LAGUNA HILLS, CA-DBN Development, a developer of retail, mixed-use, residential and office space, has named former Grubb & Ellis veteran Ian Brown to guide an acquisition initiative. The 25-year commercial brokerage veteran also will oversee the marketing and leasing for DBN's portfolio of projects, according to Steve Delson, president of DBN.
In his post at Grubb & Ellis, Brown was a senior vice president serving developers and tenants throughout Southern California, most recently focusing on retail clients in urban marketplaces and emerging markets in the Inland Empire. His previous experience includes positions with Cushman & Wakefield and Xerox Corp.
Brown comes on board as DBN works to build its portfolio, according to Delson, who notes that he and the new DBN executive vice president "have a long and successful history going back to projects he leased for Mission Viejo Co." Brown also worked on DBN projects while he was with Grubb & Ellis.
DBN is involved in a broad spectrum of projects, including a restoration of the historic Casino Building property in San Clemente, which the company acquired in September 2006. Its plans call for the rehabilitation of the domed structure as part of a mixed-use project that will anchor the city's North Beach area redevelopment.
The redevelopment plans call for retail and restaurant uses and for-sale residences that will be built over a level of underground parking. The design "will complement the city's announced plans for a "resort retail mall" that Lab Holdings Inc. and the city are developing, according to the DBN web site. DBN hopes to begin construction on the property in the second half of 2007.
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