In the News

FedReceiver®, Inc. is proud of all our company accomplishes. Our commitment to providing professional, knowledgeable services has made FedReceiver®, Inc. the top choice for companies in need of a court appointed receiver. Read below for the latest FedReceiver®, Inc. updates.

Hite Media Group Receivership Estate opens PDF file
Ocean Towers Housing Corporation opens PDF file
Tarzana Plaza Condominiums opens PDF file
Adal Refereeship Estate opens PDF file
Sale of Skilled Nursing Facility through Receivership – Lynwood, CA opens PDF file

Press Releaseopens PDF file

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Higuera Receivership Estate opens PDF file
Rimpau Boulevard Receivership Estate opens PDF file

California Superior Court Appoints Stephen J. Donell, as Receiver in Hancock Park (Los Angeles), California Real Property Case

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332 N Bel Air Receivership Estate opens PDF file

The Superior Court of the State of California for the County of Los Angeles today appointed Stephen J. Donell as Receiver in the case of Strand Capital Corporation v. Quigg LA14, LLC, et al.

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8260-8264 Sunset Boulevard opens PDF file

The Superior Court of the State of California for the County of Los Angeles today appointed Stephen J. Donell as referee in the case of Sunset 26, LLC vs. Rita R. Peha, et al.

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Car Champs Receivership Estate opens PDF file

The Superior Court of the State of California for the County of Los Angeles today appointed Stephen J. Donell as receiver in the case of Future Income Payments, LLC, a Delaware limited liability company et al. vs. Walter E. Simmons, Jr. et al.

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AFP Receivership Estate opens PDF file

Superior Court of the State of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Los Angeles, California Business
Case

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Plover Financial Group Receivership Estate opens PDF file

Superior Court of the State of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Los Angeles, California Business Case

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Suncor Receivership Estate opens PDF file

United States District Court Appoints Stephen J. Donell, CCIM, CPM As Receiver in SEC Enforcement Action involving the EB-5 Immigrant Investor Program

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West Pico Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Los Angeles, California Case to sell Real Property, Operating Business and Inventory

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Virginia Avenue Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Santa Monica, California Business Case

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Hammerco Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Riverside, California Business Case

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Apex Fuels Receivership Estate opens PDF file

California Superior Court Appoints Stephen J. Donell, CCIM, CPM As Receiver in Murrieta, California
Business Case

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First Time Credit Receivership Estate opens PDF file

United States District Court Appoints Stephen J. Donell, CCIM, CPM As Receiver in First Time Credit Solution, Corp., Case

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Vargas Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Los Angeles, California Business Case.

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Cerise Avenue Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Hawthorne, California Real Property Case

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10th Place Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Los Angeles, California Real Property Case

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450 N. Arlington Receivership Estate opens PDF file

Second Judicial District Court of the State of Nevada Appoints Stephen J. Donell, CCIM, CPM As
Receiver in Reno, Nevada Real Property Case.

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CMS Receivership Estate opens PDF file

Superior Court of the State of California Appoints James H. Donell, CCIM, CPM As Receiver in Los
Angeles, California Judgment Enforcement Case

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2287-2293 West 190th Street Receivership Estate opens PDF file

Superior Court of California Appoints Stephen J. Donell, CCIM, CPM As Receiver in Torrance, California
Real Property Case

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Warm Springs Receivership Estate opens PDF file

District Court for the State of Nevada Appoints James H. Donell, CCIM, CPM as Receiver in Las Vegas, Nevada Real Property Case 

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Trustee Sought in EB-5 Case opens PDF file

Article from the Los Angeles Business Journal

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238 250 Craycroft Receivership Estate opens PDF file

Superior Court of Arizona Appoints Stephen J. Donell, CCIM, CPM As Receiver in Tucson, Arizona
Real Property Case

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Bonifacio Receivership Estate opens PDF file

Superior Court of California Appoints Stephen. Donell, CCIM, CPM As Receiver in Concord, California
Real Property Case

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1455 1515 Tropicana Receivership Estate opens PDF file

District Court for the State of Nevada Appoints Stephen J. Donell, CCIM, CPM as Receiver in Las Vegas, Nevada Real Property Case 

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Miller Receivership Estate opens PDF file

