SITUATION The lender, a New York City based private equity fund, entered a motion to appoint a Receiver to preserve the asset value of a 22-story masonry 359-room hotel constructed in 1927 located in the…
MAYFAIR OFFICE CASE
SITUATION A major special loan servicer, Midland Loan Services, entered the motion to appoint a Receiver to preserve the asset value of a Class B Office Building in suburban Milwaukee. The borrower lacked the funds…
SHORELINE CONDOMINIUM
SITUATION The City of Chicago entered a motion to appoint a Receiver to prepare a feasibility study of a 49-unit, high-rise residential condominium. The HOA was under pressure by the City of Chicago Department of…
LINCOLN MALL CASE
SITUATION The Village of Matteson, IL entered the motion to appoint a Receiver to protect the public and preserve the value of the Lincoln Mall, a partially demolished regional mall in south suburban Chicago. In…
Latest News
- GE HealthCare logs $18.3B in 2022 revenue in first-ever earnings report January 30, 2023GE HealthCare is based in Chicago and officially spun off from Boston-based General Electric earlier this month.
- College of Lake County opens $40M student center January 30, 2023A ribbon-cutting ceremony was held on Monday for a new student center at a Chicago-area community college funded partly by Illinois.
- Wintrust names Timothy Crane as its new CEO January 30, 2023The bank's current president will replace founder and CEO Edward Wehmer on May 1.
- Alamo Drafthouse Wrigleyville opens across from Wrigley Field January 27, 2023Alamo Drafthouse Wrigleyville officially opened its doors this week, giving the North Side a new movie theater to enjoy.
- State increases funding for Illinois Works Pre-Apprenticeship Program January 27, 2023The state has awarded $13 million to 30 schools and organizations to expand the Illinois Works Pre-Apprenticeship Program, which is aimed at creating a diverse pool of employees in the construction and building trades industries. Now in its second year, the program will serve up to 1,400 pre-apprentices, a 37 percent increase from last year. […]
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OPPORTUNITY ASSESSMENT
Conduct local market overview Provide competitive property overview Review third-party reports Review and confirm existing zoning and entitlements Review and confirm existing incentives such as TIF, Historic Tax Credits, Enterprise Zone, New Market Tax Credit,…
PROPERTY STABILIZATION
Inspect Property Secure site and building access Reconnect utilities – electric, gas, phone Test and monitor mechanical systems Review and maintain existing property covenants if applicable Obtain casualty insurance Assemble property file Contact tenant(s) and…
ASSET MANAGEMENT
Establish operating budget Maintain accounts payable and accounts receivable Obtain third party reports including: title, legal, building condition, appraisal, market studies, etc. Maximize and maintain occupancy if applicable Appeal real estate tax assessment Supervise required…
KEY PEOPLE
Mr. Suzuki is the President of Collateral Trustee, Inc. and has over 30 years of experience serving financial institutions, including banks, private equity firms, insurance companies, court appointed trustees and governmental agencies.
Ms. Neill has over 15 years experience as an asset manager and financial analyst of real estate for private equity firms and community banks. Her area of focus included commercial and multifamily properties located in the greater Chicago Metro and Upper Midwest. Prior employers include Ravinia Capital Group, Comprehensive Management Services, Inc., Great Banc Trust Company and University Bank. Ms. Neill holds a Bachelor of Arts Degree from Loras College in Dubuque, Iowa. She is an active sailor and member of the Chicago Yacht Club and is a Board Member for Judd Goldman Adaptive Sailing.
