Charles Dunn Company - Your Real Estate is Our Business...Since 1921.

:: 2004
:: – December
:: – November
:: – October
:: – September
:: – August
:: – July
:: – June
:: – May
:: – April
:: – March
:: – February
:: – January

2003 News
2005 News

In The News

CHARLES DUNN COMPANY COMPLETES $3.2 MILLION LAND TRANSACTION IN VICTORVILLE

VICTORVILLE, Calif./NEWPORT BEACH, Calif.–December 1, 2004–The Newport Beach office of Charles Dunn Company, a full-service commercial real estate firm, recently sold 60 acres of vacant land for approximately $3.2 million to Victoria Homes Inc. The land is located near Nyack Road and Baldy Mesa Road in Victorville, Calif.

The buyer, Victoria Homes Inc, was represented by William Hugron, CCIM, SIOR, managing director, Jason Keller, associate and Tyler Kropf, associate in Charles Dunn’s Newport Beach office. The seller, MJJ Investment Co., represented itself.

“This 60-acre parcel of land is in the process of being entitled for 256 lots which will be developed into single-family homes,” said Keller. “Victoria Homes will break ground on the project this winter.”

CHARLES DUNN COMPANY SELLS STUDIO CITY OFFICE BUILDING FOR $1.3 MILLION

STUDIO CITY, Calif.—December 8, 2004—The Studio City office of Charles Dunn Company, a full-service commercial real estate firm, has sold a 4,370 SF office building for approximately $1.3 million. Built in 1989, the building is located at 12429 Ventura Court in Studio City, Calif.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented the seller, Medicini Performing Arts. The buyer, Newport, LLC, was represented by Danielle Hoston of Marcus & Millichap. “The buyer selected this property, which was previously occupied by celebrity photographer Norman Seefe, due to its unique architectural structure,” said Vierheilig-Fraser.

CHARLES DUNN COMPANY COMPLETES $4.8 MILLION SALE ON BEHALF OF CENTURY NATIONAL PROPERTIES INC.

LOS ANGELES/LAKEWOOD, Calif.—December 10, 2004 - Charles Dunn Company, a full-service commercial real estate firm, has sold a 12,000 SF retail building for approximately $4.8 million located at 4909 Paramount Blvd. in Lakewood, Calif.

Michel Hibbert, managing director of Charles Dunn’s West Los Angeles office represented the buyer, Century National Properties Inc. Chris Tramontano and Tanel Harunzade of Charles Dunn’s Retail Services Group in West Los Angeles, represented the seller, Grae Paramount, LLC.

CHARLES DUNN COMPANY CLOSES $2.4 MILLION LEASE TRANSACTION

CALABASAS, Calif.—December 13, 2004—Charles Dunn Company, a full-service commercial real estate firm, has completed a 5-year, 27,000 SF lease transaction for approximately $2.4 million on behalf of iPayment, Inc. The office space is located at 26707 West Agoura Road in Calabasas, Calif.

Joe Faulkner, executive managing director in Charles Dunn’s downtown Los Angeles office, and Darren Hamilton, managing director in Charles Dunn’s Seal Beach office, represented the tenant, iPayment, Inc. The landlord, Malibu Canyon Business Park, represented itself.

“The search for iPayment involved all of the west San Fernando Valley, including Simi Valley,” said Faulkner. “The relocation was done to accommodate the tenant’s rapid growth and to capitalize on city tax structures that do not have a gross receipts tax component.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR VALLEY MACK SHOPPING CENTER

SACRAMENTO, Calif.—December 16, 2004—Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of a 27,399 SF building in the Valley Mack Shopping Center located at 6300 Mack in Sacramento, Calif.

The shopping center’s major tenants include McDonald’s, Round Table Pizza, Payless Shoes and anchored by Food Source. The owner, Ennis Commercial Properties, LLC based in Porterville, Calif., is an existing Charles Dunn client. “Ennis Commercial Properties hired Charles Dunn to manage this building due to our superior management service he has received over the years by our Sacramento team,” said Bonnie Kimbrough, regional vice president of Charles Dunn’s Sacramento office.

Patricia Gordon, property manager, in Charles Dunn’s Sacramento office, will be responsible for day-to-day managerial duties of the building.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR SAN DIEGO INDUSTRIAL COMPLEX

SAN DIEGO—November 1, 2004—Charles Dunn Company, a full-service commercial real estate and property management firm, has assumed management of Morena Knoxville Industrial Complex, a 35,000 SF industrial park located at 1455-1457 West Morena Blvd. and 1244 Knoxville St. in San Diego, Calif. Major tenants include the Mission Valley YMCA Gym Center.

Enza Morero, property manager in the San Diego office of Charles Dunn’s Real Estate Management Services, will be responsible for managing the property.

