LOS ANGELES—CBRE Group said Wednesday it had launched a group to help retailers and other occupiers seeking to reshape their store portfolios. The new Occupier Restructuring & Disposition Services practice is being led by industry veteran Neill Kelly.
CBRE's new disposition practice is intended to meet a growing need among today's retailers, who increasingly want to optimize their store portfolios to create their ideal mix of brick-and-mortar stores and online operations. In particular, mature national retailers have been retrenching to focus on their most profitable stores by vacating or selling others.
Retailers aren't the only potential users of disposition and restructuring services. Others include private-equity sponsors that require pre-acquisition portfolio analysis or post-acquisition portfolio transactions; and investment banks or law firms with clients going through restructuring or liquidation.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
