Farmington Hills, MI – (February 23, 2023) Michigan based Friedman Real Estate has recently been named the court-appointed receiver and manager for three commercial properties.
Friedman was appointed receiver for:
- 3850 W Cortland, a 100,000 square foot industrial building in Chicago, IL.
- The Pinnacle at Bishop’s Woods, a three-building office portfolio totaling 250,000 square feet in Brookfield, WI
- The Yards & Willowbrook Court, a two-property retail portfolio totaling 400,000 square feet in Chicago, IL and Houston, TX
As receiver and manager, Friedman Real Estate will establish property management procedures that will stabilize, protect, and preserve the asset including supervision and maintenance of the properties, collection of rents and fees, and supervision of third-party contracts and utilities. The firm will also oversee lease management, budgeting, and financial reporting as well as assist with the ultimate disposition of the property.
About Friedman Real Estate
As one of the largest privately held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage, and Construction services that it offers.
Friedman manages more than 200 commercial properties encompassing more than 17.5 million SF and more than 12,500 apartment homes throughout the United States. Friedman’s brokerage team has over 600 current listings with more than $22 billion in closed transactions. As owners and managers of commercial property for over 35 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube, and Twitter.