LOS ANGELES-Locally based Richard Hollowell has been namedmanaging director/national real estate practice lead for BBK, aglobal restructuring, turnaround management, and bankruptcyadvisory firm. He will lead nine real estate and workout advisoryprofessionals who serve BBK as managing directors from offices inNew York City, Chicago, Dallas, Denver, Detroit, Phoenix,Nashville, and Los Angeles.
He tells GlobeSt.com that in his role, he will "focus onassisting both debtors and creditors challenged by the protractedreal estate down-cycle, as well as portfolio property owners whoare suffering under diminished cash flows, value diminution, andincresing vacancies. Loan restructuring, bankruptcy advisory, assetdispositions, and court appointed receiverships are among our coreservices."
The company’s service platform includes: court appointedreceiverships; development of loan exit analyses; CMBS and bank CREloan restructuring; bank C&I loan workouts; bank acquisitiondue diligence; portfolio analysis and valuation; bankruptcyadvisory/out-of-court restructuring; non-performing loan and REOsales; project build-out oversight; expert testimony; 363 trusteesales; and property reuse analyses. Formed in 1977, BBK’s industryspecialties include automotive, aviation, manufacturing,healthcare, marine, banking, hospitality, and governmental, amongothers.
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