“Our goal is to renovate the property to accommodate tenants in the marine and boating industries,” said Bob Hitchcock, regional vice president at Charles Dunn’s San Diego office. “Currently the property is at 100% occupancy, with a variety of businesses including a clothing distributor, an educational book distributor, private bus rentals and a boat engine repair.”
Morena Knoxville Industrial Complex is located less than one mile from the beach and local boating communities; the property also offers secured boat storage.

CHARLES DUNN COMPANY HONORED BY MARSHALL SCHOOL OF BUSINESS AND LOS ANGELES BUSINESS JOURNAL

Los Angeles, Calif.— Charles Dunn Company, a full-service commercial real estate and management firm, recently received the President’s Award by the Los Angeles Business Journal at the 2004 Family-Owned Business Awards this month. Sponsored by the University of Southern California’s Marshall School of Business, the Family-Owned Business Awards celebrates family-owned companies based in Los Angeles and Orange County.

Patrick Conn, president of property management services for the Charles Dunn Company, received the award on behalf of his father, Walter J. Conn – principal, chairman and CEO of Charles Dunn Company. The award was presented by Matthew A. Toledo, president and publisher of the Los Angeles Business Journal.

The President’s Award is presented each year to a company that demonstrates exemplary leadership as a family-owned business.

Walter J. Conn joined Charles Dunn Company in 1963 in order to establish the Property Management Division. Over the next 15 years, the division grew from managing a few small residential and commercial buildings into one of the largest and most respected firms in the region. As a result of Mr. Conn’s leadership, the firm’s management portfolio has grown to more than 25 million square feet of commercial properties. In 1978, Mr. Conn became a partner and in 1995, acquired the firm from the Dunn family. He has continued to steadily grow the business, providing strong leadership and always looking for new opportunities and untapped market segments and services. In addition, his three children, (Walter Jr., Patrick, and Eileen) work for the company in senior management positions.

When it comes to giving back, Charles Dunn Company is extremely philanthropic and community-oriented. Walter Sr. serves on a number of boards in Los Angeles and other cities, and gives generously to charity. He has established two not-for-profit real estate feeder organizations (Seraphim Gift Foundation and The Real Estate Gift Foundation) as he realized most charities are not able to or do not know how to accept real estate donations.

The entrepreneurial spirit continues to be alive and well at Charles Dunn Company as the ownership is extremely supportive of all ideas and willing to financially support start-up enterprises within the business.

CHARLES DUNN COMPANY SOLD 338-UNIT APARTMENT COMPLEX FOR $31.5 MILLION

SAN DIEGO —October 4, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold The Forest Park Apartments - a twelve building, 338-unit apartment complex. The property is located at 1210, 1250, 1306 and 1430 Petree Street in San Diego, Calif.

Bob Hitchcock, regional vice president of Charles Dunn’s San Diego office represented the seller, Petree Companies II & III, California Corporations. Hitchcock also represented the buyer, EC Phoenix Associates L.L.C. This project has been managed by Charles Dunn Real Estate Services for several years.

“The Forest Park Apartments was built in the early 70’s as phase II and III of the The Timbers Apartments and divided off several years later and renamed the Forest Park Apartments,” said Hitchcock. “Forest Park is conveniently located near several retail malls and is within one block of the San Diego Trolley. The project is beautifully landscaped and spacious lawn areas, five swimming pools with outdoor Bar-b-ques”

CHARLES DUNN COMPANY CLOSES $2.1 MILLION LEASE TRANSACTION

LOS ANGELES—October 25, 2004—Charles Dunn Company, a full-service commercial real estate firm, has completed a 10-year, 21,257 SF lease transaction for approximately $2.1 million on behalf of Casa Linda Furniture, Inc. The retail space is located at 1000 East Washington Boulevard in Los Angeles, Calif. With occupancy at 100%, other major tenants include Auto Zone, Subway and 3 Hermanos.

George Russell, senior managing director in Charles Dunn’s Westwood brokerage office, represented the landlord, Century Quality Management. Randy Ibarra of Southern Pacific Investment represented the tenant, Casa Linda Furniture, Inc.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR FONTANA APARTMENT COMPLEX

FONTANA, Calif. —October 26, 2004—Charles Dunn Company, a full-service commercial real estate and property management firm, has assumed management of The Ceres Apartments, a 43-unit apartment complex located at 16254 Ceres Avenue in Fontana, Calif.

Enza Morero, property manager of Charles Dunn’s Real Estate Management Services group in San Diego, Calif., will be responsible for managing the property.

Currently, the property is 99% occupied and recently went through an exterior renovation, which included re-stuccoing all patios and balconies. The complex consists of two buildings encompassing 11 one-bedroom/one-bath units and 32 two-bedroom/two-bath units.

“My goal for this property is to increase its financial portfolio through market research focusing on area trends,” said Morero. “Our on-going priority is to continue to build long-lasting relationships with all tenants.”