Superior Court for the State of California Appoints Stephen J. Donell, CCIM, CPM as Receiver in Orange, California Judgment Enforcement Case

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Grove Avenue Receivership Estate opens PDF file

Superior Court for the State of California Appoints James H. Donell, CCIM, CPM as Receiver in Orange, California Judgment Enforcement Case

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Bonita Receivership Estate opens PDF file

Superior Court for the State of California Appoints James H. Donell, CCIM, CPM as Receiver in San Diego, California Real Property Case

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CPS Signage Receivership Estate opens PDF file

California Superior Court Appoints Todd D. Donell, CCIM, CPM As Receiver in La Verne, California Business Case

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North Inez Receivership Estate opens PDF file

Superior Court of the State of California in and for the County of Riverside Appoints Stephen J. Donell, CCIM, CPM As Receiver in Hemet, California Real Property Case.

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West Avenue D Receivership Estate opens PDF file

California Superior Court Appoints Todd D. Donell, CCIM, CPM as Receiver in Lancaster, California Real Property Case

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LA Brewing Company Receivership Estate opens PDF file

California Superior Court Appoints Stephen J. Donell, CCIM, CPM as Receiver in Los Angeles, California Business Case

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OMAN Receivership Estate opens PDF file

United States Bankruptcy Court Appoints James H. Donell, CCIM, CPM as Receiver in Las Vegas Business Case

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Silverleaf Receivership Estate opens PDF file

United States District Court Appoints Stephen J. Donell, CCIM, CPM as Receiver in California, Indiana, Ohio and Massachusetts, Business Case

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Stephen J. Donell Offers Commentary in Los Angeles Business Journal Article

Stephen J. Donell, President of FedReceiver, Inc., was featured in the Los Angeles Business Journal article, Casden Loses HQ Building. The article discussed how the prominent real estate developer, Alan Casden, has lost three more buildings to foreclosure totaling nine properties since last year. Casden Properties, who has been developing a history of losing assets, defaulted on $66 million in debt, but a spokeswoman says there are no cash problems.

Mr. Donell, who reviewed the case for the publication explained, “Had Casden wanted to keep the properties, he theoretically would have only had to bid more than $25.2 million at the foreclosure sale. He went on to say, “Either Casden didn’t want to keep the buildings, or he wanted to keep them, but was unable to. Casdens stomach for asset was such that he didn’t want to step up to the plate but maybe (his company) couldn’t and didn’t have the cash.

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Eastern Tools Receivership Estate opens PDF file

California Superior Court Appoints Stephen J. Donell as Receiver in Ontario, California and Norwalk, Ohio Business Case

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Stephen J. Donell Participated on a Panel at the California Receivers Forum

Stephen J. Donell, President of FedReceiver, Inc., participated on a panel at the California Receivers Forum’s fall program lunch series on October 25, 2012 at Buchaler Nemer’s Los Angeles office.  The panel, “All Eyez On Me,” covered numerous topics related to receiverships, including the advantages and disadvantages of appointing a Receiver, ways the Receiver can assist each party in maximizing value and the obstacles involved in closing a sale of property out of a receivership estate.

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Steve Donell Keynote Speaker at EastWest Bank Professional Speaker Series

Steve Donell was a keynote speaker at EastWest Bank Professional Speaker Series on October 22, 2012.  The session, “Ponzi Schemes: Are You or Your Clients at Risk?” discussed typical warning signs that a business may be conducting Ponzi-like schemes, tips when analyzing a potential investment and legal issues involving the liquidation and enforcement of a Ponzi scheme court-ordered shut down.

Kathy Phelps, Esq. was also a keynote speaker for this session.

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Stephen J. Donell Elected President of National Association of Federal Equity Receivers

LOS ANGELES-Stephen J. Donell, a state and federal court-appointed receiver and president of FedReceiver Inc., has been elected president of the National Association of Federal Equity Receivers, an exclusive association for experienced federal equity receivers that provides a forum to share solutions on legal and practical issues involving equity receivership matters. Donell has more than 20 years of experience in commercial and residential real estate and complex receivership cases and has administered more than 500 receivership cases in the Western US.

