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

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In The News

CHARLES DUNN COMPANY PROMOTES SUSAN HARRIS TO SENIOR DIRECTOR

Harris is one of Charles Dunn Co.’s top performers in 2008

WEST LOS ANGELES—December 22, 2008—Susan Harris has been promoted to senior director at Charles Dunn Company, a partner of GVA Worldwide. Based in the West L.A. office, she was formerly director of its retail services group and continues to be one of the company’s strongest performers.

“Having left to pursue other options in commercial real estate, my transition back to Charles Dunn has been a very positive one,” said Harris.

“I have achieved new heights in my career and attribute much of my success to the cooperation of my fabulous colleagues and the unwavering loyalty of my clients. As the old adage goes, ‘It takes a village.’”

According to West L.A. executive managing officer Darrell Levonian, Harris has been a valuable addition to the Charles Dunn team.

“In the short time she has been here, she has developed an expertise within her market and in her ability to serve her clients,” said Levonian. “We look forward to great things from her in the upcoming year and future.”

Harris was named “Top Gun” by GE Capital Solutions (GECS), Franchise Finance in 2007, which is given annually to the top 15 brokers who have closed the most transactions for GECS. She closed seven transactions for GECS that year.

Harris is also a member of the International Council of Shopping Centers and a candidate for the Certified Commercial Investment Member (CCIM) designation. She specializes in the acquisition and disposition of investment properties with an emphasis on exchange properties in the $1-6 million range.

Harris closed over $23 million in sales at Charles Dunn Co. in 2008, showcasing her adept abilities to navigate the commercial real estate market despite recent economic conditions.

CHARLES DUNN COMPANY IS RANKED ON CREJ'S CALIFORNIA'S TOP COMMERCIAL BROKERAGE LIST.

In the latest issue of the California Real Estate Journal (pdf) Charles Dunn Company is ranked No. 20 on CREJ's California's Top Commercial Brokerage List (November 10 issue).

THE METROPOLITAN HOLLYWOOD, A 52-UNIT APARTMENT TOWER, IS NOW LEASING.

The old hotel was a party palace for NWA, Dr. Dre and Suge Knight, who all ran amuk in the place in the early 90s, according to a tipster. The press release references such news, sort of: "Standing tall at the corner of Sunset Boulevard and Van Ness - directly across the street from L.A.'s iconic KTLA Channel 5 Headquarters - the Metropolitan Hollywood was built in the early 80s as a flashy, Tinseltown hotel whose clientele ranged from musicians on tour to international patrons.

CHARLES DUNN IS AWARDED IREM's AMO® OF THE YEAR AWARD.

Charles Dunn receives the Accredited Management Organization (AMO ® ) of the year award

Charles Dunn Real Estate Services, Inc. was recently honored with the Accredited Management Organization® of the Year Award at the 2008 IREM® Awards Dinner held at the Sheraton Los Angeles.

AMO accreditation recognizes excellence among real estate management firms, with credentialing requirements that include maintaining appropriate insurance coverage to ensure financial stability; passing an independent financial review; having a CPM® Member in an executive position to supervise management operations; and promising to uphold the Minimum Standards and Codes of Ethics of the Accredited Management Organization.

About the institute of real estate management

The Institute of Real Estate Management (IREM®) is celebrating its 75th anniversary in 2008.

For more than seven decades, IREM has been the source for education, resources, information, and membership for real estate management professionals. An affiliate of the National Association of Realtors®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With 80 U.S. chapters, eight international chapters, and several other partnerships around the globe, IREM is an international organization that also serves as an advocate on issues affecting the real estate management industry.

Membership includes more than 18,000 individual members and 500 corporate members. IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager® (CPM®) designation, the Accredited Residential Manager® (ARM®) certification, the Accredited Commercial Manager certification, and the Accredited Management Organization® (AMO®) accreditation.

NEW OFFICE IN ORANGE COUNTY.

IRVINE, California – Charles Dunn Company – a partner of GVA Worldwide -- has opened a new office in Orange County. In order to give prominence to GVA Charles Dunn and the Advisory Services group, and to build upon a new client relationship, this new office is located in the Main Plaza in Irvine. Co-located with the Advisory Services group is Charles Dunn Real Estate Services which is the property management group that relocated from Newport Beach at the same time.

Greg Bendis, Managing Director of the Advisory Services group said the Irvine office will offer a different model than other Charles Dunn offices.

