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CHARLES DUNN COMPANY NEGOTIATES 10,425-SQUARE-FOOT OFFICE LEASE

CYPRESS, Calif./LONG BEACH, Calif. — December 5, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has negotiated an 87-month, 10,425-square-foot office lease for an undisclosed amount. Built in 1998, the well maintained class-B property is located at 10801 Walker Street in Cypress, Calif. The two-story building is anchored by PacifiCare, a well-known consumer health organization that provides healthcare and insurance products.

Shaun McCullough, Jeff Coburn and Greg Gill in Charles Dunn’s Long Beach office, represented the landlord, Marvin L. Oates of the Buzz Oates Group of Companies, a commercial real estate development company based in Sacramento, Calif. The tenant, Murphy, Murphy & Murphy, a CPA group with more than 20 employees, was represented by Greg Marshall of Voit Commercial Brokerage.

According to McCullough, Murphy, Murphy & Murphy is relocating from Los Alamitos, Calif. to expand its operations. The move to this location should be complete by January 2007.

The building recently underwent a renovation of the common areas. Upgrades to the building included interior and exterior painting, new tile flooring, artwork as well as carpet.

CHARLES DUNN COMPANY COMPLETES SALE OF RETAIL BUILDING FOR MORE THAN $7 MILLION

WEST HOLLYWOOD, Calif./LOS ANGELES—December 7, 2006— Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of an 8,583-square-foot retail building for $7.3 million. Located at 8900 Santa Monica Blvd. between Robertson and San Vincente boulevards, this class-A property is situated in the heart of West Hollywood.

Jonathan Ahron, director, and David Aschkenasy of Charles Dunn’s West Los Angeles office, represented both the buyer, Ramesh Ohebsion, a private investor and the seller, Ah Men Inc.

“Santa Monica Boulevard is the main thoroughfare of West Hollywood’s retail market,” said Aschkenasy. “This high traffic area makes it easier for the buyer to attract and retain good quality tenants in a community where residents have significant disposable incomes.”

According to Aschkenasy, the buyer purchased the property as a personal investment and plans to manage the facility himself. Built in 1954, this two-story building is 100-percent occupied. Current tenants include Citibank, Mrs. Fields, The Gay and Lesbian Center and a jewelry store.

In the last six months, Ahron and Aschkenasy have negotiated an additional $11 million in retail sales along Santa Monica Blvd. including:

8929 Santa Monica Blvd. - This 3,170-square-foot retail building, also located in West Hollywood, sold for $2.84 million.
9085 Santa Monica Blvd. – This 3,000-square-foot retail building, which has been occupied by Beverly Hills Karate for more than 30 years, sold for $1.65 million.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACTS FOR EIGHT PROPERTIES

Firm Adds Eight Bay Area Contracts to Portfolio

SAN FRANCISCO—December 18, 2006— Charles Dunn Company, a full-service commercial real estate and management firm, has increased its Northern California management portfolio by eight properties. The portfolio consists of four multifamily properties, two office buildings, one retail and one mixed-use (retail/office) building. Steven Ring, regional vice-president of Charles Dunn’s San Francisco office, will oversee the management of these properties.

With a combined total of 48 units located throughout the Bay Area, the following multifamily properties are now a part of Charles Dunn’s expanded portfolio:

Mission Park Apartments: This nine-unit, 6,500-square-foot complex is located at 93 & 95 Park St./3742 Mission St. in San Francisco.
9 August Alley: A 6,789-square-foot, 15-unit apartment building located in San Francisco.
5 Murray St.: With 20 units, this 25,800-square-foot complex is located in San Francisco.
Miles Avenue Apartments: This 3,500- square-foot, four-unit apartment building is located at 5627-5633 Miles Ave. in Oakland.

Also, the portfolio includes the Solano Professional Building, an office facility located at 1760 Solano Ave. in the colorful city of Berkeley. Anchored by RE/MAX, who occupies the ground floor, this 17,630-square-foot office building also consists of 20 various tenants including dental, doctor and insurance offices.

In addition, the firm assumed management of the San Pablo Shopping Center, a 16,430-square-foot retail complex located at 14420-50 San Pablo Ave. in San Pablo. Kragen Auto serves as the anchor of the building that also has a total of six retail stores and one office suite.

Additional properties included in the portfolio are the Franklin Street Building, a 12,250-square-foot, two-story building, which is home to Legendary Palace Restaurant, located at 708 Franklin St. in Oakland; and 1435 Stockton St., a 13,110- square foot, mixed-use (retail/office) building anchored by U.S. Bank and East Wind Books in San Francisco.

CHARLES DUNN COMPANY COMPLETES OFFICE LEASE FOR MORE THAN $24 MILLION

Firm Negotiates 10-Year Lease Renewal in Historical Civic Center District of Pasadena, Calif.

PASADENA, Calif./LOS ANGELES—DATE—Charles Dunn Company, a full-service commercial real estate firm, has negotiated a 10-year office lease renewal for $24.7 million. A part of Plaza Las Fuentes, this eight-story building is located at 135 N. Los Robles Ave. in Pasadena, Calif. At 100 percent occupancy, this elegant Class A building, which spans 183,614 square feet, is currently home to businesses such as Fannie Mae, East West Bank and Fed Ex Kinko’s. Under the terms of the new agreement, Fannie Mae’s office space will increase from 49,000 square feet to 61,655 square feet.

John Anthony, senior managing director in Charles Dunn’s downtown Los Angeles office, and Dan Paterson of Swearingen Realty Group represented the tenant, Federal National Mortgage Association (Fannie Mae). The owner, Maguire Properties, was represented in-house.

According to Anthony, Fannie Mae has had much success at the Pasadena location and needed the additional square footage to add new employees as well as accommodate the growing business. Plans have also been made to remodel the existing space.

Designed by architect Moore Ruble Yudell with Spanish-Mediterranean-style construction, Plaza Las Fuentes is located in the historical civic center district of Pasadena. Built in 1989, the property was awarded the “Building of the Year” award by the Building Operating Management Association (BOMA) in 1999; and the Los Angeles Beautiful Landscape Architecture Award in 1993. Plaza Las Fuentes also includes a Westin Hotel and several restaurants.

CHARLES DUNN COMPANY COMPLETES LAND LEASE OF HISTORIC WESTWOOD LANDMARK VALUED IN EXCESS OF $25 MILLION

Lease includes control rights to existing mixed-use building

LOS ANGELES—November 15, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated a 60-year, triple-net-property land lease valued in excess of $25 million. The parcel is located on the corner of Kinross and Glendon Avenues in the heart of the Westwood Village area at 1101 Glendon Ave. in Los Angeles.

Paul Kenworthy, CCIM, managing director of Charles Dunn’s investment services group, represented the lessor, Chan Family Trust. Doug Payne, of Charles Dunn’s retail services group, represented the lessee, 1101 Glendon Avenue LLC. Kenworthy and Payne are based in Charles Dunn’s West Los Angeles office.

“This land lease is unusual because the lessee gets the benefit of managing a developed, 100 percent occupied, income producing property,” said Kenworthy. “Yet the lessor gets a steady stream of income without the responsibility of property management, building maintenance, taxes and insurance.”

According to Kenworthy, the building tenants currently pay rents below market value at an average of $2 per square foot, while the going rate in that area is $3.50 to $4.00 per square foot. So over the course of the 60-year lease, the potential for garnering higher rents is immense, which will provide the lessee with a bigger return on its investment.

The two-story, 1930s-style brick building sits on approximately a quarter-acre of land, and is comprised of approximately 4,000-square-feet of office space and 12,000-square-feet of retail space within the more than 16,000-square-foot building.

