Note Foreclosure / Lease to Stabilization
- Gained control of office/retail asset as lender after borrower bankruptcy and note foreclosure
- Executed repositioning and leasing plan to double office and retail occupancy to 95%
- Sold to an institutional investor, resulting in 3X MOIC in 3 years
Central U.S. 1M SF Office
Distressed Asset Special Situation
- Rebranded & repositioned asset
- Delivered & leased 45K sf creative spec suite to launch a marketing program
- Stabilized operations by adjusting the budget, paused $5M of unnecessary capex
- Analyzed parcel separation and multifamily conversion to maximize value on exit
san Diego 240K SF Office
Lease to Stabilization and Exit
- Negotiated and executed 85k SF of new leasing, enhanced BBB credit on 40k SF
- Light-touch, targeted path-of-travel improvements totaling $1.2m; increased FSG rents from $26 to $50 PSF FSG
- Sold to an institutional investor, resulting in 2.7 X MOIC in 4 years
Seattle 5.4 AC Land Site
Entitlement
- Created envelope and massing studies; dedicated view corridors and public use space
- Increased FAR from 8 to 15 and secured City Council approval with a lobbyist
- Sold to a developer, resulting in 5X MOIC in 2 years