Projects & Case Studies | PGI Real Estate

Taco Bell – 26656 Portola Pkwy, Foothill Ranch, CA

Assisted in the valuation and market rent lease renewal of an existing Taco Bell in Foothill Ranch.

FEATURES INCLUDED:
• Outstanding location
• Two Monument Signs
• High image building design
• Close to CA-241 (@ Alton Pkwy)
• 46,174 SF pad (1.109 ac gross / 1.06 ac net)
• 2,720 SF drive-thru building with two patios
• Hard corner with great visibility & street exposure

Tuft & Needle Corporate Headquarters & Showroom, Phoenix, AZ

Represented the Buyer in the acquisition of the Tuft & Needle Corporate Headquarters & Showroom in Phoenix, Arizona, a single tenant NNN leased investment whose Tenant is one of the most revolutionizing, exciting, and fastest growing companies in the nation.  Tuft & Needle was founded in 2012 by two software engineers from Silicon Valley who were fed up with sky-high prices and a lack of transparency in the mattress industry.  Many have drawn a comparison between Tuft & Needle and Uber, claiming Tuft & Needle is doing to the mattress industry what Uber did to the taxi industry.  Today, an estimated 1,000,000 people sleep on a Tuft & Needle mattress.

Huntington Club (fka SeaCliff Country Club) – Huntington Beach, CA

SeaCliff Country Club consisting of approximately 143 acres of land with an eighteen-hole championship golf course, practice facility, golf clubhouse, swimming pool and a large tennis facility located near the ocean in Huntington Beach, California.  Completed the Due Diligence and negotiated the acquisition of the Leased Fee from National Golf Properties.   Subsequently, negotiated and secured new financing with AIG.

L.A. Wholesale Produce Market – Los Angeles, CA

The Los Angeles Wholesale Produce Market is the major facility for the distribution of fresh fruits and vegetables in the twelve western states and is the largest wholesale produce market in the world.  Assisted in coordinating new appraisal valuation adjustment and successful arbitration resolution, per the terms of the Lease.

Spanish Hills Club – Camarillo, CA

Completed due diligence, negotiated the acquisition of the Leased Fee & Leasehold, and represented the Buyer in the acquisition of the Spanish Hills Country Club.    Located in the scenic hills of Camarillo less than one hour from Los Angeles, Spanish Hills Country Club offers breathtaking views of the mountains and Pacific Ocean.  Spanish Hills Country Club begins with the superb 18-hole championship golf course designed by Robert E. Cupp.  The spectacular 40,000 sq.ft golf clubhouse designed by Robert Altevers includes a fitness center. Adjacent is the tennis clubhouse, five tennis courts and a beautiful pool all enveloped by incredible landscaping.

Laguna Lido (Leased Fee) – Laguna Beach, CA

Represented leasehold owners in a leased fee acquisition and conversion of a co-op to condo project in Laguna Beach, CA, known as Laguna Lido. Located on the water in Tortuava Cove in Laguna Beach, Laguna Lido was a 48 unit co-op on leased land. The transaction was divided into two steps to accommodate the Seller’s 1031 exchange and minimize carry costs for the co-op until the conversion was complete. Creative partial Seller financing, combined with synchronized closings allowed the land purchase and conversion to be executed simultaneously eliminating the need for any mezzanine financing, and allowing the land purchase to be completed with NO CASH required from the owners. The conversion also provided over $500,000 for immediate renovation of common areas. Net increase in equity was approximately $500k per unit, for a total net equity increase of approximately $24 Million.  Project aggregate value in excess of $100 Million.

River Rock Condominiums – Northern California

Sponsor & Equity Partner in the acquisition and conversion of an apartment to condo project in Stockton, CA.  Originally known as Pacific Commons Apartments, and located on Pacific Avenue next to University of the Pacific, the 152 unit apartment project lent itself well to a condo conversion.  Through a creatively structured net-lease with option to purchase, the entire condo-conversion and acquisition was completed with relatively minimal equity and risk.  Units were remodeled and sold in coordination with apartment vacancy attrition, to minimize vacancy loss and maintain a healthy and vibrant occupancy level.