Colliers adds receivership unit

Coral Gables-based commercial real estate firm Colliers Abood Wood-Fay has started a receivership business to meet the growing demand for foreclosure resolutions in the region. The new unit will work with banks and special servicers that have been forced to take back properties, and will be led by David Garfinkle, an asset manager with a background in distressed and underutilized properties. Nine other employees will work with all commercial sectors, including fractured condominium projects. [GlobeSt]