $65M

Tribune Real Estate Holdings and Los Angeles-based Kearny Real Estate sold The Press, a 24-acre property in Costa Mesa, CA to a joint venture that includes Foster City, CA-based SteelWave, LLC for roughly $65 million. Until its closing in 2010, the 300,000-square-foot building was used by the Los Angeles Times and three of its community newspapers as a printing plant, distribution facility and office.

Subsequently, Kearny Real Estate worked with the city of Costa Mesa on a $100-million adaptive-reuse plan to re-entitle and redevelop the commercial real estate property at 1350 South Coast Dr. into a creative work environment. The 50-foot tall steel frame building features high-volume tenant spaces with tiered mezzanine levels. The plan also includes more than three acres of outdoor amenities, and a 20,000-square-foot raised patio.

Cushman Wakefield’s Rick Kaplan and Rob Lambert represented the sellers.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Kearny’s Jeff DritleyConnect With SteelWaveConnect With Cushman Wakefield’s Kaplan

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
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