Location, Liquidity, Luck®: A Different Way to Look at Real Estate Investing
More than a decade ago, Next Realty’s Founder, Andy Hochberg, was contemplating the state of the commercial real estate industry. He believed then that the age-old precept, Location, Location, Location no longer held true. He concluded that a AAA location, alone, no longer guaranteed a property’s success. In its place, Andy coined the phrase: Location, […]
The Next Perspective on the State of the Capital Markets
Local, regional, and national statistics reflect that real estate investment activity remains lower in 2020, comparatively speaking. That comes as no surprise to Next Realty’s Nextperts®: Managing Director, Eteri Zaslavsky, and Director of Acquisitions and leader of the Next Equity Program (NEP), Branko Kuzmanovic. Most investors and owners continue to assess their properties to better […]
Amid The Wreckage, Some Retail Thrives, But Landlords Will Have To Work Harder To Get Those Tenants
The retail sector suffered tremendous reverses in 2020, but even in the midst of what some call a “retail apocalypse,” bright spots also appeared. Some tenants took advantage of the troubled market to sign favorable deals, launch new types of businesses or learn how to use the internet to sustain sales. That has kept many properties […]
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 […]
Next Realty Modernizes 620 N. LaSalle, Converts it to Office Use
After completing comprehensive redevelopment and repositioning at the iconic 620 North LaSalle building in River North, an affiliate of Next Realty, LLC welcomed coworking firm, Spaces, into the newly renovated office building. Spaces, a subsidiary of IWG, moved into the eight story, 80,000-square-foot building and began operations in September. Modernizing an Icon Next Realty completed […]