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Forbes Real Estate Council More than a decade ago, I concluded that the adage “location, location, location” was outdated — apologies to its presumed author, Lord Harold Samuel.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