March 2012

New Assignment: Fyre Lake National

by DWC Team on March 9, 2012

On March 8, 2012, Douglas Wilson was appointed as Receiver of Fyre Lake National. Fyre Lake National is an 18-hole Nicklaus Design golf course on the west side of  Fyre Lake in Sherrard, Illinois.

 

Douglas Wilson Companies is accepting bids for the purchase of the assets of NexHorizon Communications: a distressed San Diego based cable company.

Douglas Wilson (the “Receiver”), pursuant to order of the San Diego Superior Court entered on March 7, 2012 (“Order”), is accepting bids for the purchase of the assets of NexHorizon Communications, Inc. NexHorizon Broadband of Southern California, Inc., and Green Planet, Inc. (collectively the “Companies”), including all of the Companies’ real and personal property  including without limitation:

  • inventory
  • account receivables
  • goods
  • books and records
  • equipment
  • general intangibles
  • fixtures
  • and any and all causes of action of the Receiver, including any causes of action against the Defendants (or any of them) and their respective officers, directors, managers, control persons, agents, and representatives.

The company currently passes by 30,000 homes in the Southern San Diego County areas of Chula Vista and National City and has conduit laid down to pass an additional 30,000 homes in Chula Vista.

The deadline to submit bids is March 21, 2012.

Prospective bidders must qualify financially prior to submitting a bid and must be willing to execute the Asset Purchase Agreement approved by the Order.  For more information, and a copy of the Order and Asset Purchase Agreement, please contact Terry Plowden at (619) 641-1141.

Click for the NexHorizon Flier.

Douglas Wilson Companies is pleased to announce the sale of a note with a face value amount of approximately $14,000,000. The note, secured by two office buildings located at 30077 and 30101 Agoura Court, Agoura Hills, CA 91301, was purchased by a local investment group.

The two buildings total approximately 102,000 square feet and are located in the Canejo Valley submarket of San Fernando Valley.  Tigg Mitchell, Alan Scott, CCIM and Tom Olson, all of DWC’s Brokerage Division, represented the seller, JP Morgan Chase Bank.