W Hotel, Hollywood, CA
Developer and equity partner required $15 – 20 million in additional project funding to complete project. Securing additional project funding at the depths of the recession was extremely challenging from typical sources
Kosmont Real Estate Services (KRES), doing business as Kosmont Realty (KR) has a proven track record of partnering knowledge and experience with opportunity. The following is a limited representative sampling of selected projects. Please contact us for further case studies or experience relevant to your particular project needs.
Developer and equity partner required $15 – 20 million in additional project funding to complete project. Securing additional project funding at the depths of the recession was extremely challenging from typical sources
The Church and the City wanted an owner who would take care of the landmark asset through reuse, but only a small pool of such buyers would yield the greatest value. Consequently, the Church needed a public-private broker that could negotiate the best outcome given the few opportunities available.
Redondo Beach’s aging waterfront increasingly struggled to compete with neighboring South Bay cities to the north. City explored ways to revitalize the pier, boardwalk and surrounding properties. For many years, Pier Plaza had an ineffective and confusing parking layout. The City wanted to take control of the Plaza as part of its comprehensive vision for the waterfront area.
Kosmont Realty Corporation assisted the City in the acquisition of the Redondo Beach Marina property and secured lease-leaseback financing with Compass Bank as part of an economic development strategy to pave the way for the release of the Redondo Beach Waterfront Development RFQ.
Kosmont Realty Corporation (“KRC”) was retained by the City of Norco (“City”) to represent the City in the marketing, sale, and disposition of a ~3.31 acre vacant industrial property located at the northwest quadrant of the intersection of the 15 and 60 Freeways in the City of Eastvale.
Kosmont Realty Corporation (“KRC”) was retained by the Successor Agency to the former Community Redevelopment Agency of the City of Norco (“Successor Agency” or “SA”) to represent the SA in the marketing, sale, and disposition of a ~1.63 acre vacant commercial property located in the City’s Auto Mall on S Four Wheel Drive.
Redondo Beach’s aging waterfront increasingly struggles to compete with neighboring South Bay cities to the north. City explored ways to revitalize the pier, boardwalk and surrounding properties.
KRC provided PMP and real estate advisory services to the SA in an effort to help productively advance and ultimately secure approval of the disposition of Successor Agency’s property. Kosmont aided the SA with advisory assistance with DOF negotiations, as well as determining the appropriate future uses and strategies for the disposition of one of its PMP properties.
KRC provided PMP and real estate advisory services to the SA in an effort to help productively advance and ultimately secure approval of the Successor Agency’s PMP by the DOF, which occurred on March 30, 2015. Kosmont aided the SA in preparing its PMP, advisory assistance with DOF negotiations, as well as determining the appropriate future uses and strategies for property disposition.