As part of a large mixed-use development, the property consists of one (1) four story office building (107,391 square feet), one (1) restaurant building (7,227 square feet) and excess land currently being used as surface parking.

Project Description

Douglas Wilson Companies (DWC) was tasked to take possession and control of all real and personal property known as the Rainbow Sunset Pavilion. All properties were vacant of any tenants due to neglect by the owner.

Scope of Work

The property was called Rainbow Sunset Pavilion, DWC managed the day-to-day operation of the property ensuring smooth and efficient operation across the entire building system. To ensure that tenants are satisfied and ensure continued occupancy, DWC reinstated all building amenities and services previously removed from the property’s owner. In addition, the company was able to negotiate the signing of a letter of intention with the largest tenant to lease 60 percent in the structure which will strengthen the property’s rental position and its overall value.

Project Resolution

The receiver was discharged.

Project Name

Client

Eighth Judicial District Court, Clark County, Nevada

Location

Las Vegas, NV

Service Provided

    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.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com