News and Events - 2005

pdfLOS ANGELES, Calif.January 17, 2005 Michele Stark, RPA, FMA has joined Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States, as senior property manager for YPI's west coast portfolio. In her new position, she will be responsible for managing two class A office buildings including the Sepulveda Center in Los Angeles, Calif. (175,000 SF) and Pacific Pointe in Torrance, Calif. (275,000 SF). Ms. Stark will be in charge of the day-to-day activities and management of both properties including administration of all contracts, leasing, construction and building services, as well as the supervision of staff.

Michele not only brings to our team diverse experience in management and operations of office buildings but also a fresh and innovative approach in helping us to achieve world-class results, said Zaya S. Younan, chairman & CEO of Younan Properties.

Ms. Stark has more than 15 years of experience in numerous facets of building operations, property management and real estate administration, as well as construction project management.
Prior to joining Younan Properties, Ms. Stark was responsible for managing a mixed-use portfolio consisting of 16 properties and one million square feet of retail, office and industrial space located throughout Southern California and Miami, Fla. Other previous positions include working with the building owner of the CNN Tower in Los Angeles, where she coordinated multiple programs for tenants and renovation projects.

I joined YPI because I was eager about working for a company that would provide both a challenging and rewarding experience, said Stark. My goals for both properties include maintaining tenant relationships and retention, maximizing building operational performance and efficiency and reduce operating expenses by implementing YPI's Six Sigma process.
Ms. Stark is certified with Building Owner's and Manager's Association (BOMA) Real Property Administrator (RPA), BOMA Facility Manager Administrator (FMA) and holds a California Real Estate License. She is also an active member of BOMA and numerous local business organizations.

pdfPHOENIX January 11, 2005 Younan Properties (YPI), one of the fastest growing privately held commercial real estate and hospitality investment firms in the U.S., has recently purchased its third office property in Phoenix: Four Gateway, a 138,000 SF, Class A office building from Presidio Investments for $20.5 million. The four-story office building is located at 444 N. 44th Street near the Phoenix/Sky Harbor Airport and was 95% occupied at the time of sale. Built in 1998, the building's key tenants include: Value Option and Eclypsis.

Supported by the last two quarters of market performance, we are continuing to see solid positive absorption in the Phoenix office market and a strong office employment demand going forward, which has strengthened the market's fundamentals, said Zaya S. Younan, chairman & CEO of Younan Properties. In addition, the market is experiencing a significant population and corporate migration to Arizona and Phoenix, which will strengthen the demand going forward for office space. Our goal is to exceed our Phoenix office portfolio by 1.5 million square feet by the end of the first quarter.
Younan Properties now owns more than 812,000 SF of office property in Phoenix including two of the largest buildings in this CBD - Central Plaza (400,000 SF) and Meridian Bank Tower (275,000 SF).
The buyer, Younan Properties, represented itself. The seller, Presidio Investments, was represented by Glenn Smigiel, Steve Brabant and Bob Young of CB Richard Ellis. Greg Zack with ProMark Capital Group was responsible for financing the transaction.

This is the second transaction in less than a year we have closed with YPI and our goal is to continue this strong business relationship. Zaya and his team have very few decision layers to work through, therefore they move quickly when responding to all issues and challenges, said Brabant. In this particular situation, YPI had to deal with an extremely compressed timeframe in order to meet the sellers closing date requirement. Due to YPI's creative business strategy, this deadline was met.

pdfDALLAS January 24, 2005 Greg C. Malcolm, CRDE has joined Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States, as general manager and vice president of operations. In his new position, he will be responsible for managing Holiday Inn Select North Dallas, a 380-room full service hotel located in Dallas, Texas.
Mr. Malcolm has more than 23 years of experience in numerous facets of hotel management, including coordinating, budgeting and operations. He will be in charge of day-to-day operations of the Holiday Inn Select, including property expenses, overseeing all departments such as sales and marketing and food and beverage.

Prior to joining Younan Properties, Mr. Malcolm served as general manager of Hilton Garden Inn Airport in Tulsa, Okla. Other previous positions include serving as general manager of AmeriSuites Hotel in Tulsa, Okla. and Kansas City, Mo.

I joined YPI because I was seeking an opportunity to advance as a professional in my career, said Malcolm. YPI is expanding at an incredible rate within the real estate and hospitality industries, which I have worked in for nearly 25 years. As one of the fastest growing private commercial real estate investment companies in the country, I am looking forward to being a part of YPI's future.