Tenants on the property include two jewelry stores; three restaurants, including the Acapulco Restaurant and Häagen Dazs; and four boutique office suites. All the tenants are long-term occupants who like the area because of its high traffic and visibility.

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR $3.9 MILLION

Company closes $17.5 million in West Hollywood retail transactions in three months

LOS ANGELES—October 2, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 5,600-square-foot retail building for $3.9 million. The property, located at 8010-8014 Melrose Ave., is the fourth West Hollywood retail transaction that Charles Dunn has brokered in the past three months.

Jonathan Ahron, director, and David Aschkenasy of Charles Dunn’s West Los Angeles office represented the buyer, Aviva Melrose, LLC. The seller, Gerda Loeb Properties, was represented by Ron Fleishman of Legend Financial.

According to Ahron, the buyer plans to re-tenant the five-unit property with high-end fashion retailers in order to increase revenues and capitalize on the high-traffic location.

“West Hollywood is a hot rental market due to its proximity to Beverly Hills without the Beverly Hills price tag,” said Ahron. “We have seen an increase in sales over the summer and are expecting the market to continue on this path.”
During the summer, Charles Dunn closed a total of more than $17.5 million worth of transactions in the West Hollywood retail market. Previous sales include:

8457 Melrose Place—This 4,639-square-foot property sold for $8 million, which, at about $1725 per square foot, is the all-time highest price per-square-foot in West Hollywood.
8929 Santa Monica Blvd.—The buyer of this 3,170-square-foot property, which sold for $2.84 million, plans to re-tenant with a restaurant or bar to take advantage of area foot traffic.
7955-7959 Melrose Ave.—Home to popular retailers Tarina Tarantino and MaDuZi, this retail property comprises 2,925 square feet and sold for $2.8 million.

High rents in the area, combined with the unavailability of similar Beverly Hills properties, make West Hollywood a hot market for buyers and investors. According to Ahron, many retailers who have been renting in Beverly Hills are leaving the area for slightly more affordable West Hollywood locations.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR MORE THAN $3 MILLION

VENICE, Calif./LOS ANGELES —October 12, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of an 8,280-square-foot multifamily building for $3.1 million. Located just one block away from the ocean, this 29-unit, three-story apartment building is 100-percent occupied. Built in 1912, the property is located at 101 Dudley Ave. in Venice, Calif.

Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office, represented both the seller, Lally Family Trust, and the buyer, Antoine Ohannessian, a private investor.

In 2003, the building underwent major renovations including a new roof, an upgraded plumbing and electrical system, new heating, paint, perimeter lighting, secured entry and improved parking areas. According to Hibbert, the buyer plans to add value to the property by performing additional renovations.

“The buyer was attracted to this property because of its excellent Venice location,” said Hibbert. “Because he already owns 30 units on the same street, there’s potential for a larger return on his investment.”

CHARLES DUNN COMPANY COMPLETES $1.65 MILLION RETAIL SALE

LOS ANGELES—October 16, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 3,000-square-foot retail building for $1.65 million. Located at 9085 Santa Monica Blvd. in Los Angeles, the property is 100 percent occupied.

Jonathan Ahron, director, and David Aschkenasy of Charles Dunn’s West Los Angeles office represented the buyer, Monte Overstreet, and the seller, Stephen Berger.

Built in 1924, the property has two units occupied by Beverly Hills Karate Academy, which has been at the same address since 1970, and Morseburg Art Gallery, which is leaving the space at the end of October.

According to Ahron, the buyer owns many properties in the West Hollywood market, especially along Santa Monica Blvd., and purchased this location to add to his growing portfolio. The seller plans to use the profits from this transaction to purchase a triple-net property with higher cash flow.

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR $1.9 MILLION

COMPTON, Calif./LOS ANGELES —October 19, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 9,180-square-foot retail building for $1.9 million. The single-tenant building is located at 15208 S. Avalon Blvd. in Compton, Calif.

Ingrid White, senior managing director in Charles Dunn’s downtown Los Angeles office, represented the sellers, Cynthia & Welton Abbott. Century 21 Action represented the buyer, Monique Fordham. Both parties are independent investors.

The buyer purchased the land as well as the assets of the 15-year-old building, which was previously Wonderland Angels Nursery and Preschool Inc. According to White, the buyer will continue to use the property as a day care center and nursery.

“The buyer made an advantageous move by investing in a community that greatly needs well thought out retail developments and mixed-use projects,” said White. “Usually, residents in this area have to travel to neighboring cities in order to find decent products and services.”

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR NEARLY $3 MILLION

LOS ANGELES —October 25, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 12,500-square-foot luxury apartment building in West Los Angeles for $2.9 million. Built in 2001, the three-story, wood-frame, stucco building is located at 1625 Butler Ave., just minutes away from the Westside Pavilion.

Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office, represented the sellers, Silver Oak Holdings LLC and Matt Nelson, who were the original developers of the property. Bill Moran of Millennium Real Estate Services represented the buyer, AMM Enterprises, LLC.

“The buyer recognized the potential value of this investment,” said Hibbert. “There are very few newer apartment buildings for sale or under construction on the Westside, and with the current state of the housing market, many people are now looking to rent.”

According to Hibbert, the transaction was a part of a 1031 exchange from the sale of a vacant parcel of land. The 100-percent occupied, nine-unit, apartment building consists of two-single/one-bath and seven two-bedroom/two-bath units with rents ranging from $1,125 to $1,973.

CHARLES DUNN COMPANY COMPLETES $1.5 MILLION RETAIL SALE

FOUNTAIN HILLS, Ariz./LOS ANGELES—October 31, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 1,600-square-foot retail building for $1.5 million. Built in 1996, the single-tenant facility is located at 16758 East Parkview in Fountain Hills, Ariz., a suburb of Scottsdale.

Jonathan Ahron, director, and David Aschkenasy of Charles Dunn’s West Los Angeles office represented the buyer, Two Worthless Sons LLC. Chip Diamond of Diamond Properties represented the seller, Jiffy Properties, which has occupied the building for the past ten years.

According to Ahron, the transaction is part of a 1031 exchange from the sale of a two-tenant retail building in West Hollywood, Calif. He says the buyer, who owns several properties in Arizona, wanted to invest their profit in a familiar market.

“We were able to negotiate a sale-leaseback on behalf of our client, with the seller signing a 15-year lease to remain on the property,” said Ahron. “This gives the buyer a long-term renter and steady income without the hassle of searching for a new tenant to occupy the building.”

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR $2.8 MILLION

LOS ANGELES—September 5, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 2,925-square-foot retail building for $2.8 million. The property is located at 7955-7959 Melrose Ave. in Los Angeles.

Jonathan Ahron, director of Charles Dunn’s West Los Angeles office, represented the seller, Robert Kahn. Robb Bader of Sachse Real Estate represented the buyer, John Janneck.

Built in 1947, the property consists of three units, which are occupied by MaDuZi, a women’s clothing boutique, Tarina Tarantino, which sells jewelry and accessories, and Changes Beauty Center, a beauty supply store.

According to Ahron, the buyer is a strong believer in the Melrose market and already owns property in the area. He made this purchase as the completion of a 1031 exchange.

CHARLES DUNN COMPANY COMPLETES OFFICE SALE FOR $3 MILLION

LOS ANGELES — September 7, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 16,000-square-foot office building for $3.3 million. The property is located at 5420 N. Figueroa St. in Los Angeles.

Bob Harrison, senior managing director of Charles Dunn’s downtown Los Angeles office, represented both the buyer, Northeast Community Clinic Inc. (NECC), and the seller, Sang Kim.

