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CHARLES DUNN COMPANY'S SAN FRANCISCO OFFICE COMPLETES SUCCESSFUL THIRD QUARTER TRANSACTIONS

Firm Closes Third Quarter with Three Major Deals

SAN FRANCISCO –December 5, 2005– Charles Dunn Company, a full-service commercial real estate firm, has negotiated one major lease and two sales transactions totaling 30,330 SF valued at $4.6 million during the third quarter.

The first transaction is a $1.2 million class “A” office building lease located at 55 Second St. in San Francisco. G. Cody Winchester, senior sales and leasing advisor, Samuel A. Liss, sales associate, and Jay D. Shaffer, senior leasing and sales associate of Charles Dunn Company’s San Francisco office, represented the tenant, Stub Hub Inc. The tenant sub-leased the entire third floor, which consists of 18,530 SF.

The second transaction is a 6,800 SF/$2.3 million retail sale located at 1723-1725 Polk St. in San Francisco. The buyer, the Sandringham Trust, was represented by Liss. Paragon represented the seller, Barbara Janeff – an individual investor.

The third transaction is a 5,000 SF/$1.1million retail sale located at 3210 Nimtz Parkway in South Bend, Indiana. The seller, Sherwin-Williams, a paint distribution store, was represented by Thomas Mohler of Upland Real Estate. The buyer, Shaffer Living Trust was represented by Bradley L. Colton, executive vice president/regional manager and Shaffer of Charles Dunn’s San Francisco office, as well as William Harrison, senior managing director of Charles Dunn’s Los Angeles office.

“Buyers as well as tenants feel the San Francisco market will continue to increase in value, although, vacancy rates remain constant at around 15-percent and interest rates are rising,” said Colton. “That said, San Francisco is a unique market in that there is very little expansion room to construct new buildings, which creates a strong demand for real estate in this city.”

CHARLES DUNN COMPANY’S REGIONAL VICE PRESIDENT OF REAL ESTATE MANAGEMENT SERVICES RECEIVES TWO PRESTIGIOUS AWARDS

LOS ANGELES, Calif. – December 15, 2005 – Bill Wenger, CPM and regional vice president of Charles Dunn Company’s Real Estate Management Services, Los Angeles Region, was awarded the prestigious 2005 President’s Award by the Institute of Real Estate Management (IREM, Los Angeles). In 2006, he will serve as the IREM vice president for administration. Wenger received this award in recognition of his 15 years of service to the Los Angeles Chapter, with emphasis on his support to IREM, which he managed to continue even during his one-year voluntary military tour of duty in OPERATION IRAQI FREEDOM.

In addition, he was awarded the Character & Ethics Award by the Character & Ethics Project, a nonprofit organization dedicated to promoting and building character and ethical behavior in the communities of Glendale, Calif. and the Foothills. This award was based on Wenger’s outstanding citizenship and exemplary ethics in business, community and national contributions both in real estate as well as the military. As a recipient, he received recognition from the mayor of Glendale, the Board of Education, supervisors of the County of Los Angeles, the State Assembly and Senate as well as the US Congress.

In 2000, Wenger retired from the military after serving 32 years, with the active army, reserves and National Guard. Despite being retired, this past June, he returned for a voluntary one-year tour of duty as an army Colonel at the Multinational Force Headquarters in Baghdad, Iraq while continuing his service to IREM. During this combat tour, he served as the Chief of Policy for the Multi-National Force - Iraq, providing the operational connectivity between the U.S. Embassy, Baghdad and the Coalition Forces. After serving six-months in this capacity in Baghdad, Wenger volunteered for field duty and was assigned to the Civilian Police Assistance Training Team as Chief of Border Enforcement for Iraq. This assignment entailed securing the country’s 2,280 miles of borders and 14 major ports of entry in addition to readying 20,000 Iraqi border police for duty.

Also, while in Iraq, Wenger negotiated with contractors who are in the process of building approximately 440 forts, totaling more than 2.2 million SF along the country’s borders. An Iraqi general honored Wenger for his service to Iraq by naming a border fort after him. Fort Wenger is located 320 miles west of Baghdad where the Jordanian, Iraqi and Syrian borders meet. Wenger participated in frequent operations against insurgent forces near Ft. Wenger and all along the Syrian, Jordanian and Saudi Arabian borders. For his service in Iraq, Wenger was presented with a number of awards including a Bronze Star and the new Combat Action Badge.

Wenger received a master’s degree in theatre arts from California State University, Long Beach, a master’s degree in business administration from Pepperdine University and a third master’s degree in defense management from American Military University. He also holds a bachelor’s degree in history and anthropology from the University of California at Santa Barbara.

Wenger, a Certified Property Manager and Registered Property Administrator, is a long-standing member and previous chairman of Security and Emergency Preparedness Committee of the Building Owners and Managers Association International of Greater Los Angeles (BOMA); Building Owners and Managers Institute International (BOMI); a Vice President for the Institute of Real Estate Management of Los Angeles (IREM); and a member of the IREM national Public Policy and Legislation Committee.

CHARLES DUNN COMPANY COMPLETES $5.6 MILLION RETAIL SALE

ST. JOSEPH, Mo./WEST LOS ANGELES, Calif.—December 19, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 14,573 SF retail building for approximately $5.6 million. The property, which is 100 percent leased to Walgreens, is located at 2620 S. Belt Highway in St. Joseph, Mo.

Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office represented the buyer, St. Joseph Property, LLC. The seller, Cole WG St. Joseph Mo., LLC, was represented in-house by Sean Leahy.

“This building was an excellent investment for the buyer due to Walgreen’s long- term lease, which still has 23 years remaining,” said Hibbert.

CHARLES DUNN COMPANY COMPLETES $1.9 MILLION OFFICE BUILDING SALE

WEST HOLLYWOOD, Calif.—November 1, 2005— Charles Dunn Company, a full-service commercial real estate firm, has sold a 2,400 SF office building for $1.9 million. Built in 1927, this two-story building is located at 9012 Beverly Blvd. in West Hollywood, Calif. The building is currently home to Intralink Film Graphic Design.

Jonathan Ahron, director in Charles Dunn’s West Los Angeles office, represented the buyer, Anthony Goldschmidt. The seller, McKinley Trust, was represented by Greg Gill, senior managing director in Charles Dunn’s Seal Beach office.

“The buyer purchased this property to occupy as an owner/user,” said Ahron.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR APPROXIMATELY $4.8 MILLION

LOS ANGELES—November 4, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a multifamily property, which consists of two 14-unit buildings, for approximately $4.8 million. Situated on almost a half an acre of land, the buildings are located at 508 and 512 S. Oxford Ave. in Los Angeles.

Bradley Anderson, senior director in Charles Dunn’s downtown Los Angeles office represented the seller, Angela McNeil. The buyer, YHB Oxford LLC, was represented by the firm’s asset manager - Wayne Williams of Williams & Associates.

