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Swerdlow Group, and its principal Michael Swerdlow, are recognized
for their extraordinary ability to identify and create value
in situations overlooked by competitors. This ability has
been demonstrated in a wide range of successful endeavors
ranging from bankruptcy liquidations in the Northeast to complex
infill developments in South Florida. In recent years, Swerdlow Group has been one of the most prolific developers
in Florida with projects such as the Dolphin Mall, Dolphin Commerce Center, Las Olas Riverfront, West Lake Village,
Oakridge and Oakwood Plaza.
Michael Swerdlow is credited with revolutionizing the process
of valuation and sale of retail leases in bankruptcy liquidations
during the late 1970's by converting the leaseholds of bankrupt
tenants, historically viewed as liabilities, into valuable
assets. This was accomplished while handling the liquidations
of real estate assets for Food Fair (Pantry Pride), E. J.
Korvettes, Wicks Stores, AT&T, United Technologies and
Chrysler Corporation. In total, more than 30 million square
feet of leases were restructured, marketed and sold by Swerdlow
between 1977 and 1984. Thereafter, between 1985 and 1987,
Swerd1ow developed over 2 million square feet of retail and
office space in Northern Virginia, Connecticut and Illinois.
In 1988, Michael Swerdlow and affiliates, which at that time
included Shearson Lehman Hutton Holdings and Triangle Industries,
purchased Hollywood, Inc., the owner and developer of substantial
real estate holdings in South Florida. This acquisition, valued
at approximately $400 million, provided Swerdlow Group with
a portfolio of approximately 3,000 acres of undeveloped land
and two million square feet of operating properties.
Shortly after the acquisition of the Hollywood Portfolio,
South Florida suffered its most severe recession in recent
history. Notwithstanding the downturn in the real estate market,
Swerdlow Group was able to maximize the return to its
partners by revitalizing under-managed properties, assessing
the potential of undeveloped parcels and obtaining necessary
entitlements to position undeveloped parcels for development
during the eventual upturn in the real estate market.
From 1996 to 2003, Swedlow Group and it's affiliates developed several unique
projects with a combined asset value of over $1 billion. Projects include:
Las Olas Riverfront, Dolphin Mall, West Lake Village, Great Mall of the Bay Area and Dolphin
Commerce Center.

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