The Real Estate for Breakfast podcast is a Chicago centric commercial real estate podcast which presents real estate professionals and attorneys to create thoughtful commentary on current real estate issues, explanations of sophisticated real estate problems, current developments, and entertaining discussion. This podcast is the mixture of the real estate business and law. The podcast hosts developers, property management professionals, brokers, attorneys, owners, investors, visionaries, tenants, tenant representatives, and business owners, and brings conversation about business and real estate issues of all kinds. Hosted by Phil Coover of Clark Hill PLC. DISCLAIMER – No information contained in this Podcast or on this Website shall constitute financial, investment, legal and/or other professional advice and that no professional relationship of any kind is created between you and podcast host, the guests or Clark Hill PLC. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.
Building-For-Rent in Chicago with Steel City Management
On this episode of Real Estate for Breakfast, host Phil Coover and his co-host Jay Augustyn chat with Brett Holmes and Andrew Dealy, co-founders and managing partners of Steel City Management (SCM), a Chicago-based boutique investment company that develops and manages real estate projects for high net worth individuals and institutional investors. Founded in 2015, SCM identifies innovate investment opportunities that generate sustainable, risk-adjusted return for its investors.
On the podcast, Brett and Andrew discuss their backgrounds and initial forays into real estate investment, sharing lessons learned from hands-on ownership and management of multi-family assets in Chicago. Brett and Andrew then describe the evolution of SCM’s capital deployment strategy, focusing on investments in single-family residential rental community development. The single-family residential rental product is increasingly popular with individuals and families across generations who increasingly value flexibility but demand high-quality living spaces and amenities typically associated with home ownership. Brett and Andrew describe in detail the successes earned and challenges overcome with their most recent single-family residential rental investments in the suburbs of Minneapolis, MN and Nashville, TN. They also share their outlook for the future of single-family residential rental development and those markets that are ripe for that product.
Brett Holmes has more than 13 years of real estate investment experience. His investment experience includes luxury rehab, value-add multifamily, ground-up single family rental and multifamily development. Brett’s skills include real estate financial modeling, deal structuring, equity syndications, investor relations and capital raising. Brett also has a decade of interest rate futures trading experience at the Chicago Mercantile Exchange and Board of Trade, where he specialized in financial modeling, trade execution, and portfolio risk management.
Brett volunteers as a Board Member of Autism Speaks to Young Professionals in Chicago. He earned a B.S. in Business Administration from Carnegie Mellon University where he played varsity soccer. He also completed the Commercial Real Estate Investment Course at MIT’s School of Architecture & Planning.
Andrew Dealy has more than 12 years of real estate investment experience. This experience includes value-add multifamily contracting, single family rental development, deal initiation, property management, investor relations and capital raising. Andrew has nine years of securities trading experience on trading desks and in the open outcry markets at the Chicago Board of Trade (CBOT) and Chicago Board Options Exchange (CBOE), specializing in trade execution, deal flow, and portfolio risk management.
Andrew holds a B.A. in Political Science from Yale University where he played varsity soccer.
Learn more about Steel City Management: www.steelcitymgmt.com/.
The State of Chicago’s Multifamily Market in 2021 with Noah Birk and Aaron Sklar, Kiser Group Partners
On this episode of Real Estate for Breakfast, host Phil Coover is joined by Noah Birk and Aaron Sklar, partners with the Kiser Group and two of the highest-grossing brokers of multifamily housing in Chicago. Phil, Noah and Aaron discuss the state of the multi-family market in 2021, as well as how COVID-19 and other events in 2020 impacted the market.
Noah Birk focuses on the disposition of apartment buildings on the South side of Chicago and is Chicago’s highest producing multifamily broker. Since 2014, he has sold more apartment buildings than any other broker in Chicago. He has a reputation of persistence, market knowledge and integrity, which has led to achieving record-setting results for his clients. Noah stays active in the real estate community as a member of the South Side Community Investment Association (SSCIA) and Young Real Estate Professionals (YREP). He is also an experienced operator of his own personal multifamily portfolio.
Aaron Sklar assists investors, developers and property owners on the acquisition and disposition of south side multifamily properties. He has established himself as a multifamily market leader throughout the south side of Chicago, including South Shore, Jackson Park and Chatham. Since 2015, Aaron has successfully completed transactions in excess of $165 million on behalf of his clients, encompassing more than 130 properties and 3,000 units. He has been named a CRE Future Leader by RE Journals, named One To Watch by Bisnow and is regularly mentioned and quoted by an assortment of news and media outlets. In 2017 and 2019, Aaron earned Kiser Group’s Top Closer award. Additionally, he earned two 2019 Commercial Forum Top Producer awards by the Chicago Association of REALTORS, including Platinum for Multifamily Transactions and Gold for Multifamily Sales Volume.
