Hollander Focuses on Projects with Issues

NEW YORK CITY-Dealing with the “displacement” surrounding development projects has been keeping Daniel Hollander busy since he hung out a shingle on the consultancy that bears his name. “The kinds of projects I’ve been focusing on have been development deals that are in distress in one form or another,” says Hollander, principal of Daniel Hollander & Associates. “These projects are coming into the marketplace sooner than many others.”

In the current climate, Hollander tells GlobeSt.com, “a development deal typically is losing value if it isn’t being dealt with, 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 says he’s “already working on a number of these deals, and I expect 2010 will bring many more. As foreclosures get through the process, more lenders begin to get a handle on what the value of their asset really is and become more willing to act on it.”

A 20-year commercial real estate veteran, Hollander announced the launch of DHA last week. Among other things, it’s focused on strategic advisory, fee development, fractured condominium workouts, market and financial analyses and real estate investment.