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LOS ANGELES-Locally based Richard Hollowell has been named managing director/national real estate practice lead for BBK, a global restructuring, turnaround management, and bankruptcy advisory firm. He will lead nine real estate and workout advisory professionals who serve BBK as managing directors from offices in New York City, Chicago, Dallas, Denver, Detroit, Phoenix, Nashville, and Los Angeles.

He tells GlobeSt.com that in his role, he will “focus on assisting both debtors and creditors challenged by the protracted real estate down-cycle, as well as portfolio property owners who are suffering under diminished cash flows, value diminution, and incresing vacancies. Loan restructuring, bankruptcy advisory, asset dispositions, and court appointed receiverships are among our core services.”

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