In the Media

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Forbes Real Estate Council   More than a decade ago, I concluded that the adage “location, location, location” was outdated — apologies to its presumed author, Lord Harold Samuel.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 »

Next Realty’s Lincolnshire Commons welcomes Fat Rosie’s Taco and Tequila Bar

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 »

Here’s the scoop on Michelin-starred Andrew Brochu’s new restaurant

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 »

Next Realty makes fifth Milwaukee-area acquisition

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 »

Next Realty Acquires Arlington Executive Plaza Medical/General Office Complex

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 »

Next Realty Acquires Arlington Executive Plaza

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 »