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Real Estate/Development

Feb. 24, 2011

Bruce Shepherd

Latham & Watkins LLP San Diego Clients: JC Resorts LLC, the Church of Jesus Christ of Latter-day Saints, Senior Resource Group



The middle of the Great Recession was the worst time to open an ocean-front luxury resort, but for Latham & Watkins LLP's Bruce Shepard and client JC Resorts LLC, it was an opportunity.


The 582-room Terranea Resort in Palos Verdes was developed with loans from Corus Bank, Cascade Investment LLC and Lowe Enterprises Inc. Just months after the project opened, Corus was seized by the Federal Deposit Insurance Corp. Then, the FDIC sold a portfolio includ...

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