Workouts/Receivership Specialists

Reichel Realty is South Florida’s resource for the expertise, strategies and hands-on services that make the most of a distressed property’s value potential.  A well-executed loan workout can help owners of troubled properties preserve their investments in the face of declining property values, stalled completion or tightened cash flow.

With a combined track record of more than $4.5 billion in successful real estate workouts and dispositions, President Bill Reichel and Managing Director Peter Filomena have the know how to tackle the most complex real estate challenges. As former banking executives and respected real estate professionals, they understand the needs of lenders and owners.

As a “single source,” Reichel Realty helps lenders, investors and property owners avoid the pitfalls and protect the value of their commercial real estate assets.

Case Study

Flamingo Place, Downtown West Palm Beach

Reichel conceptualized and guided the makeover of a former car dealership into the vibrant 38,000 sf Flamingo Place neighborhood center, taking full advantage of the Dixie Highway corridor’s revitalization. Reichel maximized the owner’s ROI, finding purchasers for each of three buildings that were a fit for the neighborhood – and for the owner’s financial goals.

“In a mature market, it takes deep market insight and seasoned professionals to find properties and work through each deal’s challenges. For Flamingo Place, Reichel was key to transforming this property into an upscale neighborhood center with the popular Bedner’s Market as anchor tenant.”

Paul Waystack


Contact Us

8845 N Military Trail, Suite 100
Palm Beach Gardens, Florida 33410

Phone: 561-478-4440
Fax: 561-478-4442



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