“Unlike other offices, where brokers pursue landlord rep, tenant rep and investment assignments, this office will focus exclusively on a managed approach to representing clients that use and occupy commercial real estate in their business” Bendis said. “Guided by our Client Services Model, we develop and implement real estate strategies for companies with complex and multi-market real estate needs” he continued.

In addition to Bendis, the Advisory Services group will be made up a director of sales, two associate directors – those who develop business and serve clients as a part of the overall team -- an analytical associate, a marketing associate and an administration associate. The property management team will include the manager in charge, three property managers and an assistant property manager

CHARLES DUNN NEGOTIATES FIVE-YEAR LEASE ON WILSHIRE BLVD.

Deal brings office building to 100 percent occupancy

LOS ANGELES—June 5, 2008— OneLegacy Corporation signed a five-year lease with 1001 Wilshire Blvd, LLC, a private holding company, to occupy a 14,300-square-foot office unit located at 1001 Wilshire Blvd. for a consideration of approximately $2 million.

John Anthony and Robert Wood from the Los Angeles office of Charles Dunn Company, a partner of GVA Worldwide, negotiated the lease on behalf of the landlord.

The office building is 30,000 square feet and, with the addition of OneLegacy Corporation, is 100 percent leased.

“The property is in a great location and has highly upgraded interior improvements as well as a recent exterior renovation,” said Anthony.

OneLegacy Corporation, a non-profit transplant donor network, was represented by Jeff Cunningham and Billie Scelza of Medical Asset Management.

CHARLES DUNN NEGOTIATES FIVE-YEAR OFFICE LEASE IN L.A. TROPHY HIGH-RISE

LOS ANGELES—June 10, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated a 7,286-square-foot, five-year office lease located at 725 S. Figueroa St. on behalf of the tenant, Resolute Management, for a consideration of approximately $1.3 million.

Chris Cunningham, director of the Office Services Group in the Los Angeles office of Charles Dunn, negotiated the lease on behalf of Resolute Management, a law firm operating as a subsidiary of the international investment company Berkshire Hathaway. Brookfield Properties, the landlord, retained in-house council for the transaction.

According to Cunningham, the Los Angeles office building is a 915,316-square-foot, trophy high-rise building and is currently at 93 percent occupancy.

CHARLES DUNN COMPANY NEGOTIATES RETAIL PURCHASE FOR HOLD THIS, LLC

LOS ANGELES –May 21, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated the purchase of a 5,237-square-foot retail building located at 3783-85 Cahuenga Blvd. in West Los Angeles for $2.1 million. Hold This, LLC purchased the building from La Selva Associates, Inc.

Stacy Vierheilig-Fraser, senior managing director of brokerage services in the Studio City office of Charles Dunn, negotiated the transaction on behalf of Hold This.

According to Vierheilig-Fraser, Hold This will be doing some minor renovations and will use the building as a post production facility.

La Selva Associates was represented by Colliers Seeley.

CHARLES DUNN NEGOTIATES RETAIL PURCHASE FOR FASHION ICON TADASHI

Designer to open second Calif. location in West Hollywood

WEST HOLLYWOOD, Calif. –May 27, 2008— Tadashi Shoji, designer, owner and president of the Los Angeles-based fashion house Tadashi, has purchased a 4,000-square-foot retail property located at 812 N. La Cienega Boulevard to house his second Calif. Tadashi store location. Shoji purchased the property from 812 La Cienega Partners for $3.6 million.

Jonathan Ahron, managing director of the retail services group and David Aschkenasy, senior director of the retail services group, both from the West Los Angeles office of Charles Dunn Company, represented the buyer and seller in the transaction.

“Tadashi will make a great addition to this retail area,” said Aschkenasy. “The property is near trendy restaurants such as Nobu and STK and is in close proximity to the high-end fashion district on Melrose Avenue.”

Established in 1982 by Shoji, Tadashi has become widely recognized for its original designs and innovative collections for women. The company has seen steady growth since its inception and is carried in more than 4,000 major department and specialty store doors worldwide, including Neiman Marcus, Nordstrom, Saks Fifth Avenue, Bloomingdale’s, and Macy’s.

Tadashi’s first Calif. location is in the South Coast Plaza in Costa Mesa.