Mr. Malcolm earned his bachelor's degree in business administration from the University of Denver, Colorado. He is also a Certified Rooms Division Executive (CRED) by the Educational Institute of the American Hotel and Motel Association.

pdfPHOENIX January 31, 2005 Lisa Harryman, CPM and Patti Brown, RPA have joined Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States. Ms. Harryman joins the firm as director of property management and designated broker; Ms. Brown joins the firm as property manager.

In her new position, Ms. Harryman will directly manage two properties including Meridian Bank Tower (275,000 SF) and Four Gateway (138,000 SF), and will oversee the management of 4041 Central Plaza (400,000 SF). In addition, she will be in charge of management, leasing and construction for all three properties as well as other Phoenix properties purchased by YPI in the future.
Prior to joining Younan Properties, Ms. Harryman worked for Shorenstein Realty Services, where she was responsible for managing one million square feet of Class A office high rise and retail space in Phoenix. She also acted as construction manager, overseeing projects ranging between 2,000 SF through 80,000 SF.

With more than 20 years of experience in numerous facets of real estate asset/property management and leasing, Ms. Harryman has managed over four million square feet of property throughout the United States.

Joining YPI was an easy decision for me, said Harryman. I am well suited to work directly for real estate ownership, instead of through a third party management company. Over the years, my work has resulted in an immediate impact on the success of each property. Working for YPI allows me this opportunity.

Ms. Harryman is an Institute of Real Estate Management Certified Property Manger (CPM) and also has her Arizona Real Estate Broker's License.

In her new position, Ms. Brown will be responsible for managing 4041 Central Plaza (400,000 SF) in Phoenix, Ariz. In addition, she will be in charge of the daily operation and management of the building including long-term renovations and improvements, as well as tenant relations and retention.
Prior to joining Younan Properties, Ms. Brown served as property manager for Cushman & Wakefield, where she oversaw three office buildings. Her responsibilities included coordinating and scheduling, maintaining tenant relations and retention, and overseeing building improvements.
Ms. Brown has more than 10 years of experience in numerous facets of building operations, property management and real estate administration. In addition, she has worked as a private contractor for various property management companies.

YPI is an amazing company to work for and I look forward to growing with it, said Brown. As property manager of 4041 Central Plaza, my plans for the property include maintaining tenant relationships and retention. I am also looking forward to overseeing renovations of the building throughout the course of the year.

Ms. Brown is a certified Building Owner's and Manager's Association (BOMA) Real Property Administrator (RPA).

pdfReal Estate Veteran & Former Lincoln Property Company's Senior Vice President Hired to Oversee Engineering and Facility Management of all YPI's Properties

DALLAS February 15, 2005 Wallace Bud Smith has joined Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States, as senior vice president of technical operations and new development. He will be based in the firm's Dallas, Texas office.

With more than 30 years of experience in institutional asset management and commercial real estate, Mr. Smith will be responsible for bringing continuity to the building operational management component of YPI's commercial portfolio on a nationwide basis.

Wallace's extensive knowledge in facility management and engineering coupled with his intuitive capability to analyze a building's infrastructure will accelerate our current progress to achieve world-class operating standard and 6-sigma efficiency milestone for all of our assets, said Zaya S. Younan, chairman and CEO of Younan Properties. His more than 30 years of experience and accomplishment in the commercial real estate industry will be instrumental to support our growth and operational cost reduction activity.

Prior to joining Younan Properties, Mr. Smith served as senior vice president of national operations for one of the most respected and diversified service firms in the United States - Lincoln Property Company (LPC). For more than 18 years, Mr. Smith was responsible for developing a national program for LPC-owned and third-party management contracts including bundling power, negotiating retail and free wheeling contracts.

In addition, Mr. Smith is the co-founder of Lincoln University, an educational program that teaches asset managers, property managers and corporate level engineers in energy conservation methods and engineering principles.

As an investment firm, YPI takes a very distinctive and exciting approach to the commercial industry, said Smith. It is inspiring to work with Mr. Younan, who is eager to increase asset value by creating unique programs which will optimize building operations.

Mr. Smith is also the author of numerous articles which have been published in various trade magazines including District Heating and Cooling and American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE). He is also licensed as a class C chief engineer in the state of Minnesota. His past memberships include Sheet Metal Workers International and International Union of Operating Engineers.

pdfDALLAS February 17, 2005 Thomas Hill has joined Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States, as director of finance for YPI's hotels group. In his new position, he will be responsible for all accounting, finance, computer systems and internal controls for Holiday Inn Select North Dallas, a 380-room full-service hotel located in Dallas.

