We get a lot of press releases about various transactions and trends, and we’re more than happy to share the best of the bunch with you—with a bit of value-added reporting, of course. However, we’re getting a lot of announcements lately, practically daily, about commercial real estate firms forming new divisions dedicated to handling distressed assets.
The GlobeSt.com Florida page had two of these stories from Miami just last week: Related Asset Advisors has been launched to provide financial advice and services for troubled real estate assets, while Colliers Abood Wood-Fay is getting ready to start its own advisory services group.
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