Me too. Here's an interesting tidbit. I think the principle "investors" may be in Mexico - only in a virtual sense, of course:
California selects buyer for 11 state properties
(snip)
Diedrich said the department recommended California First LLC based on the buyer's financial capabilities and the terms of its offer. The consortium is led by Hines, a privately owned real estate firm headquartered in Houston, and Antarctic Capital Real Estate LLC an international private equity firm.
Antarctica Capital Real Estate was listed as a venture between California real estate veteran Rich Mayo of Spyglass Realty Partners and Chandra Patel of Antarctica Capital, which is headquartered in Irvine.
Rich Mayo has over 25 years experience in the real estate industry and has been personally responsible for nearly $5 billion in real estate transactions, including nearly 20 million square feet of commercial office properties. He also has extensive experience in retail, hospitality and multi-family investments and developments.
In January 2007 he joined Cabi Developers, a U.S. affiliate of GICSA, one of the largest and most prestigious real estate development and investment companies in Mexico. He was responsible for the acquisition and execution of investment and development opportunities in the Western United States, and was personally responsible for the acquisition of 58 office buildings in southern California totaling 4.6 million square feet and valued in excess of $1.5 billion.
Prior to joining Cabi, Rich was the leader of O’Donnell/Atkins’ Los Angeles office, focused on the firm’s infill and development opportunities brokerage activities, as well as expanding its commercial, industrial and retail pursuits.
Rich was a Principal of The Staubach Company where he directed the portfolio-based real estate services provided to several major corporations, and brokered numerous landmark transactions for the following clients (partial list): Citigroup, Charles Schwab & Co., Gores Technology Group, Fair, Isaac & Co., Nissan, Wells Fargo Bank, City National Bank, VeriFone and Experian. Rich was honored as a Top Producer in each of his six years at Staubach.
Rich was Vice President, Senior Real Estate Manager of Citigroup, one of the largest banking and financial services conglomerates in the world. At Citigroup, Rich managed a 5.5 million square foot corporate-owned and leased real estate portfolio located in the western and mid-western United States and British Columbia. Additionally, he handled international acquisitions and investment projects in Australia, Thailand and Mexico.
As an appointee of former Governor Pete Wilson, Rich was responsible for overseeing the privatization of the State of California’s 35 million square foot real estate portfolio. He directed all surplus land dispositions, leasing, acquisition, planning, construction and asset management activities.
Rich was a co-founder of Barrington Advisory Group and Gavin Associates, comprehensive real estate development, finance, marketing and management consulting firms specializing in securing entitlements and project management for large land developers and institutional property owners.
Earlier in his career, Rich was a Principal of Griffin/Related Properties, a subsidiary of The Related Companies, a $4 billion real estate development and investment company headquartered in New York. He was responsible for several large-scale, mixed use master planned developments in California valued in excess of $500 million.
Rich has a bachelor’s degree in Economics and Political Science from Occidental College, and pursued graduate studies at Oxford University, UCLA, and Claremont Graduate School.
Got it. "Infill" is straight ICLEI-speak. IOW he was one of the "investors" buy up properties from redevelopment agencies who steal it from long-time property-owners anticipating an investment return with the promise of "fair market value" depressed by the threat of the taking.