News and Events - 2017

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chateau la croix

 

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La Grande Maison Younan Collection Acquires Bordeaux Vineyard

LOS ANGELES, December 13, 2017 --- In an enterprising move that further expands its presence in France and firmly establishes its reputation as a global luxury brand, La Grande Maison Younan Collection announced it has acquired a premier Bordeaux vineyard. The property, which operates under the name Château la Croix Fourney, produces Saint Emilion grand cru wines.

The multi-million euro acquisition includes a fully-equipped, state-of-the-art winery production facility on 22 acres of prime land, together with an above-ground cellar, bottling and labeling facility, vinification room and tasting room.

Zaya S. Younan, Chairman and CEO of the Younan Collection and of Younan Properties commented on this latest acquisition. “As we continue to grow our chateau-hotel business and expand our luxury portfolio in Europe, acquiring a premier vineyard and a world-class appellation was a top priority. The rich heritage of this winery, combined with the considerable investment we are making to improve production and create a luxury experience, will result in wines that will be extraordinary with a full-bodied taste that characterizes Saint Emilion grand crus.”

“This is the beginning of a significant expansion in France to increase our luxury hotel portfolio and be one of largest producers of wine in France,” Younan added.”

The wines produced under the La Croix Fourney label date back at least to the 1950’s, but the region has been known for its excellence in wine production since Roman times. The majority of the vineyard is planted in merlot grapes, but it also grows cabernet sauvignon and cab franc grape varieties. Despite heavy losses to frost earlier in the season, when approximately 40% of the harvest was lost across the entirety of the Bordeaux region, the expectation is that the 2017 vintage produced by La Croix Fourney will be of exceptional quality and in greater quantities than originally were anticipated.

As renovations are completed, the Younan Collection intends to change the name of the property to Château la Croix Younan. Architects have presented plans for a new tasting room as well as exterior upgrades. In addition, the winery will include a new luxury apartment that will enable guests to be fully immersed in the wine experience.

"We are honored to extend the Younan Collection brand to our new vineyard,” said Younan. “Our passion for preserving history and for recreating the French art de vivre in all of our endeavors is both gratifying and exhilarating."

About La Grande Maison Younan Collection

The Younan Collection is the international subsidiary of Younan Properties. The luxury brand specializes in acquiring historic chateau-hotels and luxury golf, spa and resort properties throughout Europe. Founded in 2015, the Younan Collection owns and manages Chateau de Beauvois, Hotel Saint-Martin, Chateau Le Prieure, Chateau du Petit Chene, Golf des Forges and the Golf du Petit Chene. For information or reservations click the link to Younan Collection or email This email address is being protected from spambots. You need JavaScript enabled to view it..

In the U.S.:
Denise Davis
818.703.9600

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warnerview corporate center

 

Company Generates Profits for Investors Twice with Same Asset

LOS ANGELES, July 24, 2017 --- Lightning strikes a second time for Younan Properties Inc., (YPI) an international commercial real estate owner and manager. It announced it completed the sale of Warnerview Corporate Center at 5959 Topanga Canyon Blvd., to a private investor. The sale netted a 20% annual return for investors. Younan Properties has acquired and sold this same asset twice over the past decade.

Zaya S. Younan, Chairman and CEO of Younan Properties commented on the latest transaction. “This is a high quality, Class “A” asset in an extremely strong submarket that has performed well for us. This property was sold significantly above its purchase price, which is indicative of the building's quality and our operational performance. As a result, we were able to deliver an attractive return to investors. The nature of this transaction underscores our ability to successfully leverage opportunities and create positive value for our investors. We have purchased and sold this property twice and both times we have generated compelling returns to our investors.

Younan Properties represented itself in the transaction. The three-story, Class “A” office building is located at 5959 Topanga Canyon Blvd. in the highly prized Warner Center submarket of Los Angeles. Younan Properties first bought the 65,000 square foot building in 2004 and sold it less than 12 months later to Value Home Loan. The property became available again in 2009 during the height of the recession. Younan Properties acquired the under-valued asset and invested heavily in improvements to maintain its Class “A” status.

Younan concluded, “We have a significant track record for outperforming in the Los Angeles market in general, and with Warnerview Corporate Center in particular. Who knows, lightning might strike a third time.”

