• Asset and entity level restructurings
• Recapitalizations
• Distressed, illiquid or unusual asset liquidation
• Debtor and creditor bankruptcy representation
• Distressed asset/portfolio acquisition & financing
• Litigation-related consulting
• Expert testimony
• Trustee and receiver services

Florida-based condominium developer
  • $2 billion+ restructuring involving 40+ domestic and foreign financial institutions

CABI Downtown, LLC
  • Chapter 11 plan of reorganization for $256 million Everglades On The Bay condominium development

Florida and Midwestern Apartment and Condominium Developer
  • $475 million restructuring involving 20+ properties

Publicly Traded Residential and Commercial Developer
  • CEO/CRO of division with substantial assets in Florida and Georgia and debt of $375 million

Diversified Florida Developer
  • $250 million restructuring plan involving 18 lenders

$400 million Agway Liquidating Trust
  • Disposition of 24 environmentally-tainted real estate properties

NY-based hedge fund
  • Approximately $600 million of subordinated debt in a publicly traded homebuilder

Mego Financial Corp. d/b/a Leisure Industries
  • Formerly a $185 million publicly traded timeshare and residential development company based in Las Vegas

Board of Directors of Adama Holding Public Ltd., a $500 million eastern European multi-family developer
  • Transition during company’s financial and operational restructuring plan

Arlington Ridge LLC, a Florida-based active-adult community developer
  • Financial Advisor to Debtor in Chapter 11 proceedings, also held CRO position

Village Homes, Inc., a Denver based homebuilder/developer
  • Restructuring approximately $140 million of senior debt

Company/Client
Role
Size ($MMs)
     
Resorts International
Acquisition/Financing
350
World Trade Center
Repositioning, Retenanting
200
1001 Pennsylvania Avenue
Development
200
Fifth West Corporate Center
Development
100
Washington Homes
Advised Board of Directors
100
1900 Logan
Pre-Development
93
12 Warren Street
Acquisition Due Diligence
90
Hartford Square North
Repositioning, Capital
84
Gatehall Corporate Center
Repositioning, Infrastructure
80
300 Boulevard East
Repositioning
75
Arvada land
Acquisition Due Diligence
72
6688 N. Central
Repositioning
60
Aenas Venture Corp. - Harvard Endowment
Sale of Notes
58
Seacourt Pavillion
Repositioning
50
535 Connecticut Avenue
Repositioning
50
Rockport Headquarters
Repositioning
48
6301 Morton Grove
Repositioning
40
One Union Square
Repositioning
39
Ridgebury Commons
Repositioning
36
French Quarter Holdings II/III LLC
Sale
33
One Valley View
Repositioning, Capital
20
Linpro Specifies Properties
REIT (Public) IPO
18
Sizeler Property Investors, Inc.
REIT (Public) IPO
17
Zelenkofske Axelrod & Co
Principal
12
1401 Elm
Acquisition, Repositioning
12
23 on Green Condominiums
Development
12
Strouse Greenberg & Co.
Project Manager
12
Pebblewood Plaza
Acquisition, Repositioning
10
RTUT, Inc.
Financial Advisor
10
Martex Fiber Corp.
Project Manager
7
Agway Liquidating Trust
Financial Advisor
n/a
264,000 sf office Park
Improvements
n/a
280,000 sf office park
Improvements
n/a
65,000 sf unanchored retail
Disposition
n/a
90,000 office building
Improvements
n/a

Note: Shown are selected transactions. Includes transactions completed by Algon professionals while in previous firms.

 

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