CHARLES DUNN BROKERS 6-UNIT APARTMENT BUILDING

LOS ANGELES—May 29, 2008— Charles Dunn Company, a partner of GVA Worldwide, has negotiated the purchase of Le Chateau Ridgeley, a six-unit multifamily building located at 624 S. Ridgeley Drive in Los Angeles, for a consideration in excess of $1.65 million. David Eitches, director of the Multifamily Investment Group of Charles Dunn Company represented the buyer, 23-25 Hughes, LLC and the seller, an independent investor.

Built in 1939, this French Normandie style chateau comprises four one-bedroom units and two two-bedroom units.

“There is a niche pocket of investors out there that buy sought after architect style buildings strictly based on their curb appeal, and not its financial reasoning,” said Eitches. “There are even banks out there that are still aggressively lending on these types of buildings. Financially, this building sold at 18 times gross and a sub 4 percent cap rate, which is about 10 percent higher than sales comparables in the immediate area.”

CHARLES DUNN NEGOTIATES LEASE BRINGING HOLLYWOOD BUILDING TO 75 PERCENT OCCUPANCY

Dunn brokers are exclusive leasing agents for prime 65,000-square-foot office building

LOS ANGELES—April 2, 2008 – John Anthony and Robert Wood of the downtown Los Angeles office of Charles Dunn, a partner of GVA Worldwide, negotiated a five-year lease for the Danley Investment & Management Co. The $1.7 million lease in the 65,000-square-foot structure located at 6751-6755 Hollywood Blvd. in Los Angeles, involved Fleishman-Hillard, Inc.

Fleishman-Hillard will occupy a 9,333-square-foot office unit in the seven story building, which offers expansive city and mountain views and is located close to the Hollywood & Highland tourist attraction and has easy access to the 101 freeway.

“Tenants are attracted to this building because of its prime Hollywood location,” said Anthony, who along with Wood, is the exclusive leasing agents of the property. “The building has a new creative feel that is ideal for a company like Fleishman-Hillard.”

Based in St. Louis, Fleishman-Hillard is part of Omnicom Group Inc., a leading global marketing and corporate communications company. In addition to its new office, the company has three other locations in California including San Francisco, Sacramento and San Diego.

CHARLES DUNN NEGOTIATES PURCHASE OF CHILI’S RESTAURANT FOR MORE THAN $3 MILLION

Food Chain signs 20-year lease renewal to stay in the prime retail location.

BEAVERCREEK, Ohio – April 7, 2008— Susan Harris, director of the retail services group in the West Los Angeles office of Charles Dunn, negotiated the fee simple purchase of a Chili’s restaurant located at 2762 N. Fairfield Road in Beavercreek, Ohio for more than $3 million. The restaurant is operated by one of the largest Chili’s franchisees in the United States.

Harris represented the buyer, a private investor, in the acquisition of the 5,402-square-foot building. The institutional seller retained in house council.

According to Harris, Chili’s has signed a new 20-year lease, part of a recent sale leaseback transaction, to remain in the prime Beavercreek retail location.
Chili’s is on a front facing pad, which shares its parking lot with REX, a Dayton, Ohio based specialty retailer of consumer electronic products and appliances.

“The building is in a prime retail location surrounded by many major retailers,” said Harris. “It is located across the street from The Mall at Fairfield Commons, which houses retail giants like Macy’s, Williams-Sonoma, JCPenney and the Residence by Marriot; making this a high traffic area.”

CHARLES DUNN NEGOTIATES $8 MILLION SALE AND PURCHASE OF SHOPPING CENTER

32,296-square-foot retail property changes hands in Norco, Calif.

NORCO, Calif. – April 10, 2008- Sero Properties, LP purchased Hidden Valley Village, a shopping center located at 1101-1161 Hidden Valley Parkway in Norco, Calif. for a consideration in excess of $8 million.

Tanel Harunzade, Brian Jensen and Kevin Byer of the West Los Angeles office of Charles Dunn Company, a partner of GVA Worldwide, represented Sero Properties and the seller, Sena Properties, LLC.

The 32,296-square-foot shopping center is anchored by a free-standing CVS/pharmacy and has a satellite building with space for 13 tenants. The property is currently 85 percent leased and going through retenanting by the new owner. The shopping center is in a prime retail location and has easy access from a major intersection off the 91 freeway and I-15 junction.

SERO is a California based investment company that owns other properties in Riverside County.

CHARLES DUNN NEGOTIATES SALE & PURCHASE OF 19-UNIT MULTI-FAMILY BUILDING

CANOGA PARK, Calif. – April 24, 2008- Charles Dunn, a partner of GVA Worldwide, negotiated a deal on behalf of the buyer and seller in a $2.85 million transaction involving the 19-unit apartment building located at 7037 Alabama Avenue in Canoga Park, Calif.

