Transaction and Dealmaking Projects Archives

Real Estate Project Consultants for School District

San Diego Unified School District | Assistance to administrators of the school district in pursuing a surplus schools disposition program. The San Diego Unified School District held a portfolio of surplus school facility assets, and was interested in regularizing a negotiated disposition process. A “request for proposals,” or RFP, process was recommended, along with methods for generating interest in the portfolio of surplus district assets, methods for pre-qualifying interested third-parties, and a process and approach to ranking proposed business deals submitted by investors and real estate developers.

One of the largest school districts in the U.S., San Diego City Schools serve more than 134,000 students. In operations since 1854 the district has grown from a small, rented school building with one teacher to more than 200 educational facilities with 14,500 full-time equivalent staff positions. This seventh largest urban district in the United States is extremely diverse – including more than 15 ethnic groups and dozens of languages and dialects. Work completed by an SCP principal while with predecessor firm.

Owner Representation Consultants - due diligence consultants

Real Estate Acquisition – Banning Lewis Ranch

24.08.2017 Land Development Consultants, Owner Representation Consultants, Transaction and Dealmaking Projects

NEI / Al Tameer Trading Est. | Acquisition and property management of master-planned landholding on behalf of a major offshore investor client, Banning-Lewis Ranch was purchased from the Resolution Trust Corp. for $18.5 million. The property had been assembled, acquired, and held for development by well-known Colorado entrepreneur Frank Aries, through more than $200 million in investment in infrastructure and land purchases. The property was re-sold several years later for $60 million.

Banning-Lewis Ranch is a highly strategic landholding, existing essentially as the entire direction of growth for metropolitan Colorado Springs, encompassing more than 20 square miles along the city’s eastern edge.

Expansion Feasibility – The Grand Nile Tower Hotel

19.08.2017 Project Consultants for the MENA Region, Transaction and Dealmaking Projects

Capital program due diligence including market study with financial projections, to support financing plan for capital improvements program. In connection with hotel manager’s capital improvements recommended for this destination “city center” luxury resort hotel in the heart of Cairo along the banks of the Nile River. An update to prior due diligence and feasibility report was completed for this major refurbishment project.

The hotel is located in downtown Cairo at Corniche El Nil Roda Island, Garden City, Cairo, Egypt.

Feasibility and Due Diligence Consultants - Transaction Consultants and Negotiators

Hotel Portfolio Due Diligence

24.08.2012 Due Diligence Consultants, Project Consultants for the MENA Region, Project Consultants for Tribes and First, Property inspection services, Transaction and Dealmaking Projects

We provided hotel portfolio due diligence for a group of Hyatt Regency hotels located in Saudi Arabia, each of which has since been reflagged. As due diligence consultants’ our work was performed as part of the global real estate asset management practice at Newfield Enterprises International (a family office).

The engagement involved a portfolio of existing Hyatt Regency hotels operating in Saudi Arabia, for potential portfolio acquisition by client. Each of the portfolio hotels was luxury class and in superb locations within their separate trade areas. The due diligence report included an evaluation of competitive hotels, management contract review, and an analysis of each facility’s sales and operating history. Departmental staffing and profitability and 10-year EBITDA projections were also prepared, as part of the work.

One of the hotels (shown in accompanying photo) has since been re-branded as a Radisson Blu). The other portfolio hotels have also since been rebranded.

The hotel portfolio due diligence was prepared for Al Anwae Trading Est. (Riyadh), a family office. Along with Al Tameer Trading Est. (Jeddah), the two family trading companies owned Newfield Enterprises International as an extension of their respective family offices.

Pacificana New Town

15.06.2012 Land Development Consultants, Master Planned Community Developments, Transaction and Dealmaking Projects

Pacific Rim Land Inc. | StoneCreek provided disposition support to the owners of this major 4,324-acre landholding with entitlements in place to support a new town development. The South Korea-based landowner had encountered cash flow difficulties in the midst of its pre-development efforts. The property was planned as a “new town” with a blend of traditional and contemporary master design approaches integrated through a comprehensive open space system.

Work effort included preparation of an updated master plan, offering memorandum documents, solicitation to and negotiations with prospective buyers, and overall property disposition efforts. StoneCreek was successful in identifying a prospective purchase for the property with an offer presented, which the landowner declined and elected to move forward with a bankruptcy filing. The purchaser’s offer would have provided a profit to Pacific Rim Land. Pacific Rim Land Inc. was an affiliate of Sun Rise Development Co. Ltd. based in South Korea, beneficially owned by Ju Young Kang.

The discovery of gold in the Kern River in 1851 brought substantial interest from those headed from the East Coast, in the Bakersfield-Kern County region. Since its early beginnings, the mountainous range of the San Bernardino Valley has been known as an area where new trails are blazed in this vast region.