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Jim Donell Discusses Receiver Sales for Troubled Properties in Real Estate Finance & Investment Magazine

Real Estate Finance & Investment magazine interviewed Jim Donell, CEO of FedReceiver, Inc.  on receiver sales for troubled properties in the article, “More Lenders Turning to Receiver for Distressed Sales.”  Mr Donell explains that instead of workouts, foreclosures and deeds in lieu, a receiver sale can help a lender avoid a number of problems, including liability stemming from environmental or other issues, costs associated with foreclosures and value drops that come as neglected buildings slowly fall into despair.  He commented, “It’s more cost effective [than other options] in that the lender doesn’t have to go through a foreclosure, except for the initial filing of notice of default.” As a receiver, Mr. Donell’s goal is to obtain the highest possible price for a property in order to relieve the borrower and recover as much as possible for the lender.

 

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Arbors Senior Living Receivership Estate opens PDF file

Superior Court for the State of California Appoints Stephen J. Donell as Receiver in San Diego, California Real Property Case

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Stephen J. Donell to Speak at Upcoming CEB Program on Real Estate Receiverships

Stephen J. Donell will speak at a program organized by the University of California’s Continuing Education of the Bar (CEB) focusing on Real Estate Receiverships. The three-hour course, which is set to take place on September 21 at the UCLA Extension at Figueroa Courtyard, will cover a broad spectrum of topics related to receiverships, including how to determine when it’s appropriate to appoint a receiver, the ways in which a receiver can help protect a creditor’s interests during the bankruptcy process and how receivers can facilitate sales of distressed properties. Mr. Donell will draw on his extensive experience as a receiver to help illuminate the intricacies of this branch of real property law.

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James H. Donell Featured in GlobeSt.com

James H. Donell, CEO of FedReceiver, Inc., was interviewed by GlobeSt.com for the article, Receivership Sales Can Be a Better Option for Lenders.  The article discussed how lenders faced with CRE loan defaults are increasingly looking to receivership sales rather than workouts, deeds in lieu or foreclosures as the most effective remedy.  Mr. Donell says that a receivership not only protects the property value, but also reduces losses and limits exposure to liability.

Mr. Donell explains that selling through a receiver means that a lender does not have to complete a trustee sale and pay trustee fees, and it also eliminates liability not only for the lender, but for the borrower as well.  He also adds that a receivership sale saves time compared to a foreclosure, if you have an agreed-upon order from the court, you can start immediately. You don’t have to wait the four months to complete the foreclosure sale, and then get organized, line up brokers and so forth”

 

 

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Stephen J. Donell Authored Article in Convenience Store News

Stephen J. Donell authored an article in Convenience Store News titled, “Solutions for C-store Owners and Operators Facing Loan Default.” In the article, Mr. Donell discusses how the demand for gas and impulse spending in c-stores has decreased, resulting in more owners defaulting on their mortgages. “The faltering economy, in conjunction with the lower discretionary income among customers, increased security lenders and soaring gas prices, has created a perfect storm for putting convenience stores in distress,” explained Mr. Donell. The article also examines options available to c-store owners, lenders and operators when a mortgage goes into delinquent status. 

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Stephen J. Donell Featured in the Wall Street Journal

The Wall Street Journal interviewed Stephen J. Donell, President of FedReceiver, Inc., for the article, “Pain at Pump Is Hitting Gas Stations,” examining the struggle of 110,000 independent gas stations in the wake of a record low in the demand for gas in the U.S. The article examined the causes behind eroding gas station profit margins, including processing fees from credit card transactions, expensive fuel licensing agreements and rising competition from supermarkets and warehouse clubs. Mr. Donell reported a 30% increase in gas-station defaults over the past two years.

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Stephen Donell Featured in Real Estate Bisnow

Stephen Donell, President of FedReceiver, Inc., was
featured in “The Deal Sheet” published in Real
Estate Bisnow. The segment focused
on Mr. Donell’s re-election as co-president of the Los Angeles/Orange County
Chapter of the California Receivers Forum, a nonprofit organization of
receivers, attorneys and other receivership professionals with support from the
Los Angeles Superior Court.

