Professional Profile
| Jim Orloff | ||
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Title: Senior Vice President
Specialties: Corp Services, Industrial, Office NAI Capital HQ |
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| Scope of Service Experience | ||
| Mr. Orloff has an extensive background in corporate real estate and development. In 1978, he commenced his real estate career with the Southern Pacific Industrial Development Company in San Francisco were he managed the development of railroad owned land in Northern Nevada, Utah and Northern California.
In 1984 Mr. Orloff accepted a position with Litton Industries in Los Angeles where he was responsible for Litton's real estate requirements in the Western United States. He successfully completed several large regional site selection and development projects including the acquisition of a 377,000 square foot corporate headquarters facility in San Jose, California. In 1986 Mr. Orloff left Litton and accepted a position of Director of Real Estate Development for Jiffy Lube International, Inc. in the Los Angeles area where he was successful in establishing over 25 Jiffy Lube facilities throughout the Los Angeles area. |
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| Education | ||
| Mr. Orloff received a Bachelor of Arts degree from UCLA in Economics in 1978. In 1983 he completed an MBA in Finance from Golden Gate University in San Francisco.
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| Background & Experience | ||
| In 1993, Mr. Orloff returned to Litton Industries assuming the responsibility of managing its worldwide real estate portfolio comprised of over 16 million square feet. Among his duties, Mr. Orloff managed the day-to-day real estate demands of a Fortune 300 company which included performing site selections, investment analysis, appraisals, property development and building construction, management of property management personnel and the negotiation of property sales, leases, acquisitions, sale/leasebacks and tax appeals.
He was successful in the sale of numerous industrial and office properties throughout the United States. He worked through the environmental challenges in the sale of older manufacturing facilities resulting in no post closing environmental obligations. Mr. Orloff also successfully presented a synthetic lease alternative to a conventional built-to suit office development of 565,000 square feet, which provided annual savings in lease cost of over 40%. In 2001, Northrop Grumman acquired Litton Industries and Mr. Orloff assisted in the integration of the two companies. He then joined the newly formed Corporate Real Estate Services Division of NAI Capital Commercial. |
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| Professional Affiliations & Designations | ||
| Mr. Orloff is a member of CoreNet Global (formerly NACORE), a national association of corporate real estate executives. | ||
| Significant Transactions | ||
| Completed sale of 165,000 office complex in Agoura Hills, California to Countrywide, Inc.
Completed sublease of 65,000 square foot industrial building in Chatsworth, California for Axciom Corporation. Completed sale of 600,000 square foot industrial complex in New Britain, Connecticut to S. L. Equities, Inc. Completed sale of a 320,000 square foot manufacturing/distribution facility in York, Pennsylvania to Kinsley Equities. Completed lease of a 370,000 square foot manufacturing facility in York, Pennsylvania to Kinsley Equities. Completed purchase of 377,000 square foot office complex in San Jose, California for Litton Systems, Inc. Completed sale of 248,000 square foot manufacturing complex in Passaic, New Jersey to Doren Associates. Completed sale of 162,000 square foot office campus in Agoura Hills, California to Nearon Enterprises. Completed sale of 140,000 square foot office/industrial flex building in Moorpark, California to Card Services, Inc. Completed sale of 165,000 square foot office complex in Agoura Hills, California to CountryWide Home Loans. Completed sale of 117,000 square foot industrial building in Lexington, South Carolina to Lexington Land Corporation. Completed sale of 52 acres of land for retail development in Charlottesville, Virginia to Landonomics Corp. Completed sale of 50 acres of industrial land in Ogden, Utah to Riverside Industries, Inc. Completed 20- year build-to-suit lease of 55,000 square foot office/R&D facility in Ocean Springs, Mississippi with the Jackson County Port Authority. Completed lease of 165,000 square foot office/R&D/manufacturing facility in Goleta, California from Sares-Regis. Completed sublease of 66,000 square foot office/ R&D facility in Chatsworth, California between Acxiom Corp. and Thibiant International. Completed lease of 60,000 square foot industrial building in Fairfield, California from Panattoni Development. |
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