ROSEVILLE, CA—Real estate and financial restructuring firm Huntley, Mullaney, Spargo & Sullivan, Inc., (HMS) has welcomed Daniel Capestrain, a senior corporate real estate executive with more than 35 years' experience in commercial real estate.
Capestrain brings a blend of expertise in all aspects of real estate, including market development planning, lease evaluation and provision compliance, lease negotiations, and implementation of co-tenancy systems.
Tom Mullaney comments, “Dan's leadership and knowledge in the real estate industry will be a valuable asset to our team and to our clients. His deep experience in retail real estate with some of the country's leading chain stores and his diverse background with negotiating leases will aid our corporate clients in generating more value out of their real estate assets.”
Prior to joining HMS, Capestrain was the director of real estate at OfficeMax North America, Inc. where he prepared, maintained and executed various market development plans and was directly responsible for management of nearly 1,000 existing store locations with respect to options, terminations and general lease provision compliance.
“HMS has deep roots in the real estate community and vast experience navigating their clients through very complex restructurings,” said Capestrain. “My skills and practice in real estate planning are well matched with the Firm's obvious expertise in lease and debt restructuring. I'm really pleased to join their team.”
Prior to joining OfficeMax, he worked as the Real Estate Director for Trak Auto Corporation and was responsible for directly overseeing all aspects of real estate for the company's divisions. Among his other responsibilities were performing market evaluation, site selection, and business term and lease negotiations. Capestrain managed the real estate budget and oversaw or negotiated hundreds of millions in store rent reductions and terminations.
HMS engages in restructuring real estate leases, lease terminations, debt restructuring, Chapter 11 planning and implementation, as well as other related restructuring services. Since 1993, the firm has restructured more than $11 billion in client assets and liabilities, significantly increasing cash flow at leading companies across the country. The firm has offices in San Francisco, Sacramento, Chicago and New York City.
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