Stephen J. Donell Appointed Receiver Over Stalled San Jose Construction Project, Case No. 26CV497739
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- Nov 10 2026
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On 08/13/26, Stephen J. Donell will take possession and control of the stalled South Bascom Avenue development in San Jose, California.
LOS ANGELES, CA, UNITED STATES, November 10, 2026 /EINPresswire.com/ -- The Superior Court of the State of California for the County of Santa Clara has appointed Stephen J. Donell as Receiver over a real estate development located at 2375 and 2395 South Bascom Avenue, San Jose, California 95008, in City National Bank v. RSF Calson I Propco, LLC, et al., Case No. 26CV497739. The matter is pending before the Honorable Mark D. Flanagan of the Santa Clara County Superior Court, Downtown Courthouse.
Under the Court’s order, Mr. Donell has full possession, custody, and control of the property and related construction assets. His authority includes access to associated personal property, contracts, permits, plans, drawings, and receivables connected with the project.
The appointment draws on Mr. Donell’s extensive experience as a California court receiver and court-appointed fiduciary in matters involving distressed real estate, construction challenges, complex financing, and multiple stakeholders. In this role, he will work to stabilize the asset, preserve its value, and advance the project toward resolution.
The South Bascom Avenue assignment also reflects the role a real estate receiver can serve when a development or income-producing property requires neutral court-supervised control. Depending on the appointing order, a receiver may take possession of property and related assets, preserve value, manage operational issues, and carry out duties authorized by the court.
Mr. Donell has served as a court-appointed receiver in state and federal courts throughout the United States since 1990. Over that period, he has administered hundreds of cases involving real property, businesses, post-judgment enforcement, homeowners and commercial associations, construction completion matters, accounts receivable collections, and collateral seizure matters.
About Stephen J. Donell
Stephen J. Donell has served as a receiver in state and federal courts throughout the United States since 1990. His experience includes residential, retail, and commercial real estate receiverships as well as business receiverships involving gas stations, restaurants, medical practices, manufacturing and distribution facilities, skilled nursing facilities, and residential care facilities for the elderly.
Mr. Donell has also served in post-judgment enforcement actions, marital dissolution matters, homeowners and commercial association receiverships, single-family and condominium construction completion cases, accounts receivable collections, and collateral seizure matters. In federal court, he has been appointed as receiver in enforcement actions brought by the United States Securities and Exchange Commission, the Federal Trade Commission, and other government agencies in connection with business and consumer fraud matters.
About FedReceiver, Inc.
FedReceiver, Inc. is a nationally recognized receivership firm with decades of experience administering complex real estate and business receiverships in state and federal courts across the country. The firm handles matters involving distressed real property, business liquidations, entertainment industry disputes, judgment enforcement, and government regulatory actions.
FedReceiver’s experience also includes income-producing properties, Ponzi scheme recovery, construction completion, partnership dissolution, partition referee appointments, and provisional director engagements. The firm provides specialized receivership and fiduciary services for complex matters requiring neutral, court-supervised administration.
Stephen J. Donell
FedReceiver, Inc.
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