StoneCreek Partners worked with the Morongo Band of Mission Indians to prepare a comprehensive economic development strategy for the Native American tribe’s vast landholdings and casino in Cabazon (Palm Springs, California area).
The economic strategy included a master plan and land development strategy for all lands along the interstate that leads in and out of Palm Springs. Phase 1 conceptual plans included relocation of the tribe’s existing casino, into the heart of a new master-planned development. Casino Morongo Resort & Spa, a 304-room hotel with 113,000-square-foot casino, was subsequently constructed by Perini Building Company.
Acting as a real estate consultant for this planned facility, work included overall project feasibility, operations staffing, facility recommendations, and financial projection to support the financing for skilled nursing facility to be developed in Las Vegas, Nevada.
Due diligence services were provided in support of client’s underwriting efforts, in connection with a proposed investment in Calhoun Beach Club’s major renovation and expansion.
Calhoun Beach Club is a well-known local athletics club, social club, luxury apartment complex, and social banquets location, overlooking Minneapolis’ scenic downtown lakes. Located on the shores of Lake Calhoun, in one of the finest Minneapolis neighborhoods, Calhoun Beach Club is an experience unlike any other you?ll find in the region. Just minutes from downtown and easily accessibly from area suburbs, the club is at the heart of a network of parks and tree-lined lakes with miles of running, walking and biking paths at your doorstep.
Financial analysis and prototypical deal structuring for a planned office tower to be developed along the Wilshire Corridor in Los Angeles, California. Analysis included impact of tenant leasing program, leasing velocity, lease roll-overs, and the like. Project investment returns were tested for an array of scenarios regarding inflation, months vacant upon roll-overs, and rental step-up lease provisions. IRR analysis included review of sensitivity of different contribution components of partitioned rates-of-return.