Rents & Profits

U. S. Bank vs. Las Vegas Plaza, LLC

Chief Liquidating Officer in a failed bankruptcy plan of reorganization. The subject property was a strip mall in Las Vegas. We stabilized tenancies and acted as seller. The sale of the property was completed x months after being appointed and the net operating income of property was paid to the secured creditors.

Neelam Salhotra and Prem P. Salhotra, M.D. v. Suresh Shah

Served as receiver in connection with a partnership dispute regarding a 90,000 square foot commercial building located in Yucca Valley, CA. Constructed complex tenant improvements and obtained Certificates of Occupancy. Increased occupancy and cash flow. Effectuated an apportionment of the property to the litigant partners.

Wells Fargo vs. Sargent

Non-judicial foreclosure action on strip mall in Glendora. Enforced rent collections and stabilized property.

Banco Popular North America vs. Eagle Point Development, LLC

Non-judicial foreclosure action on several commercial buildings in Palmdale. Stabilized property and evicted non-paying tenants.

Banco Popular vs. Milliani, LLC

Class B grocery anchored strip mall in Yorba Linda. Replaced management and enforced terms of leases. Assisted with due diligence which resulted in sale of the property.

Thrivent Financial for Lutherans vs. Finco Partners

Judicial foreclosure action on five building 70,000 square foot multi-tenant office and retail complex in Rancho Mirage.

Indymac Bank vs. Duarte

Judicial foreclosure action on mixed used apartment retail project in blighted area of Fresno. Tenants were living in total squalor and there were significant health and safety violations. Takeover required an armed property manager. Restored utilities and maintenance services. Began rehabilitation of property. Lender sold its position to a note buyer who assumed possession of the property and continued the rehabilitation started by the receiver.

Banco Popular vs. Navarro

Multi-tenant office building in Downey.

Prudential Insurance vs. JSM et al

Served as receiver in a judicial foreclosure action on a $250 million loan. Collateral consisted of 11 apartment complexes in Santa Monica comprised of 611 units. Increased occupancy from 72% to 92%. Lender paid in full.

Comerica vs. Genesis Properties

Class A office building, 85,000 rsf. Enforced leases, prosecuted unlawful detainer actions, dramatically raised rent collections from $4,000 per month to $80,000 per month in three months, assisted with new lender’s due diligence, plaintiff paid in full. Served as receiver twice!

BC Peak Holdings vs. Sung Koo Lee

Inner-city retail. Dirty. Rehabilitated building, resolved code enforcement problems re-wrote all leases, achieved 100% occupancy at higher rates. Note buyer (Plaintiff) made 100% profit on note purchase due to rehabilitation of property by receiver.

Boeing Realty Corporation vs. Lee et al

Koreatown retail. Cleaned up. Enforced rent and triple net collections. Renegotiated leases. Lender foreclosed, recovered full value of loan +. Highly adversarial.

Principal Life Insurance Company vs. Inmostrat Corporation

Riverside retail, dark anchor, hazardous materials issues. Stabilized, lease termination negotiations. Reconciled three years of triple net expenses. Efforts lead to sale of property at full note value after foreclosure.

Roll vs. Principal Life

Class B office west side. Raised occupancy from 60% to 98%, raised rents 35%. Seismic and numerous other physical problems. Obtained letters of credit from new tenants for leasehold obligations; two of which were drawn upon later.

John Hancock Life Insurance Company vs. Financial Plaza North

Brought in pro per motion to compel turn over of books and records and enforced Court’s orders.

GMACCM vs. Manning, et al

Class B office. Settled eminent domain action, got engineering concessions to lessen impact of taking, increased cash proceeds from same.


Class B office building (vocational school). Successfully brought true ex parte motion without counsel second day as receiver which resulted in unexpected recovery of post default, pre-receiver rents ($350,000).

Manufacturers Life vs. Mira Costa Partners

Suburban Class B office/retail. Stabilized leasing, managed after foreclosure, raised caliber of tenants, eliminated un-desirable uses, consolidated leased premises, sold for top dollar in excess of loan.

Yasuda Trust vs. Bonita Properties

Extremely large 660,000 r.s.f. industrial engineering complex formerly occupied by aerospace giant. Successful negotiations of premises restoration issues led to large cash windfall to note holder.

Teachers Insurance vs. Wilshire Bundy Plaza

Class “A”, 14-story Westside-Los Angeles office building of 289,000 rsf. Increased occupancy and raised rents during foreclosure process.