In the Media

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

GlobeSt.com / 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 »

Ex-Sports Authority Spaces Going Fast

Ex-Sports Authority Spaces are Going Fast / By Brian J. Rogal - Great locations still have appeal, and retail landlords are going after tenants that can resist e-commerce. CHICAGO—The demise of The Sports Authority left some big holes in Chicagoland’s retail market, but landlords have already filled much of that space. Next Realty, LLC just completed • Read More »

Neighborhood Centers Provide Protection From The Internet

May 23, 2017 Neighborhood Centers Provide Protection From The Internet By Brian J. Rogal CHICAGO—E-commerce may have hit many retailers hard, but smaller, service-oriented centers continue drawing in tenants and investors. CHICAGO, LAS VEGAS—ICSC’s RECon event began yesterday in Las Vegas, and even though the challenge presented by internet sales is on the minds of many, • Read More »

Next Realty’s 620 N. LaSalle Featured in Crain’s Chicago Business

Former Sports Authority building targeted for River North offices ​/ By Steven R. Strahler - The former Sports Authority site in River North could be redeveloped as a 17-story office project—unless the vacant eight-story building is rehabbed sooner for a less-patient tenant. The vintage 80,000-square-foot building at LaSalle and Ontario streets, which Skokie-based Next Realty has • Read More »