Shows
Real Estate for BreakfastChicago's Premier Neighborhoods: The 100-Unit Sweet Spot, with Matt Katsaros“Underwriting in Chicago is, I think, a bit easier than a lot of other markets,” says Matt Katsaros, founder of Wildwood Investments, adding, “Especially when you're local and you know the players, you can quantify risk a little bit easier.” Matt knows the players. Wildwood Investments has carved a niche in Chicago's premier neighborhoods by developing mid-sized multifamily properties of 30 to 100 units. Tune in to this conversation with host Phil Coover about the advantages of having both construction and finance expertise in-house and the unique challenges and opportunities in Chicago's limited-supply market.Connect and Learn More☑️ Ma...2025-05-2134 minReal Estate for BreakfastReaching New Heights in Multi-Family Real Estate with Joe SmazalIn this episode of the Real Estate for Breakfast podcast, Ice Miller Real Estate Practice Group partner and host Phil Coover, sits down for a conversation with Joe Smazal, Senior Managing Partner at Interra Realty. Joe brings more than a decade of experience specializing in the sale of mid-market apartment buildings in Chicago. With nearly $1 billion in total property transactions under his belt, Joe discusses his journey in real estate, the nuances of Chicago’s vibrant housing market, and the lessons he’s learned along the way.
The conversation kicks off with Joe reflecting on his career highlights, including his anti...2024-12-2400 minReal Estate for BreakfastChicago Industrial Real Estate with David Haigh of NAI HiffmanPhil and Dave dive right into it--with Dave discussing Hiffman National, his everyday job as a broker and how his time is primarily spent with property owners or industrial landlords or tenants in the marketplace trying to buy, sell or lease a building to suit their business needs. He then tells listeners how he began in industrial real estate in 2005, how the tide turned during the economic downturn of 2008-09, and the market corrections that led to bigger opportunities. He then touches on the market before, during and post-COVID which leads into a discussion on the industrial real estate conundrum...2024-09-1900 minReal Estate for BreakfastChicago Office Challenges and Opportunities with Matt PistorioIn this episode of the Real Estate for Breakfast podcast, Ice Miller Real Estate Practice Group partner and host Phil Coover sits down with Matt Pistorio, principal at R2 Companies, a privately-held, fully integrated real estate investment and development firm, and founder of Madison Rose, a real estate firm specializing in agency leasing.
During the conversation, Matt talks about his passion for what he does and details how he began his professional journey with commercial brokerage houses. He recounts his road to becoming a principal at R2, and the opportunities and support of colleagues that allowed him to simultaneously have...2024-07-0200 minReal Estate for BreakfastGreen is Green —The Economic Case for Clean Energy in Real Estate Projects with Chris GerschIn this episode of the Real Estate for Breakfast podcast, host Phil Coover interviews Chris Gersch, the founder and CEO of Verde Solutions (Verde). Verde is a full-service consulting firm utilizing a sensible approach to renewable energy, primarily focusing on building, financing, and engineering solar systems, also advising on battery storage and EV where appropriate but concentrating on solar energy efforts with over 1,400 projects in 48 states.
During their conversation, the pair discuss Verde’s founding in 2012, and the renewable energy projects that affect individual and commercial real estate. They talk about the financing, government incentives, and cost saving for projects us...2024-03-1200 minReal Estate for BreakfastESG in Commercial Real Estate with Sarah Cannella of Hiffman NationalDuring their conversation, Phil and Sarah discuss how Hiffman is not a one-size-fits-all company and the intrinsic knowledge it takes to provide what the clients want and need to satisfy their stakeholders and investors. Sarah talks about the ability to be customizable, a perk of being privately owned, and how it has positioned Hiffman as a top alternative firm to the big national players. Hiffman is responsible for spaces in office, medical and industrial real estate — with the latter experiencing a surge in the Midwest since Covid.
They also discuss ESG, its history and the three pillars; E for environmental, S...2023-10-0500 minReal Estate for BreakfastWhat’s Next? Foreseeing the Drive and Demand in an Ever-Changing Real Estate Landscape with Jon McCulloch, CEO of Belgravia GroupDuring their conversation, Phil and Jon talk about his start with the company, growth, and responsibilities as CEO. Jon also speaks on the bread and butter of what makes Belgravia, a smaller conglomerate, a frontrunner in the Chicago condo market and deep dives into how they survived and came out fairly unscathed in the economic downturn of 2008 and how they are navigating the current market.
They touch on macroeconomics, failing banks, interest rates and where the market stands and the demand and desire for new product, as well as Belgravia’s expansion into the West. Jon provides his thoughts about th...2023-08-1400 min
Real Estate for BreakfastOffice Space: An Alarming Situation and the Coming Wall of Maturity -- with Alissa Adler of ColliersIn this episode of the Real Estate for Breakfast podcast, Ice Miller Real Estate Practice Group partner and host Phillip Coover welcomes Alissa Adler, Senior Vice President at Colliers, a global real estate services firm.
During the podcast, Alissa and Phil discuss serious distress in the office real estate market nationwide—particularly in larger cities such as San Francisco, New York, and Boston. Within those cities, challenges including transportation, tax assessments, and crime are explored while emphasizing other issues such as the change in work culture and having dated, functionally obsolete office spaces. These compounding issues have co...2023-06-2734 minReal Estate for BreakfastOffice Space: An Alarming Situation and the Coming Wall of Maturity -- with Alissa Adler of ColliersDuring the podcast, Alissa and Phil discuss serious distress in the office real estate market nationwide—particularly in larger cities such as San Francisco, New York, and Boston. Within those cities, challenges including transportation, tax assessments, and crime are explored while emphasizing other issues such as the change in work culture and having dated, functionally obsolete office spaces. These compounding issues have contributed to the seriously distressed office market, which could have cascading micro and macro economic effects. They also touch on the “Wall of Maturity” for CMBS loans coming due. With lenders having pulled back dramatically on lending in the of...2023-06-2600 minReal Estate for BreakfastBeds, Sheds and Mixed-Use Property Development with Peter Kelly and Dan Reidy of Lincoln Property Company MidwestThe foursome talks about real estate development and trends, specifically in the Midwest and opportunities that the company is exploring for continued long-term growth in office, residential and industrial space.
