1St Quarter 2003 Newsletter

A Message From The
President

Morlin hires only the most experienced professionals in the real estate management industry to be part of the Morlin property management team. Each member of the Morlin team has substantial experience in his or her related field and has chosen property management as their career focus. This makes our team different from our competitors and provides owners with a superior level of service.

The Institute of Real Estate Management recognized Morlin as a leader in the industry when it designated Morlin as an Accredited Management Organization. The AMO® designation has been awarded to only 3% of the property management firms in the U.S. As an AMO® you can be sure Morlin delivers superior property management services.

Morlin offers commercial
owners advantages that are key
to maximizing property value:

Office, Medical & Industrial Building Specialists
Property Management
Leasing
Project Management
Facilities Management
Construction Supervision
Engineering
Receiverships

LOS ANGELES OFFICE
444 South Flower Street, Suite 500
Los Angeles, California, 90071
(213) 622-4442
(213) 622-6491 Fax

SAN FRANCISCO OFFICE
50 First Street, Suite 200
San Francisco, California, 94105
(415) 543-1962
(415) 543-1938 Fax

MORLIN SUPERVISES OVER 30,700 sq. ft.
OF CONSTRUCTION

Several months ago Morlin was asked by Wells Fargo Bank to provide lease administration for twenty-one floors located at 444 S. Flower Street in Los Angeles, California. After successfully negotiating several leases Morlin is using its knowledge in construction management to aid in the smooth transition between building tenants. Leading the construction supervision is Consultant, Bill Torley a 34 year veteran in project management.
Bill has worked on a wide variety of projects including telecommunications, tenant development/improvement, branch and administrative offices in the banking industry, retail, medical offices and hospitals, emergency power systems, industrial manufacturing and computer/data systems. Over the years, he has developed extensive experience in “Design Build” projects. Mr. Torley has an articulate manner in communication with all groups and individuals involved in a project. Bill’s philosophy on construction projects is to face all potential problems head-on during design. This results in a true and effective cost of the project minimizing change orders and unforeseen costs.

Projects Performed at Above Referenced Property

18th Floor – Booz-Allen, Hamilton Inc.
Architectural designed: Perkins and Wills; Approx. 5,200 sq. ft.
Contractor: Corporate Contractors Inc.
18th floor Common Corridor and Restroom upgrade.
Architectural designed: City Spaces
Contractor: Corporate Contractors Inc.
Ivie, McNeill & Wyatt,
Architectural designed: City Spaces; Approx. 15,500 sq. ft.
Contractor: Interscape Construction
Wells Fargo, Employee Assistance, LA Metro Region
Offices, 46th Floor
Architectural designed: L.A. Architects; Approx. 10,000 sq. ft.
Contractor: Undetermined as of 07/11/03

Morlin Negotiates Lease Extension & Leads
Construction Supervision of 84,719sq. Ft

Morlin Management Corporation and Wells Fargo Bank welcomed the Los Angeles Housing Department into the Garland Building, 1200 West 7th Street, on May 19, 2003. The LAHD has relocated from the DWP Building on Spring Street. They will occupy approximately 77,538 rentable sq. ft. after all of the tenant improvement work is completed.

Construction supervision will be performed by Morlin Management Corporation with Julien J. Studley, Inc. as the Project Manager; Corporate Contractors is the General Contractor and City Spaces as the Architect. Over 375 City employees will be housed within two full floors of the building’s “Tower”, as well as a Service Center in the main lobby of the building consisting of 7,181 square feet.

When LAHD is fully operational, they expect over 200 daily visitors to their Service Center and Corporate offices. LAHD will also be welcomed by the building’s existing corporate tenants such as Bank of America, JP Morgan Chase, Aetna, Inc., Regulus Group and over twelve telecom tenants. The total cost of the tenant improvements including furniture and fiber optic communications systems was in excess of $2.5 million dollars.

Morlin Management Corporation was successful in negotiating a lease extension for the LAHD’s term in the building expiring in February of 2009.

For More Information Regarding
Leasing and Construction Supervision
Contact Morlin Management Corporation Los Angeles: (213) 622-4442

MORLIN INCREASES THE AMOUNT OF QUALIFIED INDIVIDUALS ON STAFF

For the past three months Morlin Management has been working to provide maintenance and repair oversight for eight Los Angeles Unified School District Administrative facilities. The portfolio includes over 1,250,000 sq. ft. of property. To ensure that requests are handled in a timely and cost effective manner Morlin Management has hired a team of qualified individuals. In selecting its vital team members Morlin looked for experience, devotion, motivation and of course the ability to be a team player.
Jeff Gunther formerly of Charles Dunn Company was recruited in March of 2003 to act as a Liaison between Morlin and The Los Angeles Unified School District. Before working with Morlin Mr. Gunther was the President of Charles Dunn Real Estate Services, Inc. In this capacity, he supervised various regional managers and department heads that provided management, leasing, maintenance, accounting and engineering services for the properties within the Charles Dunn portfolio in California and Arizona. He was responsible for over 120 staff and building employees in three regional offices and oversaw the management and leasing of over 20 million square feet of retail, office and industrial space and 5,000 residential units. His duties also included providing asset management services for selected clients and supervising the Construction Management Division. He also was regularly appointed by various State Superior Courts as a receiver with full responsibilities on investment real estate of all kinds throughout California and has served as an expert witness in numerous cases.
Mr. Gunther is a licensed real estate broker in the state of California and was awarded the CPM® designation in 1981. He holds the CSM® and CCIM® designations from the International Council of Shopping Centers and the Commercial Investment Real Estate Institute respectively. Mr. Gunther also holds the RPA® designation from the Building Owners and Managers Association and was a charter director of the Orange County Chapter of BOMA and the 1984-85 president. He has been a member of the IREM-LA Executive Council since 1994, was recently the 2001 President of the Great Los Angeles, Chapter No.6 and is still active on several IREM National committees.
Bill Collins joined Morlin Management on June 16 as General Manager for the LAUSD account. Mr. Collins previously was the Senior Portfolio Manager at the Los Angeles World Trade Center. Throughout his twenty year experience Bill’s portfolio included the managing and leasing of office, retail, industrial and medical buildings. Mr. Collins is also a Licensed California Real Estate Broker and holds a degree in Business Administration with an emphasis in Real Estate Finance.

MORLIN Acquires 28,902 sq.ft. in Berkeley, Ca.

Incorporated in 1878, Berkeley continues to welcome newcomers from all backgrounds. Effective July 1st, 2003 HJ Friedman Corporation has contracted with Morlin Management Corporation to operate and manage the real property improvements and

personal property located at 2001 Addison Street located in downtown Berkeley, California.
This pristine property consists of a three story office building containing approximately 28,902 rentable sq. ft. of office space with an adjacent parking lot.

801 South Raymond
Pasadena, CA 91105
Industrial / Office
Sq. Ft 14,264

Please contact Tim Moore at:
(213) 622-4442

Located Near Old Town Pasadena
Convenient access to the Metro Gold Line.