In the Media

Bisnow: This Week’s Chicago Deal Sheet

Taken from an article written by Brian Rogal | Bisnow Chicago SALES An affiliate of Next Realty acquired 935 Lakeview Parkway, a single-story, 47K SF office building in north suburban Vernon Hills, which expands the firm’s portfolio of single-story properties. Terms of the transaction were not disclosed. The acquisition was financed by Marc Zisook of • Read More »

Becovic, Next Realty JV on Milwaukee Apartment Portfolio

By Paul Bubny A joint venture partnership between Becovic and Next Realty, two Chicago-area real estate investment and management firms, has acquired a 14-building, 232-unit multifamily portfolio within a one-mile radius of Marquette University in Milwaukee. Taylor Grant with Park Equities represented the seller, Wiegand Enterprises LLC. The sale price was $16.15 million. The stabilized • Read More »

Vernon Hills office building purchased by investors

An affiliate of Chicago-based Next Realty LLC has acquired a single-story, 47,000 square-foot office building at 935 Lakeview Parkway in Vernon Hills. Terms of the transaction, made on behalf of Next Realty Fund IX LP, were not disclosed. Tenants at the property include Fred's Pro Shop, an ice hockey equipment and accessories store; Gavel International, • Read More »

2 Chicago real estate firms purchase multifamily portfolio in Milwaukee for $16M

By Katherine Davis | Associate Editor | Chicago Business Journal Two Chicago real estate investment companies have acquired a multifamily property portfolio in Milwaukee for $16.2 million. Becovic and Next Realty purchased the 14-building, 232-unit portfolio from Wiegand Enterprises, which owned the portfolio for about 20 years. The properties are within a one-mile radius of • Read More »

Can You Influence Your Own Luck?

By Andrew Hochberg, Forbes Councils Member Forbes Real Estate Council   More than a decade ago, I concluded that the adage “location, location, location” was outdated — apologies to its presumed author, Lord Harold Samuel. In the aftermath of the Great Recession, I made the case that other factors, specifically liquidity and luck, had earned their rightful • Read More »

Can Your Credit Tenant Become Your Primary Risk?

By Andrew Hochberg, Forbes Councils Member Forbes Real Estate Council   Commercial real estate investors often employ a strategy to lower asset risk by leasing all or a significant portion of space to a strong credit tenant. Typically, that strategy contributes to predictable cash flow and enhanced property values for investors. In certain assets, that • Read More »

The Shift In Office Leasing Demand Requires Further Evolution, Innovation

The culmination of events that took place during and leading up to 2020 triggered the biggest shift in office leasing in U.S. history. The implications have led owners to re-evaluate their assets and occupiers to re-evaluate their office needs, with both looking for opportunities to bring innovation and flexibility into their space. This trend has • Read More »

Location, Liquidity, Luck: A Modern Precept in CRE

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 »