Episode 15 - Dan McCaffery

Phil 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 which includes 100,000 square feet of retail space, 538 apartment units, 40 luxury condominiums, a 5-story boutique office building, 850 garage spaces, and a 156 room senior living facility, with over 1 acre of open space and multiple swimming pools.  Dan explains how he and his team “imagineers” huge developments, his strategy for pricing the site while factoring in construction and other costs, and obtaining the vision to see the project completion and how it can transform a community.    Dan also discusses his developments in the West Loop and participating in the revitalization of that area, and how to build projects which are attractive to multiple generations including the millennial demographic.  McCaffery interests has been instrumental in pioneering the Strip District in Pittsburgh.  Dan’s story about the sale of the old Nike Town property exemplifies the attraction to real estate development and real estate property values.   Dan also explains why the retail sector may be a great opportunity for investment in this period of bad news surrounding retail.

It is readily apparent that what Dan values above all else is partnerships, and having partners that you can trust, and who share similar visions.  “Relationships over returns,” as Dan says.

McCaffery Interests Website:  http://www.mccafferyinterests.com/

The Lincoln Common Project:  https://lincolncommon.com/

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 14 - Jon Winick

Distressed 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 available for loan purchasers.  Jon also gets into the 2008 downturn, the consequences on the banking industry, and how that changed the loan sale industry. Clark Street Capital puts debt sellers and buyers together and creates a market for these transactions.  Their primary business is value management and sale of complex loan portfolios by selling loans and valuing loans.

Learn More about Clark Street Capital here.

Link to FTC report (The Structures and Practices of Distressed Debt Buying Industry) mentioned on podcast can be found here

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 13 - Sam Rosen

In 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.

Learn more about Deskpass:  www.deskpass.com.   At the 21:00-23:00 minute mark, Sam offers our listeners 50% of their initial month.  Call and mention that you heard about the deal on our podcast.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 12 - Sleeping Bear Capital - Andrew Calcutt and George Freeman

First, 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.

Learn more about Sleeping Bear Capital here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 11 - Dee G. Coover - Mother's Day Special

Dee 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, loans from private banks, municipal bonds, and public grants.   It was an absolute pleasure having Dee’s on to discuss the public library.  Please support your local libraries, and have a Happy Mother’s Day.

Learn more about the DeKalb Public Library here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 10 - Bobby Goodman

Phil 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 the information and pricing transparent, provides a rebate to tenants from the buyer’s broker commission, so much more. 

Learn more about Truss here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 9 - Craig Nadborne - Q1 2017 Chicago Downtown Office Market Report

Craig 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.

Quarterly Report

Learn more about Bradford Allen here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Bonus Episode - Cyber Security: What Does It Mean for My Business?

Bonus Episode:  Cybersecurity Symposium:  “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.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 8 - Bob Cavoto

Jobs!  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.  

Learn more about 20/20 Foresight Executive Search here. 

Website:  https://www.realestatebreakfast.com/

Email:  solutioncenter@satcltd.com

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 7 - David Haigh

In 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.

Learn more about NAI Hiffman here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 6 - Steven Spinell

Phil'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.   

John Campbell on cybersecurity:  2-18 Minute Mark

Steven Spinell:  Starts at 18 Minute Mark (Hockey Talk starts at 26 minute mark)

 

 

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 5 - David Stone

The 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.

Learn more about Stone Real Estate Corporation here. 

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 4 - Colin C. Laitner

Phil 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 his company’s development of light industrial and commercial “flex” space, called the Sheldon Cove Corporate Center, which is part of a commercial condominium development.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 3 - Robert Walters - Part 2 of 2

Robert 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.

Learn more about Quattro Development here.

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 2 - Robert Walters - Part 1 of 2

Robert 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.

Find out more about Quattro Development here. 

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.

Episode 1 - C. Michelle Panovich

Real Estate for Breakfast is a Chicago centric real estate podcast which brings real
estate professionals and attorneys together to create thoughtful commentary on
current real estate issues, explanations of sophisticated real estate problems, details
on current developments and entertaining discussion.

Episode 1 Guest Speaker - C. Michelle Panovich of Mid-America Asset Management, Inc.
Description: In the first episode, Phil 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.

Find out more about Mid-America Asset Management here.

Podcast Artwork (Logo) (00261999xC5BD8).PNG

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, SATC Solution Center L3C, or Schenk Annes Tepper Campbell Ltd. You are urged to speak with your financial, investment, or legal advisors before making any investment or legal decisions.