CCIM CREC 2015 Economic Forecast

On Friday, January 23rd, the CCIM IL Chapter, along with CREC, hosted its 2015 Economic Forecast at Maggiano’s Little Italy in Chicago. A summary of the discussion is below.  

Speakers included Robert Bach, Director of Research at Newmark Grubb Knight Frank, and Robert Kramp, Senior Vice President, Midwest & Great Lakes Regional Research Director of JLL. 

Bach – The economy looks as strong as it has been since the recession. In 2015 we are anticipating the strongest GDP in 10 years and with the decline in oil prices over the past few months it will add a half of a percentage point to GDP. 

For several years everybody has been saying that interest rates are going up and the market continues to make liars out of us all. At the beginning of 2014 the 10-year treasury yield peaked at 3% and ended the year at 2.17%. 

With oil prices low, its dampening inflation in the US and with deflation in Europe and Japan, the Fed will be bucking the trend in terms of raising our interest rates.  

Click here to continue reading our full recap.

Perry Higa represents Brainlab in 25,119 SF lease in Westchester

Westbrook Corporate Center

Westbrook Corporate Center

NAI Hiffman recently represented medical software technology leader, Brainlab, in the long-term renewal of its US headquarters at Westbrook  Corporate Center in Westchester, Illinois.  In 2000, Brainlab leased its initial space in Tower 3, followed by an expansion in 2005.  In June 2015, Brainlab will relocate to the 10th floor of Tower 5 and will occupy over 25,000 square feet of office space. The marketing and education departments, as well as the technology showroom and classroom, will relocate to the Wrigley Building in Chicago later this month.
 
Perry Higa, senior vice president with NAI Hiffman’s office services group, represented Brainlab in the transaction. This is Higa’s third time representing Brainlab in its Westchester leases over the last 14 years; he has represented the firm twice in Chicago. Karla Harmon and Jeff Shay of JLL represented Westbrook Corporate Center LLC.

Mentioned in RE Journals, Bisnow, and The Daily Herald Business Ledger

NAI Hiffman promotes Gary and Wurtz to senior vice president; Novak to senior associate

NAI Hiffman has promoted three of its brokers, Chris Gary, Jason Wurtz, and Matt Novak, recognizing them for their production levels, contributions to the company and superior client service. Chris Gary was promoted from Vice President to Senior Vice President; Jason Wurtz from Vice President to Senior Vice President; and Matt Novak from Associate to Senior Associate. Gary joined the firm’s industrial services group in 2010. Wurtz joined NAI Hiffman’s office services group in 2006, and Novak in 2011.

“I’m continually amazed by the drive and dedication of our brokerage team and Chris, Jason and Matt are no exception,” said John Picchiotti, Chief Operating Officer of NAI Hiffman. “We are extremely proud of their accomplishments and looking forward to their future working on behalf of our valued customers, partners, and future clients.”

Chris Gary

Chris Gary

Chris Gary has been in the industry for 12 years, specializing in representing property owners, tenants and buyers in the greater Chicagoland area to create real estate solutions. His primary areas of focus include properties in the Southern Chicago and Northwest Indiana suburban industrial markets. In his career, Chris has completed over 240 transactions, totaling more than 15,600,000 square feet and $290,000,000 in value. Some of the clients Chris has represented include: Ashley Capital, CenterPoint Properties, First Industrial, ML Realty, and Prologis, among many others.

Jason Wurtz

Jason Wurtz

Jason Wurtz has over 9 years of industry experience, focused on the representation of private companies, owners, institutions, investors and developers in the acquisition, disposition and leasing of commercial real estate. He primarily concentrates on Chicago’s North & Northwest Suburban Office Markets. Jason represents multiple private and institutional property owners such as Lillibridge Healthcare Services, SunLife Financial and CBRE Global Investors. Jason has also worked on behalf of numerous public and private companies such as Siemens Communication, DuPont and World Kitchen in the analysis and acquisitions of leasehold assets.

Matt Novak

Matt Novak

Matt Novak has worked in the commercial and corporate real estate industry for over 10 years. In addition to his brokerage experience, Matt has worked within corporate real estate as well as the investment and development sector. He is able to draw from his experience and knowledge of how corporations and landlords evaluate and analyze transactions to provide a balanced strategic approach to his clients, both landlords and tenants. Some of his clients include: GE Capital, Dividend Capital, CC Industries, Inc. – a Henry Crown Company and TA Realty. 

Source: RE Journals

5th Annual CRE Broker Hockey Classic set for Thursday, February 26

The 5th Annual CRE Broker Hockey Classic fundraiser will bring in 32 brokers from Chicago-area firms to show off their hockey skills during a night of friendly competition; this year the event will be generously sponsored by 23 industry companies.

