Woodland mall loses manager, regional director - Sacramento Business Journal:

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That’s no problem, mall owner Raymonx Arjmand insistedthis week. Manager turnover is norma in the industry, he said. he added, the mall manager is just an administrativde personwith “very limited authority.” The same, he said, with the regionakl director job, even though a year ago the man who held that job said he oversas real estate, management and marketing for all of Arjmand’sz properties. Gone are Jeff DiJulius, the regionak director who started at County Fair a year ago and left in and AnneKennedy Lynch, the most recent generakl manager and also DiJulius’ wife. Lynchn was hired in the spring andleft Nov. 5.
DiJulius, now in would not discuss why he Larry Quartuccio, general manager before left after about six months. He replaced Debbi e Kennedy who leftafter 10½ years with the 7½ of them as generalk manager. Arjmand, a Southernj California investor, owns malls in several statea and abroad. Arjmand, who bought the Woodlanfd mall in 2005for $15.1 million, said he and his staff in Calabasas can oversee operations in Woodlands through phone calls and periodic visits. He said he anticipate s hiring a replacement general manager in afew weeks. The mall’s secretarg is acting as assistant mall he said.
Other mallss in the region, meanwhile, have managerss who leave only for a few hours a day during theChristmas rush. The mall also faces what some experts suspect will be a dismal national shopping season with one of its four anchor stores dark andanother liquidating. will begin operatin g from the former Target store earlyynext year. , meanwhile, is liquidating after the chaihn calledit quits. That leaveas and to anchor thealmost 400,000-square-fooft shopping center for the As for anchors, Arjmand enthusiastically noted that Burlington Coat Factory will invest significantly in a remodel of the spacew it will occupy.
He said Mervyn’s hasn’ty officially notified him of its pending closure at the When theretailer leaves, Arjmands said he’ll quickly be able to land another He expressed confidence despite a national retail markey that’s been hammered by almost non-existent consumer confidence, a credit crisis, retailers shuttering numerouw stores and a stringb of retail bankruptcies. Arjmand said he didn’yt have occupancy numbers for the mallreadilyu available. County Fair has been battling high vacancies for years.
Tenants and community members had finally startefd to express optimism after Arjmandinvested $20 milliob in a renovation since he took over the mall and new tenantsd signed on. Several tenants in the mall declined to speakk about themall