A Morning In the Commercial Real Estate World

This week I attended BisNow Chicago Real Estate Summit, an exclusive look at the commercial real estate market at the Mid-America Club.

Now why would someone who primarily plays in the Chicago residential rental world attend a commercial real estate function?

I asked myself that very same question as I sat listening to people discuss “asset depreciation,””churn rate” and other commercial terms.

It’s always important to learn about the different areas of real estate.

But I was really there to see the big guy – Albert Friedman of Friedman Properties. He is practically the king of River North.

Friedman is always a dynamic speaker and the story of how he has transformed River North from warehouses and empty lots to the vibrant epicenter of Chicago is pretty inspiring.

Plus Friedman is entering some new territory. This past July Friedman announced that he will be partnering with AMLI Residential on a new rental building at the corner of Clark and Hubbard. It’s Mr. Friedman’s first foray into the Multi Family Housing arena and I can’t tell you how excited I am about the new building.