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In The News

DESCENDANTS OF THE RALPHS FAMILY SELLS 2,500 ACRES FOR $2 MILLION

Charles Dunn Closes One of the Largest Land Transactions in Los Angeles County

LOS ANGELES-December 16, 2003-Charles Dunn Company, a full-service commercial real estate and management firm, has sold a 2,500-acre parcel of land located in Gorman, CA to Gorman Post Ranch LLC for $2 million. The land is adjacent to Tejon Ranch's Centennial Partners Project located in the Northwest portion of Los Angeles County, Calif. This land has been owned by descendents of the Ralphs grocery stores' founder since 1898.

Glen Beer, Director in the Investment Services Division at Charles Dunn's West Los Angels office, represented the sellers, descendants of the Ralphs' grocery store founder. The buyer, Gorman Post Ranch LLC, was represented by Gorman Real Estate Company.

"This property is one of the largest land transaction in Los Angeles County, adding up to more than four square miles of vacant land space," said Beer. "The buyer's plans for the land is undetermined at this time."

CHARLES DUNN COMPANY CLOSES TWO MULTIFAMILY SALES TOTALING MORE THAN $2.5 MILLION

LOS ANGELES -December 19, 2003-Charles Dunn Company - a full-service commercial real estate firm - has closed two multifamily building sales in the Los Angeles area. The first building is a 9-unit apartment complex located at 1820 S. Bundy Dr. in Los Angeles, which sold for $1.3 million. The second sale is also a 9-unit apartment building located at 11235 Richland Ave., which sold for $1.26 million.

For the 1820 S. Bundy Drive building, Michel Hibbert, managing director of the investment properties group in Charles Dunn's West LA office, represented the seller, Matt Nelson (an individual investor) and the buyer Ipowerweb, Inc. was represented by Serge Masche of Hollywood Land Realty.

For the 11235 Richland Avenue building, Hibbert represented the sellers, Bob and Margie Nakamura and the buyer, Matt Nelson.

CHARLES DUNN COMPANY AWARDED 52,000 SF PROPERTY MANAGEMENT CONTRACT FOR VALENCIA OFFICE BUILDING

Los Angeles, Calif./Valencia, Calif.-December 17, 2003-The Corporate Services Division of Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of a two-story, 52,000 SF industrial building located at 28238 Crocker Avenue in Valencia, Calif. The building is owned by ARKA Properties Group - owners and managers of income properties.

Pauleen Singh, portfolio manager in Charles Dunn's Los Angeles office, will oversee the account. She currently handles the majority of the ARKA portfolio, which totals 419,000 SF in nine separate properties. Christine Morendo, executive vice president of corporate services for Charles Dunn, first established a relationship with ARKA Properties in 1998 and is looking forward to managing additional ARKA properties in 2004.

CHARLES DUNN COMPANY SOLD 106,670 SF OF MULTIFAMILY SPACE FOR $4.4 MILLION

LOS ANGELES-December 10, 2003- Janet Neman of the Charles Dunn Company, a full-service commercial real estate and management firm, has sold a 139-unit apartment building at 4067-77 W. Third St. and a single-family home totaling 106,670 SF for $4.4 million. The single-family home is located adjacent to the apartments at 260 S. Kingsley Dr in Los Angeles, Calif.

Janet Neman, senior managing director, at Charles Dunn's West Los Angeles office represented the buyer, Ideal Properties, LLC. Mark McDonald of Hendricks & Partners' Sherman Oaks office represented the sellers, members of The Werbin Family Trust.

"Ideal Properties was chosen out of 33 offers and plans on renovating and improving the two-building apartment complex as well as the single-family home," said Neman.

CHARLES DUNN COMPANY SOLD CITY NATIONAL BANK BUILDING FOR $29 MILLION

LOS ANGELES -November 21, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold the 283,251 SF City National Bank (CNB) office building for approximately $29 million. Built in 1967, the 24-story building is located at 606 South Olive Street in Los Angeles, Calif. John Anthony, managing director, Dennis Slattery, senior managing director and Dan Cherrie, director, in Charles Dunn's downtown Los Angeles office represented both the seller, Citinational Buckeye-Building Co and the buyer, 606 Olive LLC.

"Today's strong investment sales activity in Downtown Los Angeles made it the perfect time for Citinational Buckeye-Building Co to sell," said Anthony. "The buyer purchased the building due to its excellent location in the heart of Downtown, and plans on renovating the property's elevators."

The building is 97% leased with credit tenants such as General Service Administration (GSA), which utilizes 105,000 SF of office space and City National Bank, which takes up 110,000 SF.

CHARLES DUNN COMPANY SELLS WHITTIER MEDICAL PLAZA FOR $1.3 Million

Whittier, Calif./Seal Beach, Calif.-November 25, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 19,500 SF building for approximately $1.3 million. The medical office building is located at 13203 Hadley Street in Whittier, Calif.

The team of Charles Dunn brokers representing the owner, The Hauser Family Trust, comprised of Gene Page, Senior Managing Director; Greg Gill, Senior Managing Director, Jeff Coburn, Associate and Daniel Montoya, Associate - all located in the firm's Seal Beach office.

Gail Robinson, Regional Manager of Property Management Services for Charles Dunn, managed the property for The Hauser Family and referred the sale to the firm's team of brokers.

The buyer, Keith Sinclair, was represented by Binswanger Realty. Sinclair owns a portfolio of medical office buildings in the Los Angeles area and plans to renovate the property, including replacing all mechanical equipment.

CHARLES DUNN COMPANY SELLS RETAIL CENTER FOR $4.1 MILLION

Montebello, Calif. -November 7, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 19,568 square-foot retail center located at 1000 Beverly Blvd. in Montebello Calif. for $4.1 million. Built in 1984, the center will house 12 stores including a 7-Eleven, United Parcel Service site and a Check-N-Go location.

