Through a Stipulated Court Order agreed to by both the lender and borrower Littrell has taken over day-to-day operations of the asset. Since being appointed by the Court in August, Littrell has increased occupancy and is in negotiations for the remainder of the space.
Littrell has retained Grubb & Ellis for property management and Cushman & Wakefield of San Diego, Inc. as leasing agents.
# # #
RLG Properties is a subsidiary of Beverly Hills-based Raines Law Group which represents significant public and private concerns spanning the full spectrum of the real estate and financial services industry in complex business and real estate transactions and litigation.