Saturday, March 26, 2016

Foxford Opens New Phase of Somerset Townhomes in Downtown Lake Zurich, IL


Peter Brennan
CHICAGO, IL  – Hinsdale, Ill.-based Foxford Communities will hold a grand opening on Saturday, April 9 and Sunday, April 10, from 11 a.m. – 4 p.m. to debut its decorated model of the newly designed townhomes in phase three of Somerset Townhomes, a community of 39 upscale townhomes along the lakefront in downtown Lake Zurich, Ill.

Located on West Main Street between Lakeview Place and Old Rand, Somerset Townhomes provides a maintenance-free, lakeside lifestyle within walking distance to numerous restaurants and shops in downtown Lake Zurich. 

The first two phases of the community, which included 27 homes, are now completely sold out. Phase three will include 12 townhomes all with direct views of the nearby lake and Breezewald Park, completing the 39 luxury townhomes planned for the Somerset Townhomes community.

“Building in phases has given us the opportunity to listen to our buyers and refine our floor plans to provide additional features that will continue to exceed buyers’ expectations,” said Peter Brennan, president of Foxford Communities.

 “The newly decorated model home will showcase a refreshed, spacious interior with a flexible layout and high-end finishes. However, the breathtaking views of Lake Zurich will be the ultimate showstopper in these homes.”

For a complete copy of the company’s news release, please contact:

Kelly Shumaker, kshumaker@taylorjohnson.com, 312-267-4519

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Mortgage Bankers Association Creates the Task Force for a Future Secondary Mortgage Market


 
Rodrigo Lopez


WASHINGTON, DC - The Mortgage Bankers Association (MBA) announced the creation of the Task Force for a Future Secondary Mortgage Market.  This Task Force was created with the objective of developing a proposal that will address the future of the Secondary Mortgage Market, and in particular, an end-state model that can also fulfill an affordable housing/duty to serve mission. The Task Force anticipates completing this proposal by the end of the year.

Members of this Task Force are made up of individuals from MBA member companies representing a broad cross-section of the residential and multifamily real estate finance industries, including entities of varying sizes and business models.  

The Task Force will be chaired by Rodrigo Lopez, CMB, Executive Chairman of NorthMarq Capital Finance and Chairman-Elect of MBA.

“A strong, sound secondary mortgage market is paramount to the overall success of the real estate finance industry. That is why it is of the utmost importance that policymakers and stakeholders create a strong and stable system that ensures liquidity, affordable mortgage credit and serves consumers,” said Lopez.

Angela Mago
In addition to Lopez, members of the Task Force for a Future Secondary Mortgage Market include:

David Battany, Guild Mortgage Company
Scott Bassin, PNC Real Estate
Jon Baymiller, NYCB Mortgage Company, LLC
Teresa Bryce Bazemore, Radian Guaranty Inc
Keith Bickel, Bank of America Home Loans
Byron Boston, Dynex Capital, Inc.
Jeff Bode, Mid America Mortgage, Inc.
Michael Bright, PennyMac Financial Services, Inc.
Pete Carroll, Quicken Loans, Inc.

Hank Cunningham, First Mortgage Company, LLC
Denise DesRosiers, JP Morgan Chase
Peter Donovan, CBRE Capital Markets

Teresa Bryce Bazemore
David Durning, Prudential Mortgage Capital Company
Tari Flannery, M&T Realty Capital Corporation
Raghu Kakumanu, Wells Fargo Home Mortgage
Angela Mago, KeyBank Real Estate Capital

Mike May, Cantor Commercial Real Estate
Tom Millon, Capital Markets Cooperative, LLC
A.W. Pickel, III, LeaderOne Financial Corporation
Julie Piepho, Cornerstone Home Lending, Inc.
Pat Sinks, Mortgage Guaranty Insurance Corporation (MGIC)
Debra Still, Pulte Mortgage LLC
Bob Stout, Q10 Capital, LLC


 For a complete copy of the company’s news release, please contact:

Rob van Raaphorst
(202) 557-2799



HFF secures $49.85 million financing for development of Residence Inn Silicon Valley near San Francisco, CA


Residence Inn by Marriott Silicon Valley, San Carlos, CA

 
James Fowler
NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $49.85 million in first lien construction financing for the development of the 204-room Residence Inn by Marriott Silicon Valley in the San Francisco Bay Area community of San Carlos, California.