Paul A. Kenworthy, managing director of the investment services group in the West Los Angeles office of Charles Dunn, represented the buyer, Saswata Sen and the seller, Khougaz Trust.

The building totals 17,324 square feet and is 100 percent occupied.

“This transaction had tremendous upside for the buyer; nearly 20 percent,” said Kenworthy. “The apartments are non-rent controlled.”

CHARLES DUNN NEGOTIATES INDUSTRIAL PURCHASE FOR DOVETAIL FURNITURE INC.

LOS ANGELES – April 28, 2008— Dovetail Furniture Inc., one of the largest importers and distributers of handcrafted furniture on the west coast, has purchased the 52,426-square-foot industrial building located at 14000 S. Figueroa Street in Los Angeles to house its corporate offices, warehouse and showroom. The building was purchased from Glabman Furniture Inc. for a consideration of more than $4.5 million.

Kai Chon of Charles Dunn Company, a partner of GVA Worldwide, represented Dovetail in the acquisition.

“This property is ideal for Dovetail because its previous owner was also a furniture distributer,” said Chon, senior managing director of brokerage services in the Los Angeles office of Charles Dunn. “The property was well maintained and no renovations were needed.”

Founded in 1992, Dovetail has developed an expertise in sourcing an eclectic range of handmade furniture, accessories and textiles from around the world. Based in Los Angeles, it distributes furniture throughout the United States.

Glabman was represented by The Klabin Company.

CHARLES DUNN NEGOTIATES LEASE FOR WAGS & WIGGLES DOG DAYCARE’S SECOND LOCATION

More than 21,000-square-feet of industrial space will be transformed into a canine facility

TUSTIN, Calif. –March 5, 2008— In a move to expand its hugely successful canine day care center, Wags & Wiggles Dog Daycare signed a 10-year lease with Thunderbird Properties LP, to occupy a 21,640-square-foot industrial building located at 14402 Chamber Road in Tustin, Calif. for a price-tag of $2.34 million.

John Bowman, senior managing director in the Long Beach office of Charles Dunn Company, represented Thunderbird Properties in the lease transaction.

Wags & Wiggles is a family owned and operated business, which plans to open its new facility in March. Some of the features the day-care center will include are inside and outside play areas totaling approximately 1,300 square feet, an 8,000-square-foot training area and the popular ‘Fluff ‘n’ Fresh’ service, which leaves clients with tired, happy and clean dogs.

According to Bowman, Wags & Wiggles facilitated renovations to the property to accommodate its special needs and received three-month rental abatement from the landlord to off-set the cost.

Wags & Wiggles’ original daycare and training center, which opened in 1997, is located in Rancho Santa Margarita, Calif.

CHARLES DUNN BROKERS CLOSE TWO LOS ANGELES DEALS TOTALING $12.8 MILLION

LOS ANGELES –March 10, 2008—Jonathan Ahron, managing director, and David Aschkenasy, senior director, both of the retail services group in the West Los Angeles office of Charles Dunn Company negotiated two transactions in Los Angeles totaling $12.8 million. The properties are located in prime retail areas in the Larchmont and Melrose shopping districts.

The first transaction is a 4,336-square-foot, single-story office building located at 227 N. Larchmont Blvd. Ahron and Aschkenasy represented the private investor and private seller in the $6.5 million transaction.

In a separate deal, Ahron and Aschkenasy represented both sides in a retail transaction located at 7111-7123 Melrose Avenue. The 7,629-square-foot building sold for $6.3 million and is occupied by tenants like Pinkberry and M Café de Chaya. The buyer and seller were not disclosed.

CHARLES DUNN NEGOTIATES SALE AND PURCHASE OF LEASED INVESTMENT IN ANAHEIM

35,100-square-foot retail center changes hands and receives a face-lift

ANAHEIM, Calif. –March 13, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated the sale and purchase of the retail center located at 1020-1098 N. Euclid Avenue in Anaheim, Calif. for a consideration of $3.6 million.

Tanel Harunzade, director of the investment services group in the West Los Angeles office of Charles Dunn, represented the buyer, M&A Gabaee, a California L.P. Cari Widman, associate in the same office of Charles Dunn, represented the seller, HEM Properties, LLC.

The retail center consists of two leased buildings; the larger building totals approximately 32,800 square feet and is occupied by Dearden’s a California based furniture store; the second building is 2,300 square feet and houses a non-commercial insurance agency.