CHARLES DUNN COMPANY SELLS NORTH HOLLYWOOD OFFICE BUILDING FOR $2.3 MILLION

NORTH HOLLYWOOD/STUDIO CITY, Calif.—September 17, 2004—The Studio City office of Charles Dunn Company, a full-service commercial real estate firm, has sold a 17,976 SF office building for approximately $2.35 million. Built in 1971, the building is located at 12301 Sherman Way Blvd. in North Hollywood, Calif. Some of the buildings key tenants include owner/user C&D Visionary, Inc.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented the buyer, Jaclyn, Inc. The seller, Dan Radzewsky and Eliahu Ner-Gaun (dba LA Gym), was represented by Eli Anishban at Precision Properties.

CHARLES DUNN COMPANY SELLS STUDIO CITY OFFICE BUILDING FOR MORE THAN $1.1 MILLION

STUDIO CITY, Calif.—September 23, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 4,018 SF office building for more than $1.1 million. Built in 1940 and renovated in 1995, the two-story building is located at 3361-3365 Barham Blvd., in Studio City, Calif.

Stacy Vierheilig-Fraser, senior managing director, and Todd M. Wusching, associate, of Charles Dunn’s Studio City office represented both the buyer, Christopher J. Monte, and the seller. The name of the seller was not disclosed.

CHARLES DUNN COMPANY SELLS TWO RETAIL BUILDINGS FOR $9.2 MILLION IN VISALIA, CA
The Sale is Part of the Packwood Creek 650,000 SF Retail Power Center

VISALIA, Calif. —September 27, 2004—The West Los Angeles office of Charles Dunn Company, a full-service commercial real estate firm, has sold two retail buildings totaling 43,168 SF and approximately $9.2 million on behalf of the buyer – Parr-Bohn Redwood LTD. Part of Phase II on the Westside of the newly developed Packwood Creek, the PetsMart retail building is 19,368 SF and is located at 4240 S. Mooney Blvd. in Visalia, Calif. The Michael’s retail building is 23,800 SF and is located at 4248 S. Mooney Blvd. in Visalia, Calif.

Chris Tramontano, associate, Bradford Leach, associate and Tanel Harunzade, director, in Charles Dunn’s West Los Angeles office, represented the buyer – Parr-Bohn Redwood, Ltd. Jason O. Lind and Kenneth E. Scott of SW Realty represented the seller, DBO Development Company.

“This major regional retail center is located in the heart of Visalia’s booming market – along Mooney Blvd’s two-mile stretch, which is considered the city’s main street,” said Tramontano. “The first phase of the center offers a mix of strong anchors such as Target Greatland, Lowes and Best Buy – which opened last November. The second phase is scheduled to include the following solid tenants: Sports Chalet, PetsMart, Petco, Michael’s, Cost Plus, Pier 1 Imports, Linens ‘N Things, Anna’s Linens, David’s Bridal and more, which is slated to open late 2004 or early 2005.”

CHARLES DUNN COMPANY COMPLETES 40,000 SF OFFICE LEASE TRANSACTION ON BEHALF OF REALTECH INC.

LOS ANGELES—August 3, 2004—Charles Dunn Company, a full-service commercial real estate firm, has completed a 10-year, 40,000 SF lease transaction for approximately $6.14 million on behalf of Realtech Inc. The office space is located at 3250 Wilshire Blvd. in Los Angeles, Calif.

John Anthony, senior managing director, and Daniel Cherrie, director, in Charles Dunn’s downtown Los Angeles office represented the landlord, Realtech Inc. The tenant, Westwood College of Technology, an adult technology school, was represented by Jonathan Larsen, Greg Holm and J.D. DeRosa of Trammell Crow Company.

Westwood College of Technology will occupy the office building’s 4th floor beginning Dec. 1, 2004.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR $4.25 MILLION

LOS ANGELES—August 5, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 36,009 SF office building for approximately $4.25 million. Built in 1957, the two-story building, with rooftop parking, is located at 2706 Wilshire Blvd. in Los Angeles, Calif.

John Anthony, managing director, and Rob Wood, director, in Charles Dunn’s downtown Los Angeles office, represented the seller, Dr. Ronald Ricker. The buyer, Pacific Investment Group, represented itself.

“The building had a low cap rate for the area and was 100% leased, which provided Pacific Investment Group with an ideal investment,” said Anthony.

CHARLES DUNN COMPANY COMPLETES $4.45 MILLION LAND TRANSACTION IN VICTORVILLE, CA

Victorville, Calif./Newport Beach, Calif. –August 11, 2004- The Newport Beach office of Charles Dunn Company, a full-service commercial real estate firm, recently sold five parcels of land for approximately $4.45 million to Victoria Homes Inc. The five land parcels are located near Dos Palmas Road and Luna Road, in Victorville, Calif.

The sellers of the land, two private investors, and the buyer, Victoria Homes Inc., were represented by William Hugron, CCIM, SIOR, managing director, Jason Keller, associate and Tyler Kropf, associate in Charles Dunn’s Newport Beach office.

“Victoria Homes is scheduled to break ground on Phase 1 this fall. Charles Dunn is actively acquiring more land for their development for Victoria Homes,” said Hugron.