Paul C. Krikorian, director of the investment properties group in Charles Dunn's West LA office, represented the buyer, Daniel Ong, an individual investor. The seller, Westwood Financial, was represented by Marcus and Millichap.

The buyer will be renovated the center and will add a new Chinese restaurant to the property," said Krikorian. "Westwood Financial decided to consolidate its portfolio of smaller centers and are now seeking to buy grocery-anchored shopping centers over $10 million in value."

CHARLES DUNN'S REGIONAL VP ELECTED TO BOARD OF DIRECTORS OF DESERT CANCER FOUNDATION

Phoenix, AZ -October 30, 2003-Susan Dunst, Charles Dunn Real Estate Management Services' regional vice president of the Phoenix office, was elected to the Board of Directors of the Desert Cancer Foundation of Arizona - a non-profit organization dedicated to serving women and their families who are in need of care.

As one of the board members, she will be responsible for recruitment, grant writing and promoting cancer awareness throughout Arizona.

As regional vice president for Charles Dunn, her responsibilities include the overall management of the business operations of the Arizona region, with offices in Phoenix, Tucson and Houston, Texas. The Arizona region currently manages approximately 900,000 square feet, which includes office, industrial, retail and R&D product. With more than 22 years experience working in commercial real estate, Dunst is both a Certified Property Manager (CPM) and a Real Property Administrator (RPA).

She joined Charles Dunn Real Estate Services in 1997 as a senior portfolio manager responsible for the management of 800,000 square feet and was promoted to regional vice president in 1999 and is a designated broker for the firm.

Prior to joining Charles Dunn Company, Dunst served as vice president for Koll Management Services for more than 12 years, where she supervised a multi-tenant portfolio of 1.5 million square feet.

In 2000, Dunst was the Phoenix Chapter President for the Institute of Real Estate (IREM), and she is a current member of IREM , BOMA ICSC. In addition, she has a nursing degree from the University of Kansas and teaches classes on law and finance at the Arizona School of Real Estate. Susan is also the designated real estate broker for the Arizona region.

CHARLES DUNN COMPANY SELLS WEST LOS ANGELES APARTMENT BUILDING FOR $2.3 MILLION

LOS ANGELES -October 24, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 14,150 SF multi-family building located at 3760 Sawtelle Blvd. in Los Angeles, Calif. The 15-unit, three-story building was built in 1986 and sold for $2.3 million.

Michel Hibbert, managing director of the Investment Properties Group in Charles Dunn's West LA office, represented the buyer, Erma Darling. John Warfel of Metropolitan Pacific represented the seller, Richard Glassberg.

"This multifamily building is well located in the heart of Mar Vista," said Hibbert. "The buyer will be renovating the common areas of the building as well as the vacant units."

CHARLES DUNN COMPANY SOLD 35,493 SF OF MULTI-FAMILY SPACE IN LOS ANGELES

LOS ANGELES-October 8, 2003- Charles Dunn Company, a full-service commercial real estate firm, has sold several parcels for the development of multifamily units in downtown Los Angeles for $1.4 million. The properties are located at 1304 W. 2nd Street, 208-210 and 226 Lucas Ave. and 273, 275 and 279 Emerald St. and will be developed as part of a larger property purchased last year.

Albert R. Shilton, senior managing director, at Charles Dunn's West Los Angeles office represented the buyer, Meta Housing Corporation. The sellers, Lucas Emerald Account and Peter Guttridge, were both represented by the brokerage firm of Crown Hill Realty.

"Meta Housing Corp will be incorporating the recent purchase into a 350 unit, plus project currently under development adjacent to the Lucas and Emerald properties," said Shilton.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR INTERNATIONAL TOWER OFFICE BUILDING

Charles Dunn Will Manage and Lease the 412,000 SF Office Tower in Los Angeles

LOS ANGELES-September 25, 2003-The Los Angeles office of Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of the 412,000 SF International Tower Office Building located at 888 S. Figueroa Street in downtown Los Angeles. Built in 1985, the property is a 21-story Class "A" building, which will be leased by Charles Dunn as well.

Patrick Conn, vice president in Charles Dunn's downtown Los Angeles office, will be the asset manager for the property and Romy Miura, portfolio manager for Charles Dunn, will assist Mr. Conn. John Anthony, managing director, and Dan Cherrie, director, in Charles Dunn's Los Angeles office will handle the leasing of the building.

The owner, Southpark Associates, hired Charles Dunn to increase the building's tenant occupancy.

CHARLES DUNN COMPANY SELLS 16,000 SF OFFICE BUILDING FOR MORE THAN $4.2 MILLION

SAN DIEGO -September 24, 2003-The San Diego office of the Charles Dunn Company, a full-service commercial real estate firm, has sold a 16,000 SF office building for more than $4.2 million. The building is located at 1499 Monrovia St. in Newport Beach, Calif.

This two-story glass building, with an ocean view, was built in 1968 for The Bond Publishing Company. The Bond Publishing Company subsequently sold the business to CBS, who in turn, sold the business to Hachette Filipacci Media US, Inc. Hachette Filipacci Media is headquartered in New York City and publishes "Road and Track" and "Cycle World " Magazines.

Bob Hitchock, regional vice president of Charles Dunn's San Diego office, represented the seller, Petree Properties II. Denny Pender of the Nathan Howard Group represented the building's buyer, Monrovia Avenue LLC, a Delaware-based limited liability company.

"This transaction included a land parcel adjacent to the office building that can be utilized for expansion of the existing tenant or for other future developments to the property," said Hitchcock.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACTS FOR TWO OFFICE BUILDINGS IN ESCONDIDO, CALIFORNIA

San Diego, Calif.-September 23, 2003-The San Diego office of the Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of two office properties: a 42,000 SF, class "B+", two-story building located at Pomerado Professional Plaza, 15706-15708 Promerado Road in Escondido, Calif. and a 13,750 SF, class "B", two-story office building located at 1820 South Escondido Blvd in Escondido, Calif.

