939 Coast Boulevard

La Jolla, California
Distressed Purchase and Renovation Transaction. Purchase of an aged oceanfront condominium from an estate for $1,850,000. Renovation in process. Expected improvement costs are $400,000 with an anticipated listing price at $3,900,000.

Puako Bay

The Big Island, Hawaii
Land Purchase and Entitlement Transaction, currently in process. Purchase of 6.7 acre oceanfront parcel in a short-sale at $5,600,000. Creating a 3-lot subdivision for rare oceanfront estate lots. LLC structure with a private equity partner. Expected value of over $15,000,000 after $2,000,000 infrastructure investment.
See www.PuakoBay.com

28 Boulder View

Shady Canyon, California
Development of the largest and the most beautiful residence ever offered in Shady Canyon, Orange County. Listed at $14,888,888.
See www.28BoulderView.com

2010:  Lot One, Pauoa Beach

The Big Island, Hawaii
Invest and Flip Transaction. Purchase of a single-family oceanfront lot within the Mauna Lani Resort. Purchased at public foreclosure auction at $3,600,000. Sold twenty-eight days later at $5,400,000. Completed in partnership with a private equity partner.

2008:  Arrabelle 455

Vail, Colorado.
Invest and Flip Transaction. Purchase of a contract to purchase a ski-in/ski-out condominium in the heart of Vail during pre-construction phase. Invested $670,000 for 2.5 years, returning $3,230,000 in a double-closing upon completion.

2008:  7 Lochmoor Lane

Newport Beach, California.
Distressed Purchase Transaction. Purchase of a completed single family home from a distressed seller at $4,410,000 in 2005. Minor improvements made at less than $50,000. Sold in a severely declining market in 2008 at $6,000,000.

2007:  171 Emerald Bay

Laguna Beach, California.
Land Purchase and Entitlement Transaction. Purchased oceanfront single-family home lot for $10,000,000. Sold 18 months later with approved home plans, in a declining economy, for $14,000,000.

2007:  602 Bachelor Ridge

Bachelor Gulch, Colorado.
Complete Home Development Transaction. Purchased land and built a 10,000 square foot custom ski-in/ski-out home at a total cost basis of $11,400,000. Sold in a declining market in 2007 at Bachelor Gulch record price of $14,500,000. (Still the community record).

2005:  1225 Cliff Drive

Laguna Beach, California.
Renovation Transaction. Purchase of a distressed oceanfront home, regarded by most as a tear-down. Purchased at $2,850,000; renovated for $600,000. Sold for $8,700,000 after 4 year hold.