With over 17.5 million square feet of commercial space, the Warner Center submarket serves as the CBD of the San Fernando Valley and the communities to the north (Santa Clarita Valley, Lancaster and Palmdale) and to the west (Ventura County). It encompasses approximately 2,000 acres of master-planned office, retail and “lifestyle” residences, and enjoys one of the most favorable jobs-to-housing balances in Los Angeles.

About Younan Properties

Founded in 2001, Younan Properties makes principal investments and provides asset management services for Class A office assets in the U.S. on behalf of private, corporate and institutional investors. Through successful acquisitions and strategic dispositions, the company has assembled a fully scalable platform providing leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing. Domestically, the company owns and manages properties in Chicago, Los Angeles, Dallas, Houston, Phoenix and Colorado Springs. In 2015, the company formed the Younan Collection, a wholly-owned subsidiary, to acquire luxury resort properties in Europe. The Collection currently owns five castle hotels and three golf courses in France. Information at www.younancollection.com

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burbank corporate center

Expands Office Portfolio in Los Angeles Market

LOS ANGELES, July 18, 2017 --- Younan Properties Inc., (YPI) a global commercial real estate owner and manager, has acquired Burbank Corporate Center at 21900 Burbank Blvd., an institutional quality, multi-tenant office building in the Warner Center submarket.

“The greater Los Angeles commercial real estate market is among the strongest performers in the country,” said Zaya S. Younan, Chairman and CEO of Younan Properties. “The Warner Center submarket is emerging as a submarket that delivers consistent, positive absorption as the result of ongoing demand for office space, employment growth, heavy population density and an improving living environment.” He continued, “We have owned assets in this submarket and always have out-performed our peers in both occupancy and rental rate growth. With our fully-integrated platform and operational expertise we will leverage our resources to improve efficiencies and drive leasing demand at Burbank Corporate Center.”

Mark A. Perry, Senior Vice President of CBRE represented Washington Capital, a fund manager for the seller. Remarking on the deal, Perry said, “Younan's ability to handle complicated transactions quickly and seamlessly was one of the many reasons the seller selected them for the transaction. They perform as promised and close on time.”

Burbank Corporate Center at 21900 Burbank Blvd., is a 91,109 square-foot, Class “A” former BOMA building of the year. The property is 83% leased and offers immediate access to and exceptional visibility from the 101 Ventura Freeway. The three-story asset is situated on 2.15 landscaped acres and features a two-story granite and glass lobby, 24/hour access control and 284 parking spaces of surface and underground parking. There are myriad retail and dining amenities within walking distance including Westfield Topanga Plaza and The Village.

With over 17.5 million square feet of commercial space, the Warner Center submarket serves as the CBD of the San Fernando Valley and the communities to the north (Santa Clarita Valley, Lancaster and Palmdale) and to the west (Ventura County). It encompasses approximately 2,000 acres of master-planned office, retail and “lifestyle” residences, and enjoys one of the most favorable jobs-to-housing balances in Los Angeles.

Younan concluded, “This is an exceptional asset in a well-performing submarket. We plan on relocating our corporate headquarters to Burbank Corporate Center in fall, and will continue to deliver the kind of personalized management services that our tenants have come to expect from Younan Properties.”

About Younan Properties

Founded in 2001, Younan Properties makes principal investments and provides asset management services for Class A office assets in the U.S. on behalf of private, corporate and institutional investors. Through successful acquisitions and strategic dispositions, the company has assembled a fully scalable platform providing leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing. Domestically, the company owns and manages properties in Chicago, Los Angeles, Dallas, Houston, Phoenix and Colorado Springs. In 2015, Zaya S. Younan founded La Grande Maison Younan Collection to acquire luxury resort properties in Europe. The Collection currently owns historic luxury hotels and golf courses in France.

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black canyon corporate center

Investors Net 20% Annual Return from Phoenix Asset Sale

LOS ANGELES, June 22, 2017 --- Younan Properties Inc., (YPI) an international commercial real estate owner and manager, has completed the sale of Black Canyon Corporate Center in Phoenix to Tower Investments, LLC, netting a 20% annual return for investors.

Zaya S. Younan, Chairman and CEO of Younan Properties commented on the latest transaction. “This is another example of Younan Properties’ ability to create significant value for investors in a short period of time. We acquired Black Canyon at 49% occupancy and under three years, drove occupancy to 92%. Because of the continued, strong performance and underlying market fundamentals of Phoenix, this was an opportune time to sell the asset and once again deliver outsized returns to our investors.”

