SAN DIEGO-Locally based receiver and distressed real estate specialist Trigild has added 11 office and industrial properties totaling three million square feet to its receivership assignments across the US. The properties are located in California and four other states.

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

In California, the properties include five Bixby Properties Orange County office complexes totaling 11 structures and more than 800,000-square-feet of space: 1201 Dove St., Newport Beach; Bixby Office Park, 3010, 3020 and 3030 Old Ranch Parkway in Seal Beach; Newport Summit, 19600 and 19700 Fairchild Rd., Irvine; Redstone Plaza, 1300 Dove St. and 4041 MacArthur Blvd., Newport Beach; and Inwood Park, 17300, 17310 and 17320 Red Hill Ave., Irvine.

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

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

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

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