Last year, the event raised $6,500, collectively over $23,000 has been raised in the past 4 years. Spectators are encouraged to attend the charitable event that offers a great networking opportunity. The Stanley Club Bar overlooking the rink will be open during and after the game.

When: Thursday, February 26 - Puck Drop at 7:20 PM
 
Where: Johnny's Ice House West - 2550 West Madison Street, Chicago, IL  

Parking: Street parking is free; Garage Parking in the building is $2.00
 
How Much: $20 suggested donation at the door with proceeds going to Chicago Blackhawk Charities & Inner City Education (ICE) Program

For more information and/or to become an event sponsor, contact Brian Edgerton at bedgerton@hiffman.com or (630) 693-0671.

NAI Hiffman Promotions

Joe Bronson

Joe Bronson

NAI Hiffman promotes Bronson and Disser to executive vice presidents and shareholders 

NAI Hiffman announced the promotion of both Joe Bronson, SIOR, and Kelly Disser, to executive vice president and shareholder. Bronson joined the firm’s industrial services group in 2010, and Disser in 2008.

Kelly Disser

Kelly Disser

“Joe and Kelly have impressively contributed to our firm’s position as a well-respected industry leader,” said Dave Petersen, Chief Executive Officer of NAI Hiffman. “Their promotions to shareholder are a testament to their growing success and commitment to the future of our firm.”

“Both individuals have consistently displayed a strong entrepreneurial spirit paired with extensive knowledge of the industry and dedication to their clients,” said John Picchiotti, Chief Operating Officer of NAI Hiffman’s brokerage services. “Year after year they raise the bar with significant transactions and have proven to be an instrumental part of our team.”

Joe Bronson has been in the industry since 1997, specializing in landlord and tenant representation for clients ranging from small entrepreneurial users to some of the largest institutional commercial real estate owners in the world. Bronson has actively worked in every Chicago area submarket and brings that wide-ranging brokerage experience with him to the table for every negotiation for every client. He has consistently been an NAI Hiffman Top Producer for the past several years.

Kelly Disser has been in the commercial real estate industry since 2002, with experience ranging from commercial development to representing owners and tenants in all aspects of their real estate needs. Some of Disser’s clients include Duke, KTR, American Realty Advisors, Sterling Bay, Drapac Investments, and Standfast Packaging, among others. His experience representing both owners and occupiers has given him a unique advantage that benefits institutional owners, developers, tenants and small business clients.

Source: RE Journals
Mentioned by: Bisnow Chicago

Gail Vermejan

Gail Vermejan

NAI Hiffman promotes Gail Vermejan to managing director of operations 

NAI Hiffman announced the promotion of Gail Vermejan to Managing Director of Operations with its Management Services team. In her new role, Gail will focus on areas including client compliance, training, talent development, cost containment, contract administration, and property accounting. She will also assist in corporate operating responsibilities across the firm to customize and progress NAI Hiffman’s delivery of services to benefit our clients.

Paul DiCosola

Paul DiCosola

“NAI Hiffman has experienced meteoric growth in the past few years and Gail’s new role will give us the opportunity to proactively manage our ever-expanding liability risks operationally and to continue satisfying our clients,” said Dave Petersen, Chief Executive Officer of NAI Hiffman.

Steve Karlson

Steve Karlson

Gail joined NAI Hiffman in 2006 and currently has over 27 years of real estate property management experience. Prior to her career at NAI Hiffman, she was a Senior Property Manager at Trammel-Crow and Mid-America Asset Management; she also worked as a General Manager for Prime Group Realty Trust. Gail began her real estate career in 1986 with Baird & Warner Commercial Management as a Property Administrator.

Source: RE Journals
Mentioned in: Bisnow Chicago

NAI Hiffman promotes four to VP/general manager of management services

Tom Murphy

Tom Murphy

NAI Hiffman has promoted four of its Senior Property Managers, Paul DiCosola, Steve Karlson, Tom Murphy and Melissa Woolsey, to Vice President/General Manager with its Management Services group.

Melissa Woolsey

Melissa Woolsey

“Paul, Steve, Tom and Melissa have gone above and beyond to serve our clients. This promotion recognizes their consistent leadership, dedication and commitment to delivering exceptional customer service and earning the trust of our clients,” said Bob Assoian, Managing Director of NAI Hiffman’s Management Services. “They each play an instrumental role in our operations and with them leading our management teams on the ground, we will be able to grow our services to our clients. It’s very exciting for our clients and our business.” 

Source: RE Journals