Mary Jane Olhasso, Economic Development Administrator for the County of San Bernardino, Awarded IAMC Fellow Designation

 San Bernardino, Calif., May 4, 2012 – The Industrial Asset Management Council (IAMC) has awarded Mary Jane Olhasso (top right photo) Economic Development Administrator with the County of San Bernardino, the designation IAMC Fellow. 

IAMC Fellows have completed the Leadership Development Program, participating in five leadership seminars in four learning categories: individual, team, emotional intelligence and general leadership.

 The Leadership Development Program provides high-quality training that enhances personal and professional leadership skills.  Past seminar speakers and topics include:

Gary Kunath (top left photo)the Founder and former CEO of the Summit Group: “Leading Across Generations for Improved Retention and Performance”

 Randy Pennington (middle right photo), the resource for leaders who expect results: “Make Change Work: Deliver Results and Add Value”

Patricia Fripp (middle left photo), award-winning speaker, executive speech coach and author: “The Four Steps to Leadership: Doer, Developer, Role Model, Inspirer”

 “IAMC Fellows are leaders not only in IAMC, but also in the industry at large,” said Ron Starner, executive director of IAMC. “Mary Jane is a great asset to IAMC. We are very pleased to welcome her to this prestigious group of IAMC Fellows.”

 As the Economic Development Agency Administrator for the County of San Bernardino, Olhasso is responsible for the economic growth and strategic future development for the largest county in the United States. Olhasso oversees key County departments encompassing more than 200 employees.

 “I am honored to have the status of an IAMC Fellow. IAMC shares the same values that the County of San Bernardino does when it comes to leveraging collaboration and innovation in serving the needs of the corporate user,” said Olhasso.

“Looking ahead, we plan to employ our skills to expanding our County’s diverse industrial product for industries such as plastics, food processing, technology, furniture manufacturing and others.”

For more information on San Bernardino County, please visit  www.SBCountyAdvantage.

For more information on IAMC, call (770) 325-3461 or visit www.iamc.org or  http://www.iamc.org/events/leadership.cfm.

 Contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Charles Dunn Co. Completes $2.35 Million Sale of Seven-Unit Multi-Family Property in West Hollywood, CA

  

LOS ANGELES, CA– Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $2.35 million sale of a seven-unit apartment property located at 144 North Wetherly Drive (top left photo) in West Hollywood near the major cross street of Beverly Blvd. 

Hamid Soroudi of Charles Dunn Company represented the seller, a Los Angeles-based private investor. The buyer, Los Angeles-based KLB Holding Company was represented by Rachel Neuwirth (lower left photo) of Nelson Shelton & Associates.  The property sold at a cap rate of 4.4 percent.

Built in 1963, the property totals 10,830 square feet and was 100 percent occupied at the close of escrow.  The building includes controlled access and an elevator.

 The units include air conditioning, fireplaces and dishwashers. The property also features a 3,300 square foot 3-bedroom/3.5-bathroom penthouse with three fireplaces, large den, balcony, family room and dining room. The other six units include two, 2-bedroom/1-bathroom units, and four 2-bedroom/2-bathroom units ranging from 800 square feet to 1,200 square feet.

Soroudi leads Charles Dunn Company’s The Soroudi Group. The Soroudi Group is the most successful and active group of brokers involved in selling and exchanging of prime Westside properties. Their marketing program delivers sold properties at more than 98.5 percent of the list prices within a compressed marketing period.

 Contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

HFF arranges $16 million refinancing for San Diego, CA area shopping center

SAN DIEGO, CA – HFF announced today that it has arranged a $16 million refinancing on behalf of CT Retail Properties Finance III, LLC, an affiliate of  Kimco Realty Corporation (Kimco), for Fire Mountain Center (top left photo), a 92,000-square-foot, Class A neighborhood shopping center in Oceanside, California.

HFF worked exclusively for the borrower to refinance existing debt on the retail center and to secure a five-year fixed-rate, on-book loan at a substantially lower interest rate through PNC Bank, N.A.

Fire Mountain Center is located at 2434-2598 Vista Way north of Highway 78 in the northern San Diego County community of Oceanside. 

The property is 98 percent leased to tenants including Trader Joe’s, Beverages & More, Aaron Brothers, AT&T Wireless, FedEx Kinkos, Jack in the Box and Weight Watchers.  Kimco operates the center, which is owned by the CT Retail Properties Finance III, LLC joint venture partnership.

The HFF team representing Kimco was led by associate director Zach Koucos (middle right photo) and managing director Robert Delitsky (middle left photo).

For further information on Kimco, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Contacts:

               

 ZACHARY KOUCOS                                      

 HFF Associate Director                               

 (858) 812-2351                                                

zkoucos@hfflp.com                                                             

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com