Location, Liquidity, Luck: A Modern Precept in CRE

By Andy Hochberg These are interesting and challenging times in commercial real estate. Andy Hochberg of Next Realty shares how these three notions can lead to greater success. For decades, the age-old precept in commercial real estate has been based on location. To reinforce its importance on the viability of a property, the word was • Read More »

Meet One of Our Nextperts®

Jack Ramirez brings more than 30 years of financial and related experience to his role as Vice President of Finance at Next Realty. Throughout his career he has worked at some of the largest and most distinguished names in the commercial real estate industry, in Chicago and nationally. These firms, from the brokerage and development • Read More »

Real Estate Wins and Losses During COVID-19

The effects of the COVID pandemic have been unprecedented. Most notable are the personal stories of those who have been affected through illness, death, the loss of a job, or other catastrophic occurrences. The real estate industry and general business community have also experienced considerable impact. Among the industry’s biggest wins have been businesses related • Read More »

Andy Hochberg in the News

Andy Hochberg Named to Forbes Real Estate Council Next Realty CEO and Managing Principal, Andy Hochberg, has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry. Andy was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for • Read More »

Property Watch

Despite the pandemic and lockdown that began in March, Next Realty has continued to move forward with new transactions and the buildout of spaces at various properties in its portfolio. Following is a summary of these notable events: Lincolnshire Commons Fat Rosie’s Taco and Tequila Bar, the creation of veteran restaurant owner Scott Harris, has • Read More »

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, • Read More »

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 • Read More »

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 • Read More »

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 • Read More »