C&W Forms Resolution Group to Help Property Owners and Investors Navigate the Financial Crisis
13 Nov, 2008, New York, NY
Leading commercial property services firm coordinates effort to help clients analyze, develop and manage strategies for individual assets, portfolios and loans.
Cushman & Wakefield announced the formation of its Resolution Group, an interdisciplinary team of Cushman & Wakefield property investment and management professionals from across the United States, to offer clients a coordinated and holistic approach to maximize the value of individual assets, portfolios and loans that are facing a variety of challenges stemming from the ongoing financial crisis.
The Cushman & Wakefield Resolution Group brings together teams of seasoned and knowledgeable professionals with specialized expertise in the areas of asset management, financial analysis, valuation, leasing, property management, project management, investment sales, loan sales, debt and equity finance and litigation support.
"The challenges borne by the credit crisis and slowdown in the economy have increased demand among our clients for a comprehensive approach to problem resolution from the capital markets and real estate perspective," said Frank Liantonio, executive vice president of Global Capital Markets for Cushman & Wakefield. "As a client-centric organization, our Resolution Group draws on our broad service platform, and our industry knowledge to ensure our clients benefit from our deep market knowledge and diverse capabilities."
The Cushman & Wakefield Resolution Group works with a wide variety of clients, including special servicers, government agencies, federal and state appointed receivers, local and national banking institutions, law firms and opportunity funds, among others. The group provides clients a disciplined approach to quickly identify the optimal resolution strategy to maximize the value of each asset. The group relies on key market data, including real-time leasing and sales information to determine an optimal asset strategy. This may include active strategies for a short-term repositioning, a longer-term hold or for immediate financial resolution, such as the sale of loans, the sale of assets or loan restructuring.
Cushman & Wakefield, which operates in 59 countries, maintains 109 offices throughout the United States and 118 internationally. It is one of the world’s leading firms in the areas of property sales, leasing, valuation and management. In 2007 the firm was involved in nearly 2,000 property sales or acquisitions worldwide valued at $79.5 billion, as well as more than 26,000 leases totaling $44.5 billion. It completed more than 26,000 appraisal assignments for properties valued at more than $500 billion, and it manages nearly 11,000 properties totaling approximately 500 million square feet.
Dwayne Doherty - 212.841.7748
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