August 2012

SDBF’s Basics of the Individual Chapter 11 Bankruptcy Case

DWC will be attending the San Diego Bankruptcy Forum’s Basics of the Individual Chapter 11 Bankruptcy Case, taking place on August 28th at the Westin Emerald Plaza in San Diego, CA.

Please join the DWC team at the event. Click here for more information about the event and online registration.

NABT’s 2012 Annual Convention

DWC will be exhibiting at the National Association of Bankruptcy Trustees’ 2012 Annual Convention, taking place on September 5th-9th at The Broadmoor in Colorado Springs, CO.

Please stop by DWC’s booth at the event, hosted by Douglas Wilson.  Click here for more information about the event and online registration.

IMN’s West Coast Forum on Special Assets and Real Estate Workouts

DWC will be attending the Information Management Network’s West Coast Forum on Special Assets and Real Estate Workouts, taking place on September 10th -11th at The Fairmont Hotel in Santa Monica, CA.

Please join DWC’s Douglas Wilson and Nicholas Wilson at the event. Click here for more information about the event and online registration.

Douglas P. Wilson has been appointed Receiver to oversee the interim operations and liquidation of a large lumber company which is a supplier of various construction related hardwood, flooring, and window framing products. At its peak several years ago, the 125-year-old company had revenues exceeding $300 million, with well over a dozen locations and 600 employees.

 


 

As agent for the Receiver, Douglas Wilson Companies (DWC) provided an in-depth review of the company’s financial position, which had already begun an orderly consolidation and wind down. Following its initial review, DWC formulated a strategic liquidation plan, and has obtained court approval to liquidate the company’s assets while overseeing its interim operations in order to maximize the recovery of proceeds. DWC’s responsibilities include; overseeing the collection of accounts receivable, selling various real estate assets, directing the orderly liquidation of inventory, resolving numerous outstanding liens, and defending the company against any lawsuits that may arise.

As balance sheet lenders continue to resolve their real estate portfolios, DWC is experiencing an increase in non-performing operating business and C&I loans, including agricultural, high tech, medical, construction and distribution companies. While operating company assignments, business liquidations, and fraud cases constitute a growing portion of DWC’s upcoming assignments, the firm remains quite active with new real estate appointments and brokerage listings. The combination of proven operating and financial expertise, a hands-on approach and an absolute focus on assignment execution makes DWC a unique and valuable ally for its clients.

Contact John Morrell by email or by calling  619.641.1141 for more information.

Chicago O’Hare Airport Hotel Sold by DWC

by DWC Team on August 19, 2012

Douglas Wilson Companies’ veteran brokerage team recently sold a 466-room hotel – formerly a Wyndham property that has been closed since 2010 – to Hotel Mannheim Chicago, LLC. The 12-story property is located approximately 1.5 miles from Chicago’s O’Hare International Airport and features indoor and outdoor pools, fitness center, restaurants and lounge, and a business center. In addition, the property has over 31,000 square feet of meeting space.

In order to sell the property, DWC launched an extensive international marketing campaign that reached over 20,000 potential buyers and generated multiple competitive offers. As a result of the buyer competition, the final offer significantly exceeded price expectations. The Brokerage Division — led by Alan Scott and Tom Olson — represented the seller.

Click here to view all current listings.

Jordan Beal, Esq.

Douglas Wilson Companies (DWC) is pleased to announce that Jordan Beal, DWC’s Associate General Counsel, is a nominee for the San Diego Daily Transcript’s 2012 Power of Attorney Awards.  Beal, a 2011 Power of Attorney Awards finalist, stated, “It is a tremendous honor to be nominated alongside such excellent and experienced attorneys.  I know the quality of Corporate Counsel that San Diego has to offer, and I am truly humbled to be nominated again this year.”

The Transcript’s annual Power of Attorney Awards recognize the best in-house corporate counsel in San Diego County.  Nominees – who are selected by their peers – are chosen as a result of their leadership, dedication and achievement, community involvement and commitment to diversity in the profession.

Mr. Beal’s responsibilities at DWC include negotiating and drafting contracts, consulting agreements, leases and brokerage agreements, preparing Receivership Orders, reviewing and revising an array of legal pleadings, business compliance and licensing, asset management assistance and providing legal research and analysis.

View the complete list of 2012 nominees on the Transcript’s website.

Douglas Wilson Reaches Agreement to Sell Royal Gorge Cross Country Ski Resort

August 8, 2012

Douglas Wilson Companies is pleased to announce that an agreement has been reached to sell the Royal Gorge Cross Country Ski Resort.  The nearly 3,000 acre resort – located atop Donner Summit in the picturesque Sierra Nevada mountain range – is under contract to be sold to environmental groups, the Truckee Donner Land Trust and […]

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