Eric Wichterman, Executive Managing Director of Cushman Wakefield Capital Markets represented Younan Properties in the transaction. Remarking on the deal, Wichterman said, “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 to reposition the asset and increase value as the market began to recover. They outperformed the market in leasing this asset in a very short period of time.”

Black Canyon Corporate Center is a 97,459 square-foot, Class A office building located in Phoenix, Arizona. The three-story, multi-tenant property was built in 2002 and sits on 6.73 acres in a well-appointed office park that is within walking distance of Hyatt Place and Crown Plaza. The property is located on the I-17 Freeway with easy access to downtown Phoenix and Sky Harbor Airport.

Other greater Phoenix assets owned by Younan Properties include 4041 Central Plaza, a 20-story, 405,693 square foot Class A office tower and complex in downtown Phoenix; 7 Thousand Shea, a 137,522 square foot shopping center in Scottsdale; and 8260 and 8312 Warner Crossing in fast-growing Tempe, AZ.

About Younan Properties

Founded in 2002, Younan Properties makes principal investments and provides asset management services for Class A office assets in the U.S. on behalf of private, corporate and institutional investors. Through successful acquisitions and strategic dispositions, the company has assembled a fully scalable platform providing leasing, asset and property management, marketing, acquisitions, redevelopment, facility engineering and financing. Domestically, the company owns and manages properties in Chicago, Los Angeles, Dallas, Houston, Phoenix and Colorado Springs. In 2015, Zaya S. Younan founded La Grande Maison Younan Collection to acquire luxury resort properties in Europe. The Collection currently owns historic luxury hotels and golf courses in France.

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lgmyc 
press release 2017 05 08

Zaya S. Younan Expands Luxury Resort Group with Second Golf Course

LOS ANGELES, May 10, 2017 --- La Grande Maison Younan Collection has acquired Golf des Forges, a 272 acre, 27-hole golf course and resort near Niort in southwest France. The seller was Forges Golf SARL; Blue Green, a European golf operator, will continue to manage the course under lease.

According to Zaya S. Younan, Chairman and CEO of the Younan Collection and of Younan Properties, Golf des Forges is a significant acquisition for the young group because of its proximity to other Younan Collection hotel/castles and its hospitality component. “This course is beautifully laid out and located just a short drive from two of our properties, Hotel Saint-Martin and Chateau du Petit Chene. In addition to the three nine-hole courses, we will offer guests the ability to stay in one of five luxurious villas situated around the property.”

Golf des Forges, named after the 19th-century castle located in the same town, is uniquely designed and offers golfers, regardless of skill level, the chance to play three different nine-hole courses. Designed by the architect Bljord Ericksson, Golf des Forges is suitable for beginners to experienced players. Although there are commonalities among the courses with their reinforced bunkers, uneven terrain and water, they offer sufficient variety to make Golf des Forges a challenging experience.

The three courses vary in topography and difficulty and are designed so that two can be played for a complete par 72 experience. Golf des Forges offers golfers practice and putting greens, a fully stocked pro shop, clubhouse, restaurant, swimming pool and tennis court on site. Lessons are available for individuals and groups and beginners are encouraged to join Ecole de Golf, a year-round program for area youth. Golf des Forges is one of the most popular courses in the area and boasts an international clientele from all over Europe.

La Grande Maison Younan Collection is the international subsidiary of Younan Properties and heads a group specializing in acquiring historic boutique castle-hotels and luxury golf, spa and resort properties throughout Europe. Founded in 2015, the Younan Collection owns and manages Chateau de Beauvois, Hotel Saint-Martin, Chateau Le Prieure, Chateau du Petit Chene, and the Golf du Petit Chene. For information or reservations click the link to Younan Collection or email This email address is being protected from spambots. You need JavaScript enabled to view it..

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Crowds Gather in Mazières-en-Gâtine to Witness Historic Event

LOS ANGELES, February 27, 2017 --- From political dignitaries to area business leaders, hundreds gathered at the Château du Petit Chêne in Mazières-en-Gâtine to commemorate launching the complete reconstruction of the 17th century chateau-hotel owned by La Grande Maison Younan Collection, a division of Younan Properties. Château du Petit Chêne is a recognized French monument historique. The “laying of the first stone” ceremony was held in conjunction with the beginning of construction, which is estimated to be completed in April of 2018. This is the first time an American company is completely reconstructing a historical castle in France.