HFF worked on behalf of the borrower, R.D. Olson Development, to secure the three-year, floating-rate loan with two one-year extensions through a diversified financial services company.  Loan proceeds will be used to develop the hotel.

The four-story, select-service hotel will feature 1,500 square feet of meeting space, a convenience market, fitness center, outdoor pool and spa, sport court and outdoor patio with fire pit.  The hotel will be completed in 2017.

 Located in San Carlos, an affluent Silicon Valley suburb halfway between San Francisco and San Jose, the hotel will sit on a 3.92-acre site at the northeast corner of Industrial Road and East San Carlos Avenue.  Highway 101 runs along the eastern boarder of the site, which is next to San Carlos Airport and near some of the world’s largest tech companies.

The HFF debt placement team representing the developer was led by managing director James Fowler.

“R.D. Olson Development, a leading owner and developer of hotels, has earned a reputation for delivering high-quality projects and creating immense value,” Fowler said.  “The proposed quality of finish and amenities for the hotel, combined with its superb location and excellent brand in Marriott, will certainly carry on that tradition of excellence.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com



HFF closes $25.46 million sale of premier low-rise office campus in Southern California’s South Bay area


Torrance Pointe, Torrance, CA


 
Andrew Harper
LOS ANGELES, CA –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Torrance Pointe, a three-building, 145,280-square-foot, low-rise office campus in Torrance, California.

HFF represented the seller, Amstar Capital, in the transaction.  Montana Avenue Capital Partners purchased the asset all cash for $25.46 million.


Torrance Pointe is located at 21041, 21061 and 21081 S. Western Avenue just off of Torrance Boulevard, one of the main arterial roadways in Southern California’s South Bay area.

 This location provides easy access to the San Diego Freeway (1-405) and the Pacific Coast Highway, connecting the property to the affluent neighborhoods of Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates and Manhattan Beach.

 The three-story buildings share a common area space at the convergence of the three buildings with the potential to redevelop it into a unique tenant recreation area.  The 97-percent-leased property, adjacent to Honda’s U.S. headquarters, is home to tenants including Honda Motor Company, AT&T and Hitachi Transport System.

The HFF investment sales team representing the seller was led by director Andrew Harper.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


Friday, March 25, 2016

HFF closes $54 million sale of aloft and element Lexington in suburban Boston, MA


Aloft Lexington Hotel and Element Lexington Hotel, Lexington, MA


Denny Meikleham
BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the 136-room aloft Lexington and the 123-room element Lexington, two hotels situated in the northwest Boston suburb of Lexington, Massachusetts.

HFF marketed the property on behalf of the seller, Rockwood Capital, LLC.  A confidential buyer purchased the hotels for $54 million, unencumbered by management.

The aloft and element Lexington hotels were developed in 2008 as prototypes for the brands and are the only Starwood select-service/extended-stay products along Route 128 in suburban Boston. 

The aloft offers hotel guests light grab-and-go dining, the w xyz bar, an indoor swimming pool, business center, game room, fitness room, meeting room and complimentary shuttle service.

 The element features complimentary breakfast, evening reception, an indoor swimming pool, business center, fitness room, meeting room and complimentary shuttle service. 

The hotels are situated on a 12.7-acre site at 727 Marrett Road at the intersection of Interstate 95/Route 128 and Route 2A in Lexington, about 16 miles northwest of Boston. 

Alan Suzuki
Within a five mile radius of the hotels exists more than 15 million square feet of office space, occupied by top corporate demand generators VistaPrint, Shire Pharmaceuticals and Raytheon.

The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.