“The R4 zoned residential site, located in the heart of Koreatown, is approximately 18,000 square-feet in size,” said Anderson. “The two buildings, which were originally developed together, are operated as a single property.”

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR APPROXIMATELY $4 MILLION

WEST HOLLYWOOD, Calif. /LOS ANGELES—November 29, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 3,372 SF class “A” retail building on a 4,704 SF lot for approximately $4 million. Built in 1944, this vacant building is located at 8441 Melrose Place in West Hollywood, Calif.

Jonathan Ahron, director in Charles Dunn’s West Los Angeles office, represented both the buyer, West Hollywood Robertson No. 47, LLC, and the seller, Peter Schifando.

“The buyer already owns several commercial properties in this high-end designer district and believes in the future of the neighboring prime area,” said Ahron.

CHARLES DUNN COMPANY COMPLETES $7.1 MILLION LAND SALE

LOS ANGELES—November 30, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 39,221SF parcel of land located at 3033-37 Wilshire Blvd. in Los Angeles for $7.1 million.

Chris Runyen, senior managing director of Charles Dunn’s downtown Los Angeles office, and Armando Aguirre of Colliers Seeley, represented both the buyer, 3033 Wilshire Investors, LLC (a joint venture involving Williams & Dame Development, Inc. and Mount Auburn Partners, LLC) and the seller, a private family trust.

“The land will be developed into a new mixed-use residential and high-rise building,” said Runyen.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR MAJOR LOS ANGELES BUILDING

LOS ANGELES—November 30, 2005—Charles Dunn, a full-service commercial real estate and management firm, has assumed management of a six-story 37,238 SF office building located at 835 Wilshire Blvd. in Los Angeles.

Built in 1960 and renovated in 1993, the property, owned by Hinomaru International Corporation, is 100 percent leased with Kinko’s as its major tenant.

Patrick Conn, president in Charles Dunn’s downtown Los Angeles office, will oversee the management of the property. John Anthony, senior managing director in Charles Dunn’s downtown Los Angeles office, is the leasing agent for the property.

Charles Dunn was selected as the property manager due the firm’s familiarity with this office building and its prime location.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR DEPARTMENT OF CHILDREN & FAMILY SERVICES

GLENDORA, Calif. /NORTH HOLLYWOOD, Calif.—October 6, 2005—Charles Dunn Company, a full-service commercial real estate and management firm, has assumed management of a 109,018 SF building, which is home to the Department of Children & Family Services. The one-story building is located at 725 S. Grand Ave. in Glendora, Calif.

The owner, Grand Glendora Services LLC, awarded the management contract for the completely remodeled Class "A” building to Charles Dunn Company’s North Hollywood office.

Helen Harris, senior portfolio manager in Charles Dunn’s North Hollywood office, will oversee operations and management of the property.

We currently manage another building for The Department of Social Services in Glendale, therefore, this new contract was a perfect match for both parties involved,” said Harris. "Our plan is to continue providing superior service to our client while maintaining the building's excellent condition.”

CHARLES DUNN COMPANY NEGOTIATES TWO SALES TRANSACTIONS IN DALLAS FOR MORE THAN $9 MILLION

Charles Dunn Company Negotiates the Sale of Two Multi-Family Properties on Gannon Lane for a Combined Total of 251,191 SF

DALLAS/LOS ANGELES—October 10, 2005—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 204-unit multi-family building for approximately $4.2 million and the 228-unit Renaissance Creek Apartments for more than $4.8 million. The 108,367 SF, multi-family property is located at 3829 Gannon Lane, and the 142,824 SF Renaissance Creek Apartments are located at 3839 Gannon Lane in Dallas.

The buyer of 3829 Gannon Lane, Waterford Apartments, LLC, was represented by Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office. The seller, F-Crest Holdings, LP, was represented by Jay Gunn of Hendricks and Partners.

The buyer of 3839 Gannon Lane, Renaissance Creek Partners, LP, was represented by Michel Hibbert. The seller, FJBB-Gannon, LTD, was represented by Nita Stewart of CB Richard Ellis.

"Renaissance Creek Partners plan to upgrade both of the buildings located at 3839 Gannon Lane and operate them as one,” said Hibbert.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR APPROXIMATELY $2 MILLION

LOS ANGELES—October 12, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 9-unit multifamily building for approximately $2 million. Built in 1986, this luxury apartment complex is located at 12530 Venice Blvd. in the Mar Vista area of Los Angeles.

Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office, represented both the buyer, Xenon Investment Group and the seller, Lido Equities Group, LLC.

"The building was in excellent condition which worked out nicely for the buyer, who was looking for a good investment,” said Hibbert.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR APPROXIMATELY $1.5 MILLION

LOS ANGELES/Culver City, Calif.—October 13, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 10-unit multifamily property for approximately $1.5 million. Built in 1989, the property is located at 4734 S. Slauson Ave. in Culver City, Calif.

Michel Hibbert, senior managing director in Charles Dunn’s West Los Angeles office, represented the buyer, Rohit Mehta, an independent investor. The seller, Tabor-Fletcher Holdings, L.P. was represented by Jim Nosratian of JFN Properties.

"The new owner plans to renovate the property, which includes painting, landscaping and replacing the roof,” said Hibbert.

CHARLES DUNN COMPANY COMPLETES $1.5 MILLION RETAIL SALE

BEVERLY HILLS, Calif. /LOS ANGELES—October 14, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 2,800 SF retail building on a 4,757 SF lot for $1.5 million. Built in 1948, the property is located at 469 S. Robertson Blvd. in Beverly Hills, Calif. With occupancy at 100 percent, the building’s tenant is Quicks Fitness.

Jonathan Ahron, director in Charles Dunn’s West Los Angeles office, represented both the buyer, John Amiri, and the sellers, Andrew and Judith Friedman.

"This building was an excellent investment for the buyer due to its prime Beverly Hills location,” said Ahron.

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR APPROXIMATELY $1.2 MILLION

LOS ANGELES—October 19, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 17,000 SF retail building for approximately $1.2 million located at 3901-3921 W. 6th St. in Los Angeles.

Bill Lees, senior sales consultant in Charles Dunn’s downtown Los Angeles office, represented both the buyer, Libra Company LLC and the seller, Mitchel Trust.

"The buyer will continue using the ground floor for retail,” said Lees. "The second floor will be completely remodeled for residential use.”

CHARLES DUNN COMPANY NEGOTIATES THE SALE OF TWO DOWNTOWN LOS ANGELES INDUSTRIAL BUILDINGS FOR $10 MILLION

Supplies Superstore Retailer Staples Recently Remodeled its 17,000 SF Space

LOS ANGELES/SEAL BEACH, Calif.—September 6, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold two industrial buildings for a sum of $10 million. Home to a 17,000-square-foot Staples store, the buildings total 78,341 square feet of space, are located at 1701-1717 S. Figueroa St. and 622 W. 17th St. in Los Angeles.

