Advisory services revived at real estate firms

Commercial real estate firms throughout Florida are reviving or adding
distressed property groups to keep business flowing during a severe
recession. Tampa-based Plasencia Group has reinstituted its distressed
hotel advisory practice, while Wellington-based Bainbridge has launched
its own distressed property services entity. The two firms follow
Miami-based Colliers Abood Wood-Fay, which in November launched its
distressed properties services group, and Related Group, also
headquartered in Miami, formed its own asset advisory services unit.