Commercial property brokers are ready for change. Not only do they need the pace of deals to pick back up to bag some commissions, some are finding the downturn in transaction volumes makes for a good time to switch affiliations.
Not only did SVN add to its Chicago office, a well-known developer and proptech executive dove into development of psychedelic therapy spaces and a suburban residential agent for Compass took a step up.
Here’s more on recent career moves by Chicagoland real estate pros.
➤ Multifamily brokers Andrew O’Connell and Joe Vale jumped to SVN’s Chicago team, leaving their former brokerage Horvath & Tremblay, according to SVN.
O’Connell specializes in selling apartment assets throughout Chicagoland and northwest Indiana, while Vale focuses on acquisitions and sales of Chicago-area properties. Vale, meanwhile, had been affiliated with Horvath for less than a year, according to his LinkedIn profile, and, in addition to his brokerage work, has been and remains a self-employed real estate investor with assets geared toward both short-term renters and long-term leases in the Chicago area and southwest Michigan.
➤ Cresa, a brokerage that exclusively represents commercial tenants, landed industrial real estate broker Mike Mangan, who will work to grow the firm’s industrial market share throughout Chicagoland.
He’s been in industrial real estate for 17 years, most recently working with Vestian Global Workplace Services. Mangan has arranged more than 10 million square feet of transactions in his career. He held previous positions with Savills and CBRE.
➤ Jacqueline Lechner, a residential agent with Compass, is moving up in the northwest suburbs. The brokerage elevated her from the broker of record for its Woodstock office into the sales manager role for its Barrington office.
Lechner has been in the real estate industry since 1999, serving both buyers and sellers in northern Illinois and southeastern Wisconsin. Compass entered the Chicago market in 2017 and now has 22 offices and more than 1,600 licensed agents.
➤ Alex Samoylovich, the co-founder of Chicago-based multifamily developer Cedar Street Cos. and co-CEO of proptech firm Livly, is now working to expand a new frontier of real estate geared toward a burgeoning niche of the healthcare and wellness industries.
Samoylovich was among a slew of other real estate pros from across the country who recently joined the board of directors for Jupiter, Florida-based Healing CREI, which owns and invests in real estate supporting the healthcare industry, including psychedelic therapy centers, behavioral health facilities and other therapy and rehabilitation services.
Psychedelic therapy has gained the interest of healthcare and mental health researchers since recent studies of the effects of drugs including psilocybin, MDMA, ketamine and others have shown potential benefits for people experiencing depression and other health problems.
➤ Colliers’ Chicago office hired Chase Schupp as a director, a role that will have him representing tenants in need of industrial, office and healthcare space.
He joined Colliers after a three-year stint with Truist Securities, where he worked on deals that put equity investments into industrial and office net lease properties. He made several recent notable transactions, including two of more than 800,000 square feet of industrial space apiece, in the Sun Belt region.
At Colliers, Schupp will work alongside Alain LeCoque and Ryan Barr.
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