Next Realty Completes Advantageous Refinancing of Office Property
Next Realty completed a favorable refinancing transaction, arranged by BWE, on Kingsbury Center, a property located at 350 W. Hubbard Street in Chicago, Illinois. The loan features a 25-year term, which is unusual for an office asset. “It’s a challenging market for Chicago office, there’s no question,” Andy Hochberg told CoStar News. “This refinancing transaction […]
Location, Liquidity, Luck® Is More Than a Catchphrase – It’s a Winning Strategy
Andy Hochberg Explains the Importance of L³ Q. What led you to adopt this strategy? We’ve all heard the industry cliché “location, location, location,” and I wanted something new and more relevant to explain our strategy. Location, Liquidity, Luck® not only reflected my observations about what leads to success, but it also offered a way […]
Next Realty Capitalizes on a Thriving Retail Real Estate Market
As the commercial real estate market evolves, the retail sector is thriving. Since new construction has been costly in recent years, the lack of new development has increased demand in many of the locations where Next Realty owns properties. Additionally, aside from specific macroeconomic challenges, such as cost increases and reduced consumer demand in the […]
Sometimes the Best Deals Are the Ones That Don’t Happen
Since Next Realty Fund XI, LP launched in 2024, Next Realty has reviewed hundreds of investment opportunities and pursued a handful of properties that align with the fund’s strategic objectives. Throughout the process, Next Realty has maintained its focus on patience, agility, and diversification. Relying on longstanding relationships, Next Realty gathers high-quality deal flow and […]
Next Realty Welcomes Its Newest Tenant — Aged in Oak
Next Realty is pleased to welcome its newest tenant — Aged in Oak, a community-driven bourbon and whiskey auction house and tasting room — to its property at 935 Lakeview Parkway in Vernon Hills, Illinois. The 47,000-square-foot property, which was acquired by Next Realty Fund IX, LP in June 2021, is adjacent to Hawthorn Mall. […]