A partially constructed, 183,310 square foot commercial condominium complex supplemented by a 162,000 square foot subterranean parking garage. Located in the Fashion District of Los Angeles, the property is planned for 131 units with a management office on the fourth floor.
Douglas Wilson Companies (DWC), agent for Receiver, was charged to preserve and protect the property.
DWC’s responsibilities included securing the property, identifying and recommending site stabilization easures for life safety concerns, researching the status of entitlements and steps necessary for their preservation and preparing recommendations for disposition of the asset.
DWC executed the tasks as allotted and the Receiver was successfully discharged.
Superior Court of the State of California, Los Angeles County
Los Angeles, 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