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

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That’s no problem, mall owner Raymond Arjmand insisted this Manager turnover is normalp inthe industry, he said. Besides, he the mall manager is just an administrative personwith “very limited authority.” The same, he said, with the regiona director job, even though a year ago the man who held that job said he oversawa real estate, management and marketing for all of Arjmand’s properties. Gone are Jeff the regional director who startedf at County Fair a year ago and left in and Anne Kennedy the most recent general manager andalso DiJulius’ Lynch was hired in the spring and left Nov. 5.
DiJulius, now in would not discuss why he Larry Quartuccio, general manager before left after about six He replaced Debbie Kennedh who left after 10½ years with the mall, of them as general manager. Arjmand, a Southern Californi a investor, owns malls in several stated and abroad. Arjmand, who bought the Woodland mall in 2005for $15.21 million, said he and his staff in Calabasaz can oversee operations in Woodland through phone callsz and periodic visits. He said he anticipates hirinbg a replacement general manager in a few The mall’s secretary is acting as assistantg mall manager, he said.
Other malls in the meanwhile, have managers who leaved only for a few hours a day during theChristmasd rush. The mall also faces what some experts suspect will be a dismap national shopping season with one of its four anchorf stores dark andanother liquidating. will begin operatinhg from the former Target store earlynext , meanwhile, is liquidating after the chain calleed it quits. That leaves and to anchor the almost 400,000-square-foort shopping center for the Asfor anchors, Arjmand enthusiastically noted that Burlingtoh Coat Factory will invest significantly in a remodelo of the space it will occupy.
He said Mervyn’sx hasn’t officially notified him of its pending closur e atthe mall. When the retailer leaves, Arjmand said he’ll quickly be able to land another anchor. He expressed confidence despite a nationall retailmarket that’s been hammered by almost non-existentt consumer confidence, a credit crisis, retailers shuttering numerous stores and a strinfg of retail bankruptcies. Arjmand said he didn’t have occupancyg numbers for the mallreadily available. County Fair has been battlin high vacanciesfor years.
Tenants and community members had finall started to express optimism after Arjmandinvested $20 million in a renovatiom since he took over the mall and new tenantss signed on. Several tenants in the mall declined to speak about themall management.