According to Steven L. Good, chairman and CEO of the firm (and who was installed as president-elect of the Chicago Association of Realtors on October 1), the division has already generated 40 commercial listings as well as leasing assignments valued at more than $75 million. These include pending contracts on three multi-million dollar office and apartment buildings — two in Michigan and one in Washington, D.C. — and a mixed-use development in the Bucktown neighborhood of Chicago, located on the city's North Side. The property, located at 2112 W. Courtland, will be kept as residential apartments by the buyer, who may eventually redevelop the site. Asking price was about $750,000.
Good said that he feels that by offering convention brokerage through the new division, the firm can complement the services already offered through Sheldon Good & Co. Real Estate Auctions. Besides commercial property auctions, the firm also specializes in auctioning surplus properties for school districts and religious organizations.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.