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Mural Park

Mural Park

Mural Park is being developed by Condor Partners, a local Chicago company who’s principles have been responsibly investing in Chicago neighborhoods for decades.  Two years ago, Condor Partners launched the Pilsen First Initiative with Eighteenth Street Development Corporation, JLL and Transwestern with the goal of employing local businesses and attracting high quality employers who respect and celebrate the rich culture of Pilsen.  The project aims to bring local employment back to Pilsen by attracting employment stakeholders to the community.  Hispanic and Latino owned businesses, businesses that employ from the neighborhood and those who market to the neighborhood.  The goal is to help reinforce the culture and community which makes Pilsen so great. 

Speakers and Panels

Jessie Dadosky

Jessie Dadosky

Partner

Callahan Family Investments

New Targets for Institutional Investors: Development Opportunities

Scott Zwilling
Edgewater & Rogers Park

Scott Zwilling

Principal

Spirit Investment Partners

Paul Fishbein
Logan Square

Paul Fishbein

Partner

Merit Partners

Lindsey Senn
Logan Square

Lindsey Senn

VP

Fifield Companies

Mike Nardini
Illinois Medical District Neighborhood

Mike Nardini

First Vice President

CBRE

Steve Lipe
River West & Pilsen

Steve Lipe

Principal

Lipe Property Company

Paul Fishbein

Logan Square

Merit Partners

Since 1988, Paul Fishbein has established a distinguished track record in commercial real estate by

creating innovative solutions resulting in significant savings for his clients and returns for his investors. He

has experienced success as both a commercial real estate broker and developer with over $750 million in

transactions and developments to his credit. Paul is a Founding Partner of Merit Partners, a Chicago

based firm focused on the re-development of the 1.5 million square foot former Marshall Field campus at

4000 West Diversey. Prior to Merit, Paul spent 16 years as a partner with Centrum Properties and

Amerimar Enterprises where he was a partner in charge of the 1.6 million square foot Montgomery Wards

campus at 600 West Chicago and 600,000 square foot Lafayette Corp. Center in Boston.

Lindsey Senn

Logan Square

Fifield Companies

Lindsey Senn is a Vice President at Fifield Companies. Her primary responsibilities include underwriting multifamily and office development projects, sourcing debt and equity financing, and asset management. Prior to joining Fifield Companies, Lindsey was a Project Manager and Financial Analyst for Ridge Property Trust. In that role, she underwrote industrial acquisitions and developments and was involved in the asset management of a 9 million square foot portfolio. She was also on a team that completed the disposition of $300 million of industrial assets. Lindsey graduated from the University of Wisconsin at Madison, where she earned a Bachelor of Business Administration degree in Real Estate & Urban Land Economics and Legal Studies. She is a member of the Wisconsin Real Estate Alumni Association and YREP.

Mike Nardini

Illinois Medical District Neighborhood

CBRE

As First Vice President, Mike is a member of our Urban Advisory Group nationally and leads the Solutions Platform. With more than 20 years of professional experience in multi-million dollar development ventures, Mike offers CBRE clients single point responsibility for advisory services on urban real estate. As a licensed real estate broker and architect, with an MBA in Urban Economics and Real Estate, Mike’s expertise crosses all the product types necessary for complex mixed-use and land development advisory.

Steve Lipe

River West & Pilsen

Lipe Property Company

Steve Lipe has been developing real estate in Chicago since 1994. In the mid-

1990’s he helped found Chicago Urban Properties, one of Chicago’s largest loft

and condominium developers in the latter part of the 1990’s. It developed over 600

lofts, condominiums and townhouses in a four-year span. Projects included: Plaza

32 at 3232 N. Halsted, Erie Center Lofts and Tower at 375 and 425 W. Erie, St.

Paul Lofts 2333 W. St Paul St., 1515 Michigan Avenue and 625 W Jackson.

After Chicago Urban Lipe joined Centrum Properties as a partner in 1998. Centrum

completed a wide variety of large-scale commercial and residential projects in

Chicago and other Midwestern cities during Lipe’s tenure. The projects include two

notable Chicago properties: 1) the planning and redevelopment of the Montgomery

Ward’s headquarters campus in River North into 2,500 dwellings units and over two

million square feet of commercial space and, 2) the construction of the mixed-use

North Avenue Collection at North Avenue and Sheffield Street in Lincoln Park.