CHARLES DUNN’S PHOENIX OFFICE MOVES TO NEW LOCATION

Phoenix, AZ. –August 12, 2004– Charles Dunn Company, one of the top full-service commercial real estate brokerage and management firms in the United States, is proud to announce the relocation of its Phoenix property management office to Case Business Park. The four-story, class “B” garden office building is located at 2929 N. 44th Street, Suite 110 in Phoenix, AZ.

“We decided to relocate based solely on the needs of our client. Since we currently lease and manage this property, we wanted to provide our client with unsurpassed service by offering an on-site manager in order to fulfill our day-to-day activities for the building’s tenants from the same location,” said Susan Dunst, regional vice president of Charles Dunn Real Estate Services’ Phoenix office.

CHARLES DUNN COMPANY SELLS TWO VAN NUYS OFFICE BUILDINGS FOR $6 MILLION

Van Nuys, Calif./West Los Angeles, Calif. —August 13, 2004—The West Los Angeles office of Charles Dunn Company, a full-service commercial real estate firm, has sold two office buildings side by side totaling 36,855 SF (65,924 Gross SF) for more than $6 million. The single and 3-story, Class C office buildings are located at 6931 & 6939 Van Nuys Blvd. in Van Nuys, Calif.

Albert Shilton, senior managing director, of Charles Dunn’s West Los Angeles office, represented both the buyer, Avery Golden Trust and the seller, Nevada American Realty Group.

“Both buildings were fully leased at closing and occupied by strong tenants. A major renovation with exceptional TI ‘s was completed in September of last year,” said Shilton. “Just north of Northridge Hospital Medical Center, this property offers the buyer the potential for future development of up to 10,000 additional SF.”

CHARLES DUNN COMPANY COMPLETES $1.1 MILLION OFFICE BUILDING LEASE

Long Beach, Calif.—August 17, 2004—The Seal Beach office of Charles Dunn Company, a full-service commercial real estate firm, has completed a 5-year, 9,621 SF lease for approximately $1.1 million on behalf of OneLegacy. Built in 1989 with a renovation in 1995, the 8-story office building is located at 5000 East Spring St. in Long Beach, Calif. With occupancy at 89%, other major tenants include International City Escrow, American Express Financial Advisors, Washington Mutual Bank and Auto Insurance Specialists.

Greg Gill, senior managing director, Jeff Coburn, associate and Daniel Montoya, associate of Charles Dunn’s Seal Beach office represented the tenant, OneLegacy -- one of 59 regional non-profit, federally designated organizations dedicated to the life-saving and life-enhancing benefits of organ and tissue donation. The landlord, Arden Realty, was represented by Chris Sinfield at Grubb & Ellis.

“OneLegacy recently merged its Orange County and Torrance offices into one central location here in Long Beach, “ said Gill. “The new office is the perfect location for this non-profit organization due to its close proximity to the 405 freeway, the Long Beach Airport and surrounding hospitals.”

CHARLES DUNN COMPANY SELLS FOUR LAND PARCELS FOR $3.5 MILLION IN WOODLAND HILLS
Buyer Plans on Developing Single-Family Homes on Vacant Land

Woodland Hills, Calif./West Los Angeles, Calif. —August 24, 2004—The West Los Angeles office of Charles Dunn Company, a full-service commercial real estate firm, has sold four land parcels all located in Woodland Hills, Calif. totaling 310,927 SF (7.14-acres) and approximately $3.57 million on behalf of the buyer – Wafick Zaky, an investor.
One of the parcels (41,121 SF) is located at 22422 Avenue San Luis St. and was sold for $500,000. Albert Shilton, senior managing director, and Bradley Anderson, associate, in the West Los Angeles office represented the buyer, Mr. Zaky and the seller, Nonabelle Dow.

The second land sale (139,812 SF and $1.4 million) is located at 22352 Avenue San Luis St. Albert Shilton, senior managing director, and Bradley Anderson, associate, in the West Los Angeles office represented the buyer, Mr. Zaky and the seller, Kenneth Wasmann and Michael & Thomas Jewett.

The third land sale (91,596 SF and $1.2 million) is located at 22400 Avenue San Luis St. Albert Shilton, senior managing director, and Bradley Anderson, associate, in the West Los Angeles office represented the buyer, Mr. Zaky and the seller, Robert & Paula Ruiz et. al.

The fourth land sale (38,398 SF and $475,000) is located at 22402 Avenue San Luis St. Albert Shilton, senior managing director, and Bradley Anderson, associate, in the West Los Angeles office represented the buyer, Mr. Zaky and the seller, Ida Garinger.

“This vacant hillside has been sought after by numerous developers for the past 20-25 years. Up till now, no one has ever succeeded in getting all four sellers and their partners to agree to sell,” said Shilton. “Mr. Zaky plans on developing 38 single-family upscale/gated homes on this property.”

