"Archbishop's Realtor" Richard C. ('Dick") Dunn Dies at Age 84

April 18, 2011 - 11:39 PDT

FOR IMMEDIATE RELEASE
MEDIA ADVISORY

Los Angeles, CA (April 18, 2011) - Richard C. ("Dick") Dunn, age 84, scion of a distinguished 3-generation Los Angeles commercial real estate brokerage dynasty encompassing the Charles Dunn Company and Dunn Property Group, died Friday, April 15 at 7:00 AM at Huntington Hospital, Pasadena, from an inoperable brain hemorrhage, according to his daughter, Theresa M. Dunn, the eldest of his six children with his wife, Eleanor Patricia ("Patty") Dunn, who also survives him.

Dunn's 62 year career in the Los Angeles area was witness to the spectacular boom and development of the Southern California's commercial real estate market in the late 20th & early 21st Centuries and Dunn played a significant leadership role in the assembly, sale and/or lease of some of the area's most signature commercial properties. While acknowledging the complex changes to the brokerage industry and the vagaries of the economic climate over the past half century, the veteran real estate broker would wryly describe the brokerage business as "Still just dirt, people and money."

Known as "The Archbishop's Realtor," Dunn and the Charles Dunn Company also played a major role in the expansion plans of the Archdiocese of Los Angeles, beginning in the late 1940's when Archbishop James Francis McIntyre assigned them the task of buying property for new parishes in outlying areas and the acquisition of the land for the new St. Basil's Catholic Church on Wilshire Blvd., among other properties. In 2009, Dunn orchestrated the $31 million sale and leaseback of the Archdiocese of Los Angeles headquarters, a 13 story office building at 3424 Wilshire Blvd which Dunn had previously arranged as a gift from Thrifty Payless to the Archdiocese.

Over the next five decades, Dunn and the Charles Dunn Company also brokered nearly 300 transactions for the Archdiocese of Los Angeles, the original site purchase or property additions to 75 parishes, 20 high schools, 12 hospitals (including St. John's, Queen of Angeles and St Joseph's) and over 20 related Catholic religious institutions (including Loyola Law School).

Dunn was honored for his many years of service to the Archdiocese of Los Angeles when he was named a Papal Knight of Malta and a Knight Commander of St. Gregory. He was a recipient of the Cardinal's Award in 2007.

Dunn was widely regarded by the industry as the dean of the commercial real estate brokerage field. Highlights of Dunn's remarkable Southern California commercial brokerage career include:

• NBC's purchase of 50 acres in Burbank in the early 1950s;
• The sale of Warner Gateway, a 239,000-square-foot office complex in the west San Fernando Valley;
• Brokering the land acquisition and obtaining the leasing and management contract for the development of the 415,000-square-foot 500 North Brand Building in Glendale, at the time the city's largest and most successful "spec" office building;
• Assembling the land for the Signal Oil & Gas high-rise at Wilshire and the Harbor Freeway and the lease to Maguire Partners and Pacific Telephone;
• The sale of several acres of assembled parcels fronting the Harbor Freeway at Temple Street to Bank of America for a regional computer center;
• Leasing 140,000 square feet in the 700 South Flower Building part of Broadway Plaza to a major law firm and a NYSE brokerage for its L.A. headquarters;
• A triple play involving the Remington Rand regional headquarters at 2601 Wilshire Boulevard: first a sale and leaseback to RemRand, then subsequent sales to Mission Insurance and Southwest Administrators;
• A $63 million sale of commercial property in Salinas, CA

Dunn married the former Eleanor Patricia ("Patty") Bailey on February 3, 1951 and they raised their six children in the Glendale/Pasadena area of Los Angeles. A former trustee of Loyola Marymount University and a regent of Loyola High School, Dunn was active in a number of local foundations and Catholic high schools and charities including Fritz Burns, Weingart and Hospitaller Foundations, St. John of God Care Center, Little Sisters of the Poor and Immaculate Heart High School. Dunn was an active parishioner of St. Andrew's Church (Pasadena) and a member of the Jonathan Club and the Annandale Golf Club.

Dunn is survived by his wife of 60 years, Eleanor ("Patty") Dunn; three daughters: Theresa, Ellen McPherson (J.R.) and Maryanne Herrill (Matt); three sons: Peter (Alicia) Dunn, Matthew (Penny) Dunn and Chuck (Lily) and nine grandchildren. Dunn is also survived by his siblings, Dorothy Dunn and Joseph (Eleanor) Dunn, and numerous nieces and nephews.

Funeral services will be held on Monday, April 25 at 11:00 AM. Private burial is on Tuesday, April 26. In lieu of flowers, please make donations to Loyola High School, 1901 Venice Blvd., La, CA 90006; Immaculate Heart High School, 5515 Franklin Ave., LA, CA 90028.

Contact

Frank Tobin PR
https://www.catholic.org
IL, 60640 US
Francis Tobin - President / Owner, 3236613720

Keywords

Richard C. Dunn, Archbishop's Realtor, LA Realtor, Archdiocese of Los Angeles

Category

OTHER

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