According to Widman, the building that is occupied by Dearden’s was previously home to a Ralph’s supermarket, which has subleased its space to Dearden’s. After the sale was final, Ralph’s paid for significant interior and exterior renovations to the building for the new tenant, making the transaction a true value-added deal for the buyer.

Dearden’s has 10 California locations and sells electronics, furniture, appliances, jewelry and travel packages.

CHARLES DUNN NEGOTIATES SALE AND PURCHASE OF LARGE ARCADIA INDUSTRIAL PROPERTY

ARCADIA, Calif. –March 14, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated the sale and purchase of 20,144-square-foot industrial property for a consideration of $3 million. The property is located at 5525 Peck Road in Arcadia, Calif.
John Bowman, senior managing director of the Long Beach office of Charles Dunn, represented the seller, Arcadia Realty Investors, and the buyer, Pham Sac Truong.

“Truong will be using the building for his import and export business,” said Bowman. “He was attracted to the large side-yard and loading capabilities of the property.”

CHARLES DUNN SELLS LAND PARCEL ON LA BREA AVE.FOR $237.50 PER SQUARE FOOT

LOS ANGELES –March 17, 2008— William Lees of Charles Dunn, a partner of GVA Worldwide, negotiated the sale of a $1.99 million, 8,400-square-foot land parcel located at 309 S. La Brea Avenue in Los Angeles.

Lees, senior sales consultant in the downtown Los Angeles office of Charles Dunn, brokered the deal on behalf of the seller, Billy Jean Divall Trust.

According to Lees, Mid City Asset Management, a developer, plans to hold the property for future development.

CHARLES DUNN NEGOTIATES SUBLEASE BETWEEN INTERNATIONAL EDUCATION CORPORATION AND LACCD

Los Angeles Community College District acquires nearly 30,000 square feet

LOS ANGELES – March 21, 2008 – The Los Angeles Community College District (LACCD) signed a 5-year sublease for 29,805-square-feet of office and classroom space located at 3020 Wilshire Blvd., for a consideration of more than $3 million.

John Anthony, senior managing director, and Robert Wood, managing director, of the downtown Los Angeles office of Charles Dunn Co., negotiated the deal on behalf of the landlord, International Education Corporation and LACCD.

The LACCD is the largest community college district in the United States and one of the largest in the world. It consists of nine colleges, including West Los Angeles College, Pierce College, Los Angeles Valley College and Los Angeles City College. The district covers more than 882 square miles and educates more than 187,000 students a year.

Los Angeles City College will be occupying the former United Education Institute (a subsidiary of IEC) campus facility at 3020 Wilshire Boulevard while renovations are made to its existing campus.

CHARLES DUNN NEGOIATES $2.3 MILLION PURCHASE FOR PACIFIC CLINICS

LOS ANGELES –March 31, 2008—Pacific Clinics, the largest not-for-profit mental health provider in California, has purchased a building for $2.35 million and will use the facility to provide transitional services to its clients.

Bob Harrison and Jose Sierra of the Charles Dunn Co., a partner of GVA Worldwide, in conjunction with Ted Grace of Ted Grace Realty, represented Pacific Clinics in the purchase of a 10,323-square-foot building located at 1151 West Sixth Street in Los Angeles.

“This transaction by Pacific Clinics is in conjunction with its recent acquisition of Portals House Inc.,” Said Harrison. “This will be Portals’ primary location for downtown Los Angeles.”

Established in 1926, Pacific Clinics is a private non-profit behavioral healthcare agency serving people of all ages with severe mental illnesses in Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties.

CHARLES DUNN NEGOTIATES THE PURCHASE OF A FOUR-BUILDING APARTMENT COMPLEX

Buyer Plans Major Renovation to the Property

LOS ANGELES –February 1, 2008— David Eitches and Alexi Lakatos of Charles Dunn Company, a partner of GVA Worldwide, negotiated the purchase of a four-building apartment complex located at 1018-1030 Westmoreland Ave. in Los Angeles for a consideration of $2.75 million. Eitches, director of multi-family investment group, and Lakatos, associate in the multi-family investment group, both in the West Los Angeles office of Charles Dunn represented the buyer, 23-25 Hughes LLC, in this transaction.