Other projects include Churchill Row Lofts and Townhomes in Bucktown and

Bradley Place single family homes in Roscoe Village.

Lipe Property Company was founded in 2001. This boutique real estate

development firm has allowed Lipe to combine the attention to quality architectural

design evident in his earlier work with the personal touch and community sensitivity

only available with a smaller, more narrowly focused company. Lipe Property

focuses primarily on mid-sized urban multifamily and retail development with a

heavy concentration in the neighborhoods of Pilsen, Wicker Park and Bucktown.

Notable projects include Chantico Lofts at 1061 W 16 th Street in Pilsen and

retail/mixed use developments at 1480-48, 1501-1505 and 1532 N Milwaukee and

1510 and 1728 W Division Street in Wicker Park.

Mr. Lipe lives in Chicago’s Bucktown neighborhood where he is active in the

community. Mr. Lipe has been involved with the Bucktown Community Organization

since 1994, is a past President and Chairman of the Zoning & Planning

Committee.  He is a graduate of the University of Illinois with a Bachelor’s degree

in Advertising and holds Master’s degree in Regional Planning from the School of

Design and the Wharton School at the University of Pennsylvania.

Success Stories: Neighborhood Development

Michael McLean Jr.
Pilsen

Michael McLean Jr.

Partner

Condor Partners

Scott Goldman
Pilsen

Scott Goldman

Managing Principal

Baum Revision

Randy Waites
THE HOTTEST NEW NEIGHBORHOOD?

Randy Waites

Principal

Avison Young

Veronica Gonzalez

Veronica Gonzalez

Regional Director, Development

The NHP Foundation

Paul Tsakiris
Moderator

Paul Tsakiris

President, Managing Broker

First Western Properties

Michael McLean Jr.

Pilsen

Condor Partners

Michael is a Partner at Condor Partners, LLC. He is responsible for overseeing all of the firm’s Real Estate development activity.

Prior to joining Condor, Michael was a Development Partner at Centrum Partners LLC in Chicago. He was responsible for sourcing and developing “out of the box” and institutional level projects for Centrum. He developed over $200 million of real estate for the firm, including Hospitality, Industrial, Flex Office, and Residential. Prior to joining Centrum in early 2007, Michael founded and ran his family real estate development company in New York from 2000-2007. McLean Development, LLC focused on suburban master planned communities entitling over 2,000 residential units and 500,000sf of commercial space on Long Island and Rochester, NY. From 1998-2000 Michael and his brother Sean McLean founded and ran one of the first firms focused on Hospitality in Healthcare, helping hospitals convert vacant space to hotel and special service wards.

Michael holds a Master’s of Science from New York University with a focus on International Development and Finance and a Bachelor of Arts in Sociology from Princeton University.

Scott Goldman

Pilsen

Baum Revision

Scott Goldman is Managing Principal and Co-Founder of Revision Group, LLC, a Chicago-based private investment firm specializing in the development and acquisition of infill commercial real estate. The firm was formed in 2011 and currently owns a portfolio of approximately $50MM of commercial real estate with several additional projects under development.

Prior to forming Revision, Scott spent 6+ years with Pine Tree Commercial Realty, a Northbrook-based shopping center development firm, where he headed the firm’s Acquisition platform that was responsible for the acquisition of $250MM of commercial real estate during Goldman’s tenure and had responsibilities overseeing investor relations, asset management, as well as debt and equity finance.

Randy Waites

THE HOTTEST NEW NEIGHBORHOOD?