CHARLES DUNN COMPANY SELLS RETAIL PLAZA FOR $3.5 MILLION
Charles Dunn Also Awarded Property Management Contract for Retail Center

SAN CLEMENTE, Calif.—September 28, 2004—The Newport Beach office of Charles Dunn Company, a full-service commercial real estate firm, sold Presidio Plaza – a 12,500 SF strip shopping center -- for $3.5 million. In addition, Charles Dunn was selected by the new owner as the property manager and leasing agent for the retail center. The 11-tenant center, which includes a Subway, is located at 401 South El Camino Real in San Clemente, Calif.

Jason Afshar, senior investment advisor in Charles Dunn’s Newport Beach office, represented the seller, Sillen Holdings LLC. Tom Arai, vice president of Charles Dunn Real Estate Services’ Newport Beach office, represented the buyer, Mike Grair – an individual investor.

According to Arai, Charles Dunn was awarded the one-year property management contract for the retail center and Afshar will be in charge of leasing due to the firm’s exceptional level of service and expertise through the transactional process.
“The center is 100% leased and is located in a prime, high-traffic South County beach area,” said Arai. “We are looking forward to building relationships with all the tenants while increasing the level of service and support.”

CHARLES DUNN COMPANY SELLS LONG-TERM CARE FACILITY ON BEHALF OF PROVIDENCE SAINT JOSEPH MEDICAL CENTER

Burbank, Calif.—August 30, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 47,000 SF long-term care facility on behalf of Providence Saint Joseph Medical Center. Built in 1967, the four-story building is located at 2727 W. Alameda Ave. in Burbank, Calif. Terms of the transaction were not disclosed due to confidentiality reasons.

Bob Harrison, senior managing director in Charles Dunn’s downtown Los Angeles office, represented the buyer, Alameda Ventures L.L.C., and the seller, Providence Saint Joseph Medical Center.

“The buyer plans on renovating the property and converting the facility into an office building for the entertainment industry,” said Harrison. “This building is located close to most of the largest movie/television studios in the world, which should draw tremendous interest from this industry.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR OLD TOWN IRVINE

Irvine, Calif./Newport Beach, Calif.—August 31, 2004—The Newport Beach office of Charles Dunn Company, a full-service California-based commercial real estate and management firm, has assumed management of the Old Town Irvine Association – a 291,000 historical mixed-use commercial complex located at 14952-14988 San Canyon Rd. in Irvine, Calif.

The complex of seven mixed-use buildings has various businesses such as La Quinta Inn, Knowlwoods, Denny’s, Tiajuana Restaurant and the U. S. Post Office, to name a few.

Tom Arai, regional vice president of property management in Charles Dunn’s Newport Beach office, will oversee operations and management of the property.

“We look forward to improving and enhancing the complex’s curbside appearance in order to maintain it’s first class condition,” said Arai. “Our goal is to start building strong relationships with all the owners while increasing the level of service and support.”

CHARLES DUNN COMPANY COMPLETES $3.4 MILLION OFFICE BUILDING SALE

Laguna Hills/Seal Beach, Calif.—July 7, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold an 11,660 SF building for approximately $3.4 million. Built in 1985, the two-story office building is situated on 40,463 SF of land and is located at 24300 Paseo De Valencia St., in Laguna Hills, Calif.

Greg Gill, senior managing director of Charles Dunn’s Seal Beach office, represented the buyer, Farmers & Merchants Bank. The seller, Olde Property Corporation, was represented by Bill White of Colliers Seeley.

“Its excellent location, near the Laguna Hills Mall, and high-profile corner with beautiful mission-style architecture and ample parking, makes this property ideal for Farmers & Merchants Bank’s newest branch office,” said Gill.

CHARLES DUNN COMPANY PROMOTES PROPERTY MANAGER IN PHOENIX OFFICE

PHOENIX—July 8, 2004 —Susan Dunst, CPM®, RPA®, regional vice president of Charles Dunn Real Estate Services of the Phoenix, AZ office, has recently announced the promotion of Jan Adams from assistant property manager to regional property administrator. In this new position, Ms. Adams will be responsible for the day-to-day needs of all the firm’s tenants, clients and staff.

Over the past two years at Charles Dunn, Ms. Adams’ primary responsibilities included all the administrative and operations aspects of the office in support of the property management and brokerage team. Prior to joining Charles Dunn, she was a facilities manager for HR Logic, where she was responsible for six of the firm’s corporate western region offices. She attended Riverbend Technical College in Faribault, MN and Scottsdale Community College in Scottsdale, AZ. She is currently a notary for the State of Arizona

CHARLES DUNN COMPANY CLOSES $4.1 MILLION
RETAIL LEASE TRANSACTION

Los Angeles/Garden Grove, Calif.—June 10, 2004—Charles Dunn Company, a full-service commercial real estate firm, has completed a 15-year, 20,000 SF lease transaction for pproximately $4.1 million. Built in 1994, the one-story building is located at 7901 Garden Grove Blvd. in Garden Grove, Calif.

