AS7 does not work when it is installed in a path containing space character

[dpospisi@simkin bin]$ ./standalone.sh
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JBoss Bootstrap Environment

JBOSS_HOME: /home/dpospisi/run times/jboss-as-7.1.0.Final-SNAPSHOT

JAVA: java

JAVA_OPTS: -server -Xms64m -Xmx512m -XX:MaxPermSize=256m -Djava.net.preferIPv4Stack=true -Dorg.jboss.resolver.warning=true -Dsun.rmi.dgc.client.gcInterval=3600000 -Dsun.rmi.dgc.server.gcInterval=3600000 -Djboss.modules.system.pkgs=org.jboss.byteman -Djava.awt.headless=true

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WARNING: No log manager service descriptor found in specified logmodule org.jboss.logmanager:main
WARNING: No mbeanserver service descriptor found in specified mbeanserverbuildermodule org.jboss.as.jmx:main
Exception in thread "main" java.lang.ExceptionInInitializerError
at org.jboss.as.server.Main.main(Main.java:91)
at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:57)
at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
at java.lang.reflect.Method.invoke(Method.java:601)
at org.jboss.modules.Module.run(Module.java:248)
at org.jboss.modules.Main.main(Main.java:313)
Caused by: java.lang.IllegalStateException: The LogManager was not properly installed (you must set the "java.util.logging.manager" system property to "org.jboss.logmanager.LogManager")
at org.jboss.logmanager.Logger.getLogger(Logger.java:60)
at org.jboss.logmanager.log4j.BridgeRepositorySelector.<clinit>(BridgeRepositorySelector.java:42)
... 7 more
[dpospisi@simkin bin]$