Avison Young

Prior to joining Avison Young, Mr. Waites was the Senior Managing Director and Midwest Regional Lead of Investor Services with Cushman & Wakefield. Mr. Waites grew property management and agency leasing from 4.5 million square feet to over 45 million square feet of office, industrial and retail properties for key institutional investors and owners. Prior to Cushman & Wakefield, Mr. Waites served as Chief Operating Officer of John Buck International where he helped establish a property and asset management division based in Abu Dhabi, United Arab Emirates. Mr. Waites built a property management and consulting portfolio of approximately 10 million square feet of office, retail, mixed use and university facilities. Prior to his role with John Buck, he held an Executive Vice President, Asset Management position with Riverway formerly, Prime Group Realty Trust, a self-managed and administered publicly traded REIT, where he managed approximately 8 million square feet of class A and B Chicago and Suburban office buildings, structured in excess of 5 million square feet of leasing and participated in the disposition of approximately 4 million square feet of office assets as well as the sale of the REIT’s controlling ownership to the Lightstone Group. Mr. Waites also acted as asset manager for approximately 38 facilities totaling approximately 4 million square feet of industrial and mixed use properties acquired from Sealy in the South, South East and Puerto Rico on behalf of Prime Group Realty Trust’s parent, The Lightstone Group

Paul Tsakiris

Moderator

First Western Properties

Paul Tsakiris founded First Western Properties, Inc. in 1999 and is a leading figure in Chicago’s real estate community. Mr. Tsakiris has appeared as an expert guest on Stock Market Observer, the Chicago Real Estate Council and is frequently quoted in publications such as the Chicago Tribune, Chicago Sun Times, as well as Crain's Chicago Business. He has also written articles published in Chicago Realtor Magazine.

His extensive real estate background includes:

• CEO of First Western Properties, a commercial real estate firm based in Chicago and Miami.

• CEO of Paradise Construction, a European luxury home developer

• Award Winning Brokerage Results; Mr. Tsakiris has earned numerous sales awards including: CoStar Power Broker, Top Multi-family Sales, Top Investment Sales, Top Retail Leasing by the Chicago Association of Realtors. He has also been recognized in the Wall Street Journal

• Development of Multifamily, Retail and Medical facilities both locally and abroad

• Acquisition and Turn Around of under-performing retail and medical properties

• Acquisition and Rehab of over 2,500 decimated apartment units, resulting in 6 Good Neighbor Awards; an award given to projects that have the greatest positive impact on a community

• Receivership and REO Advisory to a wide range of debt investors from local community banks to large institutional clients

Prior to founding First Western Properties, Mr. Tsakiris worked as a Sales Associate with Hallmark and Johnson. Mr. Tsakiris holds a Master’s degree from Thunderbird, The Garvin School of International Business (U.S. News #1 ranked international business school). He also holds undergraduate degrees in Economics and International Business. He is fluent In Greek and highly proficient in Spanish.

Mr. Tsakiris belongs to a number of real estate and community organizations including: Board member of Chicago’s Sister Cities-Athens Committee, Commercial Forum, ICSC, Chicago Real Estate Council, Commercial Roundtable, Chicago Association of Realtors and the Chicago Restaurant Brokers Association.

Summary

1) Which neighborhoods are Chicago’s biggest developers targeting? When it comes to emerging neighborhood development what are the key qualities needed to be considered a Responsible  and successful development and how are the projects being capitalized.

2) How do development opportunities in neighborhoods such as Uptown and Logan Square compare to the market outlook in Chicago's more established markets?

3) With the inflows of tenants clear, how are developers repositioning assets to meet the needs of the community which already calls these neighborhoods home?

4) Having been given the title of one of the world's coolest neighborhood's Pilsen is under more pressure than ever to defend against the loss of  community and culture it has fought so hard to preserve. How are developers partnering in the community with the goal of development without displacement?

5) With the proposed towers in Lakeshore East bringing 1000's of units to market, what innovative strategies are developers using to balance demand with a need for open space?

Venue

Mural Park
1901 S. Sangamon Street
Chicago, IL 60608

Venue is on the corner of Sangamon and 19th. Enter through the front door at 924 W 19th place.


It is recommended for you to use public transportation, or über, lyft etc... If you elect to drive, there is limited free parking available at the following:
• Street parking
• Parking lot 1 1/2 blocks east of the venue at 1928 S Jourdan Ct, Chicago
• Parking lot at the venue

Agenda

Time Activity
12:30 PM
1:30 PM
Coffee, Breakfast and Networking
1:30 PM
2:15 PM
Success Stories: Neighborhood Development
2:15 PM
3:00 PM
New Targets for Institutional Investors: Development Opportunities
3:00 PM
3:30 PM
More Networking!

Sponsors