By Andy Hochberg These are interesting and challenging times in commercial real estate. Andy Hochberg of Next Realty shares how these three notions can lead to greater success. For decades, the age-old precept in commercial real estate has been based on location. To reinforce its importance on the viability of a property, the word was • Read More »
The retail sector suffered tremendous reverses in 2020, but even in the midst of what some call a "retail apocalypse," bright spots also appeared. Some tenants took advantage of the troubled market to sign favorable deals, launch new types of businesses or learn how to use the internet to sustain sales. That has kept many properties • Read More »
Fat Rosie’s Taco and Tequila Bar, the creation of veteran restaurant owner Scott Harris, has opened its fourth Chicago-area Mexican concept restaurant, leasing space at Lincolnshire Commons. This is the seventh restaurant currently operating at Lincolnshire Commons which is owned and managed by an affiliate of Next Realty, LLC.Jonathan Hyman of Metro Commercial represented Fat Rosie’s in the lease • Read More »
The chef, who ran the kitchen at Roister from Alinea Group until December 2018, will open Brochu’s in early summer at 1523 W. Chicago Ave. in the former Natalino’s space. What do you do after leaving your position helming a Michelin-starred kitchen? If you’re chef Andrew Brochu, you get back to your roots. Brochu, who • Read More »
An affiliate of Next Realty, LLC has acquired Hillside Terrace Shopping Center, a 17,000-square-foot neighborhood shopping center at 2728 – 2744 Hillside Drive in Delafield, Wisconsin. The purchase price for Hillside Terrace Shopping Center, the seventh acquisition for Next Realty Fund IX, LP, a fully diversified investment vehicle, was not disclosed. The property is now • Read More »
An affiliate of Next Realty, LLC announced the acquisition of Arlington Executive Plaza, a medical and general office complex consisting of six single-story buildings located at 3335 – 3385 N. Arlington Heights Road, Arlington Heights, Illinois. Terms of the acquisition—the fourth for Next Realty Fund IX, LP, a fully diversified investment vehicle—were not disclosed. The six buildings • Read More »
ARLINGTON HEIGHTS -- An affiliate of Next Realty, LLC has acquired Arlington Executive Plaza, a medical and general office complex consisting of six, single-story buildings located at 3335--3385 N. Arlington Heights Road in Arlington Heights. Terms of the acquisition were not disclosed. The six buildings at Arlington Executive Plaza total approximately 62,500 square feet of • Read More »
ARLINGTON HEIGHTS, ILL. — Next Realty Fund IX LP has acquired Arlington Executive Plaza, a medical office complex consisting of six single-story buildings in Arlington Heights. The purchase price was not disclosed. The buildings total approximately 62,500 square feet and are situated on more than 6.2 acres of land. The property is 90 percent leased • Read More »
RE Journals Next Realty's Marc Blum was honored this year in Midwest Real Estate News Commercial Real Estate Hall of Fame issue, which highlights the careers of successful CRE pros in the Midwest. Years in the business: More than 25 Making an impact: During his career, Marc Blum, president and chief operating office of Skokie, Illinois-based Next • Read More »
RE Journals A joint venture partnership between Stocking Urban, LLC and Next Realty, LLC completed the acquisition of 838–846 W. Altgeld Street, a 12-unit multifamily property located in the Lincoln Park neighborhood of Chicago. The seller was a longtime private owner. The purchase price was undisclosed. The two-building property was built from 1905 to 1915 to house workers from • Read More »