Zaya S. Younan, Chairman and CEO of the Younan Collection, commented on this historic event. “Today marks the beginning of many months of intense effort to completely reconstruct a French national monument chateau, stone by stone, under the guidance of Direction des affaires culturelles (DRAC), and the Service territorial de l’architectutre et du patrimoine des Deux-Sèvres (STAP 79). Our goal is to respect the history and historical importance of this beautiful chateau for people to enjoy for centuries to come.

“Once the reconstruction is complete, Château du Petit Chêne will be the first 4-star hotel and golf resort in the region that, steeped with its restored legacy and old world elegance, will embrace the standards of luxury and amenities that sophisticated travelers expect today. We are making a significant investment in the castle. In addition to reconstructing and upgrading the guest rooms and common areas, we will be creating a new gastronomic restaurant, cigar and cognac rooms, a 250,000 bottle wine cellar, and a new spa.”

Château du Petit Chêne sits amidst 165 unspoiled acres of wooded park land, lakes and a spectacular 18-hole golf course in Mazières-en-Gâtine, in the Poitou-Charentes region. It remains one of the most treasured estates in France. Built by the Vialt family in the early 1600's, the chateau has had just three owners. The last owner began a renovation of the chateau to transform it into a boutique luxury hotel, but was forced to abandon the renovation. The Younan Collection acquired the castle and golf course in October of 2015, and began carefully restoring interior and exterior finishes, adding new luxury guest suites and the renovation and launch of a redesigned restaurant and spectacular wine cellar. In March of 2016, with renovations nearly complete, the hotel suffered a catastrophic fire that resulted in its closure.

The Younan Collection team worked closely with the DRAC and STAP 79 to ensure that the reconstruction is faithful to the heritage of Château du Petit Chêne. The Younan Collection hired the architectural firm of Chevalier + Guillemot because of its experience in rehabilitating historical landmarks.

Robert Berthet masterfully designed the golf course, Golf du Petit Chêne, which remains open to the public, among a wooded landscape and numerous lakes. In addition to an 18-hole course, there is a 6-hole pitch and putt, driving range, pro shop, locker room and restaurant, with lessons by golf professionals being available.

Zaya Younan noted that Château du Petit Chêne exemplifies the aesthetic of the Younan Collection brand, which is to own a unique portfolio of luxury hotels, resorts and unique destinations around the world. “Our mission is to provide each guest a one-of-a-kind, luxury experience. Everyone deserves to be treated like royalty and we are confident that, once completed, Château du Petit Chêne will provide guests an unrivaled experience in castle living.”

La Grande Maison Younan Collection is the international subsidiary of Younan Properties for its European acquisitions and expansions. The Younan Collection specializes in acquiring historic boutique castle-hotels and luxury golf, spa and resort properties throughout Europe. In 2015, the Younan Collection acquired its first historic hotel-castle and golf course, Château du Petit Chêne and Golf du Petit Chêne in Mazières-en-Gâtine, in the Poitou-Charentes region. For information or reservations at any Younan Collection property, email This email address is being protected from spambots. You need JavaScript enabled to view it. or contact www.younancollection.com.

Contact: U.S. - This email address is being protected from spambots. You need JavaScript enabled to view it. +1 818.703.9600

France – This email address is being protected from spambots. You need JavaScript enabled to view it. +33 (0) 549 055 868

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Zaya S. Younan Adds Third Property to Luxury Resort Company

LOS ANGELES, February 14, 2017 --- La Grande Maison Younan Collection has acquired 4-star Hotel Château de Beauvois, its second historic hotel-castle in the famous Loire Valley. Built in the 15th century, the “castle of the beautiful valley” is located west of the city of Tours, in the heart of King’s valley, close to the vineyards of Bourgueil, Saumur and Chinon. Renowned for its beauty and surrounded by 99 acres of park in front of Lake Briffaut, Hotel Château de Beauvois was frequented by King Louis XIII during his reign.

According to Zaya S. Younan, Chairman and CEO of the Younan Collection and of Younan Properties, Hotel Château de Beauvois was a strategic acquisition and underscores his desire to build a luxury brand with historical significance. “This beautiful hotel embodies centuries of history and culture. We are preserving, restoring and renovating this unique asset to provide guests with a one-of-a-kind, luxury experience in the Loire Valley.”

