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Shutts & Bowen, a firm with offices throughout Florida, launched a multidisciplinary complex loan workout practice group, focusing on the needs of clients who are facing a slowdown in the real estate market. The new group will advise clients on loan workouts and modifications, restructuring, bankruptcy alternatives, reorganization, capital infusion and strategic and development alternatives for real estate in all stages of distress. “We are anticipating increased demand for workout advice as Florida’s economy faces headwinds from residential overbuilding; shifting market demands; and soaring construction, insurance and other costs,” said Shutts & Bowen Chairman, Bowman Brown. Lee D. Mackson, a partner in the firm’s Miami office, will head the new group. Other members of the group include partners Don Wasil, Peter Levitt, and Bob Fracasso in Miami, Peter Shapiro in Fort Lauderdale, Art Menor in West Palm Beach, Rob Soriano in Tampa and Andrew Brumby and Michael Gore in Orlando.

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