For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


HFF closes $32.1 million sale of grocery-anchored retail center near the Jersey shore

  
The Plaza at Cape May Court House, New Jersey

Chris Munley
PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $32.1 million sale of The Plaza at Cape May Court House, a 163,629-square-foot, grocery-anchored retail center in the coastal community of Cape May Court House, New Jersey.

HFF marketed the property on behalf of the seller, Polimeni International, LLC.  An affiliate of RW Capital Partners, Inc. purchased the asset free and clear of existing debt.

The Plaza at Cape May Court House is located at 11 Court House South Dennis Road in Cape May, one of the most visited tourist destinations on the East Coast with more than 12.5 million visitors annually.

 Positioned off of Route 9, the gateway to the Jersey shore, the center is at the termination of Stone Harbor Boulevard, one of the main thoroughfares to the Stone Harbor and Avalon shore destinations. 

The Plaza at Cape May Court House is 97.6 percent leased to a variety of national and regional tenants, including ACME Markets (ACME), Marshalls, Staples, CVS Pharmacy, Pier 1 Imports, Alfredo’s Pizza, Chopsticks Restaurants, Melini Hair Care, GNC and Payless ShoeSource.


Jose Cruz
The HFF team representing the seller was led by managing director Chris Munley and supported by senior managing director Jose Cruz and managing director Kevin O’Hearn.

“The Plaza at Cape May Court House is the dominant grocery-anchored retail center within the sub-market,” Munley said.  “The asset is anchored by a high-performing ACME and offers additional upside opportunities in conjunction with a currently strong occupancy rate.”

“Retail continues to remain high on investors list of preferred product types with grocery-anchored centers taking the top spot for institutions and private buyers alike,” Cruz said.

“The Plaza at Cape May Court House acquisition offers RW Capital Partners, Inc. the opportunity to redevelop and reposition a core asset in a desirable market,” noted Robert F. Whalen, Jr., RW Partners managing partner.  

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com



JLL Completes $15.04 Million Phoenix, AZ Condominium Conversion Sale


John Cunningham
PHOENIX, AZ  – In a sign that Phoenix multifamily assets are still in high demand, capital markets experts in the Phoenix office of JLL have completed the $15,046,909 sale of 90 units at Aderra Condominium Residences, near the intersection of Tatum Boulevard and Cactus Road in Phoenix.

The entire Aderra project is comprised of 312 condominiums on eight acres. This 90-unit portion consists of one- and two-bedroom condominiums averaging 1,032 square feet.

JLL Executive Vice President John Cunningham and Senior Vice President Charles Steele represented the property seller, Real Capital Solutions. The property buyer was Pathfinder Partners.

“These 90 units are a great opportunity for an investor to acquire and build value in an improving housing market, within one of metro Phoenix’s most affluent suburbs – while also enjoying the benefit of strong in-place cash flow,” said Cunningham.

Built in 2008, Aderra Condominium Residences is located at 11640 N. Tatum Blvd. in Phoenix, 1.5 miles from State Route 51. Aderra fronts the Stone Creek Golf Course and offers more than 3.35 million square feet of retail shopping—including the 1.5 million-square-foot Paradise Valley Mall—within one mile of the property.

Aderra has three subterranean parking garages with elevators to deliver residents directly to their unit floor. It provides open floorplans with above-average 10- and 11-foot ceilings, gourmet-style kitchens, Energy Star GE stainless steel appliances, custom wood cabinetry, gas fireplaces and oversized closets. Property amenities include gate access, fitness center, pet areas, resort-style pool and spa, and direct golf course access.

   
For a complete copy of the company’s news release, please contact:

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195



MBA Opens Doors Foundation Named an Official Charity Partner of the 2016 TCS New York City Marathon Set for Sunday, Nov. 6, 2016


Debra Still
New York City, NY —The Mortgage Bankers Association Opens Doors Foundation was named an Official Charity Partner of the 2016 TCS New York City Marathon. The race will take place on Sunday, November 6, 2016.

“MBA Opens Doors is thrilled to partner with the TCS New York City Marathon as an official charity partner,” said Debra Still, CMB, Chairman of the Foundation and President and CEO of Pulte Mortgage.

