The real estate sector is facing significant head winds from weak business fundamentals, such as high vacancy rates, negative absorption, flat rental rates, excess supply, and high leverage in both the commercial loan and CMBS markets.
In retail, e-commerce and the disappearing middle class have tremendously impacted bricks and mortar stores, and the divide between the best and worst malls is widening. With the current preference for urban office and mobile work locations, the suburban office markets continue to struggle to compete. While multifamily has been the recently favored asset class, oversupply and a normalization of housing trends is a growing cause for concern. Conway MacKenzie provides tailored solutions to reposition all types of distressed commercial real estate properties.
Conway MacKenzie professionals have a wealth of experience repositioning distressed real estate and serving as court-appointed receivers. Our team has an impressive track record of adding value and successfully working out properties during and after the foreclosure process. Conway MacKenzie also excels at helping healthy companies take advantage of market opportunities through performance improvement and transaction strategies. We are able to assist clients by maximizing value and selling, acquiring or repositioning assets for both short-term and long-term growth.
View Select Case Studies
Raising the Bar 17 Stories High
Our professionals were engaged as court-appointed receiver for a 17-story Class A urban office building.
Our team was able to complete over 180,000 square feet of new lease deals and renewals, creating value in excess of $12 million. Most noteworthy, was the ability to secure a long-term renewal of the anchor tenant; representing nearly 25% of the property and thereby successfully positioning it for disposition.