The Chicago skyline is uncharacteristically quiet, but the North Shore’s luxury market is booming while quantum and casino megaprojects keep construction humming.
In the Windy City, our TRD100 captures the brokers, builders and executives who are still moving weight, even as capital tightens and megadevelopments hit speed bumps.
Jeff Lowe continues to dominate luxury volume at Compass, while Dawn McKenna has expanded her boutique operation into a multi-state luxury and development platform. Thad Wong and Mike Golden’s $444 million sale of @properties to Compass cemented one of the biggest brokerage exits in Chicago history.
On the commercial side, Michelle MacKay is steering Cushman & Wakefield with a focus on cost control and endurance as transaction volumes remain muted. Andy Gloor is recalibrating Sterling Bay after setbacks at Lincoln Yards. And John Novak seized the moment, buying a distressed chunk of that same site at a steep discount.
Explore the full Chicago TRD100 to see the rest of the players defining this cycle.