C&W Forms Resolution Group

NEW YORK CITY-Anticipating that defaults will rise next year, locally based Cushman & Wakefield has formed an interdisciplinary “resolution group” to help clients address challenges with assets, portfolios and loans. The group’s clients will include special servicers, state and federally-appointed receivers, government agencies, local and national banking institutions, law firms and opportunity funds across the US.

In a release, Frank Liantonio, C&W’s EVP for global capital markets, says the challenges stemming from 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.” Liantonio tells GlobeSt.com, “We’ve taken a core group of people, both geographically and service-line wise, to address these questions.” The team includes specialists in asset management, financial analysis, valuation, leasing, property management, project management, investment sales, loan sales, debt and equity finance and litigation support.

Liantonio tells GlobeSt.com the challenges faced by clients “may be asset-specific or may concern an entire portfolio.” Members of the resolution group will work with the clients to develop an asset strategy, which may include a short-term repositioning, a longer-term hold or immediate financial resolution, such as the sale of loans, the sale of assets or loan restructuring, according to a release.