Robert Wood, director of the tenant services group of Charles Dunn’s downtown Los Angeles office, represented the tenant, Home Shopping Korea. The landlord, Shapell Industries, was represented in-house by Rich Fields.

“Home Shopping Korea airs a highly successful television show on LA’s channel 44,” said Wood. “This new space is the first step in helping the company to expand and reach its goal of opening five additional “retail centers” by the end of 2004.”

CHARLES DUNN COMPANY SELLS MULTIFAMILY BUILDING FOR $4.725 MILLION

WEST LOS ANGELES—June 14, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 43,848 SF, 47-unit apartment building for approximately $4.725 million. Built in 1964, the building is located at 7749 Reseda Blvd. in Reseda, Calif.

Paul A. Kenworthy, managing director of investment properties in Charles Dunn’s West Los Angeles office, represented both the buyer, Mark Kanter, an individual investor, and the seller, Reseda 47 Ltd.

“This property was an ideal investment,” said Kenworthy. “The building and its spacious units were in excellent condition and although the cost per unit was more than $100,000, the unit mix was mainly two bedrooms and the current rents were 22% below market price.”

CHARLES DUNN COMPANY COMPLETES $31.6 MILLION OFFICE BUILDING SALE IN SANTA MONICA

West Los Angeles/Santa Monica, Calif.—June 28, 2004—Charles Dunn Company, a full-service real estate firm, has sold a 110,000 SF office building for $31.6 million. Built in 1981, the six-story building is located at 520 Broadway Ave. in Santa Monica, Calif.

Charles DeSantis, managing director, commercial services group in Charles Dunn’s West Los Angeles office, represented the seller, SM Broadway Corporation. The buyer, Palrock LLC, was represented by T.C. Macker and Christian Holland of Coldwell Banker Commercial WESTMAC.

“Although the property was sold at $287 per SF, its ocean and mountain views, balconies and prime location in Santa Monica make the property well worth the price on a long-term basis,” said DeSantis.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR THE VON’S COMPANIES, INC.

Charles Dunn Will Manage More Than 535,000 SF Shopping Centers Throughout Southern California

LOS ANGELES/Ventura, Calif.—May 21, 2004—The Los Angeles office of Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of the seven Southern California shopping centers totaling approximately 535,000 SF on behalf of The Von’s Companies, Inc.

The seven Von’s shopping centers are located at: 185 East 17th Street in Costa Mesa (75,000 SF); 11674 Santa Monica Blvd., Los Angeles (52,000 SF); 19750-19853 Ventura Blvd. in Woodland Hills (80,000 SF); 635 West Foothill Blvd in La Canada (97,000 SF); 8969 Santa Monica Blvd in West Hollywood (53,000 SF); 1855 E. Cochran Street in Simi Valley (102,400 SF) and 4195 Chino Hills Parkway in Chino Hills (76,000 SF).

Patrick Conn, president of Property Management in Charles Dunn’s downtown Los Angeles office, will be the account manager for the properties and Romy Miura, portfolio manager for Charles Dunn, will assist Mr. Conn.

“Charles Dunn is honored to oversee operations and management of Von’s seven centers and look forward to building strong relationships with all tenants while increasing the level of service and support,” said Conn.

The owner of these shopping centers, The Von’s Companies, Inc., hired Charles Dunn due to the firm’s seasoned and talented team who has the expertise to optimize property efficiency, reduce operating expenses and promote positive tenant relations. Charles Dunn was chosen among five different property management firms in Southern California.

CHARLES DUNN COMPANY CLOSES $4 MILLION LEASE TRANSACTION

LOS ANGELES—May 27, 2004--Charles Dunn Company, a full-service commercial real estate firm, has completed a seven-year, 24,034 SF lease transaction for approximately $4 million. Built in 1973, the 18-story office building is located at 800 West Sixth Street in Los Angeles, Calif.

John Anthony, senior managing director in Charles Dunn’s downtown Los Angeles brokerage office, represented the landlord, Pacific Financial Center, LLC. J.D DeRosa and Jonathan Larsen of Trammell Crow Company represented the tenant, Gerald J. Sullivan Associates, a Los Angeles-based insurance company.

“Gerald J. Sullivan Associates’ most recent expansion and renewal signifies their continued long-term commitment to the building and satisfaction with the Class A environment provided,” said Anthony.

CHARLES DUNN COMPANY SELLS 16,000 SF LAND PARCEL FOR $1.33 MILLION

LOS ANGELES—May 27, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 16,000 SF land parcel for approximately $1.33 million. The property is located at 3325-3329 S. Canfield Ave., in Los Angeles, Calif.

Michel Hibbert, managing director of the investment properties group in Charles Dunn’s West Los Angeles office, represented the buyer, Matt Nelson, a developer. The seller, 1752 Westside Partners, LLC, represented itself. “The property is a double lot and is zoned for 20 units,” said Hibbert. “Therefore, it provides Mr. Nelson with an ideal location to build apartments.”

