In December 1996, Pivotal completed a transaction for more than 45 separate real estate assets in three states in slightly less than six weeks. The properties ranged from small commercial buildings, improved industrial parks and large master-planned and/or mixed-use projects. The real estate totaled nearly 3,100 acres, representing the potential for over 3,500 residential units, 5 million square feet of industrial and flex office space and 416,000 square feet of retail space and other uses. The largest contiguous property was the 1,300-acre West Wing Mountain, which has now been designed and entitled as a high-end residential master planned community with over 1,800 residential units, commercial uses, regional parks and over 340 acres of desert preserves. |
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