During the podcast, Peter and Dan discuss strong Midwest market and epicenters for growth, as well as the importance of having a partner with strong ties to local government and public affairs to streamline projects for success. They also touch on the challenges in the market with increasing costs and if the demand will keep up with the supply that’s trending. Peter speaks to seizing the right opportunities to go...2023-05-0100 minReal Estate for BreakfastThe Complexities of the Cannabis Industry and Real Estate with Chris Fotopoulos and Sam Harmelech of Verano HoldingsIn this episode of the Real Estate for Breakfast podcast, host Phil Coover chats with Chris Fotopoulos (EVP of Legal, Real Estate, and Risk), and Sam Harmelech, of Verano Holdings - a multi-state cannabis operator headquartered in Illinois, harvesting six brands and 120 retail dispensaries in 13 U.S. states – and growing.
During their conversation, the group discusses the challenges of navigating the cannabis industry, the cultivation of such an enterprise, and the real estate hurdles of expanding in a highly regulated and ever-changing industry. Chris and Sam also speak on the difficulties of financing, fears, and safety of such an operation an...2023-03-1500 minReal Estate for BreakfastIntegrated Design with Kapil Khanna, CEO of Lamar Johnson CollaborativeOn this episode of Real Estate for Breakfast, host Phil Coover and guest Kapil Khanna, CEO of Lamar Johnson Collaborative (LJC), discuss some of the design challenges that the architecture firm faces in a changing world. As part of an integrated design practice with its parent company, Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, LJC has a competitive advantage in its understanding of the intersections between design and construction.
In addition to discussing LJC’s background and overall design process, Phil and Kapil also talk about the many challenges that have arisen in the architecture in...2023-01-2000 min
Rabbitt Stew ComicsEpisode 367Comic Reviews: DC DC’s Saved by the Belle-Reve by Peter Tomasi, Brandon Thomas, Becky Cloonan, Tim Seeley, Franco Aureliani, Brenden Fletcher, Dave Wielgosz, Dan Watters, Andrew Aydin, Art Baltazar, Scott Kolins, Nelson Daniel, Craig Cermak, Karl Kerschl, Mike Norton, Juan Ferreyra, Max Raynor, Hi-Fi, Adriano Lucas, Allan Passalaqua, Msassyk, Dee Cunniffe, Michelle Assarasakorn, John Kausz Flash Annual 2022 by Jeremy Adams, Serg Acuna, Matt Herms Harley Quinn Annual 2022 by Stephanie Phillips, Georges Duarte, David Baldeon, Simone Buonfantino, Antonio Fabela, Romulo Fajardo Jr Harley Quinn: Animated Series – The Real Sidekicks of New Gotham Special by Superman: Warworld Apocalypse by Phil...2022-09-152h 57Real Estate for BreakfastThe Multifamily Housing Market in Chicago, the Importance of Market Research and the “Next West Loop” with Jon Morgan of Interra RealtyOn this episode of Real Estate for Breakfast, host Phil Coover is joined by a fellow champion of Chicago, Jon Morgan. Jon is co-founder and managing principal of Chicago-based Interra Realty, and he and Phil begin their conversation by discussing Interra’s formation to its emergence as a middle-market commercial real estate brokerage focusing primarily on multifamily asset sales.
During the episode, Phil and Jon reminisce on the 2008 recession and how it differs from today’s market conditions, especially concerning the level of control banks previously had on real estate. Now that the real estate market is so volatile, Jon ensu...2022-08-1900 minReal Estate for BreakfastReal Estate Development Strategy in a Changing Market and Avoiding “the Dumb Tax,” with Chris Coleman of Wingspan Development GroupVice President of Development for Wingspan Development Group Chris Coleman says that the privately owned real estate company is more of a “developer with a general contractor in-house,” than a traditional developer. That vertical integration gives Wingspan a differentiator in the market. Currently focused on multifamily and mixed-use developments in Northern Illinois, Southeastern Wisconsin and Central Florida, Wingspan is now seeking to expand into the Greater Phoenix, Greater Denver, and Greater Atlanta markets.
On this episode of Real Estate for Breakfast, host Phil Coover and Chris Coleman discuss Wingspan’s real estate development strategy, how the company differs from other develo...2022-07-1400 minReal Estate for BreakfastEnvironmental Mitigation and Ecological Offset Markets with Mark Bernstein of Magnolia Land PartnersMagnolia aims to balance the needs of economic development with the important task of preserving our world's most valuable natural resources. On this episode of Real Estate for Breakfast, host Phil Coover talks environmental mitigation (that is mitigation with an “M”, not an “L”), and the creation of ecological offset markets, with Mark Bernstein of Magnolia Land Partners. The two discuss Magnolia Partners’ distinctive business model, which includes creating mitigation banks to help businesses navigate complex permitting challenges, while working with landowners to restore environmentally protected areas such as wetlands. The company receives credits for each restoration project, which it then trade...2022-05-3100 minReal Estate for BreakfastDecades of Chicago Development with Mike Drew of Structured DevelopmentPhil and Mike discuss the history of Structured Development, including the company’s recent shift toward developing projects in up-and-coming areas of Chicago. Specifically, they discuss Structured Development’s Big Deahl project, a residential and mixed use building at the corner of Dayton and Blackhawk Streets in Chicago’s Clybourn Corridor.