Margie Murphy, portfolio manager in the San Diego office of Charles Dunn Real Estate Services, will be responsible for over-seeing the management of these two properties.

These two buildings are of Spanish architecture and feature offices spaces from 800 to 4,000 square feet. The Pomerado also features executive suites leased on a gross fee basis.

"Our goal is to optimize the net operation income through an aggressive leasing and renewal program," said Bob Hitchcock, regional vice president at Charles Dunn's San Diego office. "Currently, the buildings are 80% occupied and our goal is to bring up this occupancy rate to 95% by year-end. In addition, several upgrades are also planned for the properties in 2004."-

Both buildings are leased by Carl Investments Inc., as the agent for the owner: MLSC, L.P. and Scott E. Carl, president.

CHARLES DUNN COMPANY COMPLETES TWO LEASE TRANSACTIONS TOTALING OVER $650,000

SEAL BEACH, CALIF. -September 22, 2003-Charles Dunn Company, a full-service commercial real estate firm, has closed two lease transactions: a 31-month lease of a 4,332 SF industrial building for $62,000 located at 801 West Victoria St., Unit F, in Rancho Dominguez, Calif. and a five-year, a 5,234 FS office building lease for $600,823 located at 3100 Bristol St., Suite 150, in Costa Mesa, Calif.

Greg Gill, Senior Managing Director, and Daniel Montoya, Associate, in Charles Dunn's Seal Beach office, represented Mercury Goldman, the tenant of the 801 West Victoria St. property. The landlord, Rancho Dominguez Equity, LLC, was represented by Turnkey Properties.

Jon Beuder, Managing Director, in Charles Dunn's Seal Beach office, represented Executive Management Group, Inc., the tenant of the 3100 Bristol St. property. Carr America represented the landlord, Carr American. Executive Management Group relocated within the project.

"Executive Management Group was nearing renewal, which reduced their current rental rate and gave them a turnkey building," said Beuder.

CHARLES DUNN COMPANY AWARDED PROPERTY MANAGEMENT CONTRACT FOR FREMONT AUTO MALL

San Francisco, Calif.-September 15, 2003-The San Francisco office of the Charles Dunn Company, a full-service California based commercial real estate and management firm, has assumed management of the Fremont Auto Mall totaling 14,820 SF located at 43901-43941 Hugo Terrace, Fremont, CA

Fremont's Auto Mall's major tenants include Starbucks Coffee and Quiznos Sub. The owner, R & J Equities, hired Charles Dunn to manage this mall after recently acquiring the property from the original developer, Imwalle Stegner.

Steven Ring, regional vice president of the San Francisco office of Charles Dunn Real Estate Services and the president of the San Francisco chapter of the Institute of Real Estate Management (IREM), will be responsible for over-seeing the management of this property.

"Located adjacent to the recently built Home Depot and REI stores, this center possesses a high profile for all tenants," said Ring. "The center features an attractive design and easy access."

CHARLES DUNN COMPANY COMPLETES SUBLEASE TRANSACTION FOR $500,000

Irvine, Calif. -September 12, 2003-The Charles Dunn Company, a full-service commercial real estate firm, has completed a 28-month, 13, 655 SF office building sub-lease of the entire 17th floor at Tower 17 totaling $500,000. The Tower 17 building is located at 18881 Von Karman in Irvine, Calif.

Suzanne Richie, director, in Charles Dunn's Orange County office, represented the sub-lessee, Space Launch Corporation - a developer of innovative products for the space transportation industry. Steve Ehrich, director, also in Charles Dunn's Orange County office, and Roy Longman of CRESA Partners represented the sub-lessor, Core, Inc.

According to Richie, Space Launch Corporation has relocated to Irvine to accommodate company growth and recent contract wins. In addition, Tower 17 building was selected due to the proximity to the John Wayne Airport.

CHARLES DUNN COMPANY COMPLETES $2.2 MILLION SALE OF MULTI-FAMILY BUILDING

LOS ANGELES -September 3, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 14,853 SF, 17-unit apartment building for approximately $2.2 million. The multi-family building is located at 1810 Purdue Avenue in Los Angeles.

Michel Hibbert, managing director of investment properties, at Charles Dunn's West Los Angeles office represented the buyer, Kolovos Trust. The seller, Fourth Street Venture, was represented by NPS Realty.

Charles Dunn Company Hires Brokerage Services Associate for Seal Beach Office

Seal Beach, Calif. -September 2, 2003- Charles Dunn Company, a full-service commercial real estate firm, has recently hired Shaun R. McCullough as an associate in brokerage services. McCullough specializes in office and industrial sales and leasing transactions. He will be based in the company's Seal Beach office.

As an associate in brokerage services, McCullough is responsible for supporting senior brokers through research, financial analysis and marketing of their commercial transactions.

McCullough earned his bachelor's degree from the University of California at Davis, majoring in communications with a double minor in business and sociology. He is an active member of Sigma Alpha Epsilon (alumni relations) and UC Davis Alumni Associations (UC Davis Baseball).

CHARLES DUNN COMPANY SOLD MULTIFAMILY PROPERTY FOR $2.7 MILLION

Contact: Vamin@hoytorg.com

LOS ANGELES -June 30, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 17-unit (17,788 SF) apartment building for approximately $2.7 million on behalf of Kolovos Family Trust. Built in 1991, the three-story building is located at 7120 Ramsgate Avenue in the Westchester section of Los Angeles, Calif.

Michel Hibbert, CCIM, managing director of Investment Properties in Charles Dunn's West Los Angeles, represented the buyer, Kolovos Family Trust. The seller, 7120 Ramsgate LTD, was represented by Norma Lee Realty. "The buyer purchased the property based on the rental upside of the project, which was about 20% as well as the high-quality construction," said Hibbert.

