Two properties located in the City of Palm Desert, California, consisting of 81 acres and 10.5 acres of raw land respectively.
Douglas Wilson Companies (DWC) was engaged to operate, manage, preserve and maintain the land entitlement projects.
During the term of the receivership, the storm drain inlets that had been buried were cleared; the property was enclosed with dust control fencing; a qualified environmental consultant was engaged to provide site observation services in order to further comply with Air Quality Management District requirements; and further stabilization work needed was identified and recommended. DWC resolved a road improvement property dispute with the neighboring land owner and the city of Palm Desert to enhance the value of the Palm Desert North 80 property. DWC also facilitated the payment of commercial facilities district taxes in order to prevent foreclosure on the Desert Forum property by the Special Tax District.
The Receiver was discharged.
Palm Desert North 80 & Palm Desert Forum
Superior Court of the State of California, Riverside County
Palm Desert, 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