Coreland Awarded Over 1.2 Million SF in Court-Appointed Receivership Service Assignments and Management Contracts During 2nd Quarter
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.
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October 6, 2009 (FPRC) -- TUSTIN, CALIF. – Coreland Companies of Tustin, Calif., one of the largest private real estate service companies based in California, announced today that Coreland's Principal Patrick Galentine has been appointed State Court Receiver in matters involving four assets located in Southern California totaling 1,231,000 square feet 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.
The properties include: a one million-square-foot industrial distribution facility in Fontana; University Village in Riverside, a 200,000-square-foot shopping center located across from University of California, Riverside; Diamond Executive Suites, a 7,000-square-foot executive suite building in Ontario; and La Puente Pavillion, a 24,000-square-foot neighborhood shopping center in La Puente.
"Coreland’s combination of extensive experience with distressed assets as well as our current service platform, which includes Receiver, management and brokerage services, enables our firm to customize a strategy that best suits each asset, regardless of the property type, to accomplish our client’s goals," said Coreland’s President Chris Hite.
About Coreland Companies
Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California. For more information, please call the company’s headquarters at (714) 573-7780 or visit www.coreland.com.
Send an email to Anne Monaghan of Monaghan Communications
949-722-2933
Keywords:
Coreland property management, State Court Receiver, real estate owned
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