Marywood Center

20%

$19,500,000

Project Outline

The Roman Catholic Diocese of Orange County wanted to replace Marywood Center as the properties improvements were not functional for their use
Highest and best use was as a redevelopment opportunity. However, the site had some significant issues, ranging from hillside slippage; geotechnical and historical,
which needed to be overcome to maximize the value
Assurance of close was critical given the acquisition of the Crystal Cathedral in Garden Grove, CA

The Kidder Mathews team of Eric Knowles & Robert Fletcher generated over two dozen offers, ultimately obtaining a value that was approximately 20% over appraised value, ($19,500,000)
Negotiated significant non-refundable/released deposits, occurring over the duration of the 18 month Escrow period with the New Home Company, a large publicly held residential developer