Mr. Hill has more than 25 years of combined experience in accounting and hospitality. Prior to joining Younan Properties, Mr. Hill served as controller for Balcones Country Club where he supervised all staff accounts and internal controls, as well as revised the purchase order system and created controls to the timekeeping system. Other previous positions include serving as controller for Hotel Development Corp. and controller-in-training for Brook Hollow Golf Club.

I am thrilled to be a part of YPI's expansion, especially now that the company is breaking into the hospitality industry, said Hill. Now I am working for a firm that utilizes my finance/real estate skills as well as encourages imagination, forward-thinking and enthusiasm for the real estate market.

Mr. Hill earned his associate's degree from Tyler Junior College in Tyler, Texas. He is a member of Hospitality Financial & Technology Professionals (HFTP) and is a Certified Hospitality Account Executive (CHAE) as well as a Certified Hospitality Technology Professional (CHTP).

pdf1960's Social Club Converted to Corporate Headquarters for DL Engineering & Controls

PHOENIX March 21, 2005 Younan Properties, Inc.(YPI), one of the fastest growing privately held commercial real estate investment firms in the U.S., took one look at the bare space on the 19th & 20th floors of the Meridian Bank Tower and immediately saw the opportunity to create an exquisite office space for the right tenant. This space was previously home to The Cloud Club - a popular, upscale social club back in the 1960's designed with a spiral staircase connecting two floors and surrounded by a window line offering beautiful, unobstructed views of the mountains. DL Engineering & Controls (DLEC) has now made this extraordinary space its home after signing a $1.65 million,  7-year lease totaling 15,736 SF.

We recognized the value of this historical and unique space, and we were committed to investing the capital to create a truly spectacular office environment for our tenant, said Jeff Reder, vice president of asset management. We are honored to have the opportunity to serve the needs of a strong, locally-based growth company like DL Engineering. Our goal is to become the preferred landlord in the Phoenix market and this transaction puts us on the right path.

DL Engineering & Controls, an electrical engineering firm specializing in the water and wastewater industry, will be moving into Meridian Bank Tower -- a 275,000 SF, Class A office building located at 3550 N. Central Avenue in the central business district of downtown Phoenix, AZ, in July.

The landlord, Younan Properties, was represented by Todd Noel of Trammel Crow Company. The tenant, DL Engineering & Controls, was represented by Chris Krewson of CB Richard Ellis.

Besides offering this amazing space, Younan Properties exceeded our expectations by going above and beyond to satisfy all our needs. We believe Younan Properties understands our business goals, and what they are doing for us at the Meridian Bank Tower demonstrates their ability and commitment to support our growth well into the future, said Chris Lynch, vice president of operations for DL Engineering & Controls. Other buildings in the area offered similar amenities like the gym and barber shop; however the Meridian Bank Tower offers both a snack bar and Alexi's Grill which is fantastic for entertaining clients. Additionally, the area offers a host of other restaurants and business amenities within walking distance.

According to Zaya S. Younan, chairman & CEO of YPI, the Phoenix office market ranked #5 as the best performing market in the past two quarters and looking ahead, this market will outperform most major U.S. metropolitan markets due to an increase in job growth, population and demographic density growth.

pdfYounan Properties on Track to Stabilize One of the Largest Buildings in Phoenix CBD

PHOENIX April 1, 2005 Maricopa County Department of Public Health has made the 14th & 15th floors of Central Plaza its home after signing a 5-year, 32,048 SF office lease for a total of $2.5 million. Central Plaza is owned by Younan Properties (YPI), one of the fastest growing privately held commercial real estate investment firms in the U.S.

The 20-story, 400,000 SF Class A office building is located at 4041 N. Central St. in the central business district of downtown Phoenix, Arizona.

We feel that this transaction exemplifies our belief in the value of a streamlined and efficient negotiation process. The tenant's broker did an excellent job presenting the requirements and wishes of his client. In addition, our broker excelled in demonstrating the unique aspects of our space to meet our tenant's needs and conveyed our willingness to go above and beyond tenant requirements to ensure complete satisfaction, said Jeff Reder, vice president of asset management at Younan Properties. As a result, we were able to create a win-win situation for all parties involved in this transaction. We achieved our two main goals: Solidifying a desirable tenant for our asset and providing our tenant with a high-quality office space and superior service.

