IN THE NEWS
Pinnacle Solutions Announces Hiring of Stuart Green as Principal
Green Joins Brian Stolar in Leading the Chatham, N.J.-Based Real Estate Advisory Firm
Pinnacle Solutions, a leading advisory and workout firm servicing investors, lenders and other developers confronted with projects and investments that have been negatively impacted by the economy, has announced the hiring of Stuart Green as Principal.
Green joins fellow Principal Brian Stolar, founder and CEO of the Pinnacle Companies, which has established a stellar track record developing many of the New York metropolitan area’s foremost signature properties for the last 25 years, in leading Pinnacle Solutions.
Pinnacle Solutions serves as a one-stop source to address non-performing development projects, under-performing existing assets and troubled debt. The company’s skilled and time-tested professional team provides each project with a comprehensive, strategic plan to determine the most advantageous approach.
Comprised of a dedicated group of professionals from multiple disciplines — marketing, finance, sales, construction, architecture and design — Pinnacle Solutions offers a sophisticated program for identifying lending institutions and equity investors for troubled construction projects, with specific focus in multi-family, condo conversion, office, retail and mixed-use properties. The company is active throughout the New York metropolitan area and Florida.
The hiring of Green adds to Pinnacle’s already vast experience in this arena.
“We are extremely excited to announce the hiring of Stuart Green as Principal of Pinnacle Solutions,” stated Stolar. “Stuart brings with him an in-depth understanding of the challenges facing lenders, investors and developers today as they work to address the turnaround of their troubled real estate assets and investments.”
For 12 years prior to joining Pinnacle Solutions, Green served as CIO for Denholtz Associates. He also spent eight years in investment banking, working for several firms trading and conducting analysis of mortgage backed securities.
“I was drawn to Pinnacle because of its reputation for excellence and leadership in the marketplace,” stated Green. “The company’s competitive advantage lies in its ability to tailor programs that address the specific needs of their clients’ real estate assets and investments, and I am proud to be part of a team that has the proven track record and experience needed to meet the demand that exists in the marketplace today for creative solutions to tackle the complex issues facing lenders, investors and developers.”
Pinnacle has been retained by financial institutions, hedge funds and other equity investors to provide its expertise regarding entitlements; construction; development valuation/feasibility; and sales and marketing consultation and services.
Pinnacle was also recently retained by an equity investment firm that owns a tract of land approved for condominium development to redesign and re-position the project as a multi-phase rental apartment project and process the project through the entitlement process for rental apartment use.
About Pinnacle Solutions
Pinnacle Solutions is a leading provider of workout solutions and asset management services to property owners, developers, lenders and investors who are confronted with challenging real estate projects and investments. Pinnacle Solutions is an outgrowth of demand for the creative, problem-solving experience of the Pinnacle Companies – a firm with a more than 25-year track record of developing many of the New York metropolitan area’s foremost signature properties. Pinnacle has focused particularly on residential and urban mixed-use projects and has significant experience in retail, hotel and office projects. Since 1987, Pinnacle has purchased or invested in more than 20 distressed projects, representing total valuations exceeding $750 million. Additionally, its senior management team has previously provided workout and asset-management services on over $1 billion of properties. For more information, visit www.pinnaclesolutionsus.com.