Like the rest of the economy, 2008 changed the rules of the game for commercial and corporate real estate.
Commercial real estate is an industry that touches everyone. Companies may own their real estate or it may be leased – either way it is a major factor in overhead, capital expenditures and liability. The banking industry is contorted by great swathes of distressed real estate debt, which drag on the balance sheets of banks and choke off lending capacity. Prospects for the real estate industry itself remain constrained by declining tenant demand and rental values that trend in parallel with the performance of the economy.
AlixPartners – For when it really matters
At AlixPartners we have experts with deep experience in real estate. We have delivered solutions on some major restructuring situations in commercial real estate in the US, Europe, Middle East and Asia.
- Shopping centers and retail malls
- Hotels and leisure developments
- Office towers and office parks
- Industrial, warehouse and manufacturing property
- Development and construction projects
Our real estate specialists work with healthy companies where real estate is not core to their business and the whole topic remains a mysterious and impenetrable art. We look to drive performance improvement from real estate, by reducing wasteful overhead, unlocking value for shareholder capital, and restructuring lease obligations.
We also have deep experience and credentials in restructuring mortgage debt and CMBS structures, restructuring sale and leasebacks, managing out major real estate development projects, and pulling back real estate companies from the brink.
We know how to get the best out of difficult assets in difficult market conditions, how to unlock solutions from difficult negotiations and how to find win-win answers in contentious situations. Our teams also know how to get the best out of real estate professionals, often bringing in and managing professional industry resources to implement AlixPartners-designed solutions.