CRE N Illinois

Steve and Randy Fifield: Creating a top real estate development company in Chicago

fifield

The husband-and-wife team of Steve and Randy Fifield have combined to make Chicago's Fifield Companies one of the premier commercial real estate developers in the country.

Steve and Randy Fifield Fifield Companies Chicago

The husband-and-wife team of Steve and Randy Fifield have combined to make Chicago's Fifield Companies one of the premier commercial real estate developers in the country.

In the last 30 years, Steve Fifield, the company's chairman and chief executive officer, has been recognized as one of Chicago's most prolific developers of urban in-fill high-rise office and residential buildings.

During his career, he has built more than 8 million square feet of office developments. This includes 10 office buildings in downtown Chicago, including the Pepsico regional headquarters at 555 W Monroe, USG World headquarters at 550 W Adams, the Chicago Transit Authority’s headquarters and the landmark renovation of the city's prized Civic Opera building.

Randy Fifield, the company's vice chairman and principal, has also made a positive impact on the city and her industry. In 1999, she initiated Fifield’s residential focus beginning with the seven-building Gotham Lofts and Clinton Complex comprising 460 loft condominiums in Chicago. She also spearheaded the first high-rise rental tower in the West Loop neighborhood of Chicago, 180 N. Jefferson. That project brought 283 units to the neighborhood and helped spur future development in what has become one of the city's hottest neighborhoods.

From there, Randy Fifield grew Fifield Companies' residential portfolio to 5,000 units of high-rise apartments and condominiums in Chicago, Los Angeles, Las Vegas, southeast Florida and Waikiki.

And Fifield Companies is far from done, in either Chicago or the rest of the country. The firm plans another million-plus square feet of offices on two more West Loop sites at 601 W. and 625 W. Monroe St.

Expanding its reach outside Chicago, in 2010 the Fifields joined Michael Sorochinsky to form Century West Partners, a Los Angeles-based multi-family developer. Century West boasts 12 projects made of more than 1,600 units in progress in Los Angeles and Santa Monica, including the Avant Apartments in downtown Los Angeles, K2 LA in that city's Koreatown neighborhood and Gibson House in Santa Monica.

Century West is processing another four projects for approval in Santa Monica on 2nd Street, Lincoln Boulevard and Wilshire Avenue for 2013 starts.