Three substantially complete industrial condominium buildings planned for 16 units and an unimproved area planned for the development of additional buildings on a commercial land parcel of approximately four acres located in the unincorporated area of Corona, Riverside County, California.
Douglas Wilson Companies (DWC) was charged to preserve and protect the property.
DWC’s responsibilities included securing the property, identifying and recommending site stabilization measures for life safety concerns, weed abatement, regrading and repair of the eroded parkway, removing unauthorized occupants residing on the property, researching the status of entitlements and steps necessary for their preservation, and preparing recommendations for disposition of the asset.
The business park was foreclosed upon and the Receiver was successfully discharged.
Polytek Corona Business Park
Superior Court of the State of California, Riverside County
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