Greg Gill and Eugene Page, senior managing directors in Charles Dunn’s Seal Beach, Calif., office and Dan Cherrie, associate with Charles Dunn’s downtown Los Angeles office, represented both the buyer, Figueroa Properties LLC., and the seller, Jack Litt and Cita Litt.

The two buildings are located in the heart of the current redevelopment effort surrounding the Los Angeles Convention Center and the Staples Center,” said Page. "The property (1701-1717) features one full block of Figueroa frontage on the dynamic corridor between Staples and USC.”

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR $3.2 MILLION

LOS ANGELES—September 20, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold an 8-unit multifamily property for $3.2 million. Built in 1986, the property is located at 11959 Dorothy St. in Los Angeles.

Michel Hibbert, senior managing director in Charles Dunn’s West Los Angeles office, represented the seller, Blackman Family Limited Partnership. The buyer, 11959 Brentwood, LLC, represented itself.

"The buyer plans to convert the units into seven condominiums,” said Hibbert.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR NEARLY $15 MILLION

LOS ANGELES—September 23, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 220,000 SF office building for nearly $15 million. Built in 1955, the property is located at 3325 Wilshire Blvd. in the Mid-Wilshire area of Los Angeles.

Chris Runyen, senior managing director, and Amir Madadi, director in Charles Dunn’s downtown Los Angeles office, led the Charles Dunn team that represented both the buyer, Jamison Properties, Inc. and the seller, who wishes to remain anonymous.

"The buyer plans to maintain the property as an office building, despite competition for the asset from residential developers,” said Runyen. "It is currently 63% occupied, and is home to the following major tenants: Marian College, Donald Vocational School and Hanmi Bank.”

CHARLES DUNN COMPANY COMPLETES $13.5 MILLION OFFICE BUILDING SALE

LOS ANGELES, Calif.—August 8, 2005—Janet Neman, senior managing director in Charles Dunn’s West Los Angeles office, negotiated the sale of a 200,000 SF office building for $13.5 million. Built in the 1920s, this 14-story (with a penthouse) historical property is located at 215 W. 6th Street in downtown Los Angeles.

Neman represented both the buyer and the seller who wish to remain anonymous.

"The buyer purchased this vacant office building to convert it into lofts”, said Neman.

CHARLES DUNN COMPANY COMPLETES $1.5 MILLION RETAIL SALE

WEST LOS ANGELES, Calif./ORANGE, Calif.—August 15, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 2,601 SF retail building on a 11,500 SF lot for $1.5 million. The property, which was occupied and leased to Jack in the Box, is located at 3111 E. Chapman Blvd. in Orange, Calif.

Chris Tramontano of the retail services group in Charles Dunn’s West Los Angeles office represented the seller, Edwin McLoughlin, an independent investor. The buyer, Jack in the Box, Inc., was represented in-house.

CHARLES DUNN COMPANY COMPLETES $6.9 MILLION AUTOMOTIVE SALES LEASE

SANTA MONICA/SEAL BEACH, Calif.—August 16, 2005—Charles Dunn Company, a full-service commercial real estate firm, has negotiated a 10 year/4 month, 44,652 SF automotive sales lease transaction for $6.9 million on behalf of Santa Monica Motorcars, LLC. The building is located at 2211 Michigan Ave. in Santa Monica, Calif.

Greg Gill and Eugene Page III, senior managing directors of Charles Dunn’s Seal Beach office and Tim Macker & Scott Carr of Westmac Commercial Brokerage represented the tenant, Santa Monica Motorcars, LLC. The landlord, Salenger Trust, was represented by Robert Dubbins at CB Richard Ellis.

According to Gill, the facility will be converted to a state-of-the-art service center for Infiniti of Santa Monica.

CHARLES DUNN COMPANY NEGOTIATES TWO SAN FRANCISCO TRANSACTIONS

Tomkins Family Limited Partnership Sells Retail Building and Purchases Mixed-Use Property for a Combined Total of 9,878SF and $5.9 Million

SAN FRANCISCO—August 17, 2005—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the purchase of a mixed-use (retail/apartment) building for $2.1 million and the sale of a retail building for $3.8 million on behalf of Tomkins Family Limited Partnership. The 2,678 SF mixed-use building is located at 1884 Union St. in San Francisco. The 7,200 SF two-story retail building is located at 4144 18th St. in San Francisco.

Steven Ring, regional vice president, and Sam Liss, a sales associate in Charles Dunn’s San Francisco office, represented Tomkins Family Limited Partnership in the purchase of the mixed-use building. The seller, Nissim Lanyadoo, was represented by Joe Lanyadoo of Union Street Realty.

"The property was a rare find due to the fact that it is located on one of the most popular streets for retail in San Francisco, making it a sound investment for the buyer", said Ring.

Steven Ring, regional vice president of Charles Dunn’s San Francisco office, represented Tomkins Family Partnership in the sale of the retail building. The buyer, who wishes to remain anonymous, represented itself.

CHARLES DUNN COMPANY SELLS MEDICAL OFFICE BUILDING FOR $8.1 MILLION

Charles Dunn Awarded Property Management Contract for Building

PASADENA, Calif./LOS ANGELES —August 25, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 32,562 SF medical office building for $8.1 million. Built in 1984, the property is located at 55 E. California Blvd. in Pasadena, Calif. Some of the building’s key tenants include: UCLA, Southern California Heart Specialists, Huntington Medical Foundation and Cal-Oaks Pharmacy.

Bob Harrison and Dennis Slattery, senior managing directors in Charles Dunn’s downtown Los Angeles office, represented both the seller, Cal Ray Medical Building Partnership and the buyer, Young Properties.

"The buyer purchased this property as an investment opportunity, since it is 100% leased and one block from Huntington Hospital,” said Harrison.

In addition, Charles Dunn Real Estate Services was awarded the property management contract for the building. Eileen Conn, senior portfolio manager, will serve as the account manager for the property.

LOS ANGELES/North Hollywood—July 12, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold the Valley Corporate Center, a 124,415 SF building with approximately 130,495 SF of land for approximately $17.6 million. This Class "A” industrial building is located at 12020, 12032 and 12033 Chandler Blvd. in Valley Village, Calif.

Albert Shilton, senior managing director with Charles Dunn’s West Los Angeles office, represented the buyer, Chandler Corners, LLC. The seller, David Metcalf, was represented by Stacey Vierheilig-Fraser, senior managing director with Charles Dunn’s Studio City office.

The current tenants in the building include the County of Los Angeles (occupying 43,268 SF) and Film Roman (occupying 47,868 SF).

CHARLES DUNN COMPANY COMPLETES $1.45 MILLION MULTIFAMILY SALE

LOS ANGELES/VENICE, Calif.—July 13, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 3,900 SF multifamily property for approximately $1.45 million. Built in 1991, the property is located at 709 Broadway St. in Venice, Calif. The building is 33% leased.

