Governmental bodies that routinely resort to condemnation proceedings to obtain property for redevelopment projects might learn a thing or two from McCarter-Burke's commercial brokers, T. Rex Thomas and Zachary Parker.
The two men from the firm's northern Orange County office are putting together 89 parcels for a massive Koll Co. development adjacent to Anaheim Stadium.
Thomas and Parker have spent the last 2 1/2 years negotiating the sales transaction between 82 property owners and Dallas-based developer Lincoln Properties to create the triangular parcel south of Orangewood Avenue and west of State College Boulevard.
The first phase of the $20-million, 26-acre land transaction is in escrow with 50 residential parcels on 12.5 acres. The second phase, involving 39 parcels on 14 acres, is still in negotiations.