The perfect team — generations of real estate experience

 Photo Credit:  Peter Hellberg

Jeffrey Lunnen - Managing Principal / BROKER

Jeff Lunnen has been involved in over $100MM+ in real estate transactions in the Bakken, created 5 industrial parks and built over 500,000 SF of industrial space for lease and sale.

Jeff had a hand in the entitlement of 14 communities representing approximately 3,229 homes or potential gross sales revenue of approximately $640 million.

Jeff Lunnen is a Commercial Real Estate Broker who specializes in the analysis, marketing, and disposition of commercial and residential real estate portfolios held by both private individuals and community and national banking institutions. 

Using his experience and insight into the marketing and disposition processes Jeff has marketed over 900 million in commercial and residential assets throughout the country. 

Jeff manages all facets of the business including business development, graphic design, media coordination, marketing, budgets, contracts, negotiations, escrows, and client interface. His record of success includes successful sales of Coca-Cola Enterprises bottling/distribution centers, ski resorts, tentative maps, finished lots, business condos, retail centers, RV parks, apartments, industrial warehouses and vacant land. 

Jeff is a licensed Real Estate Broker in both California & North Dakota, licensed by FINRA, and is a CA Registered Securities Agent.

Thomas Lunnen - Founder

Tom Lunnen is the founder of Lunnen Development.  Over 35 years he has successfully developed over 2 million square feet of creative office,  industrial, residential and retail developments.  His companies have had a hand in the development of over 13,000 acres in California, Colorado, North Dakota and Utah.  He has directed several significant project including Capistrano Business Park, Anaheim Hill Medical and Professional Park, Long Beach Arco Towers, Bausch and Lomb Corporate facility, Smith food King and Albertson Shopping Centers.  Tom's projects represent well over a billion and a half dollars in development and real estate transactions.  Additionally, Tom has been responsible for 12 planned residential communities throughout the Western united States.

Tom is the recipient of multiple community awards for his developments as well as charitable work. 

Tom is a Vietnam Veteran and holds a Bachelor Degree in Political Science and a Master’s Degree in Business Administration.      

Vimal Bhanvadia - Partner

As founder & managing partner of Bhanvadia Holdings, Vimal has over a decade of experience in the successful development of ground up projects in health care, agriculture, retail, light manufacturing and industrial speculation.  Vimal specializes in business development and financing, working directly with lenders and stakeholders to ensure project completion.

He is an active investor and consultant with several companies in Southern California and Toronto, Ontario that focus on agriculture, real estate, specialty pharmacy services and retail.

Vimal is also involved with non-profit organizations that focus on the delivery of clean drinking water in developing countries globally and improving literacy in rural Indian villages. Closer to home, Vimal has implemented a program that improves medication adherence among the homeless. 

The investment group managed by Vimal works directly with Lunnen Development in North Dakota to develop a variety of real estate solutions to satisfy the growing market demand for industrial, manufacturing and retail development.

Vimal holds a BA in Business Economics and History from UCLA and a Masters in Business Administration from the University of Southern California.