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October 13, 2008Press Release

Michael Best Launches Multi-Disciplinary Distressed Real Estate Group

Milwaukee, WI – The law firm of Michael Best & Friedrich LLP has responded to the legal and financial challenges posed by economic downturns, troubled markets and restricted capital by forming a multi-disciplinary team to provide clients with innovative solutions to their distressed real estate issues. The experienced team works closely with clients to develop a proactive and comprehensive approach to addressing their unique real estate issues in today's troubled economy.

Joshua L. Gimbel, the Chair of the Land and Resources Practice Group and one of the leaders of the new team stated, "Our Distressed Real Estate Group brings together a multidisciplinary team of attorneys from bankruptcy, real estate, land use, transactional finance and litigation practice areas to offer advice across the full spectrum of issues implicated by troubled properties. This depth of experience translates into efficiencies for our clients."

Michael Best works with commercial, residential and mixed-use lenders and developers, investors, financial institutions, private equity companies, purchasers and sellers of distressed debt, investment bankers, debtors and creditors in bankruptcies, foreclosures, deed in lieu and other voluntary surrender transactions, receiverships and workouts.

In addition, Michael Best has significant experience with multi-faceted real estate projects, multi-party transactions, and complex adversarial proceedings.

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