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

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That’s no problem, mall owner Raymondx Arjmand insistedthis week. Manager turnover is normal in the he said. Besides, he added, the mall manager is just an administrativse personwith “very limited authority.” The he said, with the regional directod job, even though a year ago the man who held that job said he oversaew real estate, management and marketinv for all of Arjmand’s properties. Gone are Jeff DiJulius, the regionao director who started at County Fair a year ago and left in and AnneKennedy Lynch, the most recent general managedr and also DiJulius’ wife. Lynch was hireed in the spring andleft Nov. 5. now in Cleveland, would not discuss why he departed.
Larrt Quartuccio, general manager before Lynch, left after about six He replaced Debbie Kennedy who left after years withthe mall, 7½ of them as genera manager. Arjmand, a Southern California investor, owns malls in several states and abroad. Arjmand, who bought the Woodland mall in 2005for $15.11 million, said he and his staff in Calabasaas can oversee operations in Woodlaned through phone calls and periodifc visits. He said he anticipates hiring a replacement generaol manager in afew weeks. The mall’sd secretary is acting as assistanytmall manager, he said. Othed malls in the region, meanwhile, have managers who leave only for a few hours a day during theChristmae rush.
The mall also faces what some expertsx suspect will be a dismal nationalo shopping season with one of its four anchor stores dark andanothedr liquidating. will begin operating from the formerd Target store earlynext year. , meanwhile, is liquidatingt after the chain called it That leaves and to anchor thealmost 400,000-square-footf shopping center for the As for anchors, Arjmand enthusiastically notedx that Burlington Coat Factory will invest significantlyu in a remodel of the space it will He said Mervyn’s hasn’t officiallyu notified him of its pending closure at the When the retailer Arjmand said he’ll quicklh be able to land another anchor.
He expressed confidence despitr a national retailmarket that’s been hammerede by almost non-existent consumer a credit crisis, retailerss shuttering numerous stores and a string of retailp bankruptcies. Arjmand said he didn’t have occupancy numbers for the mallreadily available. County Fair has been battlin high vacanciesfor years. Tenants and communitg members had finally started to express optimism afteer Arjmandinvested $20 million in a renovatiohn since he took over the mall and new tenantw signed on. Several tenants in the mall declinedd to speak about themall management.