A 62,000 square foot, two story historic theater with an approximately 4,000 person capacity, 9,600 square feet of retail space, an 11,200 square foot dance floor, and a surrounding two acre parking lot planned for a high rise Hard Rock Hotel and a commercial office building. The historic theater was renovated in 2007 and currently hosts a variety of high profile music concerts, special events, and awards shows. The surrounding parking lot is also leased for a variety of uses including filming, sign promotions, and special events. During the building’s storied history, hall of fame musicians such as Frank Sinatra, Jimi Hendrix, The Rolling Stones, and Jay-Z performed at the venue.
Douglas Wilson Companies (DWC) was tasked to preserve and protect the property.
DWC’s responsibilities included preserving the value of the collateral, overseeing property operations, investigating the status of entitlements, responding to ongoing litigation, and directing leasing and special event activities in an effort to maximize loan recovery.
The Receiver was discharged.
Superior Court of the State of California, Los Angeles County
Los Angeles, CA
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101