In the current climate, Hollander tells GlobeSt.com, "adevelopment deal typically is losing value if it isn't being dealtwith, so whether it's on the principal side or the lender's side,there's a lot of help needed and it's happening right now." He sayshe's "already working on a number of these deals, and I expect 2010will bring many more. As foreclosures get through the process, morelenders begin to get a handle on what the value of their assetreally is and become more willing to act on it."

A 20-year commercial real estate veteran, Hollander announcedthe launch of DHA last week. Among other things, it's focused onstrategic advisory, fee development, fractured condominiumworkouts, market and financial analyses and real estateinvestment.

Before forming DHA, Hollander spent six years as senior managingdirector of the Clarett Group, where he acquired or developedresidential, commercial and mixed-use properties totaling 2.5million square feet and valued at more than $2 billion. He alsohelped the company expand its investment platform bothgeographically—branching out from the New York metro area toCalifornia and Washington, DC—and strategically, from residentialto commercial office properties. Hollander also raised significantamounts of debt and equity capital for the company's projects andjoint venture relationships.