The perfect team — generations of real estate experience


 Photo Credit:  Peter Hellberg

Jeffrey Lunnen - Managing Principal / BROKER

Jeff Lunnen has more than 16 years experience in Commercial Real Estate Brokerage, Development, Investment & Consulting.  He specializes in the analysis, marketing, and disposition of Industrial, Retail, Office, Multifamily, Land & Self Storage owned by both private individuals and community & national banking institutions. 

Using his experience and insight into the marketing and disposition processes Jeff has successfully transacted over $900 million in sales and leasing consideration, Jeff Lunnen has been involved in over $200 million in real estate transactions in the Bakken Oil Fields, entitled and developed 5 industrial parks and built over 500,000 SF of industrial space for lease & sale.

Jeff is a licensed Real Estate Broker in the States of both California & North Dakota, licensed by FINRA, and is a CA Registered Securities Agent.  He holds a Bachelor Degree in Business Administration & Public Administration from Arizona State University, and industry-leading Light Construction and Development Management Certificate (LCDM) from the University of California Irvine.  


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 $1.5 Billion 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.