Portfolio Buildings

Manning, Estina |Owner and Development Manager.

These residential buildings were part of the Portfolio.  Both required repositioning or renovation and were eventually sold in bulk or unit by unit.

Park Wilshire | Owner, Development Manager

  • Condo building sat for years with rusting steel structure and no construction progress.

  • In 1988-1989, the building redesign was completed, and the structure was enhanced and post-tensioned. The public space interiors and programming were more like a lobby of an ultra-luxury hotel than a residential experience.

  • A lingering development logjam was solved by satisfying the workforce housing requirements by using these units as a place to live for professors and coaches being recruited to work at UCLA. This unlocked the value of the Project.

  • The redeveloped building yielded a sales price twice the existing market per SF and was a very successful Project with much faster absorption than the 2 immediate competitors.

Hilton Anaheim  |  Owner and Development Manager

  • This Portfolio Project was on land leased from the City of Anaheim and under construction but had been stalled for several months.

  • We finished the building, post-tensioned the parking structure, opened the 1,563-key hotel and according to the restructured agreement with the City, ultimately purchased the land from the City as triggered by the LBO.

  • A DDRM partnership owned the hotel for 23 years and sold it in April of 2007.

Sheraton Park |  Owner and Redevelopment Manager

  • This Portfolio Project was operating as a 400 key hotel next the Hilton Anaheim and was subject to a difficult land lease.

  • We upgraded the interiors and sold the hotel in 1986 for a substantial profit.

Hilton LAX | Owner and Project Manager

  • This Portfolio Project was a massive operating 1,300 key hotel and 800,000 SF mixed-use office (mostly empty), retail and airport parking facility and was not fully completed.

  • A coordinated redesign along some hotel public space upgrades, added parking and a foreign product mart were created and rolled out as cohesive mixed-use Project (“Centroplex”).

  • The entire project along with the hotel was sold to a syndicator at a substantial profit in 1985.

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