SAN DIEGO-Locally based receiver and distressed real estatespecialist Trigild has added 11 office and industrial propertiestotaling three million square feet to its receivership assignmentsacross the US. The properties are located in California and fourother states.

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The California properties are located in Newport Beach, Irvine,San Diego, Seal Beach and El Monte. The other properties are inWilmington, DE; New Orleans; Columbus, OH and Glen Burnie, MD.

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In California, the properties include five Bixby PropertiesOrange County office complexes totaling 11 structures and more than800,000-square-feet of space: 1201 Dove St., Newport Beach; BixbyOffice Park, 3010, 3020 and 3030 Old Ranch Parkway in Seal Beach;Newport Summit, 19600 and 19700 Fairchild Rd., Irvine; RedstonePlaza, 1300 Dove St. and 4041 MacArthur Blvd., Newport Beach; andInwood Park, 17300, 17310 and 17320 Red Hill Ave., Irvine.

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In San Diego, the properties include Scripps Corporate Plaza,three buildings spanning 244,270 square feet at 10650-10680 TreenaSt. in San Diego. The El Monte property is a self-storage facilitywith 1,121 units totaling 110,000 square feet at 11310 StewartSt.

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The properties in other states are 1010 Commons, a 500,000square-foot-office building at 1010 Common St. in New Orleans;Citizens Bank Center, a 500,000-square-foot office building at 919N. Market St. in Wilmington; FIP Realty, an industrial centerconsisting of 14 buildings totaling 968,000 square feet at 1879Federal Parkway in Columbus; and Empire, a 250,000-square-footoffice building at 7300 and 7310 Governor Ritchie Highway in GlenBurnie.

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Trigild now represents more than six billion in defaulted loans,and anticipates a significant increase in its receivership businesswithin the next few months, according to Bill Hoffman, thecompany’s president and CEO. “With several hundred billion dollars’worth of hotel, office, industrial, retail and multifamily facingforeclosure within the next few years, the need for our servicescontinues to accelerate,” Hoffman said.

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