Celebrating 25 Years at DWC: Senior Managing Directors Brad Ebright and Terry Plowden
This article is featured in the Spring 2017 Newsletter. To view the full newsletter click here.
From high profile ski resorts, hotels and golf courses, to tomato farms and lumberyards; from outlet malls and mega-retail centers, to condos and Class A office towers … Brad Ebright and Terry Plowden have seen it all.
Scores of court-appointed fiduciary assignments – and all that comes with them – have landed on their desks since the early days of DWC back in 1991. Through diligence and professionalism, they have effectively managed hundreds oftentimes contentious, cases with favorable outcomes.
“Having two such high quality professionals with our firm for 25 years underscores the character and integrity of the organization,” says Doug Wilson in reflecting on the careers of Brad and Terry. “They’ve handled some of our trickiest cases and are still in the thick of it.”
We asked Terry and Brad to pick their most challenging assignment over the past 25 years.
Here’s what they said:
Hands down, the most complex and interesting project I’ve worked on over the past 25 years involved the completion of construction of a 270,000 square foot built-to-suit office and research facility for NOAA, the National Oceanic and Atmospheric Administration, located adjacent to the University of Maryland campus. The property’s developer handed the keys back to its lender mid-construction and walked away. As receiver, we settled over 100 mechanic’s liens, resolved the existing lease dispute with the General Services Administration, hired a qualified contractor and, with funding from the lender, completed the construction of the Level 4 security building. This project required weekly travel to the East Coast over 18 months. It was rewarding to see the building resurrected from its dormant state to being complete and functioning as designed.
The most challenging project I’ve worked on in 25 years at DWC is the one I’m working on right now. We acquired the unimproved 52-acre Sweetwater Vistas site nearly three years ago. Located in the community of Spring Valley, an unincorporated area of San Diego County, we are nearing the end of a lengthy process of re-entitling this former destination resort site for 218 multi-family residences. Working in concert with County planners and State and Federal Wildlife Agencies, we have committed to place 28 acres of the property into biological open space. We have also worked closely with the Spring Valley Community Planning Group and nearby residents in an effort to arrive at a development plan responsive to community concerns. We are on our way to the Planning Commission this fall and the Board of Supervisors for final approval this winter.