CHARLES DUNN COMPANY SELLS 40-UNIT ART DECO BUILDING FOR $3.1 MILLION

LOS ANGELES—April 1, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 31,392 SF multifamily building for $3.1 million. The 40-unit building is located at 3748 W. 9th St., in Los Angeles, Calif.

Albert Shilton, Senior Managing Director of the Investror services Group, in Charles Dunn’s West Los Angeles office represented both the buyer, Richard Stromberg, an individual investor, and the seller, Chateau Du-Val, LLC.

“Chateau Du-Val was constructed in 1929 and is truly art deco in design including a slate roof and leaded glass windows, “ said Shilton. “Aside from the unique architecture, the building was also “non-rent controlled”, thus providing the buyer with the opportunity to renovate all of the units and raise the rents to market in a short time.”

CHARLES DUNN COMPANY SELLS RETAIL CENTER FOR $1.9 MILLION

Compton, Calif.—April 7, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 9,850 SF retail center for approximately $1.9 million. The retail center is located at 2610-2614 N. Wilmington Ave., in Compton, Calif.

Robert Harrison, senior managing director, of Charles Dunn’s downtown Los Angeles, Calif., office, represented the seller, Environmental Planning Group, I. The buyer, Bruno Heidenwag, an individual investor, was represented by Laurence Saper of NAI Capital, in Gardena, Calif.

“The building was 100% leased at the time of sale with quality tenants such as Auto Zone and Spin Cycle,” said Mr. Harrison.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT
CONTRACT FOR NEW SAN DIEGO APARTMENT COMPLEX

SAN DIEGO—March 2, 2004—Charles Dunn Company, a full-service commercial real estate and property management firm, has assumed management of The Highlands, a 160-unit apartment complex located at 8627 Lemon Ave., in La Mesa, Calif.
The owner, Associated Investors & Developers, awarded the management contract for the 160-unit apartment building complex to Charles Dunn’s Real Estate Management Services group in San Diego, Calif.

Bob Hitchcock, regional vice president in Charles Dunn’s San Diego office, will be responsible for managing the property.
“Our job is to advise the ownership on ways to enhance the net operating income of the property as well as ways to upgrade the overall aesthetics of the property,” said Hitchcock. “This is a well-located property, situated on the side of a hill, that affords many views of the neighborhood and adjacent land.”

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR $1.1 MILLION

Paramount/Seal Beach, Calif.—March 10, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold an 8,439 SF building for approximately $1.1 million. The office building, which is situated on an 18,900 SF land parcel, is located at 16401 Paramount Blvd. in Paramount, Calif. Greg Gill, Senior Managing Director, and Jeff Coburn, Associate, of Charles Dunn’s Seal Beach Office represented the buyer, City of Paramount, and the seller, Alice Atkinson Trust.

According to Gill, the building was the former Atkinson Law Office and features a high-end build out that makes it a real “jewel box” in the City of Paramount. “The Paramount Redevelopment Agency saw a great opportunity to acquire the corner parcel and integrate it into the City Hall campus located adjacent to the property,” said Gill. “The City of Paramount plans to make minor modifications to the building interior and use it for city functions and other government uses.”

CHARLES DUNN COMPANY AWARDED 86,640 SF PROPERTY MANAGEMENT CONTRACT FOR LOS ANGELES OFFICE BUILDING

Los Angeles, Calif.—March 26, 2004—Charles Dunn, a full-service commercial real estate and management firm, has assumed management of the 86,640 SF, Class “A” Carpenter’s Pension Trust Building of Southern California located at 533 Fremont Avenue, Los Angeles, Calif. Built in 1970, the 11-story office building is owned by Carpenter’s Pension Trust and is currently 100% leased.

Denise Le Doux, portfolio manager in Charles Dunn’s Los Angeles office, will oversee the account under the strategic direction of Bill Wenger, regional vice president in Charles Dunn’s Los Angeles office. Charles Dunn was selected as property manager due to the firm’s positive working relationship on past projects with the asset manager of the property, Strategic Property Advisor’s Inc.

“Our goal for the property is to provide improved services and support to all tenants and building staff as well as unify the accounting and financial reporting and to supervise all building management procedures,” said Wenger.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR $2.4 MILLION

LOS ANGELES—March 25, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 16,000 SF office building for approximately $2.4 million. The building is located at 5420 N. Figueroa Blvd. in Los Angeles, Calif.
Robert Harrison, Glenn Rudy and David Parker—brokers in Charles Dunn’s downtown Los Angeles office, represented both the buyer, S.M. Kim, an individual investor, and the seller, Chase Figueroa LLC.

“This sale adds to Kim’s expanding portfolio,” said Harrison. “The building was 100% leased at the time of the sale and represents a high mark in recent years on a price per square foot basis for the Highland Park sub-market of Los Angeles.”

CHARLES DUNN COMPANY COMPLETES $3.5 MILLION SALE
ON BEHALF OF NEWPORT CAPITAL ADVISORS AND NEVIS HOMES, LLC.

