Karen Klein, of BusinessWeek, recently responded to a letter in her Smart Answers column asking for advice on how to close a division of a business. Knowing that real estate holdings (owned or leased) often must be disposed as part of a closure, I scanned the column for the advice that Klein provided to her faithful reader. I was not disappointed, nor was I impressed. Since I appreciate that Klein is not a real estate professional, I applaud her for including a short paragraph in the Tie Up Loose Ends section; however, the advice that she and her forensic accountant interviewee provide stops a bit short. What follows is my elaboration of their advice.
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Filed under: Commercial Real Estate, Finance, Negotiation, Real Estate, Transaction Advisory | Tagged: BusinessWeek, Karen Klein, Smart Answers | Leave a comment »