“The TCS New York City Marathon provides a dynamic platform for our dedicated charity runners to raise significant funds and increase awareness for important causes that are special to them. W

"e are looking forward to supporting and celebrating our runners, as they undertake this rewarding journey on behalf of families trying to keep their home while caring for a hospitalized child.”

Approximately 340 official charity partners will be part of the 2016 TCS New York City Marathon.

For most families, the fear of losing a home is second only to the sense of panic that comes with the need to care for a loved one who is suffering from a major illness – especially if they are a child. The MBA Opens Doors Foundation was developed as an industry association model for utilizing both expertise and resources to help individuals and families facing housing challenges associated with the significant cost of care for a seriously ill child.

Michael Rodgers
 Opens Doors is currently able to pass 100 percent of the donations it receives on to families in need of assistance. 

The Foundation’s ongoing relationship with children’s hospitals in Washington D.C., Boston, Massachusetts, Dallas-Ft. Worth, Texas, Denver, Colorado, and Houston, Texas identifies potential grant recipients.

“We welcome MBA Opens Doors Foundation as an official charity partner of the 2016 TCS New York City Marathon,” said Michael Rodgers, Vice President of Development and Philanthropy for New York Road Runners. 

“Our official charity partner program is one of the TCS New York City Marathon’s most meaningful elements, providing thousands of participants with the opportunity to run for causes significant to them, while raising critical funds for hundreds of inspiring non-profit organizations. We wish the best to all of these runners as they begin their extraordinary journey to the 2016 TCS New York City Marathon.”

Nichole Wischoff
The 2016 TCS New York City Marathon will feature a talented American and international professional athlete field, charity runners, and thousands of runners of all ages and abilities. 

More than 10,000 volunteers help to support participants across the 26.2-mile race route, which touches each of New York City’s five boroughs, and is lined with more than one million neighbors and guests.

The 2016 TCS New York City Marathon will be broadcast live locally on WABC-TV, Channel 7, and nationally on ESPN2.
  
A very limited number of race spots may become available, MBA members wishing to participate should contact Nichole Wischoff at nwischoff@mba.org.


  
For a complete copy of the company’s news release, please contact:

Ali Ahmad
(202) 557-2727

 



Lincoln Hires Chris Wakefield as Construction Manager in Atlanta, GA

  
Chris Wakefield
ATLANTA (March 25, 2016) – Lincoln Property Company (Lincoln) has hired Chris Wakefield as a construction manager in its Atlanta office.

 Wakefield comes to Lincoln from nationally recognized Brasfield & Gorrie General Contractors, where he spent eight years as a project manager and estimator working a wide range of commercial construction projects. With Lincoln, Wakefield will oversee the firm’s new development and construction for third-party and Lincoln owned assets. 

At Brasfield & Gorrie, Wakefield’s fieldwork included a diverse mix of projects including interior and base building construction spanning from large-scale recreational centers, interior renovations for an Atlanta based mega-church, a build-out for a Ritz-Carlton Residences and preconstruction work on the new Braves SunTrust Stadium, now under construction.

“Chris impressed us with his experience handling high-level work at Brasfield & Gorrie,” said Tony Bartlett, senior vice president of Lincoln who oversees the firm’s Atlanta office. “His wide-ranging experience and attention to detail will be invaluable to us and will help us maintain the high level of service we deliver to our clients and partners.”

Wakefield received a Bachelor of Science in civil engineering from Auburn University’s Samuel Ginn College of Engineering.

For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to www.lpcsoutheast.com/blog. 

For a complete copy of the company’s news release, please contact:

Laura Rispin • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
M: 404-630-0148

www.thewilbertgroup.com

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Thursday, March 24, 2016

$8.65 million sale of 1609 alton road in miami beach, FL arranged by marcus & Millichap

  
1609 Alton Road, Miami Beach, FL
 
Scott C. Sandelin
 MIAMI BEACH, FL,  March 24, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1609 Alton Road, an 8,700-square foot, mixed-use property located in the heart of South Beach. The asset sold for $8,650,000.