They also discuss Chicago’s Affordable Requirements Ordinance (ARO) and the requirements for affordable housing in the city. Mike explains how the ARO works, its’ challenges and pitfalls, and how Structured Development has approached meeting the city’s ARO requirements with its Big Deahl project.
As you may suspect, Mike has ext...2022-04-0600 minReal Estate for BreakfastCreating a Positive and Growth Minded Company Culture with Nicole White – CLO of Avison YoungIn this episode of Real Estate for Breakfast, host Phil Coover is joined by his colleague and guest co-host LaTonya Ellis, and his former law school classmate, Nicole White, the newly appointed Chief Legal Officer and Corporate Secretary at Avison Young. Avison Young is a full service global real estate company. Nicole and Phil briefly reminisce about their time as law students at DePaul University, but quickly jump into a conversation about Nicole’s new role as Chief Legal Officer and Corporate Secretary at Avison Young: what it entails, her career trajectory and how the company has grown so fas...2022-03-0300 min
Rabbitt Stew ComicsEpisode 340Comic Reviews: DC Aquamen 1 by Brandon Thomas, Chuck Brown, Sami Basri, Adriano Lucas Teen Titans Academy 12 by Tim Sheridan, Rafa Sandoval, Jordi Tarragona, Alejandro Sanchez Marvel Carnage Forever 1 by Phillip Kennedy Johnson, Ram V, Ty Templeton, Salvador Larroca, Edgar Salazar, Rain Beredo, Rachelle Rosenberg Ghost Rider 1 by Benjamin Percy, Cory Smith, Bryan Valenza Citizen: The Power of Light Star Wars: High Republic - Edge of Balance vol 2 by Shima Shinya, Daniel Older, Mizuki Sakakibara Image Step by Bloody Step 1 by Simon Spurrier, Matias Bergara, Mat Lopes Supermassive 1 by Kyle Higgins, Ryan Parrott, Mat Groom, Simone Ragazzoni, Francesco Manna...2022-02-232h 13Real Estate for BreakfastMetaverse Real Estate with Colin Laitner of Metis CapitalIn this episode of Real Estate for Breakfast, host Phil Coover is joined by his good friend, Colin Laitner, principal of Metis Capital, and General Counsel of Deeter Investments, based in Austin, Texas. During an engaging discussion, Phil and Colin examine the topic of Metaverse real estate – what it is, how it works and its extrinsic value.
Recently, Metaverse real estate has been a hot topic in the news. With a supposed gold rush for Metaverse real estate happening, some early adopters have already invested millions of U.S. dollars in virtual property on platforms such as Axium Infinity, Sandbox an...2022-02-0200 minReal Estate for BreakfastMultifamily Real Estate, Equity Investment and the “Karma Economy” with Nick Earls and Eric DiNicola of Winterspring CapitalIn this episode of Real Estate for Breakfast, host Phil Coover and co-host Jay Augustyn are joined by Nick Earls and Eric DiNicola, co-founders of Winterspring Capital. Phil and Jay sit down with Nick and Eric to discuss the pair’s 20-year friendship and how they successfully developed a business and brand from their first real estate project, which included the renovation and sale of three condominium units in Boston.
The Winterspring story is interesting in seeing how two friends can create a real estate development company, without deep pocket backers, by taking one step at a time, by building sk...2022-01-0500 minReal Estate for BreakfastDebt Financing and Life Companies with Mark Perkowski of Draper and Kramer, IncorporatedOn the podcast, Phil and Mark discuss the process of debt placement and financing for all types of commercial real estate deals. In particular, they examine a particular type of financing from life insurance companies, and what those types of lenders look for in terms of deals. From there, they discuss the difference between lending sources, from life companies, to traditional banking, to CMBS loans, and current market trends stemming from COVID-19 fallout. Mark highlights the importance of relationships– both his own personal relationships and those cultivated throughout Draper and Kramer, Incorporated’s over 125-year history – in finding the best deals...2021-11-3000 minReal Estate for Breakfast1031 Exchanges, Conservationism, DSTs, and More with Dan Wagner of Inland Real Estate Group of Companies, Inc.In this episode of Real Estate for Breakfast, host Phil Coover is joined by Dan Wagner, senior vice president of government relations at The Inland Real Estate Group of Companies, Inc. (Inland). During the episode, Phil and Dan discuss the history of Inland, the numerous benefits of 1031 like kind exchange, and Delaware Statutory Trusts.
The Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance groups, was founded over 50 years ago by four Chicago public school teachers. Dan gives Phil an overview of the firm’s modest beginnings, from its initial founding to its...2021-10-2100 minReal Estate for BreakfastMultifamily Housing with Matt Fiascone of The Habitat Company2021-08-0900 minReal Estate for BreakfastMedtail and Tenant Rep National Brokerage with Willie Hoag of Tether Advisors2021-07-1300 minReal Estate for BreakfastPrivate Equity Real Estate with Dave Seymour of Freedom Venture Investments2021-06-2100 minReal Estate for BreakfastSustainable Chicago Real Estate with Cotter Consulting2021-06-0100 minReal Estate for BreakfastIndustrial Real Estate Market Analysis with Joe Moriarty of Dayton Street Partners2021-05-1100 minReal Estate for BreakfastCultivating Relationships and Innovation in Real Estate with Stream Realty Partners2021-04-2000 minReal Estate for BreakfastInvesting in Hospitality with Highline Hospitality Partners2021-04-0600 minReal Estate for BreakfastBuilding-For-Rent in Chicago with Steel City Management2021-03-0400 minReal Estate for BreakfastThe State of Chicago’s Multifamily Market in 2021 with Noah Birk and Aaron Sklar, Kiser Group Partners2021-01-0600 minReal Estate for BreakfastConstructing Chicago's Skyline During COVID-19 with Michael Meagher, President of James McHugh Construction Company2020-12-0800 minReal Estate for BreakfastDesign Led-Design Build Construction with Mark Wight, CEO of Wight & Company2020-11-1600 minReal Estate for BreakfastDiversity and Inclusion in CRE with Walker & Dunlop's Jason Golub2020-10-2600 minReal Estate for BreakfastChicago Real Estate and Sale-Leasebacks with Marcus & Millichap's David Bradley2020-09-2400 minReal Estate for BreakfastThe Hospitality Industry and COVID-19 with Scarlett Hotel Group2020-08-2100 minReal Estate for BreakfastThe Fulton East Project by Parkside Realty, Inc. Chairman and CEO Bob Wislow2020-07-2700 minReal Estate for BreakfastCharlton Hamer, Senior VP of Habitat Affordable Group, on Affordable Housing and The Habitat Company2020-07-1500 minReal Estate for BreakfastWilly Walker, CEO of Walker & Dunlop, on Capital Markets During COVID-192020-06-2300 minReal Estate for BreakfastRaising Equity in a COVID-19 World with Jay Soave and Matthew Burskey of Cadence Capital Partners LLC2020-06-0100 minReal Estate for BreakfastTenant Needs in a Post-Pandemic World with Christian Beaudoin, JLL Managing Director of Research and Strategy2020-05-1200 minReal Estate for BreakfastThe Return to Work During COVID-19 with Antonia Cardone of Cushman & Wakefield2020-04-3000 minReal Estate for BreakfastCOVID-19 Stimulus and Relief Packages with Brian Crist and Josh Christie of Ice Miller LLP2020-04-2000 minReal Estate for BreakfastCOVID-19 and the Impact on Commercial Real Estate Market with Spencer Levy, Chairman of Americas Research for CBRE and Senior Economic Advisor for CBRE2020-03-1900 minReal Estate for BreakfastBuilding the Capital Stack with Trisha Connolly, Managing Director of Alpha Capital CREOn this episode, Alpha Capital CRE Managing Director Trisha Connolly joins Phil to discuss building the capital stacks, money, and the various types of financing and equity investments available. Alpha Capital CRE started in 2008 as a hedge fund placement agent firm raising institutional capital for fund to funds. In 2010, Alpha Capital transitioned to a capital markets platform. Since its inception, the company has changed its name, institutionalized its platform, and grown its team. They optimize solutions for capital, whether it’s debt or equity, for transactions across the country.2019-12-0436 minReal Estate for BreakfastCamille Renshaw of B+E – How Using Modern Technology in Net Leasing is Changing the Game for InvestorsIn this episode, Phil is joined by Camille Renshaw, CEO and Co-Founder of B+E Net Lease Brokerage. B+E helps to trade single tenant triple net leased properties with confidence by implementing technology and bringing the real property and tenant financials to one place. B+E investors are able to make those important connections to properties across the country through an online platform. Camille and Phil dive deeper into net leasing: a real estate sub-genre where a single tenant such as Walgreens, for example, pays rent but also takes care of real estate taxes, property insurance and maintenance for...2019-11-1142 minReal Estate for BreakfastDee Brown, CEO of the P3 Group, Inc. – Changing 60,000 Pound Anchors on Nuclear Submarines – and Other Public-Private Partnership DevelopmentPhil is joined in this episode by Dee Brown, CEO of The P3 Group, Inc., a commercial real estate, boutique development and consulting firm that specializes in business and community development through the creation of P3's: public private partnerships. Dee explains that The P3 Group’s projects are atypical, meaning that they generally take on modestly sized building projects, which most P3 companies shy away from—due to the complexity of the deals and efforts needed to coordinate these types of municipal projects. For instance, Dee’s first public private project was changing 60,000 pound anchors on a nuclear submarine.2019-09-2538 minReal Estate for BreakfastMatt Mason of Conway MacKenzie – Store Closures, Distressed Retail Real Estate, and ReceivershipsOn today’s episode, Phil is joined by Matthew (Matt) Mason, a Managing Director at Conway MacKenzie, to talk store closures in 2019, challenges in retail real estate, and receiverships. Matt leads the Conway MacKenzie real estate vertical, has been a Court Appointed Receiver for over 200 properties, managed over 31.5 million square feet, and over $1 billion portfolio of retail, office, and industrial properties. With that experience, Matt provides strategic insight to large distressed retail and office assets for borrowers and lenders. Matt and Phil discuss current challenges in the commercial retail market, the headwinds of massive store closures in 2019, why those challenges ar...2019-08-0840 minReal Estate for BreakfastCo-Living With Susan Tjarksen of