Firm Resume

 


Company Profile


Brookhurst Development Corp (BDC)  was founded to provide federal, state, 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 facilities.

BDC  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 superintendents.  In 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.

BDC 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.

BDC's 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.  

Although 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.

 

Services Provided

Brookhurst Development Corp provides its public agency clients the following services:

  • Development Management.  Brookhurst 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.

  • Project 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.

  • Construction Management.  BDC provides highly qualified project and construction management to all of its projects.  Current projects include numerous public school district and community college management contracts.

  • Site Acquisition.  The principals of BDC have assisted numerous school districts and other public agencies in site acquisitions, 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 in-depth understanding of the process of condemnation and is experienced in turning adverse taking of land into friendly acquisitions.

  • Master Planning.  BDC 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.

  • Long-Term Management.  BDC has experienced staff capable of providing long term property and asset management services on projects we develop.

 

Types of Facilities BDC Develops

BDC 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 Facilities

  • Colleges and Universities 

  • Adjudicated Youth Centers

  • Student Housing

  • Public Libraries  

  • Public Parking Garages 

  • County Courthouses and County Agency Offices

  • Correctional Facilities

  • Municipal Offices and City Halls

  • Public Sports Arenas

  • Prisons and Detention Centers

  • Fire Stations

  • Metro Transportation Facilities

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.