Press releases for state court receiver

Coreland Provides Disposition, Receivership & Property Management Services and Sells REO Industrial Property for $9,925,000 (2009-10-14)
Coreland Companies represented the seller in the sale of a lender-owned industrial complex at 9220 Hall Road in Downey, Calif. The purchase price was $9,925,000. Located on 7.1 acres, the sale consisted of 45 industrial condo units encompassing 174,380 SF and situated in a newly completed 50-unit industrial development. Prior to the sale, Coreland Principal Patrick Galentine was appointed State Court Receiver in matters involving the asset. Coreland Companies was named property manager during the receivership period, and Coreland’s brokerage department provided a strategic oversight role for the property’s disposition.

Coreland Awarded Over 1.2 Million SF in Court-Appointed Receivership Service Assignments and Management Contracts During 2nd Quarter (2009-10-06)
Coreland's Principal Patrick Galentine has been appointed State Court Receiver in matters involving four assets located in Southern California totaling 1,231,000 sq. ft. of retail, office and industrial space. Additionally, Coreland Companies will be responsible for the property management during the receivership period. Earlier this year, Coreland was awarded over one million square feet in property management contracts; nearly half of the new assignments were on behalf of state court-appointed receivers.

Coreland Awarded Over 1 Million SF in Management Contracts During 1st Quarter including Nearly 500,000 SF in Court-Appointed Receivership Service Assignments (2009-05-27)
Coreland has recently been awarded over one million square feet in property management contracts. Nearly half of the new assignments are on behalf of state court-appointed receivers. Coreland President Chris Hite says, "Coreland's combination of past experience with distressed assets as well as its current service platform enable the firm to customize a strategy that best suits each asset, regardless of the property type and status."

Coreland Principal Patrick Galentine Appointed on Two New Receiverships (2009-01-19)
Coreland’s Principal Patrick Galentine has been appointed State Court Receiver in matters involving two assets located in Southern California. Coreland Companies will be responsible for the property management during the receivership period. Coreland’s combination of past experience with distressed assets as well as its current service platform and deliverables enable the firm to customize a strategy that best suits each asset, regardless of the property type.