Glen Beer, director in Charles Dunn’s West Los Angeles office, represented the buyer, Venice Loft Partners. The seller, Jon Swire, represented himself.

"Venice Loft Partners has received conditional approval to convert these 2-bedroom/2-bathroom units from apartments into three condos,” said Beer. "This conversion will upgrade a neglected building and contribute to the revitalization of the area.”

CHARLES DUNN COMPANY COMPLETES $3.1 MILLION SALE OF SOUTH COAST TABERNACLE

GARDEN GROVE/NEWPORT BEACH, Calif.—July 15, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold South Coast Tabernacle, a 8,847 SF church for approximately $3.1 million. The property is located at 8552 Lampson Ave. in Garden Grove, Calif.

Suzanne Richie, managing director and Steve Ehrich, director in Charles Dunn’s Newport Beach office, represented the seller, South Coast Tabernacle. The buyer, Sun Moon Presbyterian Church, was represented by Hatty Hong of Team Spirit Realty.

"The seller, South Coast Tabernacle, had recently outgrown the property and needed a larger facility to accommodate its growth,” said Ehrich. "The buyer, Sun Moon Presbyterian Church, sold the property where they were previously located and will be moving to this facility.”

CHARLES DUNN COMPANY COMPLETES $3.3 MILLION RETAIL SALE

LOS ANGELES/LAKEWOOD, Calif. –July 18, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 9,280 SF retail building for approximately $3.3 million located at 4929-4943 Paramount Blvd. in Lakewood, Calif. The building’s major tenant is GameStop Inc., who leases 1500 sq. ft. The other 7,780 sq. ft. is vacant.

Chris Tramontano of the retail services group in Charles Dunn’s West Los Angeles office represented the seller, GRAE Paramount LLC. The buyer, Titans Capital LLC, was represented by Phil P. Nguyen of Century 21.

"The buyer plans to occupy 4,000-5,000 sq. ft. of this property, which is the middle parcel to a CVS/pharmacy and GSA-Social Security-anchored center,” said Tramontano. "The retail center, located on the northwest corner of Paramount and Del Amo Blvd., is situated in a prime market targeting more than 700,000 people within a 5-mile radius of the property.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR BAYSHORE PLAZA

Gilbert, Ariz.—July 25, 2005—Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of Bayshore Plaza, a 27,702 SF neighborhood retail center located at the northwest corner of Warner and Cooper in Gilbert, Ariz.

Built in 1998, the retail plaza’s major tenants include Starbucks, Radio Shack, Hollywood Video and Applebee’s. The owner is Davies Enterprises LLC.

"Davies Enterprises hired Charles Dunn to manage this building due to our existing relationship,” said Susan Dunst, regional vice president of Charles Dunn’s Phoenix office. "The goals are to increase occupancy from 92% to 100% and enhance the value of the property.”

CHARLES DUNN COMPANY SELLS TWO OFFICE BUILDINGS FOR $1.8 MILLION

STUDIO CITY, Calif.—July 26, 2005—The Studio City office of Charles Dunn Company, a full-service commercial real estate firm, has sold two office buildings for $1,825,000. These office buildings, which total 8,111, are located at 3743-3747 Cahuenga Blvd. West, Studio City.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented the buyers, David Pincus and Josh Kandal. The seller, Glenn Evans, was represented by Bill Randa at William Randa and Associates.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR 480,000 SF RETAIL DEVELOPMENT

SAN FRANCISCO—June 13, 2005—The San Francisco office of Charles Dunn Company, a full-service California-based commercial real estate and management firm, has assumed management of Gilroy Crossing, a 480,000 SF retail development located at the corner of Highway 101 and Highway 152 in Gilroy, Calif. Recently completed in 2004, Gilroy Crossing is owned by American Capital Group, LLC. and includes the following major tenants: Bed Bath & Beyond, Target, Petsmart, Barnes & Noble, Sportmart, Kohl’s Department Store and Michael’s.

The property will be managed under the strategic direction of Steven Ring CPM®, RPA, regional vice president in Charles Dunn’s San Francisco office.

"The owner of this property decided to retain our services due to our vast retail expertise, competitive pricing, flexibility, and, most importantly, our personal attention that requires the oversight of senior staff in the management of the property,” said Ring. "Our goal for this retail center is to turn the property into the premier destination for retail services in the soon to be highly competitive, growing region of Gilroy.”

CHARLES DUNN COMPANY COMPLETES $2.4 MILLION INDUSTRIAL SALE

MONTEBELLO/NEWPORT BEACH, Calif.—June 21, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 29,381 SF industrial building for approximately $2.4 million located at 1734 Gage Road in Montebello, Calif.

Hak Chung, director of Charles Dunn’s Newport Beach office represented the buyer, Sonette Inc., a leading manufacturer and supplier of Yupoong and Flexfit headwear. The seller, TEAC America, Inc., a leading manufacturer of computer products, digital recorders, mission recorders, data storage products, consumer electronics, and 911 systems, was represented by CB Richard Ellis.

"The buyer purchased this building as a relocation of corporate headquarters,” said Chung. "Additionally, the property’s prime location and large lot size added to the value of the investment.”

CHARLES DUNN COMPANY AWARDED 475,000 SF INDUSTRIAL PORTFOLIO ON BEHALF OF THE PETERS TRUST

LOS ANGELES/Ventura, Calif. —June 22, 2005—The Los Angeles office of Charles Dunn Company, a full-service commercial real estate and management firm, has assumed management of five industrial properties totaling approximately 475,000 SF on behalf of the Peters Trust.

The industrial properties are located throughout Los Angeles County specifically at Fairway Commerce Center, City of Industry (120,763 SF), Lycoming Business Center, Diamond Bar (41,847 SF), Dominguez Industrial Park, Carson (85,120 SF), Willow Palm Business Park, Signal Hill (121,855 SF) and Spring Business Center, Whittier (107,259 SF).

Eileen Conn, senior portfolio manager, will serve as the account manager for the properties.

"Our goals for the properties include increasing the value of all the projects through our diligent management approach thus reducing expenditures and maximizing all services for the owner,” said Conn. "Charles Dunn is honored to oversee operations and management of this industrial portfolio and look forward to building strong relationships with all tenants while increasing the level of service and support.”

Charles Dunn was selected as property manager due to the firm’s ability to provide detailed personal attention to its clients, reduce operating expenses and has the expertise to optimize property efficiency.

CHARLES DUNN COMPANY RENEWS PROPERTY MANAGEMENT CONTRACT FOR MAJOR SAN DIEGO SHOPPING CENTER

Jade Enterprises Purchases Murrieta Town Center for $37.1 Million

SAN DIEGO—June 30, 2005—Charles Dunn Company, a full-service commercial real estate and property management firm, has renewed its property management contract with Murrieta Town Center’s new owner – Jade Enterprises, a well-established real estate investment and development company.

