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Member Forbes Real Estate Council More than a decade ago, I concluded that the adage “location, location, location” was outdated — apologies to its presumed author, Lord Harold Samuel.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 […]
Next Realty’s Multi-Solution™ Strategy Keeps Company Current
Next Realty believes investment philosophies should evolve and adapt to align with shifting markets, changing industries and maturing investor goals and objectives. The company was established in 1998 to grow and manage investments in neighborhood retail centers. Over time, Next’s portfolio grew to include industrial, residential and redevelopment projects in targeted metropolitan markets. A constant strength of the firm has been the ability to acquire properties in strong locations and execute sound, quality business plans through hands-on property and asset management. The principals of the firm began formulating and guiding the evolution of Next’s investment approach to […]