According to Harrison, NECC will use a portion of the building for its own clinic, which will further serve the community and establish its presence in Highland Park. NECC is a non-profit organization providing health services to the neighborhoods of Boyle Heights, City Terrace, Eagle Rock, Glassell Park, Lincoln Heights, Highland Park and El Sereno. The organization’s main clinic is located just blocks from the new property at 5564 N. Figueroa St.

CHARLES DUNN COMPANY COMPLETES FOUR TRANSACTIONS FOR MORE THAN $10 MILLION

Broker secures land value for two apartment complexes and completes 1031 exchange for two retail properties

LOS ANGELES—September 11, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of 11260 Missouri Ave. in Los Angeles for $3.65 million; 1921 Beloit Ave. in Los Angeles for $3.45 million; 8500 Argyle Forest Blvd. in Jacksonville, Fla., for $1.58 million; and 200 Norman Center Court in Norman, Okla., for $1.6 million.

Paul Kenworthy, CCIM, managing director of Charles Dunn’s West Los Angeles office, represented all the parties in each of the four commercial real estate transactions, which totaled $10.28 million.

The first transactions completed by Kenworthy were on behalf of two Los Angeles-area apartment building owners, who sold their properties to a local land developer, Amoroso Companies.

Kenworthy secured the developer to purchase the two adjacent apartment complexes for their land value prices. The land was worth approximately twice the value of the 1960s-era apartment buildings, which had an estimated ‘building value’ of approximately $1.8 million each.

11260 Missouri Ave. was sold by Heron Trust for $3.65 million and comprises approximately .34 acres of land with a 12,546-square-foot, 19-unit apartment building. The $3.45-million sale of 1921 Beloit Ave., which consists of a 15,048-square-foot, 11-unit apartment building on approximately .42 acres of land, allowed the seller, Matlin Trust, to complete a 1031 exchange for the purchase of two retail properties.

Amoroso Companies plans to tear down the apartment buildings by next summer and replace them with 63 condos in a four-story structure to be completed by winter 2008. With two- and three-bedroom floor plans averaging 1,500 square feet, these condos will more than double the occupancy of the previous apartment buildings.

Kenworthy also represented Matlin Trust in the completion of a 1031 exchange to purchase a 7,860-square-foot retail property located at 8500 Argyle Forest Blvd. and 200 Norman Center Court, which is a 9,008-square-foot retail property. The sellers of the retail properties were also represented by Kenworthy.

“Matlin Trust chose to sell its management-intensive West Los Angeles apartment building and reinvest in single-tenant, triple net deals,” said Kenworthy. “With this new investment, they were able to more than double their cash flow with higher, out-of-state returns and remove the necessity for management.”

According to Kenworthy, these particular properties were chosen because of their prime locations in each market and the fact that they are leased to national, publicly traded companies. The property at 8500 Argyle Forest Blvd. is occupied by Childtime Learning Center, a network of private childcare facilities with 260 locations nationwide. Situated near the Sooner Fashion mall, 200 Norman Center Court is home to a Pier 1.

CHARLES DUNN COMPANY COMPLETES LAND SALE FOR $5 MILLION

FERNDALE, Calif./LOS ANGELES—September 18, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of 989 acres of land in Humboldt County for $5 million. Located at 12191 Mattole Road in Ferndale, the vacant parcel sits on 20 miles of coastline south of Eureka, Calif.

Jonathan Ahron, director of Charles Dunn’s West Los Angeles office, represented the seller, Sylvia Sterling. The buyer, Eugene Gabrych, was represented by Ray Ekhert of Humboldt Trinity Real Estate.

According to Ahron, the buyer plans to leave the land mostly as-is, only building a vacation house on the property.

CHARLES DUNN COMPANY’S REGIONAL VICE PRESIDENT APPOINTED PRESIDENT OF LOCAL INSTITUTE OF REAL ESTATE MANAGEMENT CHAPTER

LOS ANGELES– September 20, 2006 – Bill Wenger, CPM and regional vice president of Charles Dunn Company’s Real Estate Management Services, has been appointed to president of the Greater Los Angeles Chapter of the Institute of Real Estate Management (IREM).

During his one-year term, which begins October 6, Wenger will be responsible for the chapter’s short- and long-term strategic planning, and implementing those objectives.

“This position requires time and dedication, and I am up for the challenge,” said Wenger. “I hope to be able to strengthen our IREM chapter by building the membership and increasing participation in the organization.”

Currently, the Greater Los Angeles Chapter boasts more than 700 members, many of whom are employed by some of the world’s most prestigious real estate firms.

Previously, Wenger has served as the chapter’s vice president of legislation, vice president of administration and president-elect. He is also a member of the IREM national Legislation and Public Policy Committee, where he deals with legislation on a state and federal basis.

Wenger, an active member of IREM for almost 20 years, succeeds Clay Dunning, vice president of Kastle Systems in Culver City, in this position. He also follows in the footsteps of former IREM President Walter Conn, chairman of the board at Charles Dunn Company.

“We are proud to have Bill as our new IREM president,” said Conn. “His vast experience in property management, knowledge and enthusiasm will be a great asset to the organization.”

From 2004 to 2005, Wenger continued his work with IREM during a one-year voluntary military tour of duty in OPERATION IRAQI FREEDOM. A retired army Colonel with 32 years of active service, Wenger volunteered for six months at the Multinational Force Headquarters in Baghdad, Iraq, providing operational connectivity between the U.S. Embassy, Baghdad and the Coalition Forces. He then worked for another six months of field duty as Chief of Border Enforcement for Iraq, 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.

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.

A Certified Property Manager and Registered Property Administrator, Wenger 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), and a member of Building Owners and Managers Institute International (BOMI).

IREM is a professional association for managers of income producing property. For more than 70 years, the organization has been a source for education, resources and information for thousands real estate management professionals worldwide. Its members are employed by some of the most prestigious real estate firms in the world, and nearly 70 percent hold upper-level management positions. IREM members manage nearly 850 billion in real estate assets. There are more than 80 chapters across the globe.

NEWPORT BEACH OFFICE RELOCATES TO REDSTONE PLAZA

The Newport Beach office of Charles Dunn Management has relocated to the Redstone Plaza Building 4041 MacArthur Blvd., Suite 475, Newport Beach, CA 92660. The telephone numbers remain the same and the fax number for Brokerage Offices has been changed to 949-752-5410. The new office is closer to the 73 Freeway; however, it can also be accessible from the 405 Freeway as well and only a mile southwest away from the previous location.

Tom Arai, the Regional Vice President for Orange County, says that their new offices are located in a highly visible and recognizable office complex and is centrally located in the heart of the Newport Beach business district.

CHARLES DUNN COMPANY COMPLETES INDUSTRIAL SALE FOR $2 MILLION

CARSON, Calif./LOS ANGELES — August 2, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 18,676-square-foot industrial building for $2.2 million. The property is located at 22500 Avalon Blvd. in Carson.

Hak Chung, director in Charles Dunn’s downtown Los Angeles, represented the buyer, Podowon Baptist Church. Bankers Realty represented the seller, Ki W. Uhm.

Built in 1971, the building is currently vacant. The buyer plans to use the property as a church, with a projected move-in date of September 2006.

Chung, who is fluent in Korean, focuses primarily on Southern California’s Korean-American commercial real estate market. In this transaction, both the buyer and seller are Korean, so much of the communication was in Korean.

CHARLES DUNN COMPANY COMPLETES INDUSTRIAL SALE FOR $1.3 MILLION

RENO, Nev./LOS ANGELES — August 7, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 20,000-square-foot industrial building for $1.3 million. Built in 1965, the building is located at 1050 Matley Lane in Reno, Nev.

