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
- Chicago's Kinexx Modular Construction acquired by New York investment firm April 23, 2024LaPhair Capital Partners acquired Chicago-based Kinexx Modular Construction, with several professional athletes also joining as investors.
- Whole Foods expanding store at River Forest Town Center April 23, 2024Whole Foods Market will remain the anchor tenant at the River Forest Town Center for at least another quarter-century.
- AI-powered logistics startup Continuum raises pre-seed funding April 23, 2024M25, one of the Midwest's most active venture capital firms, has led an oversubscribed pre-seed round for Chicago-based artificial intelligence-powered startup Continuum.
- Skyline Construction to relocate downtown Chicago office this fall April 23, 2024Skyline Construction will nearly triple its Chicago office space when it relocates to Wacker Drive.
- Chicago industrial real estate market cooling from 2021 high April 23, 2024Chicago's industrial market has started to cool from the highs of the last few years.
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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.