For more information, please visit https://kisergroup.com/.
Constructing Chicago's Skyline During COVID-19 with Michael Meagher, President of James McHugh Construction Company
On this episode of Real Estate for Breakfast, host Phil Coover is joined by President of James McHugh Construction Company Michael Meagher. Many of the buildings that make up the Chicago skyline were constructed by McHugh, including the Vista Tower, which is now the third tallest building in Chicago. Phil and Mike discuss what it was like to build the Vista Tower during the pandemic and how COVID-19 has impacted the construction industry, from material shortages and labor challenges to enhanced safety protocols. In addition, they discuss the 100 Club of Chicago, which provides much needed immediate relief and support to the families of deceased first responders.
Michael Meagher is directly responsible for the overall strategic direction and vision fulfilment for James McHugh Construction Co. Additionally, he reports to the Board of Directors of McHugh Enterprises. He oversees all general contracting activities and associated operations. Starting in the industry as a summer worker for four consecutive years, Meagher took an immediate liking to jobsites and seeing a project from start to completion. Immediately out of college he was hired at James McHugh Construction Co, as an estimator with the company. For over 30 years he exemplifies the company culture of loyalty, promoting within and client satisfaction. He works closely with the company’s senior management team in developing accountable project teams that are empowered to make decisions on the project site to eliminate bureaucracy and provide a seamless project experience. Eliminating obstacles and providing support to project teams is a cornerstone of the management teams’ approach.
Meagher is dedicated to maintaining strong working relationships with clients, ensuring that McHugh’s storied reputation for delivering quality construction solutions is upheld.
As part of his successful strategy of building lasting client relationships and staying on the cutting edge of construction trends, Meagher has led McHugh’s development of a long-term partnership with the U.S. Navy at its Great Lakes Naval Station. He spearheaded the company’s design-build efforts for the $62 million MCPON Plackett Manor Bachelor Enlisted Quarters, whose success spurred the Navy to designate it as a prototype for design-build programs. Since then, Meagher also led a McHugh team to its creation of a design-build program for the Navy’s cutting-edge Battle Stations 21 training simulator.
Meagher has been with McHugh his entire post-collegiate career, starting as an assistant project engineer/estimator, responsible for quantity and labor estimates for rehabilitation and interior projects. He then became a project manager, overseeing retail, office, and healthcare projects. Later, Meagher was asked to set up and manage a marketing department for the firm. As business development manager, he developed target markets and led sales and marketing efforts focused on large, complex construction projects, often in the $100 to $500 million range. Meagher became an officer of the firm in 1997.
During this time, McHugh recognized the potential for great opportunities overseas and construction offices were established in Moscow, Russia and Prague, the Czech Republic. From Chicago, Meagher directed the Eastern European sales and marketing efforts, earning their first major client, Boeing Commercial Aircraft Group. He then helped develop a stand-alone sal
Design Led-Design Build Construction with Mark Wight, CEO of Wight & Company
On this episode of Real Estate for Breakfast, host Phil Coover chats with Mark Wight, Chairman and CEO of Wight & Company, about the intricacies and challenges of architectural design and construction and the efficiencies to the client of a vertically integrated design-led firm that handles design to delivery all in one shop. They discuss some current Wight & Company projects, including the Will County courthouse where the focus is transparency. Phil and Mark also discuss how the COVID-19 global pandemic and the shift to remote working have impacted design and workplace trends and how the company is handling the pandemic.
Mark Wight is Chairman and CEO of Wight & Company, an award-winning architecture, engineering and construction firm that has been in business for more than 80 years. Originally founded by Col. Raulin B. Wight as a civil engineering firm, Wight & Company continues the tradition with a highly acclaimed group of transportation and infrastructure professionals. When Mark took the helm in 1987, he disrupted the industry by pioneering Design Led-Design Build, an integrated model of project delivery promising design and delivery excellence at unrivaled schedule and cost savings. This multidisciplinary approach connects architects to the cost implications of their design decisions and centers the collaborative process as the key to discovering the most creative and responsible solutions. Wight & Company is known for innovative ideas, technologies and responsible solutions ahead of their time. As a result, our company has been at the forefront of delivering environmental solutions that were once unorthodox but eventually became mainstream. The company’s culture of sustainability was integral to the successful completion of the first LEED Pilot Project. The construction value of the firm’s work in progress is over $1B annually and is continually ranked among the top firms in the country. The company has won numerous awards for its work from the American Institute of Architects, Landmarks Illinois, Design-Build Institute of America, U.S. Green Building Council, and many others. The greatest reward for Mark is working with the brightest people in the industry. Today, the firm boasts a visionary and vibrant culture of around 200 design, engineering, and construction specialists, dedicated to creating meaningful impact in the world today and in perpetuity. Mark earned a B.A. from Reed College and a J.D. from the University of Notre Dame. While never formally trained in architecture, engineering or construction, Mark has been a determined student of the industry for more than 32 years.