According to Eitches, the buyer is planning a major renovation of the property including the pool and the apartment units. The buyer will be investing approximately $8,000 per unit. The 23 unit complex is made up of four, two-story buildings and measures 28,793 square feet, including a large courtyard and pool. The complex is 100 percent leased.

“Compared to the surrounding buildings, this property already offers great amenities. And with the rehab planned, it will become even more desirable,” said Eitches.

Peter Strauss in the Los Angeles office of Marcus & Millichap represented the seller.

CHARLES DUNN NEGOTIATES PURCHASE OF VAN NUYS OFFICE BUILDING

The Building is Currently Undergoing Major Renovations

VAN NUYS, Calif. –February 6, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated the purchase of a 3,952-square-foot office building on behalf of the buyer, a private investor, for $1.2 million. The vacant class ‘C’ office building is located at 15231 Burbank Blvd., in Van Nuys, Calif. and is currently undergoing major renovations.

Todd M. Wuschnig, director of the office properties group in the Studio City office of Charles Dunn, represented the buyer. Peter Hercz of Remax represented the seller, JRJ Holding Company.

According to Wuschnig, at the time of purchase, the property was a single-tenant building. The buyer is completing major renovations to the interior and exterior of the building including making room for a second tenant.

“The buyer owns an insurance business and will be occupying the majority of the space once the renovations have been completed,” he said. “The remainder of office space, which will be approximately 2,000 square feet, will be leased out.”

ACLU OF SOUTHERN CALIFORNIA SELLS DOWNTOWN HEADQUARTERS; FOR MOVE TO NEW LARGER DOWNTOWN BUILDING

Charles Dunn Company Negotiates Sale and Lease for Legal Association

LOS ANGELES –February 12, 2008— Charles Dunn Company negotiated the sale and purchase of a 17,131-square-foot office building owned and occupied by the ACLU of Southern California and then negotiated a lease for the organization’s excess space gained in the acquisition of a larger office building in downtown Los Angeles.

John Anthony and Robert Wood of Charles Dunn, a partner of GVA Worldwide, negotiated the initial transaction for both parties. The office building located at 1616 Beverly Boulevard had a price-tag in excess of $3.5 million and was purchased for more than $207 per square foot by 1616 Beverly Blvd LLC.

The ACLU’s new Southern California headquarters is a 39,543-square-foot office building located at 1313 West 8th Street in Los Angeles. The ACLU will occupy the top two floors while the ground floor was leased to US Healthworks and Freeway Gourmet Café and Catering. The lease agreement with US HealthWorks Medical Group is for 10 years and the value exceeds $2.7 million for 11,834 square feet of space.

The ACLU, a non-profit legal-rights organization, has offices across the country. Its stated mission is to defend and preserve the individual rights and liberties guaranteed to every person in this country by the Constitution and laws of the United States.

CHARLES DUNN NEGOTIATES 10-YEAR LEASE FOR MYRIAD LITIGATION SOLUTIONS

LOS ANGELES –February 15, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated a 10-year office lease at 9911 W. Pico Blvd. in Los Angeles on behalf of the tenant, Myriad Litigation Solutions LLC, for more than $1.5 million.

Amir Madadi, director of brokerage service in the Los Angeles office of Charles Dunn, represented Myriad Litigation Solutions in the 3,263-square-foot lease transaction. The landlord, Cabi Developers, was represented by Sep Melamed of Prime Properties.

With offices in Century City, Hollywood, Irvine, San Diego and West Los Angeles, Myriad Litigation Solutions offers a wide range of litigation services for small businesses across Southern California.

CHARLES DUNN CO. NEGOTIATES LEASE-RENEWAL FOR TAIPEI ECONOMIC AND CULTURAL OFFICES IN LOS ANGELES

LOS ANGELES –February 21, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated a $2.5 million, six-year lease-renewal on behalf of the tenant, Taipei Economic and Cultural Offices in Los Angeles (TECO – Los Angeles), to occupy 3731 Wilshire Boulevard.

Eugene Page, senior managing director of brokerage services in the Los Angeles office of Charles Dunn, negotiated TECO- Los Angeles’ 17,415-square-foot lease. Bruce Geller of Charles Dunn’s property management division, CD Real Estate Services, Inc., represented the landlord, Colonnade Wilshire Corp.

TECO’s purpose is to promote and strengthen the economic, cultural, educational and other related ties between the United States and the Republic of China on Taiwan. The Los Angeles office handles a variety of matters covering Southern California, Arizona and New Mexico. TECO- Los Angeles services the largest Chinese-American community in the country.