Cushman and WakefieldJoining Phil on this episode is Susan Tjarksen, Managing Director at Cushman and Wakefield. Susan has over 30 years of experience in real estate, in both the public and private sectors. She is a leading expert on co-living and joins us to discuss how buildings are being developed and adapted for the Co-living model to generate more income per square foot while at the same time serving marketplace demands. Co-living is a community style of living where common spaces are shared, and spaces such as bedrooms are private, with each tenant responsible only for their share (rather than everyone in one...2019-07-1630 minReal Estate for BreakfastFinding Space for the Future of Your Business with Jon Milonas of CBREIn this episode, Phil is joined by Jon Milonas, a Senior Vice President in CBRE’s Tenant Representation Group, the largest commercial real estate firm in the world. Jon’s Chicago team focuses on helping occupiers of real estate to align their business strategies with their real estate, by identifying the needs and challenges of an organization and couple those needs with finding the right office space. Jon discusses his approach to clients by asking where businesses see themselves in 5-10 years, and how to help them achieve their vision by finding an appropriate office space for their current and future...2019-05-301h 00Real Estate for BreakfastLarge Scale Development and Geographic Expansion with Matt Katsaros of CA VenturesJoining Phil Coover on this episode of Real Estate for Breakfast is Matt Katsaros, SVP – Acquisitions of CA Ventures’ subsidiary—CA Residential. CA Ventures is one of the fastest growing real estate companies in the Midwest, and does about $1.5 Billion in real estate development every year. Matt and Phil discuss the history of CA Ventures from its initial niche in student housing to a current portfolio of multiple asset classes and real estate services. Matt shares trends in residential real estate development and investment markets across the U.S.2019-05-0644 min
Real Estate for BreakfastCollete English Dixon of the Marshall Bennett Institute of Real EstateIn this episode, Phil is joined by Collete English Dixon, Executive Director of the Marshall Bennett Institute of Real Estate and Chair of Real Estate in the Heller College of Business, at Roosevelt University, Chicago, IL. The dynamic Marshall Bennett Institute of Real Estate sets itself apart from other educational institutions in that it’s deeply intertwined with the Chicago Real Estate community, by helping those in the community to feed off of and learn from one another. Collete and Phil discuss how valuable networking and educational opportunities within the Marshall Bennett Institute of Real Estate can help further the ca...2019-02-2536 minReal Estate for BreakfastEpisode 34 – Kevin Bupp, CEO of Sunrise CapitalOn this episode, Phil Coover is joined by Kevin Bupp, CEO of Sunrise Capital Investors and host of the popular podcast “Real Estate Investing for Cash Flow”, on which Phil was a guest in November. Florida-based with a national presence, Sunrise Capital has developed an investment niche in mobile home parks. Kevin and Phil discuss what makes this asset class different from other multi-family commercial real estate and the unique opportunity it presents. Kevin also talks about making the transition from self-funded investment to finding partners and raising capital.2019-01-2835 minReal Estate for BreakfastEpisode 33 – Retail is Alive! Innovations in Retail Real Estate with Marget Graham and Jaime Bertsche of Mid-America Real Estate GroupJoining Phil this episode are Marget Graham and Jaime Bertsche of Mid-America Real Estate Group, the leading full-service retail real estate organization in the Midwest. During this holiday time, we always think of retail. Over the last few years, retail real estate has been beaten down in the markets and in the press, as it went through a tumultuous time. Marget and Jaime, key aspects of Mid-America’s third party landlord brokerage division, share the ways that large retail properties are being used in exciting new ways. Malls and other shopping centers are increasingly converting to mixed-use developments incorporating entertainment, re...2018-12-1248 min
Real Estate Investing for Cash Flow with Kevin BuppEp #206: The Opportunity in Opportunity Zones -- with Phillip CooverIn this episode of The Real Estate Investing for Cash Flow Podcast, Kevin shares the mic with Phillip Coover; an experienced commercial real estate attorney and advisor skilled in closing complex real estate transactions.His background as a litigator, business owner and licensed broker provides clients with a “big-picture” approach to corporate real estate transactions and sales. Phillip is also the host of a top-notch real estate podcast called “Real Estate for Breakfast.”During this conversation, Phillip and Kevin specifically focus on the topic of Opportunity Zones, helping to demystify the topic and give the listener...2018-11-2734 minReal Estate for BreakfastEpisode 32 – Multi-Family Mania - Lee Kiser of Kiser GroupPhil welcomes Kiser Group founder, principal and managing broker Lee Kiser to the podcast. The multi-family market has been one of the most sought after asset classes for investment over the past few years as the retail market has struggled. Kiser Group, Chicago’s leading mid-market multifamily brokerage firm, has a reputation for innovative service. They assist private investors and property owners with the sale or purchase of both stabilized and value-add multi-family properties. Using proprietary market data, Kiser Group provides extensive, in-depth knowledge of Chicago’s neighborhoods and surrounding suburbs, maximizing value on behalf of their clients.
Lee and Phil...2018-10-1858 minReal Estate for BreakfastEpisode 31 – Big Data Investments - Todd Stofflet of KIG CREIn this episode, Phil sits down with Todd Stofflet, Managing Partner of real estate investment brokerage firm KIG CRE. Investing in big data and using that data to drive better investments, KIG is using predictive analytics in new ways.