Rick Harrison, senior managing director of Charles Dunn’s downtown Los Angeles office, represented the seller, Philipson Business Properties, a Nevada limited partnership. The buyer, 1050 Matley, LLC, was represented by the Reno office of CB Richard Ellis.

The property is currently occupied by DeLoux Cosmetology, a cosmetology school.

According to Harrison, this is the second time Charles Dunn has sold this property, with the first sale occurring in 2002. Philipson Business Properties will be exchanging this property for another triple net (NNN) property.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR $1.8 MILLION

GLENDALE, Calif. — August 9, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 15 unit apartment building for $1.82 million. The building is located at 511 S. Verdugo Rd. in Glendale, Calif.

Chuck Dunn, director in Charles Dunn’s downtown Los Angeles, represented the buyer, Monica, LLC, a private investor. Kirk Kabaklian of Kabaklian Realty represented the seller, 511 S. Verdugo, LLC.

Built in 1962, the building is 100 percent occupied.

CHARLES DUNN COMPANY COMPLETES INDUSTRIAL SALE FOR $1.4 MILLION

COMPTON/LONG BEACH, Calif. — August 14, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 10,600-square-foot industrial building on a 23,600-square-foot lot for $1.4 million. The property is located at 1505 West Mahalo Place in Compton.

Gene Page and Greg Gill, senior managing directors, and Mark Dorbayan, associate, of Charles Dunn’s Long Beach office, represented the buyer, Bourhis Mold, Inc., a designer and builder of plastic and diecast molds. The seller, the Delzell Foundation, was represented by Grubb and Ellis.

The property is an owner-occupied building in an industrial park adjacent to Dominguez Technology Center, with easy access to the 91, 110, 405 and 710 freeways.

“John Sesto, the owner of Bourhis Mold, purchased this property to house his manufacturing facility due to low vacancy rates in the industrial market in Los Angeles County, substantial landlord pricing power and relatively low interest rates,” said Dorbayan.

According to Page, Sesto plans to move in shortly.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR $2 MILLION

LOS ANGELES— August 16, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 12,155-square-foot multifamily building for $2.1 million. Located at 1837-1841 S. Redondo Blvd. in Los Angeles, the property consists of two apartment buildings with eight units each.Michel Hibbert, senior managing director in Charles Dunn’s West Los Angeles office, represented the seller, Westside Housing Solutions, LLC. The buyers, Wegmann Trust and Gatarz Trust, were represented by RE/MAX Sunset.

Built in 1950, the property consists of 10- one bedroom/one bath units and six- two bedroom/one bath units. Amenities include laundry facilities and carports, and the building was recently painted. The property is near full occupancy with rent per unit ranging from $747 to $1202 a month.

CHARLES DUNN ASSUMES MANAGEMENT OF CITY AND COUNTY OF SAN FRANCISCO’S MULTIFAMILY PROPERTY

Contract is for the 140-Unit Midtown Park Apartments

SAN FRANCISCO —August 21, 2006—The San Francisco office of Charles Dunn Company, a full-service commercial real estate and management firm, has assumed management of the 140-unit Midtown Park Apartments, which occupies an entire city block located at the corner of Geary and Divisadero Streets in San Francisco. Under the 17-month contract, which includes an option to renew for two years, Charles Dunn will provide management on behalf of the City and County of San Francisco.

Steven Ring CPM®, RPA, regional vice president in Charles Dunn’s San Francisco office, will oversee management of the property.

“Since the late 1960s, the city has been providing affordable housing at Midtown Park Apartments for low- to moderate-income residents,” said Ring. “Our goal is to not only create long-lasting relationships with all tenants and provide excellent management services, but also implement an aggressive rehabilitation plan to upgrade the property.”

The only City of San Francisco-owned apartment building, Midtown Park Apartments is a six-building, four-floor walkup complex consisting of 59 three-bedroom apartments, 56 two-bedrooms and 24 one-bedroom units, with six garages, two laundry facilities, a courtyard and 152 balconies. Approximately one-third of the units are subsidized for low- to moderate-income households.

CHARLES DUNN COMPANY COMPLETES MULTIFAMILY SALE FOR MORE THAN $2 MILLION

LONG BEACH, Calif./LOS ANGELES —August 30, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 8,856-square-foot multifamily building for $2.25 million. The property is situated on more than a quarter acre of land located at 815 Bennett Ave. in Long Beach. Built in 1949, the 18-unit building is 100 percent occupied.

Paul Krikorian, director in Charles Dunn’s West Los Angeles office, represented the seller, Maliksi Trust. The buyer, Kolsky Group, an apartment finding service, was represented in-house.

According to Krikorian, the sale closed in 20 days. The buyer paid in cash, satisfying a 1031 exchange.

CHARLES DUNN COMPANY COMPLETES RECORD-BREAKING WEST HOLLYWOOD RETAIL SALE

Property Fetches an Unprecedented $1700 per Square Foot

WEST HOLLYWOOD, Calif./LOS ANGELES—July 10, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 4,639-square-foot retail building for $8 million. At more than $1700 per square foot, 8457 Melrose Pl. was sold for the all-time highest price per-square-foot in West Hollywood, according to CoStar Realty Information Inc.

Jonathan Ahron, director of Charles Dunn’s West Los Angeles office, represented both the buyer, 8457 Melrose Place, LLC, and the seller, Tom Raynor of Paul Ferrante Inc.

“It’s no surprise that this was a record-breaking sale,” said Ahron. “This area of West Hollywood is a hot rental market and an incredibly desirable district for high-end fashion designers.”

Built in 1938, the single-tenant property is currently vacant. According to Ahron, the buyer is negotiating a lease with a popular retailer.

This is the second consecutive year that Ahron has sold a property that beats the record for West Hollywood’s highest price per square foot. Last year, he represented both sides in the sale of a 3,500 square foot retail property, which fetched more than $1200 per square foot.

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR MORE THAN $2.8 MILLION

WEST HOLLYWOOD, Calif./LOS ANGELES—DATE—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 3,170-square-foot retail building for $2.84 million. The property is located at 8929 Santa Monica Blvd. in West Hollywood between Robertson and San Vincente boulevards.

Jonathan Ahron, director of Charles Dunn’s West Los Angeles office, represented both the buyer, Santa Monica West Hollywood, LLC, and the seller, 8929 Associates.

“The buyer purchased the property because of its prime location,” said Ahron. “The area is home to numerous clubs, bars and restaurants, so the level of foot traffic is high.”

According to Ahron, the buyer hopes to capitalize on the location and re-tenant the property with a restaurant or bar. The two-tenant property is currently occupied by Marvin’s Pharmacy and Luis Shoe Repair, which have both been there for more than 20 years.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR LOS ANGELES INDUSTRIAL COMPLEX

LOS ANGELES—July 13, 2006—Charles Dunn Company, a full-service commercial real estate and management firm, has assumed management of a 171,000-square-foot industrial complex located at 6501 Flotilla St. in Los Angeles. The contract with owner CRP Holdings L.P. is on a month-to-month basis.

Eileen Conn, senior portfolio manager in Charles Dunn’s downtown Los Angeles office, will oversee the management of the property.

The property is 100 percent leased with American-De Rosa Lamparts, Inc. as its major tenant, occupying 150,000 square feet of space. American-De Rosa is the largest lamp parts supplier in the lighting industry and offers a full range of lighting components.

“The owner selected Charles Dunn to manage the property due to our expertise in and knowledge of this market,” said Conn.

