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Charles Dunn Folds Brokerage Business

Los Angeles-based Charles Dunn Co. Inc. shut down its brokerage operations, effective Nov. 1, 2018. The property management business will remain operational.

In a memo from President and COO Patrick Conn, brokers and staff were notified of the decision. “With a heavy heart, we will close the current operations of Charles Dunn Company Inc. effective Thursday, November 1, 2018,” wrote Conn. The board of directors concluded that it was in the company’s best interest to cease operation “before we incur further expenses and potential losses,” he wrote.

The company explored various options over the past year to stabilize the firm and put it on a path to future growth. The memo noted, those efforts included a potential sale of the company.

Conn’s memo indicated, “Despite our diligent efforts, we were unable to find viable options and we have also come to the realization that a sale of the company will not occur as we had hoped. We believe it’s unfair to all of you to continue operating the company without a sustainable business plan and dedicated leadership.”

The privately-owned company was founded in 1921 and has offices in Downtown Los Angeles, West Los Angeles and Sherman Oaks and lists 35 brokers on its website. The firm says it manages more than 25 million square feet of commercial real estate.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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