Jade Enterprises recently purchased the 390,671 SF center for $37.1 million from the seller, Murrieta Town Center L.L. C. Located at 40461-40489 Murrieta Hot Springs Rd in San Diego, Calif., the center is 97% leased. Built in 1987 with a major renovation in 1990, the retail center offers major tenants such as Ralph’s, Sizzler, Toy’s R Us, Ross, Postal Annex, Taco Bell, Furniture Planet and Our Gang Furniture.

According to Bob Hitchcock, regional vice president of Charles Dunn Real Estate Services’ San Diego office, the firm has managed Murrieta Town Center for approximately three years. During this time period, the center’s occupancy increased from 64% to 97%.

"Over the past three years, we have achieved the following: enhanced the center’s net operating expenses, revitalized the physical condition of the building, evaluated and consulted on new leases and provided exceptional on-site property management service to all tenants and vendors,” said Hitchcock. "We are pleased to have Jade Enterprises as our new client and are looking forward to enhancing the value of this property. Our goal for the center includes a $2 million exterior renovation such as new signage and a remodel of one of the largest buildings within the property.”

CHARLES DUNN HIRES SENIOR ADVISOR FOR SAN FRANCISCO BROKERAGE TEAM

SAN FRANCISCO–May 4, 2005–Cody Winchester has joined Charles Dunn Company, Inc., a full-service commercial real estate firm, as senior sales and leasing advisor in the brokerage services group. He is based in the firm’s San Francisco

"Cody’s in-depth knowledge of the local and global economies, and the effects both have on the commercial real estate market make him an invaluable resource to his clients,” said Bradley Colton, executive vice president of Charles Dunn’s San Francisco office. "Through integrity, intelligence, instinct and ingenuity, Cody’s clients know their best interests are always his priority.”

Over the past seven years, Mr. Winchester has specialized in office leasing and investment sales throughout the San Francisco Bay area. Some of his notable clients include Nexant, Inc., Livingston Mix, LLP, Visual Communications Group, Healthcare Financial Solutions and MacFarlane Partners.

Prior to joining Charles Dunn, Mr. Winchester served as senior sales and leasing advisor for Arroyo & Coates, Inc., where he represented both tenants and landlords in the San Francisco real estate market.

Mr. Winchester received his bachelor’s degree in kinesiology from California Polytechnic State University, San Luis Obispo in 1997.

CHARLES DUNN COMPANY COMPLETES 84-MONTH INDUSTRIAL LEASE

SANTA FE SPRINGS/SEAL BEACH, Calif.—May 11, 2005—Charles Dunn Company, a full-service commercial real estate firm, has completed an 84-month, 15,147 SF industrial lease located at 10400 Pioneer Blvd., Unit #3, in Santa Fe Springs, Calif.

Greg Gill, senior managing director and Jeff Coburn, associate in Charles Dunn’s Seal Beach office, represented the tenant, Custom Building Products, a manufacturer of tile and stone installation, preparation, and care materials and supplies. The landlord, LBA-VIF One Santa Fe Center, LLC, was represented by Cameron Driscoll of Cushman & Wakefield.

"We were pleased to assist Custom Building Products in relocating their research laboratory and support operations to a new state-of-the-art facility, which also offers additional capacity for its production facility,” said Gill.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING IN EXCESS OF $9 MILLION

STUDIO CITY/NORTH HOLLYWOOD, Calif.—May 12, 2005—The Studio City office of Charles Dunn Company, a full-service commercial real estate firm, has sold a 60,000 SF office building in excess of $9 million. Built in 1962, the property is located at 10850 Riverside Dr. in North Hollywood, Calif.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented the seller, CenFed Financial Corp. The buyer, Venice Investments, was represented by Jeff Resnick of First Property Realty Corp.

"Venice Investments purchased this property as an investment opportunity, since this office building can be renovated and/or converted for another use,” said Resnick.

CHARLES DUNN COMPANY COMPLETES $5.25 MILLION MULTIFAMILY SALE

LOS ANGELES/HAWTHORNE, Calif.— May 16, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 58-unit multifamily property for approximately $5.25 million. Built in 1970, the property is located at 13519 Yukon Ave. in Hawthorne, Calif.

Albert Shilton, senior managing director in Charles Dunn’s West Los Angeles office, in association with Brad Vickrey of GVA Daum, represented both the buyer, Innovested XV and the seller, Yukon Apartments, LLC.

"This property offered the buyer, who is a syndicator of investment real estate, an opportunity for upside potential in a building that was well maintained,” said Shilton. "Additionally, it was built on a 58,153 SF lot which provides future development potential.”

CHARLES DUNN COMPANY COMPLETES $2.7 MILLION LAND SALE

LOS ANGELES—May 18, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 20,037 SF parcel of land for approximately $2.7 million. The site of a former Chevron gas station, the land is located at 10329 Palms Blvd. in Los Angeles, Calif.

Tanel Harunzade, director and George Russell, senior associate in Charles Dunn’s West Los Angeles office, represented the buyer, Heron Family Trust. Chris Tramontano, associate in Charles Dunn’s West Los Angeles office, represented the seller, a group of private investors from San Diego, Calif.

"This is an extraordinary site due to the fact that the land is set on a highly visible corner, adjacent to an alley,” said Russell. "The buyers plan to redevelop the property into a mixed-use project that will feature apartments over street level retail.”

CHARLES DUNN COMPANY COMPLETES FIVE YEAR INDUSTRIAL LEASE

LOS ANGELES/IRWINDALE, Calif.—April 7, 2005—Charles Dunn Company, a full-service commercial real estate firm, has completed a 5-year, 47,286 SF industrial lease transaction located at 5012 4th St. in Irwindale, Calif. The value of the transaction was undisclosed.

Robert Stover, managing director of Charles Dunn’s downtown Los Angeles office services group, represented the tenant, iHerb Inc., a world-class on-line store offering brand name nutritional supplements. The landlord, Yus Properties Corp., was represented by Shan Lee of GVA Daum’s Industry office.

“This lease is the result of the tenant’s incredible growth since its founding in 1997,” said Stover. “Herb is expanding and this building will accommodate their corporate headquarters as well as their warehouse.”

CHARLES DUNN COMPANY COMPLETES $5.5 MILLION LAND SALE

LOS ANGELES/PASADENA, Calif.—April 12, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 68,794 SF parcel of land located at 909 S. Fair Oaks Ave. in Pasadena, Calif. for $5.5 million.

Bob Harrison, senior managing director of Charles Dunn’s downtown Los Angeles office, represented both the buyer, Champion Development, a real estate development company specializing in prime urban-infill projects throughout Southern California, as well as the seller, Pacific Clinics, a non-profit behavioral healthcare agency.

"This transaction is part of Pacific Clinics’ long-term strategic plan to provide better access to services and further expand its programs for individuals and families in the Pasadena area,” said Harrison. "In addition, they will continue to offer services at the South Fair Oaks site as the lessee for the next 15 months as they research locations for additional community based services.”

