Search
 

SVN | Chicago Gets Top Ranking for 2015

CHICAGO—In 2015, the firm saw an uptick in deals between $2 million and $10 million, with most Chicago-area activity focused on the multifamily sector.

By Brian J. Rogal | brianjrogal | | Updated on April 18, 2016

 

chi-SVntopofficegroup SVN Chicago was awarded for its 2015 work at the network’s recent convention in San Diego.
CHICAGO—After posting year-over-year revenue growth of 6%, SVN Chicago Commercial was named the second-highest-grossing office in the SVN network for 2015 at its recent national conference in San Diego. In addition, the average size of the firm’s transactions grew by 21% in 2015. This marks the third consecutive year that the network has ranked the Chicago office in the top three among its 200 international franchises. Last year, after posting revenue growth of more than 40%, the office was named the network’s top producer.     “We are thrilled to again be recognized as a top-producing office within the SVN network,” says 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.”  Contributing to 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,” adds 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.” In the past few years, the firm has both expanded into new geographic markets and added new services. Last year, for example, the Chicago office partnered with two existing SVN franchises in Denver and Fort Collins to form SVN

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.