Chicago-based and Mid-West focused, KIG CRE represents some of the most prominent institutional investors and developers in the multifamily real estate industry. Phil and Todd discuss the firm’s innovative use of data-driven intelligence to make investment decisions. Using open source data including occupancy figures, rental rates and demographic trends, KIG provides investors with valuable analytics. Phil and Todd also explore KI...2018-09-2441 minReal Estate for BreakfastEpisode 30: Opportunity Zones – Bob Waun and Loren Guzik of Pike Street Properties, LLCIn this episode, Phil sits down with Bob Waun and Loren Guzik, two of the principals of Pike Street Properties, LLC, to discuss the new tax advantaged vehicle that everyone is talking about: Opportunity Zones. Pike Street is currently embarking on an endeavor to create and raise capital through the use of Opportunity Zone Funds, which was created by the Tax Cuts and Jobs Act of 2017 (a/k/a the Trump Tax Plan). Pike Street intends to raise these funds and invest in the communities they care about, namely, Pontiac and Flint Michigan. These gentlemen have been trying to revitalize...2018-08-1040 minReal Estate for BreakfastEpisode 29: Dean Marks, Esq. - Sterling Bay“Bring us your Biggest Idea” is the mantra of Sterling Bay. Phil sits down with long time Sterling Bay General Counsel and Principal, Dean Marks, to discuss Sterling Bay’s history of big ideas, notable developments, and future massive projects. Starting with a review of the major redevelopments of buildings in the West Loop and Fulton Market areas, including the Google headquarters and former Oprah Harpo Studios turned McDonalds. Then, the conversation turns to the massive project along Chicago’s North portion of the river—Lincoln Yards. Lincoln Yards is grand in both vision and scope, and projects to extend the 606 pe...2018-06-2745 minReal Estate for BreakfastEpisode 28 - ICSC RECon Recap – Tom McGeeDuring the busiest day of the RECon convention in Las Vegas, Phil sits down with the President and CEO of ICSC, Tom McGee, for a cup of coffee. The RECon convention was a bustling, energetic, invigorating convention, and Tom McGee was proud to be an integral part of it. Tom’s discussion focuses on the demographics of retail, the growing top line revenue of brick and mortar stores, and the continued integration of e-commerce and experiences into existing retail establishments. It was an honor and a pleasure to have Tom share his views on the current real estate climate, and ex...2018-06-0430 minReal Estate for BreakfastEpisode 27 - G. Michael Verden - Security, Protection, and Active ShootersIn this day and age of security breaches and active shooters, Phil brings on G. Michael Verden, the CEO of the Lake Forest Group, a private security consulting firm, to discuss crafting a security plan for your company. With an extensive career as a police officer, 21 years as a Secret Service agent guarding the First Lady and President, Director of Security for the NBA, and security consultant, Mike Verden understands how to apply security best practices to your unique setting to safeguard people, property, and assets. Before Mike comes on, our managing principal, Andy Annes, sets the stage by discussing...2018-04-1154 minReal Estate for BreakfastEpisode 26 - Mike Piper - Student Housing and Tax IncentivesJoining Phil on this episode is Mike Piper, the CEO of ICS Tax, LLC, to explain P3s, or Public-Private Partnerships, and tax strategies such as cost segregation. Mike brings a wealth of expertise to provide beneficial tax strategies to both public and private entities that have made investment in student housing facilities beneficial. By using the example of public universities, Mike shows how pairing together a tax paying private entity with a tax free public entity can create a win-win for developer and university. Mike then delves a little into his business and the software they have developed to...2018-04-0646 minReal Estate for BreakfastEpisode 25 - Bob Cavoto - Successful Interviewing StrategiesHe’s back! Bob Cavoto joins the podcast again to talk to Phil about successful interviewing and making an effective sales pitch, taking your career to the next level, and the state of the real estate jobs market. With over 20 years of experience matching executives with careers as CEO of 20/20 Foresight Executive Search, Bob is able to give unique and personal advice. First, Bob takes Phil though his 3 basic principles of interviewing, exploring the ideas of likability, credibility, and competence. Bob and Phil discuss body language and using voice modulation for effective communication. From there, Bob delves into his thoughts ab...2018-03-131h 00Real Estate for BreakfastEpisode 24 - Bill Barry - Financing Commerical Real Estate. Bill Barry (a/k/a “BB”) is a Senior Vice President and the current head of the Commercial Finance Group at Draper and Kramer. A 30 year finance veteran, BB has closed $25 billion in real estate during his storied career, and believes deals are like snowflakes—no two deals are the same. Bill sits down with Phillip to explain how commercial lending works and the different lenders available to borrowers. From there, Bill describes current types of attractive asset classes and the weak asset classes in the market. The interview has complex financial and legal terminology, explores various strategies for financing deals...2018-02-1654 minReal Estate for BreakfastEpisode 23 - David Moore and The Willis Tower RedevelopmentDavid Moore, as Senior Vice President and Portfolio Director of Equity Office’s Chicago portfolio, comes on the podcast to discuss the company’s $500 million investment/redevelopment of famed The Willis Tower. As the second tallest building in the country, The Willis Tower is most recognizable building in Chicago and one of the most recognizable in the world. This episode is a fascinating consideration of the massive scale of a $500 Million redevelopment and investment into Chicago’s most quintessential and historic building.
David discusses the “why” of redevelopment and the movement to amenitization of office buildings in Chicago. The company’s objective...2018-01-0846 minReal Estate for BreakfastEpisode 22 - Doug ChildersDoug Childers (HFF) on housing tax credits. What happens when the government utilizes market forces to reinvigorate its public housing programs? For decades, publicly subsidized affordable housing was an underutilized aspect of commercial real estate. This all changed in 1986 with the introduction of the Section 42 Low-Income Housing Tax Credit (LIHTC) program that incentivized private developers and investors to work together to modernize the US’s public housing infrastructure. To give you an idea of the scale of this program, our guest advises that over 50% of the rental units in America today have component of section 42 tax incentives.
Doug Childers, Managing Di...2017-12-1248 minReal Estate for BreakfastEpisode 21 - Bob Cavoto RepostHappy Thanksgiving! Phil is out this week to spend time with family, so we are re-broadcasting one of our most popular interviews: A sit down with Bob Cavoto, the founder of 20/20 Foresight Executive Search. Bob comes on to answer all those questions you always wanted to ask an executive recruiter. Bob shoots it straight. Bob explains executive marketing and recruiting, gives career and life advice, and provides a roadmap for how to improve your career and become a C-level executive for real estate companies. It is a fascinating discussion about the job market in commercial real estate and how to...2017-11-2000 minReal Estate for BreakfastEpisode 20 - Donna SalvatoreData analytics are everywhere. The commercial real estate industry is ultra-competitive and companies are looking for any sort of edge. Phil sits down with Donna Salvatore, the CEA and founder of Megalytics, a Chicago based tech company providing data analytic services to the commercial real estate industry. Phil and Donna discuss the value of utilizing big data, the trend of data being applied to various industries, and specific applications to the commercial real estate industry. Megalytics has proprietary software which assimilates data from over 100 sources and scores prospective commercial tenants to help property owners determine the tenant’s ability to me...2017-10-2742 minReal Estate for BreakfastEpisode 19 - Andy KoglinPhil sits down with our first architect on the podcast, Andy Koglin—the President of OKW Architects. Andy tells Phil about current trends in real estate, including redeveloping and adapting bricks and mortar for different uses by creating value and density, and seeing an increase in urban infill properties. Examples of these projects are the new Amazon, Bareburger, and Soul Cycle in the Clybourn Corridor. While Phil has Andy’s ear, he asks Andy to tell us about the NewCity Development, and how he approaches integrated community development projects such as the Southport Corridor.
