This is an attractive property, nicely appointed and excellently located within a desirable area.
San Diego, CA (PRWEB) September 23, 2010
Douglas Wilson, owner of Douglas Wilson Companies (DWC), has been appointed receiver for Laurelwood LLC, a 24-unit condominium building approximately 75 percent complete in Studio City.
“This is an attractive property, nicely appointed and excellently located within a desirable area,” said Douglas Wilson, CEO of Douglas Wilson Companies. “Some of the units have great views of the valley.”
The scope of the receivership includes a review of the insurance coverage and preservation of the $11 million property. Resolution is expected to be complete before the end of the year.
Based in San Diego, Calif., Douglas Wilson Companies operates six offices around the United States, including Washington, D.C., Las Vegas, Miami, Orlando and San Francisco. To date, the company has provided problem resolution for more than 600 projects involving assets valued in excess of $12 billion.
ABOUT DOUGLAS WILSON COMPANIES
Founded in 1989, Douglas Wilson Companies is one of the largest firms of its kind, providing a wide range of specialized business and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITS, financial institutions and property owners nationwide. Services include workout and problem resolution, forensic accounting and litigation support, joint venture investments and development, small business support, brokerage, asset management, crisis/force majeure response, entitlement and construction management.
Douglas Wilson Companies is headquartered at 450 B Street in the financial district of downtown San Diego. For further information, call 619-641-1141 or visit http://www.douglaswilson.com.