REAL ESTATE
Untitled Page
Essex, continued ...
The new program combines Essex’s expertise in property management with
receivership and assets services with Essex’s expertise in property
management, leasing and construction management to offer both creditors
and debtors a comprehensive strategy for their holdings.
Spearheading
this new program is Randall C. O’Connell, bringing more than 22 years
of experience in the commercial real estate industry. O’Connell was a
California State Court receiver and has been involved in over $900
million of note purchases from acquisition through asset management and
disposition.
“The time to jump into the commercial distressed
market is right now as we are starting to see the need for receivers
extend from the residential loans into the commercial arena,” says
O’Connell. “Unfortunately, the market is looking like a domino effect
– first impacting condo-conversions and new housing developments and
now severely impacting the commercial market.”
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O.C.'s median home price falls 7 percent from July '08
Essex, continued ...
The new program combines Essex’s expertise in property management with
receivership and assets services with Essex’s expertise in property
management, leasing and construction management to offer both creditors
and debtors a comprehensive strategy for their holdings. Spearheading this new program is Randall C. O’Connell, bringing more than 22 years of experience in the commercial real estate industry. O’Connell was a California State Court receiver and has been involved in over $900 million of note purchases from acquisition through asset management and disposition.
“The time to jump into the commercial distressed market is right now as we are starting to see the need for receivers extend from the residential loans into the commercial arena,” says O’Connell. “Unfortunately, the market is looking like a domino effect – first impacting condo-conversions and new housing developments and now severely impacting the commercial market.”
<< PREVIOUS PAGE
Related headlines
Irvine’s Plaza Bank covers your assets
3000 The Plaza in Irvine acquired by Geoffrey Edmunds & Associates
'OC METRO Minute,' Aug. 28: Online interest in O.C. homes up
Three O.C. homes named among Top 10 Coolest Beach Homes
O.C.'s median home price falls 7 percent from July '08