CHARLES DUNN COMPANY COMPLETES INDUSTRIAL SALE FOR $2.1 MILLION

LOS ALAMITOS, Calif./LONG BEACH, Calif. — July 17, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 27,505-square-foot industrial building on a 41,096-square-foot lot for $2.1 million. The property is located at 3712 Cerritos Ave. in Los Alamitos.

Greg Gill, senior managing director, and Shaun McCullough, associate, of Charles Dunn’s Long Beach office represented the seller, Ocelot Inc. The buyer, 2H Property 4101, LLC, was represented by Daniel Montoya, an associate in Charles Dunn’s Long Beach office.

According to Montoya, the buyer is an investor who plans to lease the property.

CHARLES DUNN COMPANY COMPLETES OFFICE LEASE RENEWAL FOR $1 MILLION

LOS ANGELES — July 19, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated a seven-year, 6,239 square-foot office lease for $1.07 million. The property is located at 550 S. Hope St. in Los Angeles in the California Bank and Trust Building.

Chris Cunningham, associate, and Joe Faulkner, executive vice president, of Charles Dunn’s downtown Los Angeles office represented the tenant, BF Consultants, Inc. The landlord, Equity Office Properties, was represented in house.

Built in 1991, the 28-story California Bank and Trust Building is 91 percent leased. Some of the tenants include DLA Piper Rudnick Gray Cary, Howrey Simon Arnold & White, LLP, as well as California Bank and Trust. The regional office of BF Consultants, Inc., an accounting, finance and information technology firm, is located on the 18th floor.

CHARLES DUNN COMPANY COMPLETES OFFICE SALE FOR MORE THAN $2 MILLION

VAN NUYS, Calif./STUDIO CITY, Calif.—July 20, 2006—Charles Dunn Company, a full-service commercial real estate firm, has completed the sale of two office buildings for approximately $2.5 million. The properties are located at 14524 and 14530 Delano St. in Van Nuys.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented buyers Emmett Bruhwiler, Lisa Bruhwiler and Rita Wood in the sale of 14524 Delano St. Vierheilig-Fraser co-brokered the Bruhwiler-Wood purchase of 14530 Delano St. with Todd Snyder of Lee & Associates’ Sherman Oaks office. The seller, Oxwell, LLC, was represented by Jay Martinez of Marcus & Millichap.

Built in 1983, the buildings total 11,428 square feet. The properties are 100 percent leased to tenants including Career Options and Specialized Investigations.

According to Vierheilig-Fraser, the buyers plan to eventually occupy both buildings. Wood is president of Network Direct, Inc., a company that provides call center services, which will move into one of the buildings.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR INDUSTRIAL BUILDING

SOUTH PASADENA, Calif./LOS ANGELES—July 24, 2006—Charles Dunn Company, a full-service commercial real estate and management firm, has assumed management of a 100,000-square-foot industrial building located at 220-306 Pasadena Ave. and 1030-56 Arroyo Dr. in South Pasadena. The contract is on a month-to-month basis.

Eileen Conn, senior portfolio manager in Charles Dunn’s downtown Los Angeles office, will oversee the management of the property.

The property is 100 percent leased to Tyco International, which uses the site for its electronics division. Tyco Electronics is the world's largest supplier of passive electronic components and a major producer of active components.
“The owner, Arroyo Business Center, selected Charles Dunn to manage the property due to our expertise and personal, timely service,” said Conn. “Our goal is to maintain the building in its current condition.”

CHARLES DUNN COMPANY COMPLETES MIXED USE SALE FOR $20 MILLION

LOS ANGELES— July 27, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has sold a 162,401-square-foot mixed use building for $20 million. The Hollywood Metropolitan Hotel, located at 5825-5831 Sunset Blvd. in Los Angeles, includes both hotel and office space.

Charles DeSantis, senior managing director in Charles Dunn’s Los Angeles office, represented the buyer, LB/L-DS Ventures Cahuenga, LLC. The seller, 826 840 Hobart, LLC, was represented by Janet Neman, senior managing director.

The property’s office space was built in 1959, while the hotel was built in 1984. The buyer plans to redevelop the building and surrounding plaza into mixed use property.

“This transaction shows that the demand for mixed use properties is still growing in this market,” said Neman.

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR MORE THAN $10 MILLION

COVINA, Calif./LOS ANGELES—June 9, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 57,623-square-foot retail center for $10.4 million and a cap rate of 5.2 percent. The Covina Towne Center is located at 405 S. Citrus Ave. in Covina.
Tanel Harunzade, director of the investment services group in Charles Dunn’s West Los Angeles office, represented the sellers, George Demircift and Fahmy Mushmel, and the buyer, REH LLC, a private investment group.

Built in 1978, the Covina Towne Center is 100 percent leased. Tenants include Ralph’s, Millie’s Country Kitchen and Del Taco.

CHARLES DUNN COMPANY COMPLETES MIXED USE SALE FOR MORE THAN $1 MILLION

SAN FRANCISCO—June 19, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 2,050-square-foot mixed use (residential/retail) building for $1.16 million. The property lot totals 2,500 square feet and is located at 1300 Shrader St. in San Francisco.

Garrett Cody Winchester, senior sales and leasing adviser in Charles Dunn’s San Francisco office, represented both the buyer, Virginia Young, and the seller, Deborah Granelli.
Winchester says that Young plans to use the property, which was built in 1913, to open a Montessori school “as soon as possible.”

CHARLES DUNN COMPANY COMPLETES OFFICE SALE FOR $8 MILLION

PASADENA, Calif. — June 22, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 26,586-square-foot commercial building situated on a 68,794-square-foot lot for $8 million. The building is located at 909 S. Fair Oaks Ave. in Pasadena, Calif.

Bob Harrison, senior managing director, and Danny Miller, managing director, of Charles Dunn’s downtown Los Angeles office represented the seller, Champion Realty. The buyer, Fish Construction, was represented by Ted Grace III of Ted Grace Realty.

The previous tenant, Pacific Clinics, vacated the building on May 1, and the space is currently empty. The buyer plans to hold the property for future development, though it may entertain a lease for up to five years. Charles Dunn Company will represent the buyer in future lease negotiations.

CHARLES DUNN COMPANY COMPLETES OFFICE LEASE FOR MORE THAN $1.8 MILLION

LONG BEACH, Calif. — June 26, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated a five-year, 12,291-square-foot office lease for more than $1.8 million. The three-story property, located at 2883 E. Spring St. in Long Beach, is at full capacity with such tenants as Memorial Health Services and Ticor Title Insurance.

Darren Hamilton and Jon Beuder, managing directors in Charles Dunn’s Long Beach office, represented the tenant, Twining Laboratories of Southern California, a full-service engineering and quality-control company. The landlord, Westland Parcel J Partners, LLC, was represented in-house.

According to Hamilton and Beuder, Twining Laboratories currently owns two flex buildings near the newly leased space. The proximity of the locations allows for interactions between employees at each.

“With the current and projected growth of the company, it was necessary to create a real estate solution,” said Hamilton.

“By leasing 2883 E. Spring St., Twining was able to move the executive office to the new location, which provides room for adding new talent, and expand lab operations at the existing locations,” added Beuder.

CHARLES DUNN COMPANY ASSUMES MANAGEMENT OF FIVE ALBERTSON’S GROCERY STORE LOCATIONS

NEWPORT BEACH, Calif.— June 28, 2006–-Charles Dunn Company, a full-service commercial real estate firm, has assumed management of a portfolio of five grocery locations throughout Los Angeles, Riverside and Orange counties. The Albertson’s portfolio totals 327,000-square-feet, including both the stores and common area management.