CHARLES DUNN COMPANY SELLS PRIME LOS ANGELES OFFICE BUILDING FOR $6.9 MILLION

Contact: Vamin@hoytorg.com

LOS ANGELES -June 25, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 66,000 SF office building to 3545 Wilshire, LLC (Jamison Properties) from The Wilshire Building Company, LLC for $6.9 million. The three-story building is located at 3545 Wilshire Blvd. in Los Angeles, Calif.

John Anthony, managing director, in Charles Dunn's downtown Los Angeles office, represented both the seller, The Wilshire Building Company, LLC. and the buyer, 3545 Wilshire LLC (Jamison Properties).

"This sale adds to Jamison Properties' expanding portfolio," said Anthony. "The building was 100% leased at the time of sale and represents a high mark in recent years on a price per square foot basis for the Wilshire Center office market."

CHARLES DUNN COMPANY COMPLETES $1.8 MILLION LEASE TRANSACTION ON BEHALF OF MDG CAPITAL GROUP

Contact: Vamin@hoytorg.com

Santa Ana, Calif. -June 18, 2003-The Premier Services Group of the Charles Dunn Company, a full-service commercial real estate firm, has completed an 8-year, 11,079 SF, lease renewal on behalf of MDG Capital Group for approximately $1.8 million. The office building is located at Carnegie Centre Business Park -- 2500 Red Hill Avenue in Santa Ana, Calif.

Premier Services Group members Tim Good, senior managing director, and Erik Good, director, in Charles Dunn's Orange County office, represented the landlord, MDG Capital Group. The tenant, VNA Home Health Systems was represented by CB Richard Ellis.

The Premier Services Group at Charles Dunn is a select team of skilled professionals dedicated to delivering the highest level of personalized service to owners of office, flex and industrial assets. The group optimizes ownership objectives for private and institutional clients, offering acquisition, advisory, asset management, dispositions, due diligence, property management, repositioning and underwriting services.

CHARLES DUNN COMPANY COMPLETES $3 MILLION SALE FOR EXXONMOBIL

Contact: Vamin@hoytorg.com

Santa Barbara, Calif./Norwalk, Calif.-June 16, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold two net-leased ExxonMobil service stations: a 26,136 SF land for $1.1 million located at 100 S. LA Cumbre Road in Santa Barbara, Calif.; a 29,715 SF land for $994,000 located at 11009 Rosecrans Avenue in Norwalk, Calif. The total consideration was approximately $3 million.

For both properties, Rick Harrison, senior managing director in Charles Dunn's downtown Los Angeles office, represented the sellers, the John Ivers Trust/Jessie Ivers Trust. The buyer, Avenue 26 Holdings LLC, was represented by The Royston Group.
"The two sites represented well-located real estate secured by long-term leases to ExxonMobil Corporation," said Harrison.

CHARLES DUNN COMPANY SOLD WEST HOLLYWOOD MULITIFAMILY BUILDING FOR $1 MILLION

Contact: Vamin@hoytorg.com

West Hollywood, Calif.-June 16, 2003-Charles Dunn Company, a full-service California based commercial real estate firm, has sold a 7,860 SF multifamily building from C. Patton Investments, LLC to F&S Partnership III for $1 million. The ten unit building is located at 1218 N. Larrabee Street in West Hollywood, Calif.

Albert Shilton, senior managing director of investment properties at Charles Dunn's West LA office and Susan Harris, Sales Associate, represented the buyer, F&S Partnership Inc. The seller, C. Patton Investments, LLC, was represented by Charles Patton.

"The property not only had substantial upside potential, but contained two vacancies at the close of escrow," said Shilton. "These vacant units offered the buyer the immediate opportunity to move 20% of the building income to market."

CHARLES DUNN COMPANY SOLD MULTIFAMILY PROPERTY FOR $1.6 MILLION

Contact: Vamin@hoytorg.com

LOS ANGELES -June 12, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 40-unit apartment building from Catalina Properties, LLC to Nick Nickravesh for $1.6 million. Built in the 1920s, the building is located at 730 S. Catalina Street in West Los Angeles, Calif.

Janet Neman, senior managing director at Charles Dunn's West LA office represented both the seller, Catalina Properties LLC, and the buyer, Nick Nickravesh - an independent real estate investor.

"Even though the building is located in a prime Mid-Wilshire area, the rents were 20% below the market," said Neman. "The buyers intend to renovate the building and bring the rents up to market rate."

CHARLES DUNN COMPANY SOLD 18,604 SF APARTMENT BUILDING FOR $1.2 MILLION

Contact: Vamin@hoytorg.com

LOS ANGELES -June 10, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold an 18,604 SF, 32-unit apartment building located at 138 South Westmoreland Avenue in Los Angeles, Calif. The four-story building has a unit mix comprised entirely of single units and the building was 97% occupied at the time of sale.

Bradley Anderson, associate and Albert R. Shilton, senior managing director, both of the Investment Properties Group in Charles Dunn's West LA office, represented the seller, The Amerra Family Trust. The buyer, Innovent Real Estate Five, LLC, was represented in-house by Jason Posovsky.

The seller originally purchased the building at the end of February, 2002 for $770,000. Based on this latest sale price, we were able to help our client realize a gain in value of approximately 54% over 15 months," said Anderson. "The rapid value increase is indicative of a strong seller's market, driven by the availability of increasingly low interest rate financing during the last 18 months."

CHARLES DUNN SR. PORTFOLIO MANAGER ELECTED VP OF EDUCATION FOR THE SACRAMENTO IREM CHAPTER

Contact: Vamin@hoytorg.com

Sacramento, Calif. -June 5, 2003-Susan Louie, CPM, CCIM, Charles Dunn Real Estate Management Services' senior portfolio manager, has been elected vice president of education for the Institute of Real Estate Management (IREM) Sacramento Chapter.

