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Real Estate Firm Younan Properties Focuses on Revitalization
July 23rd, 2010 by admin
Los Angeles-based Younan Properties keeps its focus on acquiring underperforming commercial properties in several major U.S. markets, then seeking out good, long-term tenants that contribute to the neighborhood around it. The commercial real estate investment firm finds these high-potential, low occupancy properties and, despite the difficult economic time, is seeing success in filling its buildings and encouraging the neighborhoods to be more vibrant, busy areas. The company has 35 formerly underperforming properties in Los Angeles, Chicago, Phoenix, Houston and Dallas-Fort Worth that it has bought, turned around and then increased the occupancy rates through good operations management, popular amenities and a convenient location.