OKW is involved in many aspects of c...2017-10-0243 minReal Estate for BreakfastEpisode 18 - The University Club of ChicagoThe University Club of Chicago is a private city club residing in a gorgeous 13 floor gothic skyscraper located at the corner of Monroe and Michigan Avenue in downtown Chicago. Phil recorded this episode onsite with its general manager, John Spidalette, head chef and restaurant manager, Mark Baker, and chief engineer, Marty Keane, to discuss the opening of $13.5 million expansion on the 7th and 8th floor. This is a unique development as it involves combining two buildings, dealing with landmark building issues, and raising funds to deliver a beautiful new restaurant (The Parliament), private dining space, two outdoor spaces including a balcon...2017-09-1257 minReal Estate for BreakfastEpisode 17 - Liz HollandThe Back to School Special. Phil sits down with Liz Holland, the CEO of Abbell Credit Corporation and Abbell Associates. Liz takes us to school on current retail real estate trends, what Amazon is going to do to compete in the grocery store market. She also discusses the under-utilization of the female workforce causing a limited economic growth environment, and the fight for sales fairness legislation (a/k/a the main street fairness act). Liz explains the value of brick and mortar and how recent online retailers are transferring to them, creating a situation where the line is murky between onlin...2017-09-0150 minReal Estate for BreakfastEpisode 16 - Linda Day HarrisonMarketing! We all know that we should be doing a better job marketing ourselves and our companies online. But it is hard to know how to market oneself. We had Linda Day Harrison, founder and CEO of theBrokerList, come on the podcast to describe simple tips and strategies to market yourself online. Marketing is simply educating the public about who you are and what you can do for them. Linda is passionate about helping people market and is generous with her time, energy and ideas.
We also asked Linda about theBrokerList, a commercial real estate network created to provide an...2017-08-1153 minReal Estate for BreakfastFollow-Up Call with Colin LaitnerPhil’s friend Colin Laitner (Deeter Investments / Metis Capital) comes back on the podcast as a follow up to Episode 4 to let us all know the resolution of his company’s real estate lawsuit between the Nook and the Westin regarding the Westin’s claim that the Nook’s awesome sound was infringing on its use and enjoyment of its property. It is an interesting discussion of litigation strategy, finding common ground in a multi-dimensional negotiation, and realizing value in the midst of a contentious real estate litigation. This episode is an experiment on using an Uber conference call to connect...2017-08-0339 minReal Estate for BreakfastEpisode 15 - Dan McCafferyPhil sits down for a cup of coffee with Dan McCaffery of McCaffery Interests. Dan explains how he went from a college student in Canada to running a hugely successful real estate development and full service real estate firm in Chicago, Illinois, that has successfully completed over $2 Billion of commercial real estate developments. Dan is a big picture guy who has made big developments his business, including the current development of The Lincoln Common in Lincoln Park, Illinois. The Lincoln Common is the former site of the Children’s Memorial Hospital, and the project will cover a contiguous 6.04 acre area wh...2017-07-1946 minReal Estate for BreakfastEpisode 14 - Jon WinickDistressed Debt. Debt buying is a multi-billion dollar industry that operates largely under the radar. Phil has Jon Winick of Clark Street Capital come on to discuss the business side of debt purchases and sales, the industry, and how it all works. As it turns out, all banks sell loans. There are professional loan buying companies, private equity groups, and individual investors, out there that purchase loans to restructure (i.e. workout) loans and enforce delinquent debt. Jon talks about the process and costs of loan management, the reasons for selling loans, the purchasers in the market, and the opportunities...2017-06-261h 03Real Estate for BreakfastEpisode 13 - Sam RosenIn order to learn more about the coworking phenomenon, Phil has Sam Rosen, co-founder of Deskpass, on the podcast. Sam, a design and technology professional by trade, is a long time pioneer in the coworking space industry (former founder of the “Coop” in River North), and Deskpass allows users to dip their toes in the coworking atmosphere. Sam discusses trends with the millennial workforce, the shift to the freelance workforce, and how companies are using creative strategies to attract top tier talent in urban areas.2017-06-1354 minReal Estate for BreakfastEpisode 12 - Sleeping Bear Capital - Andrew Calcutt and George FreemanFirst, Phil provides an ICSC RECON recap, and he shares his first experience at the storied conference in Las Vegas. Phil then sits down with Andrew Calcutt and George Freeman, two long-time friends and business partners, who invest in 6-30 unit multi-family buildings in the south side of Chicago. Andrew and George discuss their strategies, their challenges finding quality deals in the current marketplace, the lack of REO inventory, distressed debt purchasing, and their strategy of renovating challenged properties to provide affordable, quality housing in challenging markets.2017-05-2558 minReal Estate for BreakfastEpisode 11 - Dee G. Coover - Mother's Day SpecialDee G. Coover. MOTHER’S DAY SPECIAL. In this episode, Phil’s mother Dee G. Coover comes on the podcast to discuss one of the most complex real estate deals one can imagine: The DeKalb Public Library Expansion project. As (now happily retired) director of the DeKalb Public Library, Dee embarked on a 9 year, $25 Million Dollar, journey to renovate an existing historical structure, build a new structure which merged with the historic structure, purchase multiple parcels, change the zoning laws, build public support, obtain government approvals, and finance the project through a combination of public funds, private donations, TIF Financing, loan...2017-05-111h 18Real Estate for BreakfastEpisode 10 - Bobby GoodmanPhil is joined by Bobby Goodman, one of the co-founders of Truss, which could revolutionize the commercial real estate industry with its new real estate tech company, Truss. This company launched in January of 