NAI Hiffman Year-End Market Report and 2011 Outlook

January 28, 2011

NAI Hiffman is pleased to present its year-end 2010 market report detailing recent trends, significant transactions and the 2011 outlook for the Chicago Metropolitan office, industrial, multifamily and investment real estate markets.

This year’s report totals 76 full-color pages featuring hundreds of graphs, dozens of tables, up-to-date data, and informative narratives on Chicago’s many real estate submarkets and the local economy.

Click on the image to download the report.

If you have any questions about the market or have any commercial real
estate needs, please contact us by calling 630 932 1234.

Posted by NAI Hiffman | Filed Under Market Reports 

Nutrition firm leases third Aurora space

January 10, 2011

Optimum Nutrition Inc., which makes supplement powders, leased just over 212,000 feet in an Aurora industrial building that will become its distribution center. The Aurora-based company is the first tenant in the building at 900 Bilter Road, which was developed on a speculative basis without any pre-construction leases. Optimum currently has a total of 260,000 square feet in two other Aurora facilities and will keep that space for manufacturing and offices, says David Friedland, a managing partner in the Rosemont office of Newmark Knight Frank Epic who represented the tenant. The company also has an opportunity to expand in the 463,636-square-foot building, which was completed in September and is part of the Liberty Business Center. The lease is long-term, according to Donald Schoenheider, a vice-president in the local office of the landlord, Malvern, Pa. -based Liberty Property Trust. He declines to provide further details. NAI Hiffman represented Liberty. Optimum is a unit of Ireland-based nutrition and cheese company Glanbia PLC.

Source: ChicagoRealEstateDaily.com

Posted by NAI Hiffman | Filed Under General Business, Industrial, Lease 

NAI Global Names Buss SVP of Special Asset Solutions

January 10, 2011

Timothy P. Buss, CCIM joined NAI Global’s Special Asset Solutions group in Dallas as senior vice president. Buss, a lender solutions specialist, will work with banks and special servicers with distressed and REO assets.Buss has a strong background in the banking/financial services industry and commercial real estate. He previously founded and oversaw the lender solutions group of NAI Hiffman’s Asset Management practice. Before NAI, Buss spent a decade as an upper level executive at Lehman Brothers and Boatmen’s Bank/NationsBank, plus two years with FDIC. He also gained leadership experience while working in corporate services and as a principal at Trammell Crow Co.

His notable dealings include: serving as receiver for 16 properties involving 10 lenders; providing transaction management services to NationsBank in eight states–sold more than 100 closed banking centers; part of team that negotiated $1 billion portfolio of loans purchased from the FDIC under a loss share agreement.

“With his background as a banker, bank examiner and real estate services provider, Tim brings a unique perspective that is particularly valuable in helping lenders work through the complex problems in their troubled credit and REO portfolios,” said Jeffrey M. Finn, NAI Global president and CEO.

NAI Global’s Special Asset Solutions team provides asset management, property management, leasing, valuation and disposition services. It handles asset disposition and loan sales for national, regional and community banks.

Source: CoStar.com

Posted by NAI Hiffman | Filed Under NAI Global, New Hires/Promotions