Archive | Illinois Real Estate Journal

Industry veteran returns to Lee & Associates

August 31, 2015 Joseph Vargas has returned to Lee & Associates -- which runs several offices in the Midwest -- in an advisory role. Read more...

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Looking for that mix of urban and suburban living

August 31, 2015 Elie Rieder has no doubt that the multifamily market in Chicago has plenty of boom years left. That's why his company, Castle Lanterra Properties, has purchased its first multifamily property in the city, the former Southgate Apartments in the Mt. Greenwood neighborhood on the south side of Chicago. Read more...

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Home Builders Association of Greater Chicago: City’s affordable requirements ordinance unconstitutional

August 28, 2015 Chicago-based law firm, Much Shelist, has filed a complaint in the Circuit Court of Cook County on behalf of the Home Builders Association of Greater Chicago (HBAGC) and Hoyne Development, LLC, stating that the requirements of the city's Affordable Requirements Ordinance are unconstitutional. Read more...

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Build-out complete for Highland Solutions’ Chicago Board of Trade office

August 28, 2015 J.C. Anderson, Inc. has completed an office build-out for Highland Solutions at the Chicago Board of Trade, 141 W. Jackson Boulevard, in Chicago. Read more...

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ML Realty Partners welcomes new leasing associate

August 28, 2015 Matthew Novak has joined ML Realty Partners LLC, as leasing associate, according to Patrick Shannon, vice president of the firm. Novak will coordinate with outside brokers to lease available space for ML Realty Partners in the Chicagoland market. Read more...

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First Hospitality Group’s Stephen Schwartz gets Lifetime Achievement Award

August 28, 2015 Hilton Worldwide has awarded Stephen Schwartz, chairman of First Hospitality Group, Inc. based in Rosemont, Illinois, with the Lifetime Achievement Award. Read more...

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NGKF’s Greg Kirsch on advice: ‘Become indispensable to those around you’

August 28, 2015 With the real estate spectrum being so broad, it’s not uncommon for people in other professions to take a chance at brokerage. That’s what happened to Greg Kirsch, executive managing director at Newmark Grubb Knight Frank, who originally practiced as an attorney and realized it wasn’t the right fit for him. Instead, after an employee turned him to brokerage, he eventually found his niche as a local retail landlord and tenant rep at Baum Realty where he spent 10 years. Read more...

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Firsel Ross founding partner Philip Ruben rejoins the firm as Of Counsel

August 28, 2015 Philip Ruben has rejoined law firm Firsel Ross as Of Counsel to the firm's established team of commercial real estate and corporate attorneys at its principal office in Bannockburn, Illinois, according to the firm. Read more...

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Retail Properties of America adds new chief financial officer and treasurer

August 28, 2015 Retail Properties of America, Inc. recently announced the new hire of Heath Fear as its new chief financial officer and treasurer. Read more...

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Why Realtors need to work to preserve 1031 exchanges

August 28, 2015 With the Presidential election campaigning in full swing, politicians running for office will eventually be offering up their views on any number of pro-growth tax reforms. For the real estate industry, one of the most notable real estate provisions at risk—1031 like-kind exchanges—empowers both businesses and individual property owners to roll over their capital into new investments that spur economic activity across the country. Read more...

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