Real estate industry giants Henry Gallin, Michael Glick, Frank Sullivan and Ray O'Keefe announced the formation of a new national consulting firm that will help investors, lenders, corporate users, owners, government agencies and service companies formulate and execute real estate strategies to resolve challenges and take advantage of opportunities in today's market. Headquartered in New York, the company, Gallin Glick Sullivan O'Keefe, operates on a national basis providing consulting services across all commercial real estate asset classes and disciplines.
"Today's economic uncertainty is raising huge questions for even the most sophisticated lenders, owners and users of space, and we have created a uniquely experienced group of advisors who will work together to resolve and administer real estate solutions," said Mr. Gallin, a former developer and owner who, as a broker, represented tenants and property owners in the leasing of millions of square feet of office space, and is best known for having helped create and build the Edward S. Gordon Company (a predecessor to what is now CBRE in New York).
Each of the principals has more than 40 years of experience in commercial real estate, and has played significant roles in serving diverse corporations, landlords, investors and service companies through a number of real estate cycles. As an independent consultancy, the firm draws upon that experience to assess holdings and opportunities, develop strategies that optimize the financial implications of real estate positions, and then manage the execution.
"We've created a firm that is, essentially, the ultimate real estate department for hire," said principal Michael Glick, whose background includes operating and owning portfolios of multifamily, industrial and office properties. Mr. Glick continues to represent Home Properties (HME:NYSE), for which he has participated in the acquisition of more than 4,000 apartment units. "We are able to step in, quickly grasp and assess any commercial real estate situation and deliver sound, strategic advice based on past success and knowledge of the current landscape of options, industry leaders and opportunities."
Based on the disciplines mastered by each of the principals, Gallin Glick Sullivan O'Keefe will consult on a comprehensive range of services, situations and disciplines. These include: strategic planning for sub-performing and non-performing loans and REO (including workouts in lieu of foreclosure); office space evaluation (portfolio and policy analysis for disposition, consolidation and corporate asset management); acquisitions (pricing, negotiation, supervision of due diligence, structuring and capitalization); dispositions; team assembly and direction; and growth strategies for real estate services firms.
"Our team has unparalleled experience in helping investors and owners successfully work through economic cycles that impact the value of their property, including deep and considerable skill in sub-performing and non-performing loans," said Frank Sullivan, whose background in finance and investment sales has taken him through the upper management ranks of Goldman Sachs and Jones Lang LaSalle. Having sold more than $15 billion in commercial properties throughout the US to domestic and international investors, Mr. Sullivan is particularly well-versed in preparing properties for sale and maximizing returns for sellers, as well as advising buyers on off-market opportunities.
Mr. Sullivan and his partners noted that every aspect of the commercial real estate business can benefit from the addition of objective, independent, and proven advice. The company will serve investors, institutions, corporate users, lenders, owners, non-profit organizations, government agencies and real estate service companies in providing sound, principal-delivered consulting services.
"By combining our individual talents, depth of experience, market knowledge, relationships and skills, we've created a company that can be a valuable asset to every type of participant in this market," said Ray O'Keefe, who is noted for his successful management of commercial brokerage firms, negotiation and closing thousands of lease transactions for tenants, and marketing of millions of square feet for building owners. Most recently President of Grubb & Ellis New York, Inc and Director of International Operations for Grubb & Ellis Company, Mr. O'Keefe has had senior management roles at Cushman & Wakefield and the Edward S. Gordon Company.
In addition to working directly with owners and the real estate departments within financial, corporate, institutional, and investment/asset management companies that find themselves managing unwieldy portfolios, Gallin Glick Sullivan O'Keefe will also work with the attorneys, accountants and tax professionals to develop teams to manage every situation.
"The key is that my partners and I will work directly on every assignment," Henry Gallin said. "We will have access to sophisticated financial modeling, market data, legal advice, and accounting tools, but the strategies will be developed and then managed in execution by the four of us, in combination. No other resource in the market can compare."
For more information about Gallin Glick Sullivan O'Keefe, visit: www.gallinglick.com.
No comments:
Post a Comment