In the Media

JV Picks Up Century-Old Lincoln Park MF

Connect Chicago, Commercial Real Estate News A joint venture partnership between Stocking Urban LLC and Next Realty has completed the acquisition of 838 – 846 W. Altgeld, a 12-unit multifamily property in the North Side’s Lincoln Park neighborhood. The seller was a longtime private owner. The purchase price was undisclosed.The two-building property was completed in • Read More »

Next Realty Completes Backfilling Its Sports Authority Vacancies

Next Realty has now backfilled all five of its vacant Sports Authority sites, with Big Lots signing up to occupy 48,849 square feet at the defunct sporting goods chain’s Merrillville, IN location. The new lease relocates Big Lots from an end-cap position in the same shopping center, and paves the way for the opening of • Read More »

Suburban Executives Honored for Outstanding Work

Fifteen Chicago and suburban executives were recognized for their excellence in leadership and service Thursday at the annual C-Suite Awards hosted by the Daily Herald Business Ledger and its sponsoring partners. 2018 C-Suite of the Year honorees: • Stephen Ball, senior vice president, business banking manager, MB Financial Bank N.A., Chicago • Steve Banke, CEO, • Read More »

Real Estate Forum’s Influencers in Retail

Real Estate Forum   Andrew S. Hochberg started his own real estate firm in 1998 after rising to the position of chief executive officer of Sportmart and negotiating its merger with Gart Sports, a move which created the second largest sporting goods retailer in the US. He called his new venture Next Realty, as he • Read More »

Co-working firm Spaces to take over Sports Authority building in River North

Chicago Tribune Co-working firm Spaces plans to take over an eight-story River North building previously leased to Sports Authority, continuing a trend of large retail spaces being converted to new uses. Spaces said it has leased the entire 78,265-square-foot building at 620 N. LaSalle Drive long known for the distinctive Sports Authority sign adorned with • Read More »

Next Realty affiliate acquires 51,000-square-foot industrial property in Nashville

Real Estate Journals    An affiliate of Next Realty recently completed the acquisition of a 51,000-square-foot industrial facility at 575 Brick Church Park in Nashville, Tennessee. This marks the first industrial acquisition for Next Realty, which recently expanded the scope and direction of its acquisition philosophy to include industrial properties in select markets across the • Read More »

Healthcare Providers a Perfect Fit For Vacant Big Boxes / by Brian J. Rogal CHICAGO—Big box retailers have shuttered a score of locations across the nation in recent years, with many more to come, and one of the big challenges facing property owners these days is figuring out how to respond. Skokie, IL-based Next Realty, LLC has found perfect solutions for several locations, including a • Read More »

Shuttered Lakeview big box store to become new medical facility

Chicago Curbed / AJ LaTrace -   A shuttered commercial block at the busy Clark and Halsted intersection in Lakeview is set to be refreshed and repurposed as a new medical facility. Advocate Medical Group and partner Advocate Illinois Masonic Medical Center have inked a lease with property owner Next Realty, LLC to transform the space • Read More »

Next Realty leases former Wrigleyville Sports Authority space to Advocate

RE Journals - Affiliates of Next Realty completed a long-term lease with Advocate Health Center that will convert the former Wrigleyville Sports Authority into a new medical office center. The property located at 3154 N. Clark St. includes 40,000-square-feet of ground floor space, 10,100-square-feet of basement space and a two-story parking garage for 115 vehicles. The • Read More »