Heslin Holdings, Inc. recently purchased the stores, which are located in Eagle Rock, Calif. (32,500 SF), Fullerton (80,000 SF), Moreno Valley (41,000 SF), Pico Rivera (30,000 SF) and Stanton (81,000 SF).

The properties will be managed under the strategic direction of Gail Robinson, regional vice president in Charles Dunn’s Newport Beach office.

“The owner, Heslin Holdings, Inc., plans to create dynamic centers for each community,” said Robinson. “The company plans to purchase more retail locations to add to this growing portfolio.”

CHARLES DUNN COMPANY COMPLETES MULTI-FAMILY SALE FOR $4.1 MILLION

NORWALK, Calif./LOS ANGELES—May 2, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 53-unit mobile home park called Pioneer Mobile Estates for $4.1 million. The mobile home park is located at 16123 Pioneer Blvd. in Norwalk. The property totals 4.5 acres and is 100 percent occupied.

Chuck Dunn, director of investment services, and Dan Cherrie, managing director, of Charles Dunn’s Downtown Los Angeles office, represented both the buyer, Balubhai Patel, and the seller, SWS Investments.

Pioneer Mobile Estates is one of several mobile home parks on Pioneer Blvd. and located in the area east of Cerritos College.

CHARLES DUNN COMPANY CLOSES $5.4-MILLION SALE OF TWO COMMERCIAL BUILDINGS IN LOS ANGELES

Non-Profit Organization to Use Facilities on Behalf of Abused Children

LOS ANGELES—May 4, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of more than 40,000 square feet of office and commercial space valued at $5.4 million. One facility (29,000 SF) is a combination of office and industrial space, and is located at 2117-2121 West Temple St. in Los Angeles. The other property (11,000 SF) is a pure industrial building, and is located at 424 North Lake St., also in Los Angeles.

Charles Dunn’s executive vice president, Joe Faulkner, and Chris Runyen, senior managing director, in Charles Dunn’s downtown Los Angeles brokerage office, represented the seller, Mananian Family Trust. The buyer, Children’s Institute Inc., a non-profit organization that serves children affected by abuse, neglect and community violence, was represented by Michael Siteman, senior vice president, and Catarina Jimenez, associate, of the Staubach Company in Los Angeles.

“For years, the property was occupied by a vending machine franchise and merchandising company,” said Runyen. “This is the first time these buildings have been offered for sale since they were built in 1967 and 1983.”

The buyer is planning a major renovation to the property in 2007, which will help the organization continue its mission of serving more than 10,000 children and families in Los Angeles each year.

CHARLES DUNN COMPANY COMPLETES OFFICE LEASE FOR MORE THAN $1.3 MILLION

LONG BEACH, Calif. — May 8, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated a three-year, 16,116 SF office lease renewal for more than $1.3 million. Built in 1989, the property is located at 3780 Kilroy Airport Way #800 in Long Beach, Calif. The Kilroy Airport Center consists of seven office buildings and is approximately 87 percent occupied with key tenants including DeVry University, SCAN and Epson.

Greg Gill, senior managing director, and Jeff Coburn, associate director of Charles Dunn’s Long Beach office, represented the tenant, Senn Delaney Leadership, an international leadership consulting firm.

The landlord, Kilroy Realty Corporation, was represented by Kimball Wasick of Cushman & Wakefield’s Long Beach office.

“Senn-Delaney Leadership has located its U.S. headquarters in the Kilroy Airport Center for more than 10 years due to its central Long Beach location and close proximity to its employees,” said Coburn.

CHARLES DUNN COMPANY COMPLETES COMMERCIAL SALE TRANSACTION FOR MORE THAN $5.4 MILLION

GARDENA, Calif./LOS ANGELES — May 9, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 54,000 SF commercial building for more than $5.4 million. The building was constructed in 2002 and is located at 18421 S. Main St. in Gardena, Calif.

The buyer and the seller, who both wish to remain anonymous, were represented by Kai Chon, senior managing director of Charles Dunn’s downtown Los Angeles office.

“The tenant was attracted to the property due to its desirable location, which is in close proximity to three major freeways,” said Chon. “Commuting employees can hop on the 10, 405, or 91 freeways with ease.”

The new owner will use the facility for logistic services and is currently in the process of renovating the property by adding office space, with an anticipated move-in date of June 1.

CHARLES DUNN COMPANY COMPLETES OFFICE SALE FOR $2.6 MILLION

SIGNAL HILL, Calif./LONG BEACH, Calif. — May 11, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 7,921 SF office building on 61,188 SF of land for $2.6 million. The property is located at 2727 E. Willow St., in Signal Hill, Calif.

Charles Dunn managing directors Jon Beuder and Darren Hamilton represented the seller, Computer & Electronics Training Center, Inc. Greg Gill, senior managing director of Charles Dunn’s Long Beach office, represented the buyer, Hof’s Hut Restaurants Inc.

“The buyer was attracted to the property because it is adjacent to their corporate headquarters, which can now be expanded,” said Beuder.

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR MORE THAN $6 MILLION

LYNWOOD, Calif./ WEST LOS ANGELES — May 18, 2006 –-Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 14,840-square-foot retail facility located at 3800 Martin Luther King Blvd. in Lynwood, Calif. for $6.6 million at a 5.3 cap rate.

Tanel Harunzade, director of Charles Dunn’s investment services group, and Brian Jensen, agent, represented the seller, M&A Gabaee, as well as the buyer, Frances Drooz. Both Harunzade and Jensen are based in Charles Dunn’s West Los Angeles office.

“Sav-On Drugs has been a trusted tenant of the building since it was constructed in 2004,” said Harunzade. “Frances Drooz is pleased that the company will continue to occupy the property under her ownership.”

According to Jensen, Drooz, an independent business investor, purchased the property from M&A Gabaee, a retail developer based in Los Angeles and long-time Charles Dunn client, as a result of the building’s exceptional condition and stable occupancy.

CHARLES DUNN COMPANY COMPLETES LAND SALE FOR $2 MILLION

LOS ANGELES, CA— April 7, 2006 - Charles Dunn Company, a full-service commercial real estate firm, has sold 18,189 SF of land for $2 million. The property is located at 1154 Bellevue Ave. in Los Angeles.

The buyer, Bellevue Development Ventures LLC, was represented by Michel Hibbert, senior managing director in Charles Dunn’s West Los Angeles office. The sellers, Bellevue Development Partners LLC, were also represented by Hibbert.

“The buyer will build 33 apartment units on the lot,” said Hibbert. “They already have a permit and plan to break ground as soon as possible.”

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR $1.7 MILLION

WEST HOLLYWOOD, Calif.—March 1, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 5,384 SF mixed-use (retail/office) building for $1.7 million. Built in 1954, the building is located at 8217 Beverly Blvd. in Beverly Hills, Calif.

Jonathan Ahron, director in Charles Dunn’s West Los Angeles office, represented the buyer Matthew Property, LLC. The sellers, Martin and Bennett Brodwin, were represented by Chuck Richland of White House Properties of Northridge.

“Located within blocks of Cedar-Sinai Medical Center, the property will be used primarily for medical use,” said Ahron. “Doctors and surgeons will have the opportunity to use the building for independent offices.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR TWO SAN FERNANDO VALLEY PROPERTIES

Firm Assumes Management of Two Properties
Owned by Granite Falls Holdings Inc.

LOS ANGELES—March 2, 2006—Charles Dunn Company, a full-service commercial real estate and management firm, has assumed management of two office buildings totaling 30,690 SF located in Sherman Oaks and Toluca Lake, Calif. Both properties are owned by Granite Falls Holdings Inc. and will be spearheaded by Tim Gregoire, regional vice president in Charles Dunn Company’s North Hollywood office.

