Alexander Moradi, Managing Member
As Managing Member of ICO, Alexander Moradi is the primary thrust behind the company. With his leadership and over 20 years of solid experience in real estate investments and development, ICO has dramatically expanded its property portfolio, acquiring and/or developing over four million square feet of commercial projects throughout Southern California and the southwest. Mr. Moradi has successfully built long-standing business relationships with governmental agencies, and corporate, retail, and industrial tenants that help maintain ICO’s 98% occupancy rate in its commercial properties.
Many in the community know him for both his professional and ad hoc involvement in helping rebuild economically challenged areas. Spearheading the company’s efforts to revitalize underserved communities, he has worked closely with the South Los Angeles community, developing a first-of-its-kind retail shopping center, Chesterfield Square. Mr. Moradi’s plans include several other new developments for economically challenged areas in Southern California to help meet the needs of these growing communities. One such development is Pacific Electric Lofts, the renovation of a 500,000 SF historic office building into 314 lofts and 20,000 SF of retail space in the former skid row area of Los Angeles. This apartment community is now 99% occupied and leased.
Under Mr. Moradi’s leadership, ICO achieved substantial completion in September 2007 on a 220,000 SF Class “A” design/build office building for the County of Los Angeles in South Los Angeles. This ambitious project was completed on schedule and within its $107 Million budget and represents the largest real estate development project built in South Los Angeles in over 50 years. In addition, it is the first Los Angeles County government office building to house four different social service departments in one structure.
Mr. Moradi holds a BS in Business Administration from the University of Southern California where he majored in Real Estate Finance. His other community involvements have included being a board member of the LA Fashion BID, Kiwanis Club of Huntington Park, the Southwest Rio Vista YMCA and the Studio City Improvement Association.
Jian Torkan, Partner
Jian Torkan has been associated with ICO Investment Group since 1992, and with ICO Group of Companies since its formation in 2004. Initially, Mr. Torkan acted as in-house counsel for ICO, and eventually established himself as the company’s primary liaison to government entities in the Inland Empire, assuming responsibility for the management of all properties held by ICO in this Southern California region. As such, Mr. Torkan has established and developed ICO’s relationship with the County of San Bernardino and continues to establish new relationships with government entities in the Inland Empire to meet ICO’s goal of establishing itself as a premier landlord for governmental entities.
In managing numerous retail projects held by various ICO entities, Mr. Torkan established many relationships in the retail real estate arena. Having begun the accumulation of raw land for retail development, Mr. Torkan’s successful execution of shopping center and retail construction projects has resulted in a substantial inventory of fully leased retail properties owned and managed by ICO. ICO’s retail projects house such major national tenants as Tesco, Staples, and Ethan Allen Furniture as well as the full range of quick service restaurants
Mr. Torkan began his real estate career working for Torco Development Corporation in 1986. Torco Development was a family owned company that developed several shopping centers throughout Southern California. In 1989 Mr. Torkan participated in an internship program with Cal American/American International, a real estate investment trust. Mr. Torkan reported to the Chief Financial Officer and assisted in all aspects of the REIT’s operations.
Jian Torkan received his Bachelors Degree in Economics/Business from UCLA in 1989 with College Honors. Thereafter, Mr. Torkan attended Southwestern University School of Law and earned his Juris Doctorate with high honors in 1992. Mr. Torkan is currently licensed to practice law in the State of California, the State of Nevada and the 9th Circuit Federal Court.
Between 1990 and 1992, Mr. Torkan concentrated on obtaining his law degree and passing the various bar examinations. Thereafter, Mr. Torkan opened his own practice and has been practicing law since late 1992. Mr. Torkan’s practice encompasses Administrative Law as well as Real Estate Law.