The boom in oil production from the Dakotas through Texas, once buzzing with thousands of workers and injected with billions of investment dollars, is now experiencing a turn of the market. Exploration for new wells has quickly decelerated as oil prices have dipped to record lows, adversely rippling across local economies. “Hotels that were once booked solid for months are about half occupied. Some of the new luxury apartments built to handle the surge of arrivals are dark… the slowdown opens an uncertain second chapter for a region that has spent heavily on new roads, schools, hotels and developments over the past five years.” (New York Post: Williston, N.D.) 59 oil and gas companies are now bankrupt, thousands are out of work and this is anticipated to be only the first wave. DWC recognizes the immediate and long-term affect of specific declining markets and offers assistance for impacted operating companies and distressed real estate assets. Whether an existing shopping center, a partially constructed hotel or a soon to be delivered multi-family project – that will likely fall short of required returns – DWC has a 27 year legacy as being a trusted fiduciary.
DWC recognizes the immediate and long-term affect of specific declining markets and offers assistance for impacted operating companies and distressed real estate assets. Whether an existing shopping center, a partially constructed hotel or a soon to be delivered multi-family project – that will likely fall short of required returns – DWC has a 28 year legacy as being a trusted fiduciary.
DWC is the nationwide authority managing troubled matters, preserving and protecting assets. To date, receivership assistance has been provided in over 1,200 matters involving assets valued in excess of $15 billion in 35 states – offering unmatched experience and service.
Sheppard Mullin — April 4
Douglas Wilson Companies will be joining Sheppard Mullins for Padres opening day at Petco Park, in San Diego, CA, April 4.
Bisnow — April 7
Bisnow will be hosting an April 7th breakfast “Future of the Cali Baja MegaRegion”, in San Diego, CA.
Urban Land Institute (ULI) — April 12
Nicholas Wilson will be attending the ULI April breakfast focusing on “Demystifying the Newhall Ranch Supreme Court Ruling: How this will affect the future of land development”, in San Diego, CA, April 12.
Downtown San Diego Partnership (DSDP) — April 14
Douglas Wilson and Michele Vives will be attending DSDP’s April breakfast, “Downtown Sports, Entertainment, and Convention Center Complex Breakfast Panel”, in San Diego, CA, April 14.
Burnham Moores Center For Real Estate — April 15
Michele Vives and Matthew Yunker will be attending Burnham Moore’s South County Economic Development Council’s (SCEDC) Public-Private Financing and Business Incentive Forum on April 15 in San Diego, CA.
Crittenden — April 17 – 19
Crittenden will be hosting its National Real Estate Conference in San Diego, CA, April 17 – 19.
Urban Land Institute (ULI) — April 19 – 21
Douglas Wilson will be attending ULI’s Spring Meeting in Philadelphia, PA, April 19-21.
Douglas Wilson will be the featured speaker for a lunch on March 3rd, hosted by the Urban Land Institute (ULI). Mr. Wilson will be sharing his copious experience, career path and opportunities that have paved the way for establishing Douglas Wilson Companies and maintaining success for over 25 years. Doug has been a member of ULI for over 30 years and a member of the Urban Development/Mixed-Use Council.