Champion Development has entitled the property for a three-story, 118,000 SF commercial development for either retail or professional tenants. Harrison indicated that expressions of interest from tenants for the new development are currently being considered.

CHARLES DUNN COMPANY COMPLETES $2.3 MILLION INDUSTRIAL SALE

LOS ANGELES—April 12, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 12,337 SF industrial building for approximately $2.3 million located at 1025 N. McCadden Place in Los Angeles, Calif.

Rick Harrison, senior managing director and Mark Takeichi, director with Charles Dunn’s downtown Los Angeles office, represented the seller, The Carr Family Trust. The buyer, IM Chait Gallery, was represented by Canon Business Properties.

"This well located creative building in the Hollywood Media District drew much attention, had multiple offers and was ideally suited for an owner-user sale,” said Harrison.

CHARLES DUNN COMPANY COMPLETES $4.2 MILLION RETAIL SALE

$1200 price per square foot sets new precedent for W. Hollywood

LOS ANGELES/WEST HOLLYWOOD, Calif.—April 19, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 3,500 SF retail building for approximately $4.2 million located on N. Robertson Blvd. in West Hollywood, Calif. The building’s major tenants include Jonathan Kent Gallery and Anticini Gallery.

Jonathan Ahron of the Retail Services Group in Charles Dunn’s West Los Angeles office represented both the buyer, Robertson 46 LLC and the seller, Nathan Goller Revocable Trust.

"We believe this transaction has broken a record within the City of West Hollywood for one of the highest sales based on a price per square foot basis at $1200 per foot,” said Ahron. "Located on a corner lot with parking located in the rear of the property, the property offers unique character and architecture in an area that has appreciated exponentially within the last five years.”

Charles Dunn Hires Financial Retail Expert For West Los Angeles Brokerage Team

First Vice President for Salomon Smith Barney Joins Retail Services Group

WEST LOS ANGELES – April 19, 2005 – Reeve Ahron has joined Charles Dunn Company, Inc., a full-service commercial real estate firm, as an associate in the retail services group. He is based in the firm’s West Los Angeles, Calif. office.

Specializing in the assessment and valuation of storefront/sidewalk retail properties throughout the greater Los Angeles area, Ahron’s primary focus will include the West Los Angeles submarkets.

Prior to joining Charles Dunn, Ahron served as first vice president for Salomon Smith Barney, a full-service financial firm, where he managed assets in both the private and public sector. Some of his notable clients include Kaiser Permanente, Ameriquest Mortgage Co., Lexus Diamond Corp., Radisson Hotel and Carnival Transportation Services.

CHARLES DUNN COMPANY COMPLETES $1.9 MILLION MULTI-FAMILY SALE

LOS ANGELES/GLENDALE, Calif.— April 25, 2005 — Charles Dunn Company, a full-service commercial real estate firm, has sold a 12-unit apartment building for approximately $1.9 million. Built in 1962, the property is located at 601 E. Acacia Ave. in Glendale, Calif.

Chuck Dunn, director in Charles Dunn’s downtown Los Angeles office represented both the buyer, Paul Raad and the seller, Fay and Jay Limited Partnership.

"Fay and Jay Limited Partnership sold this building because they are transferring into a TIC retail property,” said Dunn. "This is the third property they have sold.”

CHARLES DUNN COMPANY COMPLETES $8.6 MILLION LAND SALE

LOS ANGELES/PASADENA, Calif.—March 1, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 5.51 acre parcel of land located at 3600 E. Foothill Blvd. in Pasadena, Calif. for $8.6 million.

Rick Harrison, senior managing director of Charles Dunn’s downtown Los Angeles office, represented both the buyer, Symes Properties, a third generation automobile retailer representing Toyota, Cadillac, Saab and Land Rover, as well as the seller, Air Logistics Corporation, a second generation manufacturer of composite products and logistical support machines.

"The Symes family has been in Pasadena for 56 years,” said John Symes, company spokesman. "Symes Toyota will relocate its existing 25,000-square-foot Pasadena dealership to a new state-of-the-art 70,000-square-foot facility, with plans to retail between 300 and 400 cars per month.”

CHARLES DUNN COMPANY SELLS 2.37 ACRE LAND PARCEL FOR $3.2 MILLION

IRVINE, Calif./SEAL BEACH, Calif.—March 1, 2005—The Seal Beach office of Charles Dunn Company, a full-service commercial real estate firm, has sold a 2.37 acre land parcel located at 9881 Research Drive in Irvine for approximately $3.2 million.

Gregory Gill, Senior Managing Director in Charles Dunn’s Seal Beach office, represented the buyer, Irvine Properties, LLC. The seller, Irvine Community Development Company, LLC was represented by Colliers Seeley.

"The property was purchased for the expansion of Irvine BMW, whose dealership currently occupies 11 acres,” said Gill. "This will ultimately serve as the headquarters for The Shelly Group, who own and operate several dealerships in Southern California.”

CHARLES DUNN COMPANY COMPLETES $9.2 MILLION OFFICE SALE

LOS ANGELES—March 10, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 150,000 SF office building for approximately $9.2 million located at 808-810 N. Spring St. in Los Angeles, Calif.

John Anthony, senior managing director of Charles Dunn’s downtown Los Angeles office, represented the seller, 808 Tower, LLC. Albert Shilton, senior managing director of Charles Dunn’s West Los Angeles office, represented the buyer, KOR Realty Group, LLC.

"My client decided to sell this property due to the hot residential conversion acquisition market in downtown Los Angeles,” said Anthony. "As a result, the buyer, KOR Realty, will be converting the project into residential units.”

CHARLES DUNN COMPANY AWARDED 219,000 SF PROPERTY MANAGEMENT CONTRACT FOR HERON BUILDING

LOS ANGELES—March 23, 2005—Charles Dunn, a full-service commercial real estate and management firm, has assumed management of the 219,000 SF Heron Building located at 510 West Sixth Street in Los Angeles, Calif. Built in 1925, the 12-story mixed-use office and retail building is owned by 6th and Olive, Inc. and is currently 83% leased.

Jerry Wang, executive vice president in Charles Dunn’s downtown Los Angeles office, will serve as account director for the property and Denise LeDoux, general manager in Charles Dunn’s downtown Los Angeles office, will serve as senior portfolio manager.

"Our goals for the building include reducing service contract and repair costs, as well as reaching full occupancy,” said LeDoux. "In addition, we plan to establish more effective policies and procedures by consolidating reports and establishing a preventative maintenance plan.”