Built in 1982, some of the building's key tenants include: Mutual of Omaha, Qwest, Go Daddy Software, Citibank, Arizona Title Agency and Arizona Municipal Water Users Association. The landlord, Younan Properties, was represented by Bill Zurek of Transwestern. The tenant, Maricopa County Department of Public Health, was represented by Chuck Nixon of CB Richard Ellis.

Additionally, YPI recently completed the second phase of an interior renovation to the building that included updating the lobby and common areas to create an upscale and professional appearance.

Zaya S. Younan, chairman & CEO of YPI, recently stated that the firm is ahead of schedule in regards to stabilizing all YPI buildings in the Phoenix market and can attribute the firm's success on offering quality buildings to its prospective tenants and the recovering Phoenix office market.

pdfYounan Properties on Track to Stabilize One of the Largest Buildings in Phoenix CBD

PHOENIX April 1, 2005 Maricopa County Department of Public Health has made the 14th & 15th floors of Central Plaza its home after signing a 5-year, 32,048 SF office lease for a total of $2.5 million. Central Plaza is owned by Younan Properties (YPI), one of the fastest growing privately held commercial real estate investment firms in the U.S.

The 20-story, 400,000 SF Class A office building is located at 4041 N. Central St. in the central business district of downtown Phoenix, Arizona.

We feel that this transaction exemplifies our belief in the value of a streamlined and efficient negotiation process. The tenant's broker did an excellent job presenting the requirements and wishes of his client. In addition, our broker excelled in demonstrating the unique aspects of our space to meet our tenant's needs and conveyed our willingness to go above and beyond tenant requirements to ensure complete satisfaction, said Jeff Reder, vice president of asset management at Younan Properties. As a result, we were able to create a win-win situation for all parties involved in this transaction. We achieved our two main goals: Solidifying a desirable tenant for our asset and providing our tenant with a high-quality office space and superior service.

Built in 1982, some of the building's key tenants include: Mutual of Omaha, Qwest, Go Daddy Software, Citibank, Arizona Title Agency and Arizona Municipal Water Users Association. The landlord, Younan Properties, was represented by Bill Zurek of Transwestern. The tenant, Maricopa County Department of Public Health, was represented by Chuck Nixon of CB Richard Ellis.

Additionally, YPI recently completed the second phase of an interior renovation to the building that included updating the lobby and common areas to create an upscale and professional appearance.

Zaya S. Younan, chairman & CEO of YPI, recently stated that the firm is ahead of schedule in regards to stabilizing all YPI buildings in the Phoenix market and can attribute the firm's success on offering quality buildings to its prospective tenants and the recovering Phoenix office market.

pdfWOODLAND HILLS, Calif. (June 24, 2005) Younan Properties, Inc. (YPI), one of the fastest-growing, privately held real estate investment groups in the country, recently named Julian Siaw as asset manager. In his new position, Siaw will be responsible for managing the firm's Florida and Chicago assets. Younan Properties, under the direction of Zaya S. Younan, has accumulated $400 million in real estate holdings since its inception in 2002. The company's national portfolio currently includes 20, class A office properties totaling four million square feet.

Julian's extensive educational background in real estate provides the necessary fundamentals and a strong foundation as he learns how we manage our assets, said Zaya S. Younan, chairman and CEO of Younan Properties. Julian will add value to our company and will be instrumental to our growth and aggressive expansion in the Florida and Chicago markets.

Siaw brings strong educational background in real estate development to Younan Properties. Siaw received a master's degree in real estate development from the University of Southern California (USC), Los Angeles and received a bachelor's degree in economics, dual concentration in finance and accounting, from The Wharton School at the University of Pennsylvania.

Prior to joining Younan Properties, Siaw served as a corporate finance analyst for WebEx Communications, Inc., where he was responsible for budgeting, forecasting and analyzing variances in operations. Prior to his stint at WebEx Communications, Inc., Siaw worked as an investment banking analyst for SG Cowen Securities Corporation in San Francisco, Calif.

In addition, Siaw is an active member of the Graduate Real Estate Association at USC, as well as the Urban Land Institute (ULI).

Mr. Younan views real estate ownership as a process to be improved and innovated on a daily basis through the application of new technologies and proactive management, stated Siaw. I am excited to join Younan Properties and look forward to being a contributing team member as the firm grows.