Solve and Resolve
How do you eat an elephant? “One bite at a time,” jokes Jerry Foster of Resolute Commercial Services. But, for Foster, the elephant was $75 million of debt and a borrower in default after attempting to purchase the Minnesota Vikings. Ultimately he succeeded, in part; but the other dozens of businesses he owned went into default. “He’s goes from $80 million to … Continued
Read More
Resolute Commercial Services Appointed Receiver of Meyer and Lundahl Manufacturing Company
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed Receiver for Meyer and Lundahl Manufacturing Company, 2345 W. Lincoln, Phoenix, AZ 85009. A custom woodwork manufacturing company, Meyer and Lundahl, closed in August 2014 due to continued losses. Upon default of the loan and at the request of the banks, Resolute … Continued
Read More
Resolute Commercial Services Appointed Receiver of High Tech Institute
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed Receiver for High-Tech Institute, located at 1515 E. Indian School Road in Phoenix, 85015 Built in 1991, the property includes a 37,946-square-foot office building and a 946-square-foot utility building situated on a 2.59-acre site. The building was built as educational office building … Continued
Read More
Customers of Door Company May Recover Some Losses
A Los Angeles-based window and door manufacturer has purchased the assets of Architectural Traditions in Tucson, which left a number of its customers in the lurch after abruptly shutting down in April. Customers who had put down deposits on custom windows and doors were told they would get reimbursed only if there was money left … Continued
Read More
Resolute Commercial Services Appointed Receiver of the Steve Coury Dealerships
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Steve Coury Dealerships located at 5980 and 6101 E. Coury Dr., Camp Verde AZ 86326. There are 3 dealerships with service centers in the Steve Coury Dealerships project. Resolute will continue to keep operations in compliance with dealer standards, … Continued
Read More
Americana Hotel in Nogales Sold to The LOK Group; Resolute Commercial Services Brokered the Transaction
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has successfully completed the sale of the Americana Hotel, located at 639 N. Grand Ave., Nogales, 85621, to The LOK Group from Santa Rosa, Calif. Resolute was substituted in as Receiver for a previous party in November 2012 by the Santa Cruz Court to act … Continued
Read More
Resolute Commercial Services Appointed Receiver of Global Medical Equipment of America
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of Global Medical Equipment of America located at 23025 N. 15th Ave, Phoenix, AZ 85027. Resolute was hired to investigate complex claims of Medi-Care fraud. Global Medical is a durable medical equipment provider with 6 locations in the United States to … Continued
Read More
Resolute Commercial Services Appointed Receiver of Americana Hotel
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Americana Hotel, 639 N. Grand Ave. in Nogales. After inspection, Resolute began initial work on issues surrounding the condition of the property. In addition, efforts were focused on property and operational concerns including management oversight, staff development, hotel marketing … Continued
Read More
Resolute Commercial Services Appointed Receiver Of Lake Pleasant Heights Property
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Lake Pleasant Heights Property in Peoria. Resolute will assist in the re-working of the Master Planned Development with the city of Peoria. The firm will also develop a water solution and transportation plan for the property. Once property development … Continued
Read More
Resolute Commercial Services Expands to Northwestern Arizona
Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has recently expanded into Northwestern Arizona, being appointed the receiver for property locations in Kingman and Bullhead City, Ariz., respectively. In Kingman, Resolute has been appointed receiver of Kingman Place Apartments, a 25- unit apartment complex located at the northeast corner of Fort Beale Drive … Continued
Read More