The office building, located at 12800 Riverside Drive in Sherman Oaks, Calif., is a 17,000 SF property occupied by Gleicher, Tilley & Leonard and is 21-percent leased. The building was recently vacated by Avery Pix Inc., who occupied 8,500 SF and is slated to undergo renovations including landscaping upgrades and deck waterproofing repairs.

The second office building, located at 10911 Riverside Drive in Toluca Lake, Calif., is a 13,690 SF property occupied by TCI Direct Inc. and is 51-percent leased. Planned renovations include landscaping upgrades and improvements to be made to raw space on the first floor.

CHARLES DUNN 'S SEAL BEACH OFFICE MOVES TO LONG BEACH

Move is Part of the Firm’s Expansion Plan for the Long Beach Office

LONG BEACH, Calif. –March 3, 2006–Charles Dunn Company, a full-service commercial real estate firm, is proud to announce the relocation of the firm’s full-service brokerage Seal Beach office to Kilroy Airport Center in Long Beach. The new office will be located inside a Class “A,”8- story office building at 3780 Kilroy Airport Way, Suite 880 in Long Beach, Calif.

“The reason for this move is two-fold: One - to further increase our local presence in the Long Beach/South Bay market and two – to expand our office space in order to grow in terms of service and staff,” said Eugene Page, senior managing director of Charles Dunn’s Long Beach office. “Due to our successful efforts leasing Bixby Office Park on behalf of Equity Office, there is no space in the building - even for us. Similar to Bixby, our new office will be located in a first-class project just off the 405 Freeway with excellent access to our clients both in Los Angeles and Orange County.”

In November of 2002, Charles Dunn opened the Seal Beach office with just two brokers. Over the years, according to Mr. Page, the Long Beach/Seal Beach office has grown to 11 brokers and the firm continues to search for expert brokers. The Long Beach full-service office offers a broad range of real estate services such as office, industrial, commercial and retail. In addition to leasing, investment sales and financing through Charles Dunn Financial, the Long Beach brokerage team also offers consulting services for both developers and corporate owners/investors.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR $4.4 MILLION

LOS ANGELES —March 7, 2006—Charles Dunn Company, a full-service commercial real estate firm, has sold a 36,000 SF office building for $4.4 million. Built in 1957, the property is located at 2706 Wilshire Blvd. in Los Angeles. The building is 100-percent occupied by Liberty Training Institute, Universal Reprographics and the Linden Center.

John Anthony, senior managing director as well as Robert Wood and Andrew Altman, associates in Charles Dunn’s downtown Los Angeles office, represented the seller, Pacific Property Investments. The buyer, Hertzel Illulian, an independent investor, represented himself.

“The buyer was attracted to this property due to its cap rate and high-ratio roof parking in addition to its locale in an extremely tight market full of activity,” said Anthony.

CHARLES DUNN COMPANY COMPLETES $12.3 MILLION OFFICE BUILDING SALE

BEVERLY HILLS, Calif.—March 9, 2006— Charles Dunn Company, a full-service commercial real estate firm, has sold a 17,728 SF office building for $12.3 million. Built in 1949, this two-story building is located at 211 S. Beverly Drive in Beverly Hills, Calif. The property is 100-percent occupied with several small office tenants.

David Ickovics, managing director in Charles Dunn’s West Los Angeles office, represented both the buyer, American Commercial Equities Two, LLC and the seller, 211 Building Company.

“Located in a surrounding area full of booming retail rents, S. Beverly Drive is a great location with high foot traffic as well as tremendous traffic counts,” said Ickovics. “In order to take advantage of the thriving market, the buyer plans to eventually convert the building into a single or multi-tenant retail building.”

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR 49,500 SF OFFICE BUILDING

Santa Clara/SAN FRANCISCO—March 20, 2006—The San Francisco office of Charles Dunn Company, a full-service California-based commercial real estate and management firm, has assumed management of a 49,500 SF, Class “A” office building located at 2055 Laurelwood Rd. in Santa Clara, Calif.

Built in 2001, the property is owned by LaurelWood, LLC. The property is 84 percent leased with ZettaCom Inc. occupying half of the building.

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

“LaurelWood, LLC selected Charles Dunn to manage their property due to our expertise and personal, timely service,” said Ring. “Our goal is to lease this property to 100 percent and reconfigure the common areas.”

CHARLES DUNN COMPANY CLOSES $6 MILLION LEASE TRANSACTION FOR MACFARLANE PARTNERS

SAN FRANCISCO—March 21, 2006—Charles Dunn Company, a full-service commercial real estate firm, has co-brokered a 7-year, 21,923 SF lease expansion on behalf of MacFarlane Partners Inc., which is valued at $6 million. The property is located at 201 Spear St. in San Francisco. MacFarlane Partners Inc. has leased the entire 12th floor and a portion of the 13th. They already occupy the 14th floor.

Garrett Cody Winchester, senior sales and leasing adviser in Charles Dunn’s San Francisco office, and Mark Hutchinson, CEO of Dunhill Partners West, represented the tenant, MacFarlane Partners Inc. The CAC Group represented the landlord, Mass Mutual.

The 18-story building, which was built in 1987, totals 230,000 SF. Current tenants include MCI WorldCom, Xerox, Credit Suisse First Boston and G.E. Capital Co.

MacFarlane Partners Inc. is a real estate management firm headquartered in San Francisco with $9 billion in assets under management.

CHARLES DUNN COMPANY COMPLETES OFFICE SALE FOR $1.9 MILLION

LOS ANGELES—March 21, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 4,532 SF office building for $1.9 million. Built in 1955, the vacant building is located at 920 S. Robertson Blvd. in Los Angeles.

Jonathan Ahron, director of Charles Dunn’s West Los Angeles office, represented both the buyer, Dr. David Ditsworth of The Back Institute, and the seller, Saul Reiss.

“The property is the former site of a bed and breakfast,” said Ahron. “The Back Institute plans to convert the building into a surgery center.”

CHARLES DUNN COMPANY COMPLETES MULTI-FAMILY SALE FOR MORE THAN $1.8 MILLION

Culver City, Calif./LOS ANGELES—March 28, 2006—Charles Dunn Company, a full-service commercial real estate firm, has sold an 8,948 SF multi-family building for almost $1.87 million. Built in 1989, the property is located at 4734 S. Slauson Ave. in Culver City. The building offers 10 two-bedroom units and is 100 percent occupied.

Michel Hibbert, managing director in Charles Dunn’s West Los Angeles office, represented the seller, LS2 Properties, LLC. The buyer, FPMREF, LLC, was represented by Billy Ruvelson of FPM Realty.

CHARLES DUNN COMPANY CLOSES $8.5 MILLION LEASE OF SIMI VALLEY OFFICE BUILDING

SIMI VALLEY, Calif./LOS ANGELES—March 29, 2006—Charles Dunn Company, a full-service commercial real estate firm, has completed a 33,000 SF lease transaction with Johnson Controls Inc., located at 4100 Guardian St. in Simi Valley for $8.5 million. The office building has a total of 136,000 SF with less than 40,000 square feet of space left in this very tight market. Current tenants include T-Mobile, DR Horton and Computerized Management Services.
Joe Faulkner, executive vice president, Dennis Slattery, senior managing director and Chris Cunningham, associate, of Charles Dunn’s Downtown Los Angeles Office represented the landlord, Dunn Simi, LP. Fred Panici of Panici Commercial represented the tenant, Johnson Controls Inc.

“The 4100 Guardian Street project is the only office building in Simi Valley area that can facilitate a tenant over 10,000 SF,” said Cunningham.

