ICO Team Members
Alexander Moradi, Managing Member
Managing Member and founder of ICO, Alexander Moradi, with over 20 years of solid experience in real estate investments and development, is the primary thrust behind the company. Through his leadership, ICO has dramatically expanded its property portfolio — acquiring and/or developing over four million square feet of commercial projects throughout Southern California, Nevada and Missouri as well as over 700 apartment homes in California and Colorado. Mr. Moradi has successfully built long-standing business relationships with governmental agencies, as well as corporate, retail, and industrial tenants that help maintain ICO’s 98% commercial property occupancy rate.
Many in the community know him for both his professional and ad hoc involvement in helping rebuild economically challenged areas. Spearheading efforts to revitalize under-served communities, he has worked closely with the South Los Angeles community in developing Chesterfield Square, a first-of-its-kind retail shopping center. 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-square-foot historic office building into 314 lofts and 20,000 square feet of retail space in the former skid row area of Los Angeles. This apartment community is now over 95% leased and occupied.
Under Mr. Moradi’s leadership, ICO achieved substantial completion, in September 2007, of a 220,000-square-foot, Class A design/build office building for the County of Los Angeles in South Los Angeles. This ambitious project was finished on schedule and within the $107 million dollar budget. It represents the largest South LA real estate development project 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. He currently serves on the Boards of the Downtown LA Fashion BID and the LA Child Guidance Clinic, as well as the Executive Commitee of the Central City Association. His other community involvements have included being a board member of the Kiwanis Club of Huntington Park, the Southwest Rio Vista YMCA and the Studio City Improvement Association.