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GALLIN GLICK; $36M RETAIL; ARENA’S ADVICE
February 5, 2009
| Retirement’s for wimps, joked Henry Gallin of new national consulting firm Gallin Glick Sullivan O’Keefe when we visited its Madison Avenue office. If you’re in market distress, be glad he and partners Mike Glick, Frank Sullivan, and Ray O’Keefe formed an alliance: the group has a combined 160 years of real estate experience during four upturns and downturns. |
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| They’ve worked with each other for years—Ray and Frank go back to freshmen at Boston College. When the market began its turn, they decided to put their collective consulting experience together to guide owners out of the morass. Their services cover distressed assets; foreclosed properties; vacancy and leasing issues; acquisition and disposition of properties; and capital markets issues, among others. Mike says to call them the ultimate real estate department for hire. |
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| They’ve been busy since their fall inception, especially as investors raise distress funds (they’ve already identified 65 going from $100M to several billion.) Downsizing corps will also provide consulting opportunities. But they still make time for fun: Mike’s off to Thailand with his family this month; Frank’s awaiting the birth of two grandchildren; Henry’s working on his golf handicap (but says his real estate negotiation handicap is lower). Unfortunately, Ray rooted for the Cards on Sunday. |
