Friedman Real Estate Announces Three Major Receivership Assignments

Posted on June 19, 2023

Farmington Hills, MI – (June 19, 2023) Michigan based Friedman Real Estate has recently been named the court-appointed receiver and manager for two commercial properties and one multifamily property.

Friedman Real Estate is appointed receiver and manager for:

1. Penn Center West, a three-building portfolio totaling 215,000 square feet in Pittsburgh, PA

2. 209 W Jackson Blvd, a high-rise office building totaling 145,000 square feet in Chicago’s West Loop

3. Philadelphia Square, a 102-unit / 259-bed student housing property in Indiana, PA

As an active receiver, manager, and broker throughout the U.S., Friedman Real Estate designs a unique strategy for each individual property to maximize value for our clients. The firm’s single-source platform leverages our advisory teams’ decades of experience to evaluate, analyze, and recommend an action plan for highest-and-best use; our management team will stabilize, protect, and preserve the asset; and our in-house brokerage and marketing teams will assist with the ultimate disposition of the property through their nation-wide relationships and industry-leading auction expertise.