Since 1999, Louie has been a member of the Sacramento Chapter of IREM. As vice president of education, she will be responsible for overseeing the chapter's current education programs as well as determining the educational programs for the following year and will be performing a variety of other duties from the president and executive council of IREM.

At Charles Dunn, Louie is a senior portfolio manager responsible for the management of more than 1 million square feet of retail properties. She coordinates the day-to-day management, leasing, tenant improvement, owner reporting and tenant negotiations of her portfolio. Louie received a bachelor's degree in business from the University of Southern California. She received her Certified Property Manager (CPM) designation from IREM in 1992 and received her Certified Commercial Investment Member (CCIM) designation in 1997 from the CCIM Institute.

Charles Dunn Company Hires Real Estate Professional For Phoenix Office

Contact: Vamin@hoytorg.com

Phoenix, Ariz. -June 3, 2003- Timothy J. Parke has joined Charles Dunn Company, a full-service California based commercial real estate firm, as an associate director. He will be responsible for retail properties and investments. Parke will be based in Charles Dunn's Phoenix office. Parke received his bachelor's degree in finance from the University of San Diego.

CHARLES DUNN COMPANY CLOSES TWO MEDICAL BUILDING LEASES TOTALING $3.1 MILLION

Contact: Vamin@hoytorg.com

Los Angeles/Glendale, Calif. -April 28, 2003-Charles Dunn Company's Medical Services Group, a full-service California-based commercial real estate firm, has closed two medical building leases: a 5,025 SF, 65-month sublease for $554,504 on behalf of Cancer Detection Center located at 1230 W. Third Street in Los Angeles, Calif.; and an 8,000 SF, 12-year lease with a value of $2.5 million on behalf of The Kidney Center located at 1808 Verdugo Blvd. in Glendale, Calif.

For the first property, Robert Harrison, senior managing director of the medical services group at Charles Dunn's downtown LA office, represented both the tenant, Cancer Detection Center - a non-profit institution offering a full range of high quality cancer screening services for women and men - and the landlord, La Vida Multispecialty Medical Center.

For the second property, Mr. Harrison represented the landlord, Verdugo Hills Hospital Professional Buildings. The tenant - The Kidney Center - was represented by Ramsey Shilling Company.

"Cancer Detection Center relocated from the corner of 6th and Lucas in Los Angeles. This move consolidates the tenant's current inefficient space and modernizes their medical offices," said Harrison. "The Kidney Center's new location will allow the center to service the Glendale, La Canada & La Crescenta area."

Charles Dunn's Sacramento Office Moves to Rancho Cordova

Move is Part of Charles Dunn Expansion Plan

Contact: Vamin@hoytorg.com

Rancho Cordova, Calif. -April 22, 2003- Charles Dunn Company, one of the top full service commercial brokerage and property management firms, is proud to announce the relocation of its Sacramento office to Rancho Cordova, Calif. The new office is located at 10855 Olson Drive, Rancho Cordova, Calif.

"Since the acquisition of Rancho Cordova Town Center, we felt that with the sizes of the center and the improvements being made - we could better serve our client by being on-site to oversee all aspects of the work," said Bonnie Kimbrough, regional vice president of the Charles Dunn's Sacramento office.

CHARLES DUNN COMPANY SOLD MULTIFAMILY BUILDING FOR $3.1 MILLION

Contact: Vamin@hoytorg.com

West Los Angeles, Calif - April 18, 2003 -Charles Dunn Company, a full-service commercial real estate firm, has sold a 17,341 SF multifamily building from Purdue Avenue Development Company to the Klein Family for $3.1 million. The building is located at 2434 Purdue Avenue in West Los Angeles, Calif.

Paul C. Krikorian, director in Charles Dunn's West LA office, represented the buyer, Mr. and Mrs. Klein. The seller, Purdue Avenue Development Company, represented itself.

"This extremely attractive building is located in a quiet residential neighborhood on the west side near the 405 freeway," said Krikorian. "Due to the buildings vast amenities such as ample parking, a pool and elevator, the buyer couldn't pass up this great opportunity," said Krikorian.

CHARLES DUNN COMPANY COMPLETED $1.8 MILLION LAND PARCEL SALE ON IRVINE BMW

Contact: Vamin@hoytorg.com

Irvine, Calif. -April 15, 2003-Charles Dunn Company, a full-service California based commercial real estate firm, has sold a 78,408 SF land parcel from Irvine Community Development to Irvine Properties, LLC for approximately $1.8 million. The property is located at 9881 Research Drive in Irvine, Calif.

Greg Gill, senior managing director at Charles Dunn's Seal Beach office, represented the buyer, Irvine Properties, LLC (Irvine BMW). The seller, Irvine Community Development, represented itself.

"Irvine Properties purchased this land in order to expand the company's existing BMW dealership," said Gill. "This is an ideal location for a dealership due to the fact that it is close to the 405 and 5 freeways."

CHARLES DUNN COMPANY COMPLETES 7.6 ACRE SALES TRANSACTION

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Casa Grande, Ariz. -February 27, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold 7.63-acres of Monument Village for $515,046 to Regency Park Investments, L.L.C. The village is located at Arizola and McMurray Roads, Casa Grande, Ariz.
Gary Kehias, regional sales manager of Charles Dunn's Phoenix office, represented both the seller, Advisor Mortgage, Inc. and the buyer, Regency Park Investments, L.L.C.
"The buyer intends to use the property to develop a (80,000 SF) for garden offices condominiums for the medical community, which is located a quarter of a mile from The Regional Medical Center," said Kehias. "This development is the first office condo project in the Casa Grande area."

