Nick Karafotias, vice president, restructuring, Jones Lang LaSalle (Photo composite, skyline photo of Chicago by Aaron Bean, via Unsplash.com)
CHICAGO, IL—Nick Karafotias, a 30-year industry veteran, is joining Jones Lang LaSalle's Midwest restructuring team as a vice president working on national engagements.
“We are very excited to welcome Nick to the restructuring team,” says David Spargo, managing director, restructuring services, JLL. “Nick's time as a former client of JLL and his background with retailers like Sears make him uniquely qualified to serve our retail clients who are looking to restructure their existing real estate portfolios.”
Karafotias joins JLL from Sears Hometown & Outlet Stores, where he was the real estate manager and a JLL client, learning first-hand about JLL's focus on the customer. During his twelve-year tenure at Sears he also managed new store development, and store planning functions.
JLL uses its expertise in lease and debt restructuring to help retailers improve profitability and cash flow in response to shifting consumer buying habits, rising real estate costs and the continued growth of online shopping.
“As a prior client, I understand the challenges faced by JLL clients in today's competitive market,” says Karafotias. “I look forward to using my experience to work with clients to achieve their restructuring goals.”
Before joining Sears, Karafotias was a materials manager for Gibraltar Industries, and a senior process consultant with Proudfoot Consulting. He holds a BS in Industry and Technology, Safety emphasis, from Northern Illinois University.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