CHARLES DUNN EXCLUSIVE LEASING AGENT FOR PACIFIC FINANCIAL CENTER IN DOWNTOWN

Brokers lease two office units bringing class ‘A’ building to 99 percent occupancy

LOS ANGELES—February 28, 2008— John C. Anthony and Dan Cherrie of Charles Dunn, a partner of GVA Worldwide, negotiated two leases on behalf of the landlord, Pacific Financial Center LLC, with the combined transactions totaling $3.5 million. The Arthritis Foundation and Tetra Tech will occupy offices in the Pacific Financial Center located at 800 W. 6th Street in downtown Los Angeles.

According to Anthony, senior managing director at Charles Dunn, with the addition of the new leases the 214,000-square-foot Pacific Financial Center is approximately 99 percent leased.

The Arthritis Foundation, a non-profit organization that supports arthritis research, signed a 10-year lease to occupy a 5,786-square-foot office unit for a price of $1.7 million. Tetra Tech, a premier worldwide consulting and engineering firm, signed a three-year lease to occupy a 2,000-square-foot unit for $1.8 million.

Anthony Gatti of Cushman & Wakefield represented The Arthritis Foundation and Scott Katcher of Studley represented Tetra Tech.

CHARLES DUNN MULTIFAMILY EXPERT BROKERS THREE PROPERTIES IN 60 DAYS

More than 23,500 square feet of apartment space changes hands in Los Angeles

LOS ANGELES –February 29, 2008— David Eitches, director of the multi-family investment group at Charles Dunn Company, a partner of GVA Worldwide, brokered three multi-family deals in Los Angeles, totaling $4.7 million. The three transactions, which took place between December and January, involve properties located at 400 S. Alexandria Avenue, 120-124 S. Sycamore Avenue and 453 N. Kingsley Drive.

Eitches, who represented the seller, said the 9,736-square-foot, 11-unit apartment building on Alexandria Ave. was purchased by 400 S. Alexandria LLC for about $1.9 million, with each unit fetching $176,000. The seller’s name was not available. The buyer, who was represented by KC Chong of Central Properties, plans to make renovations to the interior of the three-story apartment.

In the $1.85 million transaction of a four-unit apartment on Sycamore Ave, Eitches represented the buyer, Paul Natzke, and the seller, M.E. Guirguis.

In Eitches’ third transaction, a $1.1 million sale of a fully-leased, 8,233-square-foot multi-family property on North Kingsley Drive, he represented the seller 5218 Olympic Blvd. LLC. According to Eitches, the seller is re-evaluating its smaller assets, selling part of its extensive portfolio and combining funds to purchase a larger asset in downtown Los Angeles’ Koreatown. The buyer, Boo Chun Kim, was represented by Josh Kim of Western Realty.

CHARLES DUNN BROKERS MULTI-FAMILY BUILDING IN WEST HOLLYWOOD

WEST HOLLYWOOD, Calif.—January 21, 2008— David Eitches of Charles Dunn Company, a partner of GVA Worldwide, negotiated the purchase and sale of a 6,678-square-foot apartment building located at 521 North Orlando Ave., in West Hollywood, Calif. for a consideration in excess of $1.58 million. The two-story apartment building has nine units and is 100 percent occupied.

“The building is located in a prime part of West Hollywood, just blocks away from the world renowned, Melrose Place,” said Eitches, director of investment services group in the West Los Angeles office of Charles Dunn. “The buyer capitalized on the low price and key location of the building.”

CHARLES DUNN NEGOTIATES PURCHASE OF RETAIL BUILDING FOR MORE THAN $2 MILLION

Current Tenant Renews Lease For 20-Year Term

SPRINGDALE, Ohio –January 17, 2008— Susan Harris, director of the retail services group at Charles Dunn Company, a partner of GVA Worldwide, negotiated the purchase of a 5,820-square-foot retail building for a consideration in excess of $2 million. The building, which is currently occupied by Chili’s restaurant, is located at 855 E. Kemper Road, in Springdale, Ohio.

A private investor purchased the leased investment from an unnamed institutional seller. The property was sold with a newly signed 20-year lease with annual increases, which will keep Chili’s in the Kemper Road location.

“This property is in a prime retail location,” said Harris. “The restaurant is an out-parcel to Best-Buy, K&G Fashion and Dick’s Sporting Goods. It is also located across the street from a Wal-Mart Super Center.”

