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California  + San Diego  + Office  | 

Westcore’s 2015 Activity Tops $1.25B

Westcore Properties completed more than $1.25-billion in transaction volume last year. The San Diego-based CRE investment firm reported it acquired 3.7-million square feet of institutional-quality industrial buildings, and 700,000 square feet of office buildings, in the Western United States for $555-million.

Westcore also generated more than $700-million in disposition activity, including the sale of a 3.2-million-square-foot industrial portfolio. The divestments included “non-core assets or opportunities to capture investment return opportunities.

Highlights of 2015 transaction activity:

  • $179.8-million sale of 24-story office tower in Oakland
  • $69.4-million acquisition of eight-building industrial portfolio in Southern California
  • $25.5-million acquisition of industrial facility in Ontario
  • $52.7-million acquisition of office property and data center in Silicon Valley

The firm is seeking to acquire up to $1 billion in industrial and office properties this year.

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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.

  • ◦Sale/Acquisition
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