“We are very attentive to the uptick in the senior living market and are dedicated to committing the resources necessary to develop a successful senior living portfolio”

– Douglas Wilson

Irvine, CA, May 10, 2017 – In its exclusive representation of a joint venture between Douglas Wilson Companies and Milestone Retirement Communities, LLC, Cushman & Wakefield Senior Housing Capital Markets raised over $8.3 million of institutional equity capital as well as nearly $22 million in construction debt financing for a 111-unit assisted living and memory care development in Chula Vista, California. The project is located in the newly developed and affluent master planned community of Otay Ranch which boasts exceptional income and home values as well as premier access to Downtown San Diego. Construction on the site is slated to begin in May 2017 with an anticipated opening in the fall of 2018. “We are very attentive to the uptick in the senior living market and are dedicated to committing the resources necessary to develop a successful senior living portfolio”, said Douglas Wilson.

Otay Ranch Development

The community will consist of a two-story building on a 4.5-acre site situated along a major transportation route in an amenity-rich neighborhood with strong school systems and pedestrian friendly streets. The project will offer 85 AL units and 26 MC units and include luxury amenities for its residents. Milestone Retirement Communities will manage the property. Wells Fargo is providing the construction loan.

The Cushman & Wakefield team involved in the transactions included Executive Managing Director Rick Swartz, Executive Director Jay Wagner, Senior Director Aaron Rosenzweig, Director Jim Dooley and Associate Alex Petrosian. “The tremendous growth that is occurring in this dynamic submarket of San Diego County, combined with the strength of the Douglas Wilson Companies-Milestone Retirement Communities partnership, made this a very attractive opportunity for the equity partner and for Wells Fargo” Swartz said. “We anticipate the partnership’s relationships with both of these groups to grow significantly in the coming years.”

For more information or future senior living opportunities please contact Michele Vives at (619) 906-4376.

Signaling the expansion of its national fiduciary, advisory and real estate platforms, Douglas Wilson Companies (DWC) has appointed John Morrell as President.

img_2177 A business attorney with over 30 years of experience in insolvency and commercial law, Morrell has spent the past 20 years as Managing Partner and Chairman at San Diego-based Higgs Fletcher & Mack, where he will continue his affiliation as its Chairman Emeritus.

“I met John shortly after he started his legal career in 1985 and we’ve collaborated successfully on a number of matters over the years,” said Douglas P. Wilson, chairman and CEO. “Although John no longer plans to practice law, his legal and management background will be a considerable asset to our clients.”

Now in its 28th year, DWC provides a unique range of specialized business, workout and real estate services to financial institutions, law firms, property owners and the courts. Morrell’s expertise in dispute resolution and business turnarounds complements and expands the company’s capabilities to serve future new markets and entrepreneurial opportunities.

“WE’RE GEARING UP FOR WHAT WE SEE AS AN IMMINENT, UNPRECEDENTED TRANSITION OF WEALTH FROM THE BABY BOOMER GENERATION TO ITS ADULT CHILDREN,” SAID WILSON. “INEVITABLY, AND UNFORTUNATELY, SUCH A MAJOR SHIFT OF ACCUMULATED WEALTH WILL CREATE A VARIETY OF DISPUTES CONCERNING OWNERSHIP, CONTROL, MANAGEMENT AND DISPOSITION OF ASSETS. WE BELIEVE JOHN’S EXPERTISE WILL HELP OUR CLIENTS AVOID THE PITFALLS OF SUCH DISPUTES.”

Morrell’s background includes his stewardship in establishing the Higgs Fletcher & Mack Chapter 11 practice 32 years ago, after completing his federal judicial clerkship through the U.S. Bankruptcy Court, Central District of California. Over his distinguished career, he served as the lead attorney in some of the firm’s largest cases and helped grow San Diego’s oldest law firm into one of California’s most dynamic and practice diverse firms.

Morrell received the University of San Diego School of Law’s Distinguished Alumni award in 2015 and the U.S. Bankruptcy Court’s Mediator of the Year award in 2007. He has served both the San Diego County Bar Association as vice president and director, and the San Diego Bankruptcy Forum as its president and director. He currently presides as president of the Downtown San Diego Rotary Club.

Morrell assumed his new position this week in the San Diego headquarters of DWC overlooking Fifth Avenue in downtown San Diego.