CHARLES DUNN COMPANY COMPLETES LAND PARCEL SALE FOR $7.5 MILLION

CANOGA PARK, Calif.—February 1, 2006– Charles Dunn Company, a full-service commercial real estate firm, has sold a 145,054 square foot parcel of land located at 21050 Vanowen Street in Canoga Park, Calif. for $7.5 million.

The buyer, Avalon Bay, was represented by Michel Hibbert, senior managing director in Charles Dunn’s West Los Angeles office. The sellers, Ronald and Linda Holman, were represented by Scott Silverstein of Lee & Associates’ Calabasas office.

“The buyer plans on developing 205 luxury apartment units,” said Hibbert.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR FOUR PROPERTIES IN LOS ANGELES AREA

Firm Assumes Management of Four Properties Owned by Vintage Capital Group Inc.

LOS ANGELES—February 2, 2006—Charles Dunn, a full-service commercial real estate and management firm, has assumed management of one office and three retail buildings totaling 208,806 SF located in Beverly Hills, Calif., Santa Clarita, Calif., Laguna Hills, Calif. and Los Angeles. All four properties are owned by Vintage Capital Group Inc. and will be managed by Rich Cornelison in Charles Dunn Company’s North Hollywood office.
Known as the Brentwood Gateway, 11611 San Vincente Blvd. is a 95,167 SF office building located in Los Angeles. Major tenants include Coldwell Bankers Residential Brokers, Buter Buzard Dunaetz & Fishbein, LLC and Vintage Capital Group, LLC.

The Santa Clarita Plaza, located at 2611-26135 Bouquet Canyon in Santa Clarita, Calif., is a 38,512 SF retail center. The plaza’s major tenants include International House of Pancakes (IHOP), William S. Hart Union School Office, Santa Clarita Teacher Association and Santa Clarita Valley Uniserv.

The retail property, 460 N. Canon Drive in Beverly Hills, Calif., is an 18,267 SF building occupied by Coldwell Bankers Residential Brokers, Valerie Cosmetics and IL Tramezzino, Inc. The Moulton La Paz Shopping Center is a 59,119 SF retail building located at 26550 Moulton Parkway in Laguna Hills, Calif.

Vintage Capital Group Inc. selected Charles Dunn as the property manager because the firm utilizes a diverse range of skills and many years of combined experience that contributes to maximizing the value of the properties.

CHARLES DUNN COMPANY CLOSES $7.6 MILLION LEASE TRANSACTION IN LOS ANGELES

Firm Negotiates 27,776 SF Lease on Behalf of a Non-Profit Donor Network

LOS ANGELES—February 3, 2006—Charles Dunn Company, a full-service commercial real estate firm, has completed a 10-year, 27,776 square foot office lease transaction valued at approximately $7.6 million. The lease was negotiated on behalf of OneLegacy, the non-profit transplant donor network serving 18 million people, 220 hospitals and 14 transplant centers in the seven Southern California counties. With this lease, Figueroa Courtyard, which is located at 221-281 S. Figueroa Street in Downtown Los Angeles, continues to maintain its historic occupancy rate of more than 90%.

Chris Runyen, senior managing director in Charles Dunn’s Downtown Los Angeles brokerage office, represented the landlord, California National Bank. The tenant, OneLegacy, was represented by Willa McNamarra Fields of Beitler Commercial Realty Services.

“OneLegacy will be a great addition to the project,” said Runyen. “In addition, Figueroa Courtyard will provide a quiet and productive, garden-like setting in Downtown for the organization and its clients.”

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR $2.2 MILLION

WEST HOLLYWOOD, Calif.—February 27, 2006—Charles Dunn Company, a full-service commercial real estate firm, has negotiated the sale of a 5,200 SF retail building for $2.2 million. Built in 1938, the property is located at 616-624 N. Doheny Drive in West Hollywood, Calif. With occupancy at 98-percent, the building’s major tenant is Troubador Enterprises.

Jonathan Ahron, director in Charles Dunn’s West Los Angeles office, represented the buyer OSM Properties, as well as the seller, Matthew Properties, LLC.

“Located in a great location, this property is an excellent redevelopment opportunity for the buyer,” said Ahron.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR $3 MILLION

Firm Negotiates Sale of 29,158 SF Former U.S. Food & Drug Administration Headquarters

LOS ANGELES/SEAL BEACH, Calif.—January 9, 2006—Charles Dunn Company, a full-service commercial real estate firm, has sold a 29,158 SF office building for $3 million. Built in the early 60s, the property is located at 1521 W. Pico Blvd. in Los Angeles. For more than 40 years, this property was the Los Angeles headquarters of the U.S. Food & Drug Administration and had extensive laboratories as well as office space.

Eugene Page and Greg Gill, senior managing directors in Charles Dunn’s Seal Beach, Calif. office, and Dan Cherrie, managing director in Charles Dunn’s downtown Los Angeles office, represented the seller, Atkinson Trust. The buyer, Extra Space Storage, Inc., was represented by Don Brandt of Canon Business Properties.

“The buyer was attracted to the property due to its close proximity to the Central Business District (CBD),” said Page. “The building is also close to extensive residential, retail and entertainment development being built as part of the nearby LA Live.”

CHARLES DUNN COMPANY COMPLETES RETAIL SALE FOR $2.4 MILLION

LOS ANGELES—January 10, 2006—Charles Dunn Company, a full-service commercial real estate firm, has sold a 2,760 SF retail building for $2.4 million. Built in 1951, this property is located at 320-322 S. Robertson Blvd. in Los Angeles. The building’s major tenant is Chelsea Antiques.

Jonathan Ahron, director in Charles Dunn’s West Los Angeles office, represented both the buyer, West Hollywood Robertson #47, LLC and the seller, 320 Robertson, LLC.

“The buyer selected this location due to its excellent demographics as well as the high foot and traffic count,” said Ahron.

CHARLES DUNN COMPANY NEGOTIATES $4.8 MILLION OFFICE LEASE RENEWAL AND EXPANSION

Firm Negotiates 15,403 SF Expansion on Behalf of United States Government

LOS ANGELES—January 11, 2006—Charles Dunn Company, a full-service commercial real estate firm, has completed a 10-year, 15,403 SF office lease renewal and expansion for $4.8 million on behalf of the United States Government. The office space is located at 606 South Olive Street in Los Angeles, Calif.

John Anthony, senior managing director, and Andrew Altman, associate, in Charles Dunn’s downtown Los Angeles brokerage office, represented the landlord, 606 South Olive, LLC. The tenant, United States Government, was represented in-house.

“This most recent expansion and renewal by the United States Government shows their continued commitment to 606 South Olive Street and Downtown Los Angeles office as a whole,” said Anthony.

CHARLES DUNN COMPANY SELLS OFFICE BUILDING FOR NEARLY $9 MILLION

NORTH HOLLYWOOD, Calif./STUDIO CITY, Calif.—January 18, 2006—The Studio City office of Charles Dunn Company, a full-service commercial real estate firm, has sold a 54,080 SF office building for approximately $9 million. Adjacent to Universal City, the property is located at 4142-4146 Lankershim Blvd. in North Hollywood, Calif.

Stacy Vierheilig-Fraser, senior managing director in Charles Dunn’s Studio City office, represented both the buyer, L & S Realty Group, and the seller, D-Mark Holdings.

“With a lot of rollover approaching, the buyer felt he could increase the lease for a decent return, which was completed during escrow,” said Vierheilig-Fraser. “The building was 100-percent leased by BBC America, Launch Pad and High Impact at the close of escrow.”

© 2008 Charles Dunn Company