B. Riley Financial expands real estate division

Al Lieberman

Al Lieberman has joined B. Riley Financial, Inc., a diversified provider of business advisory and financial services, as a principal with B. Riley Real Estate, LLC. Based in Chicago, Lieberman brings over 30 years of experience across the real estate value chain, as well as vast restructuring and disposition expertise, both in and out of bankruptcy.

Lieberman has led numerous high-profile real estate transactions over the course of his career, including the restructuring and bankruptcy disposition programs for Interstate Brands and Durango Paper Company. Among other notable accomplishments, he advised WorldComm on the lease of its 540,707-square-foot corporate headquarters to the Transportation Security Administration, sold the building at auction and negotiated the sale of its former chairman’s 550,000-acre operating ranch in British Columbia, Canada.

He was a principal and founding member of Hilco Real Estate, and previously held leadership positions in property sales, asset management and mortgage banking with American Express’ former Balcor division, where he also served as head of capital markets and as a member of the firm’s senior investment committee. Prior to joining B. Riley, Lieberman led a receiver and property management business with Michigan Avenue Real Estate Group where he recently managed the financing, property management and asset sales for several Midwest multifamily housing developments valued at $400 million. His certifications include Certified Public Accountant and Licensed Real Estate Managing Broker.

B. Riley Real Estate serves healthy and distressed clients across all property types including retail, industrial, office and multifamily, both owned and leased. The practice is focused on providing end-to-end solutions to preserve and maximize real estate asset value through the sale, restructuring, leasing, development and purchase of commercial property.