Charles Dunn was selected as property manager due to the firm’s ability to provide detailed personal attention to its clients. In addition, the owners were seeking a property manager with the ability and experience in providing additional input for new ideas on improvements to the building.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR 14 PROPERTIES THROUGHOUT SOUTHERN CALIFORNIA

LOS ANGELES—March 28, 2005—The Los Angeles office of Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of 14 office, retail and residential properties totaling approximately 152,791 SF on behalf of Elkin’s Portfolio, a tenant-in-common (TIC) transaction which includes Beverly Westwood, Inc., City Improvement, Inc., Anita Elkins Trust and George Elkins Trust, et al.

The 14 properties are located at: 1559 Hacienda Blvd. in La Puente (2,310 SF)" 17975 Magnolia St. in Fountain Valley (22,136 SF)" 1598 E. Highland Ave. in San Bernardino (6,683 SF)" 14437/14509 Leffingwell Rd. in Whittier (24,494 SF)" 2300-2310 Huntington Dr. in San Marino (16,594 SF)" 106 S. Grand Ave. in Covina (1,900 SF)" 1050 Sixth St. in Corona (5,936 SF)" 2701 Gage Ave. in Los Angeles (13,500)" 1285 Vernon Ave. in Los Angeles (15,488 SF)" 8633 Grand Ave. in Rosemead (11,060 SF)" 309-313 N. Beverly Dr. in Beverly Hills (5,400 SF)" 9701-9725 Santa Monica Blvd. in Beverly Hills (15,890 SF)" 10407 Santa Monica Blvd. in Los Angeles (10,000 SF)" and 840 29th St. in Santa Monica (1,400 SF).

Patrick Conn, president of Property Management in Charles Dunn’s downtown Los Angeles office, will serve as the account manager for the portfolio and Denise LeDoux, general manager in Charles Dunn’s downtown Los Angeles office, will serve as senior portfolio manager.

"We are honored to oversee operations and management of this portfolio,” said LeDoux. "Our goal is to not only create long-lasting relationships with all tenants and provide excellent management services, but to meet the ownership’s goals and objectives as well.”

The owners of the portfolio 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 COMPANY COMPLETES $1.6 MILLION INDUSTRIAL SALE

LOS ANGELES/IRWINDALE, Calif.—March 28, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 14,172 SF industrial building for approximately $1.6 million located at 6360 N. Irwindale Ave. in Irwindale, Calif.

Robert Stover, managing director of Charles Dunn’s downtown Los Angeles office services group, represented the buyer, Galindo Family Trust. The seller, Wilkerson Family Trust, was represented by Lynn Knox, senior associate of CB Richard Ellis’s Glendale office.

"The buyer owns and operates a company called Elegant Design Specialty Linens, which provides table linens and accessories to major hotels and banquet facilities in the Los Angeles Basin,” said Stover. "This new building allows them to consolidate a number of storage facilities into one storage and operations location.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR GLIDE ECONOMIC DEVELOPMENT CORPORATION

Charles Dunn Will Serve in Advisory Role on Major Redevelopment Project

SAN FRANCISCO—March 31, 2005—The San Francisco office of Charles Dunn Company, a full-service California-based commercial real estate and management firm, has assumed management of a three-story, approximately 8,000 SF retail building and adjacent parking lot located at 210 Ellis St. in San Francisco, Calif. Owned by Glide Economic Development Corp., the building sits on a 22,924 SF site and takes up a quarter of a city block.

The property will be managed under the strategic direction of Steven Ring CPM®, RPA, regional vice president in Charles Dunn’s San Francisco office.
"Glide Economic Development Corporation has been working on acquiring the majority of the city block to complete a major redevelopment, which is located adjacent to the Hilton, Nikko and Renaissance Parc 55 hotels,” said Ring. "The city of San Francisco mayor’s office has been integral in assisting the Rev. Cecil Williams, CEO and Minister of Glide's National and International Ministries, with this project.”

The redevelopment project is expected to begin within the next two years and will consist of housing, retail components and possible convention center space. Charles Dunn will oversee management of the property and work in an advisory capacity with the board of directors for Glide Economic Development Corporation.

CHARLES DUNN ESTABLISHES NEW BROKERAGE DIVISION TO SERVE THE SAN FRANCISCO MARKET

Real Estate Veteran Hired to Spearhead the San Francisco Brokerage Division

SAN FRANCISCO –February 1, 2005– In an effort to expand the firm’s comprehensive brokerage services into the San Francisco market, Charles Dunn Company, a full-service commercial real estate and property management firm, has launched the San Francisco brokerage division, which will be led by seasoned real estate veteran Bradley L. Colton. As executive vice president & regional manager, Mr. Colton will be responsible for expanding the firm’s commercial real estate group in the San Francisco market as well as manage and staff the new division.

"Our intent is to penetrate this key market by adding seasoned real estate professionals that have in-depth knowledge in specific areas,” said Steven Ring, regional vice president of Charles Dunn Real Estate Management’s Services San Francisco office. "We are excited Brad has joined the Charles Dunn team for his vast experience in the sale and leasing of commercial office buildings in the greater San Francisco Bay Area as well as his expertise in landlord and tenant representation in the areas of office, retail and industrial requirements.”

Prior to joining Charles Dunn, Mr. Colton served as president of Arroyo & Coates Commercial Real Estate Services for more than five years. During his time with Arroyo, he achieved his main objective - to icrease market share for the firm in each of its various divisions. In addition, he was president of Colton Commercial Company, which he founded in 1984.

A graduate of the San Francisco State University, Mr. Colton received his master’s degree in secondary education and his bachelor’s degree in interdisciplinary social science. In addition, he completed advanced graduate studies at the University of San Francisco. Currently, he is a member of the San Francisco Chamber of Commerce and the San Francisco Urban Research Association (SPUR).

CHARLES DUNN COMPANY COMPLETES $3.1 MILLION RETAIL SALE

SAN FRANCISCO—February 1, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold an 11,450 SF retail building for approximately $3.1 million. Built 1911, the three-story building is located at 518 Sutter Street in San Francisco, Calif.

Steven M. Ring, regional vice president of Charles Dunn’s San Francisco office represented the buyer, Nancy Levin. Harold Kaufman of Kaufman Real Estate represented the seller, Sutter Street Properties, LLC.

"The buyer purchased this property because of its high visibility and walking traffic,” said Ring. "Located within one block of Union Square in the art gallery district, the building currently houses Louis Aronow Gallery and Far East Fine Arts.”

CHARLES DUNN COMPANY COMPLETES $2.3 MILLION INDUSTRIAL SALE

GARDEN GROVE, Calif./NEWPORT BEACH, Calif.—February 14, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 22,400 SF industrial building for approximately $2.3 million located at 12082 Western Ave. in Garden Grove, Calif.

Suzanne Richie, director and Steve Ehrich, director of Charles Dunn’s Newport Beach office represented the buyers, Joe and Georgette Ratanjee. James Wootan of CB Richard Ellis represented the seller, Cordrey & Cordrey.

"We are actively helping multiple tenants transition into building ownership, as was the case here,” said Ehrich.

