Ballard Spahr has formed a Commercial Real Estate Recovery Group that will combine the firm’s distressed real estate capabilities with a strategic focus on emerging lending and investment opportunities in the rapidly changing commercial real estate and finance markets.
The new group represents an expansion of the company’s Distressed Real Estate Initiative, which was launched in 2008 to help clients throughout the country plan, adapt and prosper in a challenging economic environment.
Since then, the firm’s attorneys have handled hundreds of distressed real estate loan workouts, restructurings and enforcement actions across the nation, including matters in such hard-hit markets as Nevada and Arizona.
The Commercial Real Estate Recovery Group merges Ballard’s distressed real estate capabilities with the firm’s established skills in real estate finance, capital markets, complex investment and joint ventures, real estate development and taxation. Members of the group will advise clients in a full range of financing and investment matters, including senior and mezzanine loan transactions, CMBS lending programs, single asset and portfolio investment opportunities, rescue capital transactions, and legacy asset and distressed loan transactions.
Members of the Commercial Real Estate Recovery Group will be resident in Ballard Spahr offices throughout the country. BD+C
Related Stories
| Jun 25, 2014
Frank Lloyd Wright’s Spring House, Cincinnati’s Union Terminal among 11 Most Endangered Historic Places for 2014
The National Trust for Historic Preservation released its annual list of 11 Most Endangered Historical Sites in the United States for 2014.
| Jun 25, 2014
Best of Britain: 56 buildings make it to the RIBA Stirling Prize's longlist
The longlist for the 2014 prize includes Foster + Partners' Marseille and London's now-famous Shard, designed by Renzo Piano.
| Jun 25, 2014
Green Building Initiative Announces New Appointments to Board
Glumac consulting engineer CEO Steve Straus and Plum Creek director of real estate Doug Cole join GBI's board of directors.
| Jun 25, 2014
Taking a page from Lean manufacturing for improved design review processes
SPONSORED CONTENT As more building project teams look for ways to collaborate better, technology continues to provide solutions. Yet, as I learned from the experience of one of my customers, choosing the wrong technology can have an underwhelming effect, causing a team to simply swap out old challenges for new ones.
| Jun 24, 2014
From Babylon to Sydney: The evolution of the modern workspace [infographic]
This infographic, made by Sunica de Klerk and originally posted by ArchDaily, shows the evolution of the office from 2400 B.C. to the present day.
| Jun 24, 2014
Mayor Rahm Emanuel announces plans for a Chicago Architecture Biennial
Chicago's mayor Rahm Emanuel announces plan to hold the Chicago Architecture Biennial in late 2015, intended to rival Venice's Biennale.
| Jun 24, 2014
Intuit begins work on LEED Platinum campus addition
Demolition will begin this week as a precursor to construction of Intuit's new addition to its Mountain View, Calif., campus. The first of two additions, a 185,000-sf building on Marine Way, is expected to begin construction in August.
| Jun 23, 2014
5 new designs unveiled for Make It Right homes at Fort Peck, Mont.
Make It Right, Brad Pitt's foundation that builds homes for people in need, has just revealed five new designs for the Fort Peck (Mont.) Indian Reservation.
| Jun 23, 2014
Gehry's 'glass sail' cultural center for Foundation Louis Vuitton set to open in October
Comissioned by Bernard Arnault, American legendary architect Frank Gehry's newest structure in Paris for Foundation Louis Vuitton will house eleven galleries and an auditorium for performing arts.
| Jun 23, 2014
Power of IPD: Is integrated project delivery truly a transformative delivery model?
Now that many of the first-generation IPD projects have been completed, CBRE Healthcare's Tim McCurley and Stephen Powell ponder the lessons learned and pros and cons of the industry's newest delivery model.