CHARLES DUNN COMPANY NEGOTIATES 10-YEAR LEASE FOR UCLA EXTENSION

LOS ANGELES— January 22, 2008—UCLA has signed a 10-year lease for 16,380 square feet in the Figueroa Courtyard located at 261 South Figueroa Street in Downtown Los Angeles for more than $5 million. The university will use the space for its extension program, which will include day and night classes.

Chris Runyen, a senior managing director in the downtown Los Angeles office of Charles Dunn Company, a partner of GVA Worldwide, represented the landlord, California National Bank. With UCLA’s addition, the occupancy rate at the Figueroa Courtyard will be more than 95 percent. Classes are expected to begin in the summer of 2008. UCLA was represented by Craig Jablin and David Gordon of Studley.

Figueroa Courtyard is a unique park-like office project consisting of five low-rise office buildings totaling 270,000 square feet on 4.5 acres of lushly landscaped grounds. The project boasts an on-site California National Bank branch, full-service deli and grill, wi-fi internet access, and three interactive water features.

CHARLES DUNN NEGOTIATES PURCHASE OF MULTI-FAMILY PORTFOLIO IN MARINA DEL REY

MARINA DEL REY, Calif. –January 24, 2008—Michel Hibbert, CCIM, of Charles Dunn Company, a partner of GVA Worldwide, negotiated the purchase of a multi-family portfolio located at 116-118 & 120-126 Driftwood Street in Marina Del Rey, Calif. for a consideration of $2.55 million.

Hibbert represented the buyer, Hollywood Carlton Properties, LLC. The seller, Hugh M. Rosenthal, Trustee was represented by Howard Rubenstein with Realty Company of America.

The transaction included nine units totaling 6,613 square feet. The portfolio sold for more than $283,000 per unit with a cap rate of 4.06 percent.

“Marina Del Rey has a strong rental market and very low vacancy,” said Hibbert.

CHARLES DUNN COMPANY NEGOTIATES $2.3 MILLION PURCHASE OF OFFICE BUILDING

International Prep School Expands Its California Operation

IRVINE, Calif. —January 28, 2008–- The Elite Educational Institute (EEI), an international prep school for grades three though 12, has purchased a new 4,960-square-foot free-standing office building located at 1180 Roosevelt Ave. in Irvine, Calif. for a cost of $2.3 million.

Josh Reilly of the Long Beach office of Charles Dunn Company, a partner of GVA Worldwide, represented EEI. Mike Vukovich represented the seller, Bacchus Commercial, LLC.

According to Reilly, the office building will be used as a classroom facility and should be operational by April 2008. EEI has 11 school branches in Southern California and three in Northern California. Based in Los Angeles, EEI was founded in 1978 and has 28 branches worldwide.

CHARLES DUNN BROKERS FRIENDLY’S RESTAURANT FOR $1.4 MILLION

STOUGHTON, Mass. –January 29, 2008— Paul A. Kenworthy, CCIM, managing director of investment services group for Charles Dunn Company, a partner of GVA Worldwide, negotiated the sale and purchase of a 2,511-square-foot Friendly’s Restaurant for a consideration of $1.4 million. The restaurant is located at 630 Washington Street in Stoughton, Mass.

According to Kenworthy, a private investor purchased the property from an institutional seller for nearly $560 per square foot with a cap rate of 6.7 percent.

The restaurant is conveniently located at the entrance of the Target Shopping Center, which is occupied by major retail chains including Target and Kohl’s.

Friendly’s is a restaurant company that specializes in ice cream desserts and has more than 500 restaurants throughout the United States.

CHARLES DUNN NEGOTIATES SALE OF 27-UNIT APARTMENT BUILDING FOR $8.2 MILLION

LOS ANGELES –January 31, 2008— Charles Dunn Company, a partner of GVA Worldwide, negotiated the sale of a 27-unit apartment building in Los Angeles on behalf of the seller, N2 Ventures LLC and Silver Oak Holdings LLC, for a consideration of $8.2 million. The 30,590-square-foot apartment building is located at 3325 S. Canfield Avenue in Los Angeles.

Michel Hibbert, senior managing director of the investment services group in the Los Angeles office of Charles Dunn, represented N2 Ventures and Silver Oak Holdings. Michael Balson of Miller & DeSatnik represented the buyer, Redwood Partners LLC.

“The building was 100 percent occupied at the closing of escrow,” Hibbert said. “It is a stable class ‘A’ apartment building in a prime location.”

© 2010 Charles Dunn Company