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| Al Stepan |
CHICAGO (April 15, 2016) -
SVN | Chicago Commercial today announced it was named the
second-highest-revenue-grossing office in the SVN network for 2015, marking the
third consecutive year the Chicago office has ranked in the top three among the
network’s 200 international franchises.
The Chicago office, which
posted year-over-year revenue growth of six percent, was recognized at the
full-service brokerage firm’s national conference, held in San Diego this past
February.
Additionally, Chicago
Managing Director Al Stepan was
named “Innovator of the Year” by his SVN peers.
“We are thrilled to again be recognized as a
top-producing office within the SVN network,” said Michael Thanasouras, managing director at SVN | Chicago Commercial.
“We take pride in fostering an environment that encourages individual and
collective success, and this award is a testament to the tireless efforts of
the talented professionals who comprise our entrepreneurial team.”
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| Michael Thanasouras |
Contributing to SVN |
Chicago Commercial’s strong performance in 2015 were a rising number of
middle-market transactions, particularly in secondary and tertiary markets
across the country where prices have been slower to appreciate, fueling
investment activity.
In addition to transactions throughout the
Chicago area, the firm executed deals in cities like Denver, St. Louis,
Cincinnati, Omaha, Phoenix and Miami.
“Across all markets, we
are seeing an uptick in deals between $2 million and $10 million, with most
Chicago-area activity focused on the multifamily sector,” said Thanasouras,
“We’re also seeing some growth in office and industrial – including velocity in
the suburbs – as well as the return of land deals in the city as
transit-oriented developments heat up.”
For a complete copy of the company’s news release,
please contact:
Lehia Franklin Acox,
lfacox@taylorjohnson.com, 312-267-4511
Kim Manning, kmanning@taylorjohnson.com,
312-267-4527
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