            “We are seeing some rents for retail space on Lincoln Road topping more than $300 per square foot,” says Scott C. Sandelin, a vice president investments in Marcus & Millichap’s Miami office.

“This is leading many retailers to seek space in close proximity to, rather than directly on, Lincoln. With the renovation of Alton Road, properties near Lincoln Road have become even more desirable to investors.”

Sandelin and Alejandro D'Alba, an associate in Marcus & Millichap’s Miami office, represented both the seller of the property, a limited liability company from Miami Beach, and the buyer, a limited liability company from New York.

“The buyer has a unique opportunity to up-lease the property as leases expire and the investment also offers development potential in one of the most coveted markets in the country,” adds D’Alba.


Alejandro d'Alba
1609 Alton Road consists of a two-story, mixed-use building with 4,500 square feet of retail space and 4,200 square feet of office space. Built in 1947, the building underwent a complete renovation in 1985. The property is currently 100 percent leased to a nail salon, liquor store and medical office tenant.

The property is located on a 7,500-square foot lot steps away from Lincoln Road Mall. A multi-parcel property located directly across the street is set to be demolished and replaced with an 83,000-square foot multi-story, high-end retail and parking complex.

      
For a complete copy of the company’s news release, please contact:


Kirk A. Felici
First Vice President/Regional Manager
 Miami, FL

(786) 522-7000

NAI Realvest Negotiates Sale of Industrial Condo at Monroe CommerCenter IV in Sanford, FL


Anne Rue

Michael Heidrich
 ORLANDO,  Fla. – NAI Realvest recently negotiated the sale of an industrial condo at 4260 Church St. at Monroe CommerCenter IV in Sanford for $247,500.00

Michael Heidrich, a principal at NAI Realvest and Associate Patty Nolff negotiated the transaction representing the seller and developer Small Bay Partners, LLC of Maitland.

Anne Rue, LLC of Lake Mary purchased units 1300 and 1316 with 3,750 useable square feet for an interior design business.  

David Lundberg of Commercial Equity Partners represented the buyer.


For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com.

      

Meridian Capital Group Arranges $8.75 Million in CMBS Financing for the Purchase of Four Short-Term Rental Properties Located in Miami Beach, FL

  




 New York, NY – Meridian Capital Group, America’s most active debt broker, arranged $8.75 million in CMBS financing for the acquisition of four multifamily properties in Miami Beach, FL.


The 10-year loan, provided by a CMBS lender, features a competitive fixed-rate and five years of interest-only payments. This transaction was negotiated by Meridian Managing Director, Noam Kaminetzky, who is based in the Company’s Boca Raton, FL office.

The four multifamily properties total 31 units and are of only a few nearby properties that currently hold hotel licenses for short-term rental use. Located in the South Beach neighborhood at 1536 Jefferson Avenue, 1440 Pennsylvania Avenue, 1534 Euclid Avenue and 1032 Michigan Avenue, the properties are situated just blocks from Miami’s trendiest restaurants, nightclubs, beaches and boutiques.


“The borrower had this deal in process with another lender who changed the structure with less than 30 days before the scheduled closing,” explained Mr. Kaminetzky. “When approached by the sponsor, Meridian secured a term sheet within days and quickly closed the loan in a tight timeframe,” he added.

Founded in 1991, Meridian Capital Group is America’s most active debt broker and one of the nation’s leading commercial real estate finance advisory firms. 

In 2015, Meridian closed over 3,900 loans totaling more than $35 billion in transaction volume with 210 unique lenders, equating to $135 million per business day. 


For a complete copy of the company’s news release, please contact:

Jonathan Stern
Meridian Capital Group
212/972-3600


www.meridiancapital.com



Wednesday, March 23, 2016

Interstate Equities Corp. Announces Final Closing of IEC Institutional Fund III LP With $200 Million of Equity Commitments


Marshall Boyd
LOS ALTOS, CA, March 23, 2016 – Interstate Equities Corporation (IEC), an institutional fund manager that invests in California apartment communities, has announced the final close of IEC Institutional Fund III, L.P., a fully discretionary, commingled fund with $200,000,000 in equity commitments.