The first phase of the multi-million dollar renovation has been completed. The lobby, common areas and restaurant have been renovated and feature sumptuous fabrics, crystal chandeliers, handmade carpeting and flooring, as well as a mix of fine furniture and priceless antiques. Each of the 36 guest rooms is being upgraded with its own unique design, furniture and fabrication. In early spring, the exterior renovations will be completed including the pool and tennis court, and a formal garden “Jardin à la Française.” The hotel soon will break ground for a new 20,000 square foot spa, fitness center and conference center.

The gastronomic restaurant, Louis XIII, was renovated under the direction of Chef Régis Guilpain, a Maître Cuisinier de France. Chef Guilpain excels in transforming local ingredients into dishes satisfying the palate and the eye. A custom-built wine cave holds more than 50,000 bottles of wine and champagne and guests are invited to dine in the cave or enjoy an exceptional cognac and a fine cigar from its humidor cellar. The multi-lingual staff of Hotel Château de Beauvois is experienced in planning special occasion events from fairytale weddings, and professional meetings and seminars.

Zaya Younan pointed out that Hotel Château de Beauvois, while luxurious and attentive in every aspect, is a destination for couples and families alike. “Everyone deserves to stay at a castle, to live like a king or queen and to touch a bit of history. The Younan Collection is driven to provide this experience every day.”

La Grande Maison Younan Collection is the international subsidiary of Younan Properties for its European acquisitions and expansions. The Younan Collection specializes in acquiring historic boutique castle-hotels and luxury golf, spa and resort properties throughout Europe. In 2015, the Younan Collection acquired its first historic hotel-castle and golf course, Château du Petit Chêne and Golf du Petit Chêne in Mazières-en-Gâtine, in the Poitou-Charentes region. For information or reservations at any Younan Collection property, email This email address is being protected from spambots. You need JavaScript enabled to view it. or contact www.younancollection.com.

Contact: U.S. - This email address is being protected from spambots. You need JavaScript enabled to view it. +1 818.703.9600

France – This email address is being protected from spambots. You need JavaScript enabled to view it. +33 (0) 549 055 868

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warner crossing

Tempe Office Complex 100% Leased

Phoenix, January 17, 2017 --- Younan Properties, Inc., an international commercial real estate investment and asset management company continued its expansion in Arizona with the acquisition of Warner Crossing in Tempe AZ.

Zaya S. Younan, Chairman and CEO of Younan Properties commented on this latest transaction. “Because of our financial resources and reputation as an experienced owner and manager, we can respond quickly to opportunities like Warner Crossing. We have high expectations for the Phoenix metro going forward. The metro population is expected to exceed 4.7 million by the end of 2017. Tempe continues to lead all Phoenix office submarkets with occupancy of 93.2%, and it recorded more than 1.6 million square feet of positive absorption in 2016.”

Younan continued, “We have a significant presence in the Phoenix metro and we are pleased to add Warner Crossing to our Southwest portfolio. This is another example of an opportunistic acquisition where we were able to acquire a high quality asset well below market value.”

Warner Crossing consists of two adjacent, single-story office buildings totaling 140,000 square feet that sit on a 15.5 acre landscaped site at 8260 & 8312 S. Hardy Drive. The property is 100% leased to national tenants including Guardian Protection Services, Compass Bank (NYSE:BBVA), Triwest Healthcare Alliance and Stewart Title Company. Warner Crossing enjoys easy access to Interstate 10, and is located near Loop 202, US 60 and Loop 101. It provides easy access to numerous amenities including restaurants, recreation and shopping as well as Phoenix’s light rail system and Sky Harbor International Airport. Nearby employers include Honeywell Aerospace, State Farm, American Airlines and Humana.

Younan Properties represented itself in the transaction. Glen Smigiel, Senior Vice President of CBRE represented the seller in the sale. According to Smigiel, "The acquisition by Younan Properties is a win-win for the tenants of Warner Crossing. The company has an established reputation for its management and operational capabilities, as well as its ability to close deals quickly. We are confident the tenants will appreciate the professionalism of and the improvements made by the Younan team.”

Younan Properties

Founded in 2002, Younan Properties makes principal investments and provides asset management services for Class A office assets and retail centers on behalf of private, corporate and institutional investors. Through successful acquisitions and strategic dispositions, the company has assembled a fully scalable platform. Domestically, the company owns and manages Class A properties in Chicago, Los Angeles, Dallas, Houston, Phoenix and Colorado Springs. In 2015, the Company formed a new international subsidiary, La Grande Maison Younan Collection to acquire luxury resort properties in Europe. The Collection currently owns five luxury castle-hotels and a golf course in France.