A partially constructed 115 unit, four story residential condominium project with two levels of subterranean parking located in Irvine, California.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked to preserve and protect the collateral pledged to the plaintiff.
DWC’s receivership tasks included being responsibile for completing construction of portions of the building’s life safety systems to correct code violations. DWC brought the building to sale-ready condition, engaged a broker and oversaw marketing efforts.
The property was sold through a receivership sale and the Receiver was discharged.
Superior Court of the State of California, Orange 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