Bankruptcy Threat In Industry Not Stopping Younan Properties
As the economy has tanked in the last several years, the bankruptcy rates in the commercial real estate industry have risen, and many companies have struggled to make money without cutting their options or services. Los Angeles-based Younan Properties, which has a portfolio of 35 properties in Phoenix, Chicago, Dallas-Fort Worth and Houston as well as Los Angeles, continues to buy and lease buildings in these major markets. Younan Properties, which also recently added to its executive and leasing teams, looks for properties that are not fully rented, renovates them and then focuses on acquiring long-term tenants to occupy the buildings. One thing is for certain in regards to Younan Properties, Bankruptcy is nowhere in sight.