CHARLES DUNN COMPANY COMPLETES THREE DEALS IN INLAND EMPIRE

Inland Empire Market Strengthening as Companies Move In

Contact: Vamin@hoytorg.com

Inland Empire, Calif./Orange County, Calif. -February 19, 2003 - The Orange County office of Charles Dunn Company, a full-service commercial real estate firm, recently completed three transactions located in the Inland Empire.

Douglas Golden, managing director, in Charles Dunn's Orange County office, sold a 13,500 SF industrial building with adjacent 10,000 SF lot for future growth for $535,000. The building is located at 3082 Franklin Avenue in Riverside, Calif. Golden represented the buyer, George and Maria Hayashi. The seller, Scott Kantrowitz, Edward White and the Kantrowitz Trust, was represented by CB Richard Ellis. The buyers, owners of Vernon based Engine Trend, Inc., Engine Trend Inc., will be opening the company's fourth distribution center in Southern California.

"Many companies are looking in the Inland Empire to relocate their businesses or open satellite locations, thus confirming the strength of the market," said Golden. "While everyone knows that warehouse users have migrated to the Inland Empire to take advantage of inexpensive, modern distribution facilities, people forget about the needs resulting from the massive population growth of the region. Many new businesses have opened to provide industrial and medical services to the area's residents."

In addition, Golden completed a 5,800 SF, 4-year lease transaction on behalf of Home Pharmacy of California (HPC). The industrial building is located at 2045 California Street, unit 114 in Corona, Calif. The tenant, Burbank based Home Pharmacy of California, was represented by Golden. The landlord, Peter Marovic, was represented by Lee & Associates. According to Golden, HPC will be using this facility as a closed-door pharmacy, ambulatory infusion center and warehouse for pharmaceutical products.

Also in the Inland Empire, Golden completed a 29,020 SF lease on behalf of K. B. Sales. The industrial building is located at 2315 Locust Street in Ontario, Calif. The tenant, K. B. Sales, was represented by Golden. The landlord, Marshallee Shopping Centers, was represented by CB Richard Ellis. Since K.B. Sales, a distributor of outdoor furniture in the U.S., needed additional space, the Santa Monica-based company relocated from its Torrance facility to the Ontario building, said Golden.

Charles Dunn Adds Real Estate Veteran to Property Management Team in Los Angeles

Retired U.S. Colonel and Real Estate Professional Responsible for Special Projects and New Business

Contact: Vamin@hoytorg.com

LOS ANGELES -February 14, 2003-Bill V. Wenger has joined Charles Dunn Real Estate Management Services, one of the largest full-service commercial real estate firms in the West, as vice president. Working in Charles Dunn's Asian Division and Corporate Services, Wenger will be responsible for special projects and the acquisition of new business. Wenger will be based in Charles Dunn's downtown Los Angeles office.

Over the years, Wenger has worked for Kilroy Realty Corporation as director of asset management; LaSalle Partners Management, LTD as the general manager of the Transamerica Center in Los Angeles; and MS Management Services as the general manager of Two California Plaza and Home Savings of America Tower located in downtown Los Angeles. In addition, he has also managed several million square feet of commercial property throughout the United States for Shuwa Investments Corporation. In addition to his real estate career, Wenger has served as an officer in the U.S. Army. Wenger recently retired from the U.S. Army as a full Colonel, after a career of more than 31 years.

Wenger received a master's degree in theatre arts from California State University Long Beach and received an MBA from Pepperdine University. In addition, Wenger holds a bachelor's degree in history and anthropology from University of California at Santa Barbara. Currently, he is completing his third master's degree in defense management.

Wenger is currently affiliated with the following associations: Building Owners and Managers Association International of Greater Los Angeles (BOMA); Building Owners and Managers Institute International (BOMI); Institute of Real Estate Management of Los Angeles (IREM); Youth Intervention Program - South Central Los Angeles and National Guard Associations of the United States.

Charles Dunn Hires Marketing Executive For San Fernando Valley Office

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San Fernando Valley, Calif. -February 11, 2003- Cory Weiss has recently joined Charles Dunn Company, a full service California-based commercial real estate firm, as marketing executive for the firm's industrial group. He will be based in the firm's Woodland Hills office. Weiss will be responsible for servicing industrial and corporate tenants and landlords. In addition, he will also be representing principals in building sales.
Prior to joining Charles Dunn, Weiss was a sales associate for Colliers Seeley where he worked as a broker on LNR Warner Center - one of San Fernando Valley's largest office developments. At Seeley, Weiss worked on large tenant deals for a variety of clients such as Univision, Health Net, Seagram's and the Bank of Beverly Hills.

Weiss received his bachelor's degree in marketing from Southern Methodist University in Dallas, Texas. He currently is a member of the American Industrial Real Estate Association (AIR).

CHARLES DUNN COMPANY COMPLETES $4.2 MILLION LAND ACQUISITION IN RANCHO CUCAMONGA

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Rancho Cucamonga, Calif./Orange County, Calif. -February 11, 2003- The Orange County office of Charles Dunn Company, a full-service commercial real estate firm, recently sold 9.6 acres of vacant land to Kisco Development LLC for approximately $4.2 million. The land is located at the Southwest corner of Sixth Street and Fair View Place in Rancho Cucamonga, Calif.

Jeff Searcy and Dave Stolte, both directors of housing, and Douglas Golden, managing director, in Charles Dunn's Orange County office, represented the buyer, Kisco Development LLC, and the seller, General Dynamics.

"Kisco Development intends to construct an age-restricted, market rate, 264-unit luxury senior apartment complex," said Searcy. "The adjacent luxury golf course is one of the primary reasons the buyer decided to purchase this land."