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Petroleum Capital Advisors Opens Its Doors

Petroleum Capital Advisors (PCA), an affiliate of FedReceiver,
Inc., was featured in Los Angeles
Business Journal, Convenience Store
News, Monitor Daily and Real Estate Finance Intelligence, which
all announced the firm’s opening. PCA founders include Stephen J. Donell, a
state and federal court-appointed receiver and President of FedReceiver, Matthew S. Meza, Esq., partner
and head of the energy practice at Halling Sokol + Meza LLP, a boutique law
firm specializing in real estate transactions and finance, and broker Scott L.
Olson, President of C-Store Realty, Inc., a brokerage firm specializing in gas
station related properties. PCA provides receivership, brokerage and
legal services to distressed gas station and convenience store lenders and
note-buyers.

“Our
services are geared toward the preservation, maintenance and potential
disposition of the distressed asset through the use of a court-appointed
receiver and/or management of a lender-owned asset,” said Stephen Donell. “Gas
station, car wash and convenience store assets present an often complex set of
issues for the lender, and PCA provides its clients with a team of experts who
can effectively deal with each unique asset.”

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Stephen Donell Quoted in GlobeSt.com Discussing Distressed Gas Stations

Stephen Donell, co-founder of Petroleum Capital Advisors
(PCA) and President of affiliate company FedReceiver, Inc., was interviewed for
the article “Lenders Find Themselves Paying at the Pump,” featured in the
February issue of GlobeSt.com. The article discussed the recent financial
distress plaguing the convenience store/gas station industry, and the role PCA
plays in providing remedies to lenders and note purchasers involved in this
industry, including the marketing, sale and disposition of such properties in
receivership. “In gas station-type properties, the margins on gas are very
slim,” commented Mr. Donell. “People
think that when prices are higher, the gas station owners make more profit, but
that’s not really the case.”

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Stephen Donell Featured in Bloomberg Brief – Bankruptcy & Restructuring Q&A opens PDF file

Stephen Donell, President of FedReceiver, Inc. and co-founder of Petroleum Capital Advisors, was interviewed for the Q&A article, “Petroleum Capital’s Donell: Gas Station Property Defaults to Increase as Much as 20 Percent,” featured in the March issue of Bloomberg Brief – Bankruptcy & Restructuring. In the article, Mr. Donell predicts that defaults on loans made to gas station owners could climb as much as 20 percent in the next two to three years. Mr. Donell references the jobless recovery, volatility in the financial market, and difficulty in the loan qualification process as some of the causes of this phenomenon. When asked why gas station owners are running into trouble even though gas prices are up, Mr. Donell commented, “Generally speaking, the margins on gas are very slim. As prices rise, the margins stay the same. So the higher gas prices do not correspond to higher profit for the gas station operator.”Mr. Donell went on to discuss the decrease in consumer spending and people having less disposable income. “They are spending less, getting their cars washed less…the real profit margin on gas station properties includes sale of goods at convenience stores as well as mechanics working at the gas stations and car washes,” Mr. Donell noted.

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Lake Mead Boulevard Receivership Estate opens PDF file
Gas Station Property Defaults to increase as Much as 20 Percent opens PDF file
Sales by Rents and Profits Receivers: A Discussion of the Practice and Governing Law opens PDF file
Convenience Store News Petroleum Capitol Advisors Opens for Business Today opens PDF file
New Firm Launch Petroleum Capitol Advisors opens PDF file
Donell Re-Elected Co-President of Los Angeles/Orange opens PDF file
1700 Receivership Estate opens PDF file
Black Canyon Receivership Estate opens PDF file
Figueroa Receivership Estate opens PDF file
Sycamore Canyon Estate in Receivership opens PDF file
Chestnut Street Receivership Estate opens PDF file
Station Receivership Estate opens PDF file
River Pointe Receivership Estate opens PDF file
Linden Lane Receivership Estate opens PDF file
Steve Donell to Speak at Information Management Network Forum on Real Estate opens PDF file
Downey Valero Receivership Estate opens PDF file
Highway 111 Receivership Estate opens PDF file
Castaic Road Receivership Estate opens PDF file
Berhend Bankruptcy Case opens PDF file
Industrial Drive Receivership Estate opens PDF file
2700 Wilshire Receivership Estate opens PDF file
Garvey Avenue Receivership Estate opens PDF file
Delighted Avenue Receivership Estate opens PDF file
Kling Street Receivership Estate opens PDF file
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