CHARLES DUNN COMPANY COMPLETES $1.4 MILLION RETAIL SALE

LOS ANGELES/WINNETKA, Calif.—February 16, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 10,148 SF retail building on a 25,410 SF lot for approximately $1.4 million located at 7231-7245 Corbin Avenue in Winnetka, Calif.

Paul Kenworthy, managing director and Chris Tramontano, associate of Charles Dunn’s West Los Angeles office, represented both the buyer, Fred Plotke and the seller, G & T Center.

"The property was purchased by a local investor,” said Tramontano. "His plans include repositioning some of the current tenants, in addition to improving the overall cash flow as well as the outward appearance of the shopping center.”

CHARLES DUNN COMPANY COMPLETES $1.4 MILLION MULTI-FAMILY SALE

LOS ANGELES—February 16, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 16 unit multifamily property for approximately $1.4 million. Built in 1955, the building is located at 4456 S. Centinela Avenue in Los Angeles.

Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office represented the seller, 4456 Centinela Avenue Apartments Group. Cameron Broumond represented the buyer, Forward Progress Management Real Estate Fund II, LLC.

"The property is being considered as a future potential development site for additional multifamily housing units,” said Hibbert.

CHARLES DUNN COMPANY CLOSES $1.3 MILLION LEASE TRANSACTION

LOS ANGELES/SIMI VALLEY, Calif.—February 22, 2005—Charles Dunn Company, a full-service commercial real estate firm, has completed a 4-year, 19,645 SF lease transaction for approximately $1.3 million on behalf of Nortel Networks. The office space is located at 4100 Guardian St. in Simi Valley, Calif.

Joe Faulkner, executive managing director, Dennis Slattery, senior managing director and Chris Cunningham, associate in Charles Dunn’s downtown Los Angeles office represented the sublessor, Nortel Networks, in cooperation with Chris Joyner, executive vice president of Fischer & Co. in Dallas, Texas. The sublessee, D.R. Horton Los Angeles Holding Inc., was represented by Gary Bender, president of Corporate Realty Advisors in Dallas, as well as Nancy Stark, first vice president and John LaSpada of CB Richard Ellis.

"D.R. Horton is one of the largest, publicly traded housing developers in the U.S.,” said Faulkner. "This represents a substantial expansion of their efforts to develop housing in California.”

CHARLES DUNN COMPANY HIRES ON-SITE PROPERTY MANAGER FOR SAN DIEGO OFFICE

SAN DIEGO/MURRIETA, Calif.—February 28, 2005—LaVonna Lumly has joined Charles Dunn Company, a full-service commercial real estate firm, as on-site property manager of the Murrieta Town Center in Murrieta. Her responsibilities include creating and maintaining tenant relationships, managing lease contracts and overseeing maintenance of the property.

With more than 15 years experience in commercial property management, Lumly’s background also includes portfolio management and construction administration. Prior to joining Charles Dunn, she served as on-site building manager/property manager/construction administrator for Thomas Properties/Tioga Construction in Walnut Creek, Calif. Other previous positions include serving as portfolio manager for CB Commercial Real Estate in Pleasanton, Calif. and Oakland, Calif. Lumly currently holds a California Real Estate License as well as a Notary Public Commission.

CHARLES DUNN COMPANY CLOSES $10 MILLION LEASE TRANSACTION

LOS ANGELES—January 11, 2005—Charles Dunn Company, a full-service commercial real estate firm, has completed a 5-year, 81,480 SF lease transaction for approximately $10 million on behalf of the Executive Offices of Immigration Review. The office space is located at 606 South Olive Street in Los Angeles, Calif.

John Anthony, senior managing director in Charles Dunn’s downtown Los Angeles brokerage office, represented the landlord, 606 South Olive, LLC. The tenant, Executive Offices of Immigration Review, was represented in-house.

"The lease represents a further 5-year commitment of the federal government within the central business district of downtown Los Angeles,” said Anthony. "Additionally, the location of the building and its proximity to overflow parking and the Metro Rail at the adjacent Pershing Square were key factors in the transaction.”

CHARLES DUNN COMPANY COMPLETES $1 MILLION RETAIL SALE

LOS ANGELES—January 12, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a 5,280 SF retail building for approximately $1 million located at 1720 W. Sunset Blvd. in Los Angeles, Calif.

Charles F. Dunn, director of Charles Dunn’s West Los Angeles office represented both the buyer, Raad Family Trust and the seller, George Stanton.

"Since the previous tenant, Payless Shoe Source, decided to relocate, we had the opportunity to list this retail building for lease or sale,” said Dunn.

CHARLES DUNN COMPANY COMPLETES $3.2 MILLION RETAIL SALE

LOS ANGELES/MANHATTAN BEACH, Calif.—January 13, 2005—Charles Dunn Company, a full-service commercial real estate firm, has sold a single tenant retail building for approximately $3.2 million. The property sits on a half acre of land located at 815 N. Sepulveda Blvd. in Manhattan Beach, Calif.

Charles DeSantis, managing director and Brian Jensen of Charles Dunn’s West Los Angeles office represented the buyers. Tanel Harunzade, director and Jonathan Ahron, associate of Charles Dunn’s West Los Angeles, represented the seller, Midtown Niki Group.

"Our client purchased this Jack-in-the-Box restaurant as part of an asset reallocation. The property’s prime Manhattan Beach location and large lot size offer a tremendous opportunity for them going forward” said Jensen.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR $1.1 MILLION

LOS ANGELES/STUDIO CITY, Calif.—January 17, 2005—The Studio City office of Charles Dunn Company, a full-service commercial real estate firm, has sold a 3,000 SF office building for approximately $1.1 million. Built in 1946, the building is located at 11836 Pico Blvd. in Los Angeles, Calif.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented the buyer, Barton-Holt. Anita Finkelstein of Coldwell Banker Commercial represented seller, Greene Family Trust.

"Barton-Holt comprises a team of composers and sound designers based in Los Angeles,” said Vierheilig-Fraser. "They were previously leasing another building, but decided to buy this one as their clientele is continuously expanding.”

CHARLES DUNN COMPANY COMPLETES $1.7 MILLION SUB-LEASE

LOS ANGELES—January 19, 2005—Charles Dunn Company, a full-service commercial real estate firm, has completed a 54-month, 26,628 SF sub-lease and extension for approximately $1.7 million. The tenant expanded and subleased approximately 18,000 SF and extended their existing leases approximately 8,628 SF to occupy the entire seventh floor of the office building, located at 818 West 7th Street in Los Angeles, Calif.

John Anthony, senior managing director and Andrew Altman, associate of Charles Dunn’s downtown Los Angeles office represented the sub-lessee, Oversee.net, an online advertising company. The landlord, Downtown Properties and sub-landlord, XO Communications were represented in-house.

"Oversee.net is an existing tenant and decided to renew their sub-lease, allowing them to expand their existing space within the building,” said Anthony.

© 2008 Charles Dunn Company