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NEC 1st & Alameda

The Client

· Evergreen International Corporation

The Challenge

· Find a qualified investor/developer to purchase nearly 10 acres of development land located in the industrial sector of Downtown Los Angeles at a price never achieved in the area.

The Solution

·         Developed a compelling story for the advantages of purchasing a "fully entitled" development property.

·         Immediately alerted Client when Metropolitan Transit Authority (MTA) pushed through a defective Environmental Impact Report for an aboveground light-rail line that blocked access to the property's two most important access streets.

·         Recommended filing lawsuit blocking development of the light-rail line and seeking significant severance damages.

The Result

· 8 weeks after listing was awarded, 3 offers were presented from 3 qualified investor/developers. City of Los Angeles purchased property for historically high price to resolve pending litigation.

NEC 1st Street and Alameda

9.89 Acres
Value: $43,000,000

Services Rendered

· Historical and Forecast Housing Absorption & Rental Rate Studies

· Financial Analysis & Buyer Qualification

· Property Management

· Contracted Legal Representation

· Sale Negotiation

Account Leader/Chief Negotiator

Mark Tarczynski, Dorothy Chuang, Lew Horne