2017 and is already making waves in the community. Truss provides a cloud based platform for office space and gives power to the tenants looking for office space in downtown Chicago and is expanding rapidly to new markets. This company fills a hole in the marketplace and serves an underserved market where tenants can search the marketplace and take control of the process. The Truss company makes...2017-04-2644 minReal Estate for BreakfastEpisode 9 - Craig Nadborne - Q1 2017 Chicago Downtown Office Market ReportCraig Nadborne - Q1 2017 Chicago Downtown Office Market Report. In this episode, Phil has Craig Nadborne, an office tenant rep broker and senior managing director at Bradford Allen, come on the podcast to explain the Bradford Allen quarterly report and describe the state of the office market in downtown Chicago. Craig advises on the current rental rates, total inventory, the difference between A, B and C class buildings, current trends in new office buildings and renovating existing buildings, and what’s to come in future quarters.2017-04-1143 minReal Estate for BreakfastBonus Episode - Cyber Security: What Does It Mean for My Business?In case you could not join us on March 8, 2017, SATC Solution Center L3C hosted a cybersecurity symposium which included a panel of cybersecurity professionals including an attorney, Allison Adams of SATC, an cyber risk insurance professional, Mike Richmond, of the Horton Group, and a technical specialist in cybersecurity, Bruce Ward, of Peters and Associates. We hope you find this thoughtful discussion between experienced professionals helpful in protecting your business.2017-03-281h 43Real Estate for BreakfastEpisode 8 - Bob CavotoJobs! Careers! Bob Cavoto, the founder of 20/20 Foresight Executive Search, comes on to answer all those questions you always wanted to ask an executive recruiter. Bob shoots it straight. Bob explains executive marketing and recruiting, gives career and life advice, and provides a roadmap for how to improve your career and become a C-level executive for real estate companies. It is a fascinating discussion about the job market in commercial real estate and how to market yourself for a C-level executive position. Website: https://www.realestatebreakfast.com/ Email: solutioncenter@satcltd.com2017-03-221h 06Real Estate for BreakfastEpisode 7 - David HaighIn episode 7, Phil has industrial real estate broker, David Haigh, of NAI Hiffman, come on to discuss the different approach needed for massive square footage transactions in industrial real estate. Dave explains a good approach to networking and getting into the real estate business, explains the history and macroeconomic factors that lead Chicago to being of paramount importance in industrial real estate, and new trends in the industrial real estate market.2017-03-0753 minReal Estate for BreakfastEpisode 6 - Steven SpinellPhil's featured guest is Steven Spinell of JLL. Steven is a former professional hockey player turned commercial real estate professional. Steven discusses his work on JLL's build to suit team, his transition to commercial real estate, and his passion project to help competitive athletes transition from the sports arena to the corporate arena. But first, Phil is joined by fellow SATC principal John Campbell to discuss how and why cyber security is a necessity for real estate professionals, and the upcoming cyber security symposium on March 8, 2017, brought to you by SATC Solution Center, L3C. You can register for the...2017-02-2249 min
Real Estate for BreakfastEpisode 5 - David StoneThe State of the Chicago Retail Market! In episode 5, Phil gets the state of the Chicago Retail market from one of Chicago’s premiere retail brokers, David Stone of Stone Real Estate Corporation. David discusses the recent soaring rents in the North Michigan Avenue riverfront area, the challenges and advantages of leasing a unique building such as the Merchandise Mart, and provides trends and forecasts of where this City is going and what both tenants and landlords are looking for in current economic conditions.2017-02-0740 minReal Estate for BreakfastEpisode 4 - Colin C. LaitnerPhil grabs a cup of coffee with his good friend, Colin C. Laitner, the general counsel of Deeter Investments, LLP, a private investment firm, and a principal of Metis Capital, LLC, a commercial real estate development company based out of Austin, Texas. Phil makes Colin tell the story of how he got his position with Deeter Investments, LLP, and discusses a private nuisance lawsuit where a local live music bar on Sixth Street in Austin, Texas, called The Nook, is being sued by a corporate giant, The Westin Hotel. Finally, Colin talks about his efforts to attract foreign investments in...2017-01-2657 minReal Estate for BreakfastEpisode 3 - Robert Walters - Part 2 of 2Robert Walters – Principal of Quattro Development, LLC. In part 2 of a 2 part episode, host Phil Coover continues his conversation with Rob Walters of Quattro Development, Inc., where they discuss the nuances of approaching municipalities around the country, picking sites by looking at population density, the difficulties of entering the commercial real estate industry, and a new non-profit endeavor to help underprivileged youths gain work experience in commercial real estate.2017-01-2633 minReal Estate for BreakfastEpisode 2 - Robert Walters - Part 1 of 2Robert Walters - Principal of Quattro DEvelopment, LLC. IN part 1 of a 2 part episode, host Phil Coover sits down with Rob Walters of Quattro Development, Inc. to discuss how a kid from DeKalb founded a national real estate development company with his partner Mike Liyeos in 2008. Rob explains his company's process to select and develop sites, sourcing materials and contractors, and finding deals across the entire country.2017-01-2639 minReal Estate for BreakfastEpisode 1 - C. Michelle PanovichPhil sits down with C. Michelle Panovich of Mid-America Asset Management, Inc., and Andy Annes of Schenk Annes Tepper Campbell Ltd., to discuss Michelle and Mid-America's redevelopment efforts in connection with the Ford City Mall, the Deerbrook Mall, and downtown LaGrange, IL. Michelle discusses her team's approach, vision, and financing needed to redevelop commercial property on a mass scale. Michelle ends by discussing her rewarding work in support of the Marshall Bennett Institute of Real Estate at Roosevelt University.2017-01-2649 min