Nexus’ extensive experience in real estate transactions, whether simple or complex, is an invaluable asset to its clients. Nexus has successfully acquired and sold a myriad of properties, including unentitled and undeveloped land, under-performing assets, distressed property and Brownfield re-development sites (where re-development was complicated by the presence or potential presence of hazardous substances). In doing so, these efforts have entailed performing thorough due diligence, assessing risk and developing and executing an efficient and cost-effective strategy. The Nexus team’s market knowledge and resources have enabled Nexus to quickly identify and pursue potential opportunities and thereafter prosecute a consummation of these transactions in a timely manner.
The Hard Rock Hotel: Palm Springs, CA
489-room, 10-acre resort located near historic downtown area.
- Assembled 3 separately-owned parcels, totaling 10-acres of land in downtown area, which entailed negotiating an exclusive right to purchase a City-owned 6-acre parking lot, acquiring a 2-acre site from a federally-recognized Indian tribe (then being used as Tribal headquarters), and negotiating the purchase of a 2-acre site with a long-time local resident property owner under threat of condemnation.
- Negotiated a Disposition & Development Agreement with the Community Redevelopment Agency of the City of Palm Springs.
- Processed Mitigated Negative Declaration.
- Obtained a favorable outcome in CEQA lawsuit filed subsequent to entitlement approvals.
Biltmore Colony and The Colony: Palm Springs, CA
12-acre project featuring 133 condominiums and 19 patio homes
- Purchased a defaulted 1st trust deed note with intent to foreclose and, following borrower’s bankruptcy, prevailed in credit bid to acquire the property.
- Successfully entitled and developed project for single- and multi-family residential use.
- Marketed and sold all 152 units during a challenging real estate market via in-house sales team.