May Events

by admin on May 1, 2017

Urban Land Institute (ULI) – May 2-4
ULI is holding its Spring Meeting in Seattle, Washington.  Douglas Wilson will be attending.

South County Economic Development Council (SDEDC) – May 4
SDEDC sponsored a bus tour of San Ysidro, California exploring the demographics and potential revitalization of the San Ysidro community.  Nicholas Wilson is attending.

Gensler – May 10
Gensler is holding the Grand Opening of their New Studio in San Diego, California.  Douglas WilsonNicholas Wilson, Michele Vives and Michael Brekka are attending.

Commercial Real Estate Finance Council (CREFC) – May 9-10
CREFC is hosting their Commercial Real Estate Finance Summit –West in Santa Monica, California. John Morrell and Nicholas Wilson are attending.

Downtown San Diego Partnership (DSDP) – May 11
DSDP is hosting its Contractors’ Mixer in San Diego, California; Nicholas Wilson and Michele Vives will be in attendance.

Information Management Network (IMN) – May 16-17
IMN is hosting its 5th Annual Real Estate CFO & COO Forum (West) in San Diego, California. Nicholas Wilson will be attending.

California Bankruptcy Forum (CBF) – May 19-21
CBF is holding its 29th Annual Insolvency Conference at Coronado, California; Douglas WilsonNicholas Wilson, and John Morrell will be in attendance.

April Events

by admin on April 1, 2017

Urban Land Institute (ULI) San Diego / Tijuana – April 20

The Young Leaders of ULI are hosting a Happy Hour at Coasterra where David Cohn of Cohn Restaurant Group is speaking. Nicholas Wilson and Michele Vives will be attending.

March Events

March 1, 2017

Downtown San Diego Partnership (DSDP) – March 2 DSDP will host its annual installation dinner in San Diego, CA.  Douglas Wilson, Nicholas Wilson and Michele Vives will be attending. University of San Diego (USD) – March 2 USD is hosting Burnham-Moore’s 21st Annual Real Estate Conference in San Diego, CA. Michael Brekka and Nicholas Wilson will be attending. California Receivers Forum (CRF) – […]

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February Events

February 1, 2017

Mortgage Bankers Association (MBA)/Commercial Real Estate Finance (CREF) – February 19-22 MBA/CREF is hosting its 2017 Commercial Real Estate Finance/Multifamily Housing Convention & Expo in San Diego, CA, which Douglas Wilson and Nicholas Wilson will be in attendance. Urban Land Institute (ULI) – February 23 ULI Arizona is hosting its annual 017 Arizona Trends Day, in Scottsdale, AZ, […]

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January Events

January 4, 2017

Commercial Real Estate Finance Council (CREFC) – January 9-11 Douglas Wilson and Nicholas Wilson will be attending the annual CREFC Industry Leaders Conference in Miami Beach, FL. Bisnow – January 17 Nicholas Wilson will be attending their breakfast program. Information Management Network (IMN) – January 18-20 IMN is hosting its 14th Annual Winter Forum on Real Estate Opportunity and […]

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December Events

December 1, 2016

University of San Diego (USD) – December 8 Nicholas Wilson is attending USD’s Burnham-Moore’s Residential Real Estate Outlook Conference in San Diego, CA. San Diego Bankruptcy Forum (SDBF) – December 8 SDBF hosts its Annual Judges Roundtable, in San Diego, CA, which Douglas Wilson and Nicholas Wilson will be attending. Bisnow – December 13 Bisnow’s breakfast, “2017 San Diego […]

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Monterey Place Grand Opening Success

November 15, 2016

We are pleased to announce an outstanding Monterey Place Grand Opening event this past Saturday, hosted by Douglas Wilson Companies and Bennion Deville Homes. Visitors witnessed the ceremonial cutting of the ribbon and were treated to street tacos  and entertainment for children. In attendance was Chula Vista’s director of economic development who praised the project […]

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November Events

November 2, 2016

Urban Land Institute (ULI) – November 8 ULI is hosting a breakfast, “Trends in Student Housing”, in San Diego, CA, Nicholas Wilson will be in attendance. San Diego Bankruptcy Forum (SDBF)/Douglas Wilson Companies (DWC) – November 16 SDBF and DWC will be hosting their annual holiday mixer in San Diego, CA, all of the DWC team […]

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