Douglas Wilson Companies Spring 2018 Newsletter

More documents

Recommendations

Info

WHITE-COLLAR CRIME THRIVES ON A FROTHY ECONOMY Problem Resolution & Fiduciary Services Scams & frauds tend to flourish during good times. Returns flow in nicely, camouflaged by overall economic prosperity, soaring markets & record real estate values. Red flags may go unnoticed until it’s too late. Since 1990, DWC has untangled a number of frauds and Ponzi schemes in its White Collar Crime Prosecutions 11,500 8,625 5,750 2,875 role as a court-appointed Receiver. These crimes don’t just hurt individuals, families and businesses, but cause great harm to the wealth and resources of the nation. As today’s frothy economy starts to inevitably abate, DWC is gearing up for an uptick in the discovery of white-collar crime. 0 -1 1990 1995 2000 2005 2010 2015 *Shaded areas indicate recession 3% 2 1 0 Leading Index for the U.S. Large-scale financial fraud in health care is of particular concern, with Medicare and Medicaid malfeasance in the crosshairs of federal prosecutors. Likewise, we see criminal justice resources focusing on opioid fraud and abuse detection. Also emerging as a threat to the integrity of the country’s financial system is the illegal manipulation of securities markets. Some of the most damaging cases involve a scheme called “spoofing”: the illegal practice of placing an order for a futures contract that the trader does not intend to execute. RECENTLY, THE DEPT. OF JUSTICE CHARGED EIGHT INDIVIDUAL FOR MANIPULATING FUTURES MARKETS AND BROUGHT THE LARGEST FUTURES MARKET CRIMINAL ENFORCEMENT ACTION IN HISTORY. Earlier this year in San Diego, Deputy Attorney General Rod Rosenstein addressed the American Bar Association’s National Institute on White Collar Crime who spoke on such issues. DWC was honored to attend as newly inducted members of the National Association of Federal Equity Receivers (NAFER). CONNECTING DWC Team on the Move FOCUS ON EXPANDING OUR ADVISORY SERVICES PLATFORM Real Estate Advisory Services DWC CEO Douglas P. Wilson and President John L. Morrell have been formally inducted into the National Association of Federal Equity Receivers (NAFER), an elite organization for receivers and legal counsel dealing with remedies for white-collar crime that are subject to federal jurisdiction. DWC Chief Operating Officer Nicholas Wilson has been appointed as a director of the California Receivers Forum, Los Angeles/Orange County chapter. DWC Senior Managing Director Michele Vives was showcased as one of the Most Influential Female Professionals in San Diego County by The Daily Transcript, San Diego’s weekday newspaper focused on business and real estate news since 1882. With DWC’s long heritage working on complex real estate matters on a national basis, the current focus to expand our advisory services platform is a natural evolution for the firm. Our clients have varied over the years and have included family offices, REITs, private foundations, banks, special servicers and private equity firms. Upon historic review, we have found that the following three areas are at the center of most assignments. ENTITLEMENTS The ability to navigate the increasingly complex process of securing and/or preserving entitlements is the foundation of any real estate project. Great value is created (especially in California) when entitlements are approved which is typically a long process that combines the ability to manage a process that often involves a dozen different city, county and federal agencies. Additionally, local planning groups are often a key part of the process as their support helps on all levels from staff support to political endorsement. MANY LOOK TO DWC AND OUR INDUSTRY LEADING TEAM OF EXPERTS TO PROVIDE VALUE TO THEIR PROJECTS. ENVIRONMENTAL There are few projects that do not have some form of environmental issue. This is particularly relevant on urban properties that are in the path of new development. Our extensive experience with coordinating the proper professionals to evaluate an environmental situation and devise and monitor the appropriate remediation plan continues to be an active part of our advisory services. NAVIGATING AGENCIES An active part of the majority of our assignments has been the ability to coordinate the variety of governmental agencies that are often involved in our assignments. Understanding how to deal with the various agencies requires the ability to respect their process but to remain focused on achieving the desired end result. For additional information on DWC’s Advisory Services, please contact Douglas Wilson at (619) 641-1141 or dwilson@douglaswilson.com. SPRING 2018 | DOUGLAS WILSON COMPANIES
REAL ESTATE TRANSACTIONS Brokerage DWC’s brokerage team remains focused on brokering unique assets for public and private entities. Three recent transactions illustrate the team’s capabilities in sell/leaseback, taxdeferred, multi-market property exchanges. For additional information, contact Alan Scott at (619) 906-4356 or ascott@douglaswilson.com Sell/Leaseback Industrial Complex San Diego, California Recently SOLD! DWC brokerage worked with one of San Diego’s premier arts organizations to handle a sell-leaseback on a 37,316-square foot building, ripe with redevelopment potential. Pitney Bowes Presort Services Building Omaha, Nebraska Utilizing its expertise in tax-deferred, multi-market property exchanges, DWC is working with a long-term client to market and exchange a 92,992-square foot complex. Premier Commercial Nursery Property San Marcos, California Recently SOLD! A turnkey state-of-theart 125,000-square foot greenhouse operation on four acres within San Diego County. AAA Net Leased Facility San Francisco Bay Area, California DWC is currently marketing this single-tenant, NNN leased investment, with potential for future medical or retail uses. Las Vegas 330 E Warm Springs Road Suite B43 Las Vegas, NV 89119 Phoenix 502 South College Avenue Suite 300 Tempe, AZ 85281 San Diego 1620 Fifth Avenue Suite 400 San Diego, CA 92101 San Francisco 50 California Street Suite 1500 San Francisco, CA 94111 SIENNA AT OTAY RANCH - AN UPMARKET SENIOR HOUSING COMMUNITY Senior Living Washington, D.C. 1200 G Street NW Suite 800 Washington, DC 20005 For the past few years, DWC has been creating new business platforms to respond to opportunities created by the aging population: America’s “silver tsunami.” In addition to its Legacy Asset Management division, DWC has introduced a new series of upmarket senior housing in partnership with a best-in-class operator, Milestone Retirement Communities, LLC. This fall, the first of these long-term hold assets - Sienna at Otay Ranch - will open on a vibrant infill site in Otay Ranch in the city of Chula Vista. Sienna will offer 111 units of contemporary living, including 85 apartments for assisted living and 26 units for memory care. Sienna is now accepting reservations and you can find out more at otayranchseniors.com For more information on senior living please contact Michele Vives at (619) 906-4376 or mvives@douglaswilson.com. For More Information Contact: John L. Morrell jmorrell@douglaswilson.com (619) 906 - 4330
Page 1: NEWSLETTER SPRING 2018 SPECIALIZED

Douglas Wilson Companies Spring 2018 Newsletter

Create successful ePaper yourself

Delete template?

Save as template?