Savills launches distressed real estate division
New York-based real estate investment banking firm Savills recently
launched a distressed real estate group that will tap its international
investment base for the acquisition of joint venture interests,
recapitalizations and investments in operating companies. The company,
which has offices in Europe, the Middle East, Australia and Asia, also
plans to offer a full range of restructuring and bankruptcy advisory
services. The new division will be led by senior vice presidents R.
John Wilcox III and Fredric J. Leffel and executive managing director
Jeffrey Baker.
Winoker acquires tenant rep firm
Winoker Realty has acquired Miller & Partners, a New York-based
commercial brokerage that specializes in tenant representation. Marc
Miller, founder of Miller & Partners, will serve as executive vice
president at Winoker and continue to assist former clients. In this new
role, Miller will also expand Winoker’s existing network of clients and
help with the company’s recruitment initiatives. Prior to launching his
own firm, Miller spent 12 years at Studley, where he was a managing
director.
PropertyShark officially launches university program
Real estate data Web site PropertyShark last month officially
launched its continuing education program, PropertyShark University,
and associated Web site, PropertySharkUniversity.com. PropertyShark
classes cover such topics as short sales, distressed properties and
real estate certification. “It’s an ideal time to launch this,
especially with distressed property,” said Bill Staniford, CEO of
PropertyShark. “Right now in [this] market environment, it’s critical
that people become aware of these kinds of things.”
Long Island brokerages merge operations
Garden City-based Dougall Fraser Real Estate has partnered with
Daniel Gale Sotheby’s International Realty to expand its reach in the
Long Island residential market. Dougall Fraser, who established his own
firm in 1989, and his team of sales professionals will join Daniel Gale
Sotheby’s network of 600-plus agents across 30 offices and divisions
spanning Long Island. The office will remain in Garden City and will be
known as Daniel Gale Sotheby’s International Realty, Dougall Fraser
Division.