Is Chicago a Major Player? An Also Ran? or Both?
Last month at the 18th annual Commercial Real Estate Forecast Conference, a panelist asked a very intriguing question: “Is Chicago, the Midwest’s biggest city, still a major player in the commercial real estate world? Or does the city instead live up to its nickname as a second city, a lesser cog in the world of investment and development?”
The answer was complicated.
Panelists agreed that Chicago faces challenges; however, it’s still an important destination for developers and investors, and its commercial real estate market remains strong.
Bob Clark, executive chairman and founder of CRG, a private real estate development arm of Chicago-based Clayco that buys, develops and operates real estate assets, says Chicago’s positives shouldn’t be ignored.
Clark: “We think that Chicago presents us with an amazing opportunity in the long-term…”
You have to adjust to the market. Yes, the city faces tax issues. There are pension issues to deal with. But even so, I am super bullish on Chicago.:
Read on HERE
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.