Next Realty Affiliate Sells Nagle Plaza in Chicago
Nagle Plaza, the first acquisition for Next Realty Fund VII, was recently sold by an affiliate of Next Realty. The property, located at 6304-6310 Nagle Ave., is a 30,000 square-foot, mixed-use property consisting of retail space and a two-story office building. Located in a busy trade area at the intersection of Milwaukee, Devon and Nagle […]
Andy Hochberg’s Newest Forbes Article
In an article just published by Forbes for the Forbes Real Estate Council, Next Realty CEO and Managing Principal Andrew Hochberg shares his thoughts on appealing to and addressing the needs of high-net-worth investors who make real estate investments through pooled funds. These investors represent a group that is more Main Street than Wall Street […]
Fund X: Fast Out of the Gates
Next Realty Fund X, LP is fully funded and actively pursuing acquisitions throughout the United States, continuing to execute the firm’s commitment to its Multi-Solution™ Strategy. The strategy is designed to balance annual cash-flow distributions with the longer-term potential for value creation. Since December, on behalf of Fund X, affiliates of Next Realty have acquired […]
Leasing Activity Around the Portfolio
Next Realty has experienced strong leasing momentum across its portfolio of properties, particularly its retail properties located in the Chicago metro area. At Wilmette Commons (50-126 Skokie Blvd.) CycleBar has leased approximately 2,800 square feet of space. CycleBar offers a low-impact, high-intensity indoor cycling experience that has become an increasingly popular method of exercise. This […]
The State of Milwaukee Retail is Stronger than Ever
In the Milwaukee area, Next Realty currently owns four retail centers totaling more than 150,000 square feet of space and nearly 300 apartment units including a 12-building portfolio near Marquette University. The Next Perspective recently had a conversation about the state of the retail market in Milwaukee with Kevin Schmoldt who, along with Brian Vanevenhoven, […]