A portfolio of 5 separate multi-family apartment projects in greater Long Beach, CA; an 18.3 acre commercial zoned development site in San Marcos, CA; a 20.3 gross acre residential subdivision development site located near Escondido, CA; an 18,000 square foot office and retail building located in San Pedro, CA; and a 9 building, 43,940 square foot, cold storage and food processing facility located in Southeast Los Angeles, CA.
Engaged as exclusive listing agent to value all assets, make pricing recommendations, and set “strike prices.” The engagement included the authorization to accept offers subject to court approval and overbid procedure.
Marketed and managed the sale of each property including contract negotiation and documentation, escrow and title coordination, bankruptcy court approval, and close of escrow.
All properties were sold above minimum thresholds and all sales were approved by the bankruptcy court. The total dollar consideration recovered exceeded $18M.
Galletti Brothers Portfolio
Douglas P. Wilson
Escondido and San Marcos, 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