Distressed Assets

Description

In March of 2008, work on a partially completed 38-unit condominium project in the Korea Town section of Los Angeles came to a halt.  The Developer filed for bankruptcy and the court appointed the Douglas Wilson Company (DWC) as the receiver for the project with the task of completing the construction and managing the asset until the foreclosure took place.

Client

Douglas P. Wilson Companies

Description

In September of 2008 Legacy and Pacific Scene Development Services provided construction management services to re-start and complete a partially graded subdivision in Sierra Madre, CA for which Douglas Wilson Company had been appointed the receiver. 

Client

Douglas Wilson Companies

Description

Legacy Building Services and Pacific Scene Development Services was retained by California Bank and Trust to conduct due diligence and develop a completion plan for a 55 lot subdivision in Harbison Canyon area of Alpine.  The site work was approximately 60% complete when the project stopped in late 2007. 

Client

California Bank and Trust