Mark Goodman & Associates, Inc.

03/26/2023

This is the time when money is made in real estate. When capital and credit are constrained and everyone is “running” scared, is when the opportunities are best.

We probably are still early - there are more shocks to the system that will occur. Unlike the recent past, since 2008, the Fed is not going to be “riding” in to be the heroic savior.

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At the same time, however, understanding where we are headed as a culture in terms of how and where we will live, work, shop and play will be a large part of determining the “right” real estate. Demographics, technology, weather and energy will be significant considerations.

11/12/2019

We are in the process of developing the plans for this profile of building. It will be important not only for these reasons, but for the environment itself.

Technology will make for seamless working, but employees’ privacy will suffer

08/16/2019

Check out our new website!

10/01/2018

An exciting new project is coming to the West Loop office market at 310 N. Sangamon. It will be the first major "Passive House" commercial office project in the United States. It will emit less carbon dioxide into the air, use significantly less energy and provide a healthier environment for its tenants! Read about it on Forbes on-line.

07/05/2017

So very true!

02/08/2012

The lenders have been "kicking the can down the road for several years - choosing to ignore the reality of the the true values of the assets that are the collateral for their loans. This is slowly starting to come to an end; and while we are only at the beginning of this, the opportunity to acquire real estate assets at valuations that make sense is beginning now.

11/15/2010

Mark Goodman & Associates, Inc. has been working on the stalled Waterview project since early in 2010. MGA is moving towards securing financing for the planned 90 story condominium and hotel, however the development would now focus on office.

08/30/2010

In addition to remaining globally competitive by modernizing office space, NYC envisions job creation from the construction of more skyscraper's.

The city's approval of an office tower near the Empire State Building last week is the latest reminder that New York is poised for one of its biggest waves of skyscraper development in decades—provided the economy cooperates.

06/07/2010

Personal bankruptcy hits local private developer's.

The unfolding crisis in commercial real estate is opening a new chapter as a growing number of developers seek refuge in personal bankruptcy. A parade of Chapter 7 filers includes Bruce Kaplan, the president of Northern Realty Group Ltd., who sought protection from creditors earlier this year...

04/28/2010

While this isn't the freshest news, it demonstrates how strapped for cash overleveraged owner's are right now. Not a good time for company's looking to lease or renew space in Tishman Spire building's.

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03/23/2010

A sign that prices are reverting back to the mean, Cap Rates continue to move upward as prices should decline over the next 12-18 months.

(Crain’s) — Chicago-area office buildings will continue to lose value over the next year, according to a new survey, though landlords in seven other metro areas will fare worse.

03/10/2010

Even though the average price of major office towers have fallen 20% since the peak, Hines is testing the market by putting the newly developed 300 N LaSalle St. on the market. Interesting move considering the economic environment.

(Crain’s) — Despite the dormant market for mega-deals, developer Hines Interest L.P. is putting up for sale a new skyscraper anchored by Kirkland & Ellis LLP that could fetch a blockbuster price of $620 million.