Charles Dunn's Sherman Oaks Office Moves to Studio City

Move is Part of Charles Dunn Expansion Plan

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San Fernando Valley, Calif. -February 7, 2003 - Charles Dunn Company, one of the top full service commercial real estate brokerage firms, is proud to announce the relocation of its Sherman Oaks office to Studio City, Calif. The new office is located at 12001 Ventura Place, Suite 201, Studio City, Calif.

"The reason for this move is two-fold: One - to further increase our local presence in East San Fernando Valley and two, our need for additional office space," said Wayne Saldana, senior vice president/regional manager of Charles Dunn's San Fernando Valley operations. "We plan to double our Charles Dunn brokerage team from five to approximately 10 by the end of this year."

The firm, which also has a full service Woodland Hills office, unveiled a strategic plan to further penetrate the Southern California market by concentrating on in-depth regional coverage within the State. As part of the overall strategic expansion plan, Charles Dunn recently opened a Seal Beach office managed by Larry Scher, Senior Vice President/Regional Manager - who also manages Charles Dunn's Orange County office. In addition to the East San Fernando Valley, Charles Dunn intends to re-build its presence in Long Beach, South Bay and Orange County.

CHARLES DUNN REAL ESTATE MANAGEMENT SERVICES RECEIVES PRESTIGIOUS "AMO OF THE YEAR" AWARD

Steven Ring, CPM, Leads Successful Firm

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San Francisco, Calif. -January 30, 2003- The San Francisco office of Charles Dunn Real Estate Services was awarded the "AMO® of the Year" for 2002 by the San Francisco Chapter of the Institute of Real Estate Management (IREM). "With the 'AMO® of the Year' award, Charles Dunn is not only recognized for its efforts to provide first class real estate services but also for its commitment to enhancing the property management industry in the Bay Area," said Jeff Gunther, president of Charles Dunn's Real Estate Management Services.

Selecting the "AMO of the Year" is based on the firm's overall support and contributions for the chapter throughout the year. For example, these contributions may come in the form of corporate support of chapter volunteers; support of chapter activities through sponsorship or attendance as well as contributions of equipment.
Steven Ring (CPM), a 20-year veteran of the San Francisco real estate industry, serves as regional vice president for the greater San Francisco area for Charles Dunn. He is responsible for overseeing the company's real estate management and brokerage operations in Northern California. For the past three years, Ring has served on the Board of Directors for the Bay Area Chapter of IREM and was recently elected 2003 president.

IREM's Accredited Management Organization (AMO®) is one of the highest designations that can be given to a property management firm. Only 555 firms with nearly 1,200 offices hold this coveted accreditation on a worldwide basis. In order to qualify for an AMO® designation, the office must be under the direction of a Certified Property Manager (CPM), among other stringent requirements.

The Institute of Real Estate Management (IREM), an affiliate of the National Association of Realtors, is an association of property and asset managers who have met the strict criteria in the areas of education, experience, and ethics. Founded in 1933, IREM's mission is to educate real estate managers, certify their competence and professionalism, serve as an advocate on issues affecting the real estate management industry, and enhance its members' professional competence so they can better identify and meet the needs those who use their services. Additional information is available at www.irem.org.

Charles Dunn Hires Seasoned Real Estate Professional for Sherman Oaks Office

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Sherman Oaks, Calif -January 29, 2003- Shelley Nelbert has joined Charles Dunn Company, a full service California based commercial real estate firm, as director of sales and leasing. She will be based in the firm's Sherman Oaks office.
Prior to joining Charles Dunn, Nelbert was vice president for Bailes & Associates where she represented tenants in their acquisitions through leasing and sales of office buildings. Specializing in corporate relocation and strategic planning, Nelbert assisted in all aspects of her clients needs from analyzing their criteria to negotiating lease transactions.

Nelbert's first career was in television and film development as well as television production and writing. Due to her entertainment background, she has worked successfully with companies ranging from small entertainment firms to local operation Fortune 500 companies. She has represented companies such as Oracle Corporation, Imagine Films, Jorge Saralegui's Material Productions, Norman Lear's Act III Communications, ITC Productions (now Polygram), Rondor Music and Sprint Communications. Nelbert received her bachelor's degree from University of California at Los Angeles (UCLA) in Sociology/Pre-Law.

CHARLES DUNN COMPANY COMPLETES $14.4 MILLION SALE ON BEHALF OF ALBION PACIFIC PROPERTIES RESOURCES, INC.

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LOS ANGELES -January 28, 2003-Charles Dunn Company, a full-service commercial real estate firm, has sold a 200,000 SF office building for approximately $14.4 million on behalf of Albion Pacific Properties Resources, Inc. The building is located at 3350 Wilshire Blvd. in Los Angeles, Calif.

John Anthony, managing director in Charles Dunn's downtown Los Angeles office, and Janet Neman, senior managing director in Charles Dunn's West LA office, represented the seller, Albion Pacific Properties Resources, Inc., a regional investor specializing in office and multi-family. The buyer, Jamison Properties, Inc., represented themselves.

"This building marks another addition to Jamison Properties' portfolio of Wilshire Center office buildings, bringing their total to over 7.5 million square feet," said Anthony.

CHARLES DUNN COMPANY COMPLETES $3.95 MILLION LAND
ACQUISITION IN MONTCLAIR

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Montclair, Calif./Orange County, Calif. - January 21, 2003- The Orange County office of Charles Dunn Company, a full-service commercial real estate firm, recently sold a 9.26 acre vacated school property located at the Southwest corner of Monte Vista Avenue and Palo Verde Street in Montclair, Calif.

Jeff Searcy, director of housing, in Charles Dunn's Orange County office, represented the buyer, Berly Development, Incorporated. The seller, Ontario-Montclair School District, was represented by consultant, Jim Robertson.

"This piece of "in-fill" land had potential from the very beginning and Berly Development acted on our mutual vision to rezone the property from institutional to its current zoning, which is now residential, " said Searcy. "The buyer plans to construct 61 quality one and two-story single family homes in the near future."

