Brookhurst Development Corp
(BDC) was founded to provide
county and municipal governments the ability to use the private
sector to develop and finance needed facilities and infrastructure.
Through a broad array of public-private joint venture structures, BDC
funds and provides development oversight of virtually any type of
public facility for government agencies. Our projects, which
are delivered with guarantees on budget and schedule, include
administrative offices, public schools, college and university
facilities, student housing, correctional facilities, parking
structures, healthcare, community projects and infrastructure. The
senior officers of BDC collectively represent over 110 years experience in the design, construction, development and
financing of public agency
is highly experienced in the area of bringing together low-cost
financing and construction management expertise with an in-depth
understanding of legislative
codes as they apply to public-private developments. It's senior
management has spent years working exclusively with public
agencies building and financing facilities. Our managers
bring with them highly interdisciplinary skills and experience
having held senior positions with governmental agencies as
directors of real estate and facilities, positions with state and
municipal oversight committees, program management, public grants
and bond procurement and positions as acting school district
addition, the founding principal of BDC, Jeff D. Baize, co-authored the book School Facilities
Planning: A Guide to Laws and Procedures for Funding, Siting,
Design and Construction (Solano Press), the only definitive source for public
school construction wherein he authored the section on the laws
and issues concerning public-private development practices.
is known to have exceptional expertise with alternative financing
to meet the specific needs of public projects. With
its experience and close ties to the public finance markets, BDC
can procure both taxable and tax-exempt funding for its
development projects, depending upon the needs and funding
requirements of a particular project. This affords BDC
the ability to fund projects at rates comparable to what public
agencies can obtain.
depth of experience reaches far
into the private sector as well. BDC has the
ability to bring as much as $300 million in private equity for
public facility funding. BDC and its principals have closed
over $2 billion in commercial real estate financings,
acquisitions, development and the securitization of debt and
equity for real estate construction and other related
transactions. It's affiliate, Brookhurst
Capital Corp, was instrumental in numerous international
investment banking transactions including the recapitalization of
a major Chinese-owned landmark, the Mandarin Oriental Hotel in San Francisco.
In addition, it has been directly involved in excess of $100 million in real estate investments.
BDC has a national presence with offices in both California and
Texas, BDC is very sensitive to local community concerns and established relationships.
BDC prefers using local labor and prides itself on proactively incorporating minority and small business enterprises into the development program whenever possible.
BDC works closely with labor
organizations and enforces all required labor compliance programs.
Development Corp provides its public agency clients the following
Development provides complete project oversight assuring that
projects are completed on time and within budget.
Brookhurst Development Corp guarantees both cost and
scheduled completion date.
Funding With many years of successful project
funding experience using both commercial and public financing,
BDC has the ability to structure project development
funding in virtually any manner necessary to provide flexibility
in meeting the financial needs of the occupying
agency on any given public facility development. If
needed, BDC has access to as much as $300 million in private
equity for public projects.
Management. BDC provides highly
qualified project and construction management to all of its
projects include numerous public school district and community college management contracts.
principals of BDC have assisted numerous
school districts and other public agencies in site
both in the role of consultant and as internal agency staff
in the taking of over 45 sites.
Having experience in the eminent domain process as well
as participating in seminars on the subject, BDC has an
understanding of the process of condemnation and is
experienced in turning adverse taking of land into friendly
can provide public agencies advisory services as to the
creation of public-public ventures, joint powers authorities
and the solicitation of proposals for public-private joint
ventures wherein additional revenues from the private sector
may be obtainable.
BDC has experienced staff capable of providing long
term property and asset management services on projects we
of Facilities BDC Develops
can develop virtually any type of governmental facility. Experienced professionals know that each type of facility development
carries with it unique aspects
of design, funding and construction that require a high level of expertise with
that respective facility type.
Regardless of the nature of the facility being developed, the
award-winning architects and contractors hired
by BDC have a strong track record in each respective kind
of facility. Representative facilities that
BDC can fund and develop include:
Schools and Vocational
Courthouses and County Agency Offices
Offices and City Halls
and Detention Centers
In addition to the above
development capabilities, BDC
can work with public agencies to generate private activity revenue
through public-private joint ventures, joint powers authorities
and co-investment. Regardless of the public facility need, BDC
has a seasoned, innovative and ready staff of professionals to
assist your agency.