55,561 square feet of retail space in San Diego, California.
Douglas Wilson Companies (DWC), as agent for the Receiver, was tasked to take possession and control of all real and personal property associated with the development. After working with the parties, the Receiver was granted the additional authority to market and sell the property.
DWC managed the day-to-day operations, project accounting, and lease negotiations associated with the property’s existing tenant base. Working in concert with a local broker, and as stipulated by all the lien holders, DWC sold the property to a Southern California investor, OminNet Capital.
DWC was able to successfully return the bank 100% of its secured lien and approximately 50% of money owed to a junior lienholder.
Serra Mesa Shopping Center
Superior Court of the State of California, San Diego County
San Diego, 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