Los Angeles/Arcadia, Calif.—March 30, 2004—Charles Dunn Company, a full-service commercial real estate firm, has sold a 18,938 SF office building for approximately $3.5 million on behalf of Newport Capital Advisors. The building is located at 650 W. Huntington Dr., located in Arcadia, Calif.

Joe Faulkner, Robert Stover and Glenn Rudy – brokers in Charles Dunn’s downtown Los Angeles office along with Gene Page of the Seal Beach, Calif., office, represented both the seller, Newport Capital Advisors and the buyer, Nevis Homes, LLC.

“The number of inquiries for this property was remarkable, said Rudy. “We received more than five offers in the first week and finally sold the building for nearly $250,000 over the initial asking price.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR THE CHESAPEAKE OFFICE BUILDING

SAN DIEGO—February 2, 2004—Charles Dunn Company, a full-service commercial real estate and property management firm, has assumed management of The Chesapeake Office Building. The property is located at 9555 Chesapeake Dr., in San Diego, California.

The owner, Radius Investments, LLC awarded the management contract for the newly acquired 57,483 SF office space to Charles Dunn due to the firm’s more than 83 years experience in management. Charles Dunn is also the construction manager for the building’s new 16,000 SF tenant improvement initiative.

Margie Murphy, a real estate manager in Charles Dunn’s San Diego office, will be responsible for managing the property. According to Bob Hitchcock, regional vice president of Charles Dunn’s San Diego office, the owner’s goals are to enhance the value of the property through selected capital improvements and strategic leasing of the remaining available space.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR 56-UNIT APARTMENT PORTFOLIO

Los Angeles, Calif.—January 29, 2004—The Los Angeles office of Charles Dunn Company, a full-service commercial real estate and property management firm, has been awarded management of a 56-unit residential portfolio located in the Los Feliz district and Los Angeles area. The multifamily portfolio includes eight units located at 4317 Avocado Street; four units located at 3126 Rowena Avenue; 14-units located at 2929 St. George Street – all in the Los Feliz district; and 30-units located at 508-512 Oxford Street in Los Angeles, Calif.

Charles Dunn’s Marco Uyuni will be the portfolio manager for the property. The owner, Angela McNeill, hired Charles Dunn to provide her with full-service management and real estate expertise for her properties.

CHARLES DUNN COMPANY COMPLETES $5.6 MILLION INDUSTRIAL BUILDING SALE

Torrance, Calif./Seal Beach, Calif.—January 29, 2004—Charles Dunn Company, a full-service commercial real estate firm, has represented Bobit Publishing in the acquisition of a 49,136 SF industrial building for $5.6 million. Located at 3520 Challenger St. in Torrance, Calif., the 2-story concrete building with office mezzanine is situated on 2.5 acres of land.

The team of Charles Dunn brokers comprised of Greg Gill, Gene Page and Jeff Coburn, all located in the firm’s Seal Beach office, represented the buyer. The seller, Yonex Corporation, was represented by Jim Hammond of CB Richard Ellis.

“Our clients had a complicated shopping list,” said Gill. “First, Bobit Publishing needed a facility in a tightly defined geographic location that met the operational needs of its business at a price suitable for the business. The buyer also wanted the structure of the transaction to satisfy certain financial planning issue for the owners of the privately held company. Fortunately, the Challenger property met all of their needs.”

CHARLES DUNN COMPANY COMPLETES $30 MILLION LEASE TRANSACTION ON BEHALF OF CRYSTAL STAIRS, INC.

LOS ANGELES -- Charles Dunn Company, a full-service commercial real estate firm, has completed a 10-year, 100,000 SF lease transaction for $30 million on behalf of Crystal Stairs, Inc. – a non-profit organization that offers quality childcare and developmental services. The 12-floor, Wateridge Office Campus is located at 5100 Gold Leaf Circle in Los Angeles, Calif.

Crystal Stairs will occupy almost all of the 3rd floor of 5100 and 5110 Goldleaf (50,361 sq. ft) and part of the 1st floor of 5110 Goldleaf (20,509 SF). Also – they will occupy part of the 4th floor of 5150 Goldleaf (20,509 SF) and part of the 3rd floor of 5150 Goldleaf (21,688 SF).

Reginald Woolfolk and John Anthony in Charles Dunn’s downtown Los Angeles ffice, represented both the tenant, Crystal Stairs, Inc. The landlord, Crown Realty & Development, was represented by Jeff Pion and Deron White of CB Richard Ellis.

“The Wateridge is attractive to Crystal Stairs because it provides a campus environment, ample client and employee parking and is close to various restaurants and retail activity,” said Woolfolk. “This is a relocation of two of Crystal Stairs offices (5200 W. Century Blvd in Los Angeles and 1045 Redondo Avenue in Gardena). The Wateridge will be the tenant’s main location but will maintain some of their operations at 650 W. Adams Blvd. in Los Angeles inside the AAA building.”

© 2008 Charles Dunn Company