Learn more at: https://www.wightco.com/
Diversity and Inclusion in CRE with Walker & Dunlop's Jason Golub
In this episode of Real Estate for Breakfast, host Phil Coover discusses diversity and inclusion with colleague and Ice Miller Practice Group Director LaTonya Ellis and Walker & Dunlop Vice President of Diversity, Equity & Inclusion Jason Golub. The guests discuss the topics of diversity and inclusion—how those concepts are similar and how they are different—and why more and more real estate companies are hiring diversity and inclusion leaders and placing a greater emphasis on diversity and inclusion for business, moral, ethical and innovation propositions.
Matt Miller, Ice Miller Partner and Chair of the Firm’s Racial Justice Task Force
But first, Phil introduces special guest Matt Miller, Ice Miller partner and chair of the Firm’s Racial Justice Task Force. As Matt details, the Task Force is really expanding efforts beyond diversity and inclusion, which is traditionally internal, to be the outward face of the Firm as it channels Ice Miller’s highly motivated and highly skilled human resources to address issues of racial injustice in the law and in our communities.
Matthew J. Miller is a partner in Ice Miller’s Municipal Finance Group. Matt has served as bond counsel, disclosure counsel and underwriter’s counsel on over 100 financings, including various short-term and long-term general obligation financings, revenue financings, working cash financings, refunding transactions and special obligation financings issued by states, large municipalities and transit systems, counties, villages, school districts and other special districts. Matt has specific experience in public transportation and airport-related financings.
LaTonya Ellis, Ice Miller Practice Group Director
LaTonya Ellis serves as a practice group director in Ice Miller’s Real Estate and Municipal Finance Practice Groups. She is responsible for overseeing all aspects of administration, management and day-to-day business operations for the Groups.
In her role, LaTonya works closely with Firm leadership to design and implement strategic plans and develop innovative approaches to business operations and development to help execute the Groups’ business plans. LaTonya also is responsible for implementation of synergies, efficiencies and best practices across the practice groups.
Jason Golub, Walker & Dunlop Vice President of Diversity, Equity & Inclusion
Jason Golub joined Walker & Dunlop in September 2020 as the Vice President of Diversity, Equity & Inclusion (DE&I). In this new role, Mr. Golub is responsible for accelerating and strengthening the company’s commitment to DE&I. Mr. Golub will develop and execute a strategy that further incorporates a diversity lens into the firm's culture, which includes changes to how the firm innovates, serves clients, helps communities, and supports em
Chicago Real Estate and Sale-Leasebacks with Marcus & Millichap's David Bradley
In this episode, host Phil Coover welcomes Marcus & Millichap Regional Manager David Bradley to discuss commercial real estate investment brokerage and financing services in the Chicago market. Phil and David specifically discuss the mechanics of sale-leaseback transactions and how these transactions can be structured to unlock value and benefit the long-term goals of both the buyers and sellers. They also discuss the challenges and rewards of managing a team of ambitious professionals and, of course, the ongoing impact of COVID-19 on real estate.
David Bradley is the Regional Manager of Marcus & Millichap’s Chicago Downtown office. He joined Marcus & Millichap as an agent in 2004. He held executive positions within the firm in Florida, Washington DC and Virginia before being promoted to Regional Manager of the Chicago Downtown office in November 2016. David graduated from Pennsylvania State University with a Bachelor of Science degree in industrial and organizational psychology with minors in business, labor relations and dispute management and negotiations.
For more information, please visit https://www.marcusmillichap.com/.
Customer ReviewsSee All
I stumbled upon this podcast and thought the content is fantastic. Looking forward to more episodes!
Beautiful array of Chicago and national real estate issues and developments
Enjoy listening to the podcast on my brown line commute. Love hearing how different businesses in the real estate sector have developed from their beginnings. I know it will bore most listeners but would love to hear about more of the legal issues that plague developments in their various stages.
Real Estate Rockstars!
Phillip and his knowledgeable guests are truly rockstarts! They’re making quality real estate investment knowledge accessible to everyone because they truly believe in the power it has to change lives. The great advice they provide, combined with the relatable way in which they deliver it had me hooked from the very first listen. Thanks for putting out such a stellar show Phillip - keep up the great work!