Next Realty Refines Acquisition Strategy

Next Realty has countered a dramatically transformed retail landscape—including the extraordinary growth of e-commerce, a shakeout of big box retailers, and an ongoing evolution of brick and mortar retail —with a refinement of the central strategy that has guided the firm since 1998. For 20 years, Next Realty has been known as an investment and • Read More »

Next Realty Makes Acquisitions and Improvements

Since the beginning of the year, Next Realty and its affiliates completed three acquisitions:  a six-building, multi-tenant office complex in Arlington Heights and two parking facilities, one in Washington, D.C. and another in St. Paul, MN. The transactions further underscore the Next Value-Keep® strategy by acquiring diverse assets across various property sectors. Arlington Executive Plaza • Read More »

Meet One of our Nextperts®

Branko Kuzmanovic is the Director of Acquisitions for Next Realty. In that role he is responsible for underwriting new acquisition opportunities and conducting due diligence. He joined the firm in October 2017. Before he joined Next Realty, Branko worked at Home Partners of America, a privately-held real estate investment trust. While there he worked on • Read More »

When Bad Things Happen to Good Properties

To restate a favorite quote from Howard Marks’ book, The Most Important Thing, “Investment success doesn’t come from buying good things, but rather from buying things well.” To that end, Hochberg’s view on investing, in retail properties as well as in other asset classes, is to avoid problem properties. The great challenge, however, is that • Read More »

Next Realty Acquires Washington D.C. Parking Garage

CHICAGO (March, 2019)—An affiliate of Next Realty, LLC is pleased to announce the acquisition of the transient parking portion of the Metropole Condominium Garage located at 1515 15th Street NW, Washington, D.C.  The purchase price for Metropole Condominium Garage was not disclosed. The property is located below The Metropole Condominium Complex. The dynamic, mixed-use project • Read More »

Next Realty Acquires Arlington Executive Plaza Medical/General Office Complex

An affiliate of Next Realty, LLC announced the acquisition of Arlington Executive Plaza, a medical and general office complex consisting of six single-story buildings located at 3335 – 3385 N. Arlington Heights Road, Arlington Heights, Illinois. Terms of the acquisition—the fourth for Next Realty Fund IX, LP, a fully diversified investment vehicle—were not disclosed. The six buildings • Read More »

Next Realty Acquires Arlington Executive Plaza

ARLINGTON HEIGHTS -- An affiliate of Next Realty, LLC has acquired Arlington Executive Plaza, a medical and general office complex consisting of six, single-story buildings located at 3335--3385 N. Arlington Heights Road in Arlington Heights. Terms of the acquisition were not disclosed. The six buildings at Arlington Executive Plaza total approximately 62,500 square feet of • Read More »

Next Realty Acquires Medical Office Property in Arlington Heights, Illinois

ARLINGTON HEIGHTS, ILL. — Next Realty Fund IX LP has acquired Arlington Executive Plaza, a medical office complex consisting of six single-story buildings in Arlington Heights. The purchase price was not disclosed. The buildings total approximately 62,500 square feet and are situated on more than 6.2 acres of land. The property is 90 percent leased • Read More »

Next Realty Acquires Arlington Executive Plaza Medical/General Office Complex

CHICAGO - An affiliate of Next Realty, LLC is pleased to announce the acquisition of Arlington Executive Plaza, a medical and general office complex consisting of six, single-story buildings located at 3335 – 3385 N. Arlington Heights Road, Arlington Heights, Illinois. The purchase price for Arlington Executive Plaza, the fourth acquisition for Next Realty Fund IX, • Read More »

Midwest Commercial Real Estate Hall of Fame 2018

RE Journals Next Realty's Marc Blum was honored this year in Midwest Real Estate News Commercial Real Estate Hall of Fame issue, which highlights the careers of successful CRE pros in the Midwest. Years in the business: More than 25 Making an impact: During his career, Marc Blum, president and chief operating office of Skokie, Illinois-based Next • Read More »