According to Marshall Boyd, who co-leads IEC as President alongside Julia Boyd Corso, IEC Institutional Fund III is the firm’s largest fund to date, comprised of equity commitments from new and repeat investors, including family offices, endowments, foundations and corporate pension plans.

“Our firm specializes in renovating and repositioning apartment communities in California, with a focus on assets that are often under 100 apartment units, although our range is 20-400 units,” explains Boyd. “

“IEC continues to strategically acquire assets in the Bay Area and the best of Southern California.  Both are large, infill markets which we know well. The ability to raise this capital in about a year attests to the strength of our strategy, our team, and to the integrity of our business platform. 

“We look forward to working with this group of investors for a long time and are honored to do so.”           

For a complete copy of the company’s news release, please contact:

Katie Kea or Jenn Quader
Brower, Miller & Cole
(949) 955-7940



George Smith Partners Secures $19.9 million in Bridge/Rehab Financing to Fund Creative Office Build-to-Suit in Portland, OR


Malcolm Davies
PORTLAND, OR (March 23, 2016) – Commercial real estate investment banking firm George Smith Partners has successfully secured $19.9 million in bridge/rehab financing for a creative office build-to-suit in downtown Portland that will serve as new offices for global sports apparel brand Under Armour. 

The financing was arranged by George Smith Partners’ Principal Malcolm Davies, along with Kyle Henrickson, a Senior Vice President and Teddy Stutz, a Vice President with the firm.

“This is a high-profile project that will support the global expansion of an innovative and respected retail giant,” says Davies.  “Under Armour signed a 15-year lease for the building on the condition that the project is reconfigured into a creative office campus, which will be the first of its kind in the Portland market.

“The loan we arranged will help our client, the building owner, to begin construction and complete the project within the timeframe specified in the executed lease.”

The planned construction will transform the existing 68,698 square-foot special purpose single-tenant building, which was the former home of the local YMCA, into a 108,698 square-foot campus environment for Under Armour.

Kyle Henrickson
“Based on the unique and customized plan for this project, finding comparable properties for lenders’ consideration was especially difficult,” says Davies.  “In addition, the scope of work required for the planned conversion of the asset introduced added risk to the deal.”

George Smith Partners drew upon Under Armour’s status as a high-quality credit tenant with a 15-year in-place lease, and demonstrated the various options the client has for take-out financing upon the tenant taking occupancy.  

Further, Davies notes that his team focused on the construction-ready status of the project to demonstrate its strength.

“The building owner had already presented a permit-ready plan to the City for review and approval, which gave the lender added confidence in the execution and timeframe for the project,” explains Davies.  “Ultimately, we were able to identify a capital provider that recognized the value in the project, and the opportunity in this loan.”

For a complete copy of the company’s news release, please contact:

Jenn Quader / Courtney Williams
Brower, Miller & Cole
(949) 955-7940

KTGY Architecture + Planning Hosts Open House for New Chicago Office

  
David M. Kennedy
CHICAGO, IL (March 23, 2016) — The Chicago/Midwest office of KTGY Architecture + Planning, an award-winning national architecture and planning firm, hosted an open house at its new location at 343 West Erie Street in Chicago earlier this month.

The event, attended by local industry leaders, featured a robust discussion on Chicago’s housing market based upon a presentation by John Burns Real Estate Consulting.

“Establishing the KTGY Chicago office combines the 25 years of experience that Craig and I bring designing residential, mixed-use and retail projects locally, with 25 years of KTGY’s exceptional national track record in those same sectors,” said David M. Kennedy, AIA, LEED AP, principal at KTGY Architecture + Planning’s Chicago/Midwest office.

 “This event was the ideal opportunity to welcome clients, partners and friends to our new Chicago office, introduce KTGY, and share critical market insights.”

For a complete copy of the company’s news release, please contact:

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527