CHARLES DUNN COMPANY CLOSES $2.6 MILLION LEASE TRANSACTION FOR TRADER JOE'S COMPANY

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Pasadena, Calif./Los Angeles, Calif. -January 16, 2003-Charles Dunn Company, a full-service commercial real estate firm, has completed a 10-year, 12, 983 SF lease on behalf of Trader Joe's Company valued at approximately $2.6million. The building is located at 467 N. Rosemead Blvd in Pasadena, Calif.

Richard C. Dunn and Bob Stover in Charles Dunn's downtown Los Angeles office represented the landlord, Pasadena Hastings Center. Investment Development Services, Inc. represented the tenant, Trader Joe's Company.

"The uniqueness of this building, which is an old four-screened theatre, will push Trader Joe's into going through a major remodeling effort due to the theatre's slanted floors," said Dunn. "This major remodel will position Trader Joe's in a prime market."

Two Senior Real Estate Execs Reunite to Open Seal Beach
Office for Charles Dunn

Location to Strengthen Service Area From Orange County to Los Angeles

Contact: Vamin@hoytorg.com

Seal Beach, Calif. - January 14, 2003 - When Gregory R. Gill, SIOR, CCIM, 53, and Eugene F. Page, III, 53, worked together years ago.little did they know that almost 30 years later they would be joining forces again to build a major presence for Charles Dunn, one of California's leading full service independent brokerage and property management firms. Both have joined the firm as senior managing directors, and have launched the firm's newest office, located at 3020 Old Ranch Parkway in Seal Beach, Calif.

"This new office is located on the LA/OC line," said Gill. "For us, this is a strategic location that bridges our presence in Los Angeles and Orange County. We intend to re-build Charles Dunn's presence in Long Beach, South Bay and Orange County, and we're excited to be here."

Both Gill and Page began their careers over 30 years ago at Matlow-Kennedy, a real estate brokerage firm that was eventually sold. As their careers progressed, Gill eventually was named president of Newmark of California, a major New York-based commercial real estate firm. Over the years, Gill became a recognized expert in all facets of commercial and industrial real estate. Page left Matlow-Kennedy in the early years and spent more than a decade helping launch and grow a real estate organization that eventually became Knight Frank Faulkner, a Los Angeles brokerage firm with international connections. He then joined Price Waterhouse as director of corporate real estate consulting services, and eventually became executive vice president of Jones Lang LaSalle's Strategic Consulting Group, responsible for the firm's worldwide organizational strategy practice. His career positioned him as a well-known strategic real estate consultant. "Today, real estate is no longer just a sale and lease game," said Page. "Many companies are outsourcing real estate tasks so they can concentrate on their core business - that means their real estate 'partner' must bring to the table a strategic focus on how to better use their real estate to support their company's growth plans. This is what Charles Dunn will offer - in addition to the full range of services to commercial real estate tenants, retailers, investors, developers and financial institutions."

Gill graduated from the University of California at Los Angeles with a degree in Economics. He has been involved in a variety of postgraduate courses, including a Harvard Business School Program for the Young Presidents' Organization (YPO).
Page received a master's degree in business administration (MBA) from the University of Southern California and received a bachelor's degree from Villanova University in economics. He is a member of the Urban Land Institute and CoreNet Global. A frequent author and speaker on corporate real estate, he has also created and teaches the "Positioned for Success: Optimizing the CoRE Organization" course for CoreNet Global Learning for their SLRC designation program.

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CHARLES DUNN COMPANY IS NOW EXCLUSIVE MARKETING AGENT FOR VAL VISTA ESTATES

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Casa Grande/Pinal County, Ariz. -January 7, 2003-The Phoenix office of Charles Dunn Company, a full-service commercial real estate firm, is now representing Val Vista Estates' developer, Drexler Partners, in the sale of the their 80 custom home lots located at 12562 West Sacaton Lane in the Foothills of North Mountain in Casa Grande, Ariz.

Gary Kehias, director and Jennifer Peterson, associate director at Charles Dunn Company's Phoenix office, represents the owner/developer, Drexler Partners - one of the leading construction service, real estate investment and development companies in the State of Arizona. Petersen will be marketing the remaining custom home sites (20 lots in Phase I) and the projected 80 home lots in Phase II. Custom home sites start at $56,700 and the built-to-suit homes start at $250,000.

"We are extremely excited and honored to be given the opportunity to sell such unique custom home sites," said Petersen. "Just minutes from city amenities, Val Vista Estates is surrounded by breathtaking mountain views and amazing desert sunsets."

Charles Dunn Company Hires Real Estate Veteran To Lead Phoenix Operations

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Phoenix, AZ -January 2, 2003- Gary T. Kehias has joined Charles Dunn Company, a full-service California based commercial real estate firm, as regional sales manager of the firm's Phoenix office. A native of Phoenix, he will be responsible for building and strengthening Charles Dunn's brokerage services throughout Arizona.

With more than 22 years in multifaceted commercial real estate experience, Kehias has a strong background in sales, development and management. Prior to joining Charles Dunn, he served as an associate broker for Gila Commercial Group. Previous positions include managing partner for Monster Development/Gila Partners; broker/manager in commercial and residential real estate for The Mahoney Group; and vice president for KeVal Construction, Inc. In 1988, he established his own development company - Kehias Development.

A graduate of Arizona State University, he received his bachelor's degree in Fine Arts with a minor in Anthropology. In addition to holding a real estate brokers license, Kehias received certification as a mortgage broker. He is actively involved with the community and professional organizations such as the President's Club at Arizona State University; on the Board of Directors of The Mahoney Group, a member of Kiwanis International, the Founding Director of Casa Grande Museum for the Creative Arts and of Grinch's Golf for Toys - a charity golf tournament.

© 2009 Charles Dunn Company