The San Diego-based firm is one of the largest firms that work with troubled real estate and operating businesses. Locally, the firm is currently the court-appointed receiver for Valco Fashion Park, a 1.4-million-sf regional mall in Cupertino that the lender, TIAA-CREF, bought back at auction last year for debt.

Company President and CEO Douglas Wilson tells GlobeSt.com at least two more office buildings and a hotel in the Bay Area are headed for his receivership. "In the next 12 to 36 months, there will undoubtedly be more displaced real estate assets and businesses," says Wilson. "Our clients, primarily bankruptcy attorneys and financial institutions, have many assets on their watch list."

Running the San Francisco office will be Regional Managing Director Kevin Cavanaugh, whom Wilson met while acting as the co-receiver for the liquidating trust set up to dissolve Burnham Pacific Properties. Cavanaugh, a CPA, was a vice president with Burnham, directing a $120 million annual budget and overseeing liquidation of the company's $1 billion commercial real estate portfolio. "He had a great skill set and was actively present in the market, so it made a lot of sense," says Wilson.

Douglas Wilson Cos. specializes in problem resolution, consulting, receiverships, and conflict resolution services. Since its founding in 1989, the firm has handled 400 matters for properties valued at nearly $4 billion.

Wilson tells GlobeSt.com that when the economy is good and there's not much need for workout skills, the company spends its time developing office, hotel, residential, and industrial for its own account in order to "prosper in all real estate market cycles."

Instant Insights /

Douglas Wilson Cos. Prepares for Bay Area Fallout

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