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.
Project Description
Douglas Wilson Companies (DWC), agent for Receiver, was charged to preserve and protect the property.
Scope of Work
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.
Project Resolution
DWC executed the tasks as allotted and the Receiver was successfully discharged.
Project Name
Stanford Regency
Client
Superior Court of the State of California, Los Angeles County
Location
Los Angeles, CA
