News and Events - 2016
The New L’Oratorien Restaurant Opens June 4 in Poitou-Charentes Region
Los Angeles, June 1, 2016 --- Younan Properties Chairman and CEO and luxury hotelier, Zaya S. Younan announced the opening of L’Oratorien Restaurant in France. It is the first of several gastronomic restaurants operating under La Grande Maison Younan Collection, which is the European holding and operational subsidiary of Younan Properties. The former restaurant at the Saint-Martin Hôtel in Saint-Maixent l’Ecole has been closed since January, 2016. The new luxury dining experience will feature a ranked Michelin chef who will preview the menu at an invitational only event on June 4.
“The opportunity to launch a new restaurant in a fabled 17th century chateau quickly moved L’Oratorien from the concept stage to reality. As luxury owners, we are committed to offering guests a fine dining experience and exquisite service that pays homage to the grand traditions of French cuisine while honoring the desire for sustainable, contemporary dishes. These complementary ambitions are the raison d’être for L’Oratorien,” said Younan.
The newly-updated restaurant seats 75 and features contemporary and rustic French cuisine and an extensive wine cellar of 10,000 bottles.
La Grande Maison Younan Collection is a French subsidiary of Younan Properties that serves both as an operational and a holding company for all European acquisitions and expansions. La Grande Maison Younan Collection specializes in acquiring luxury golf, spa and resort properties throughout Europe. Current properties include Chateau du Petit Chene and Golf Course in Mazières-en-Gâtine, and Saint-Martin Hotel, a luxury boutique hotel in Saint-Maixent l’Ecole.
Zaya Younan Accepts 2016 Distinguished Alumni Award
University of Illinois, Urbana-Champaign Honors Mechanical Engineering Alumnus
Los Angeles, April 20, 2016 --- Zaya S. Younan, Chairman and CEO of Younan Properties, Inc., has been selected as a recipient of the 2016 Distinguished Alumni Award from the University of Illinois at Urbana-Champaign (U of I), Department of Mechanical Science and Engineering (MechSE). The prestigious honor is awarded annually to exceptional alumni. A special ceremony will be held in Champaign on Friday, April 22.
“This award recognizes our alumni who have distinguished themselves in a professional or technical capacity, which has brought honor to the department and the U of I,” said Anthony M. Jacobi, Head and Kritzer Distinguished Professor, MechSE. “Only one percent of our alumni have received this award and we are honored to add Mr. Younan’s name to this elite group.”
Zaya Younan commented, “The rigors of the U of I Engineering program and the discipline it instilled, provided a solid foundation for my management career that spanned multiple industries and companies including TRW, General Motors and Johnson Controls. This same discipline was applied when I entered the commercial real estate industry, and today Younan Properties is recognized for significant leadership, operational performance and efficiency management.”
Founded in 2002, Younan Properties makes principal investments and provides asset management services for Class A office assets, retail centers, golf courses and luxury resorts on behalf of private, corporate and institutional investors. Through successful acquisitions and strategic dispositions, the company has assembled a fully scalable, international platform. In 2015, the Company made its first investment in France through its newly-formed international subsidiary, La Grande Maison Younan Collection, which acquires luxury resort properties. By mid-year 2016, the Company will have acquired five historic hotels and golf courses throughout France.
Department of Mechanical Science and Engineering, University of Illinois, Urbana-Champaign
The Department of Mechanical Science and Engineering offers top-ranked degree programs in engineering mechanics, mechanical engineering, and theoretical and applied mechanics. Our curricula offer students unparalleled strengths in key fundamental areas, such as fluid and solid mechanics, thermodynamics and heat transfer, dynamics and controls, biomechanical sciences, computational science, applied math, applied physics, and chemistry.
Contact: Denise Davis
818.703.9600 EXT 9705
Younan Properties’ Office Sale Nets 77% Return to Investors;
Simi Valley Asset Leased to 100% and Sold in 16 Months
Los Angeles, January 19, 2016 ---Younan Properties, Inc., (YPI) a commercial real estate owner and manager with Class A assets in major U.S. office markets, has completed the sale of Younan Executive Center, netting a 77% return for investors. YPI bought the vacant office building in Simi Valley in March of 2014, leased it to 100% occupancy and sold it in 16 months.
Zaya Younan, Chairman and CEO of Younan Properties commented on the transaction. “In less than two years we have acquired and sold two separate office assets in the greater Los Angeles area, delivering returns to investors of 32% and 77% respectively. Younan Executive Center was acquired in March of 2014 as part of our Los Angeles expansion. The asset was vacant for many years and we were able to reposition it in a short timeframe and lease it to 100% occupancy.”
A private buyer acquired the asset. Mark T. Leonard, Senior Vice President & Principal of Lee & Associates-LA North/Ventura leased the property and represented Younan Properties in the transaction. Remarking on the deal, Leonard said, “Once again, Younan Properties has shown that it has the expertise and the management capability to spot undervalued opportunities and capitalize on them quickly. The company allocated significant financial resources that enabled us to lease the building to 100%. They made a huge, positive difference in a short period of time for an asset that had been vacant for years.”
Zaya Younan pointed out that the company continues to pursue an aggressive acquisition strategy both in the U.S. and in Europe. “In October of 2015, the company created a new European luxury resort subsidiary, La Grande Maison Younan Collection™. We completed the acquisition of Château du Petit Chêne Golf Resort in 2015, and we will be announcing the acquisition of at least two more luxury resorts during this quarter. Concurrently, we continue to look for valued-added investments in the U.S. commercial market,” he added.
Younan Executive Center is a two-story, 63,305 square foot, Class "A" office building located on Madera Road in the Los Angeles submarket of Simi Valley, CA. It sits on 6.3 acres of a park-like campus and offers majestic mountain views throughout the entire building. The property has immediate access off the 118 Freeway and is 100% leased to Vision Mechanical Services, Inc. and the County of Ventura.
About Younan Properties
Younan Properties, Inc. is a privately-held real estate investment and management company, specializing in acquiring and managing Class A office properties in strong U.S. growth markets including Los Angeles, Chicago, Dallas, Houston, Phoenix and the Denver region. Its newest subsidiary, La Grande Maison Younan Collection, specializes in acquiring luxury golf and resort properties throughout Europe. The company is recognized for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants. Younan's fully-integrated real estate investment company offers in-house expertise and resources in leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing. www.younanproperties.com.