Bespoke Commercial Real Estate

It's been a while since my last post, but this article captures what we've been screaming at Bespoke for the past 20 months. I delivered a negative opening address at a conference in 2023, which was not all that well received. It appeared that people didn't want to believe that all of this real estate debt was going to come due. The below article effectively breaks down our pressing issues into numbers, highlighting the imminent challenges ahead. With over 1.5 trillion of CRE debt maturing by the end of 2025, the current interest rates pose a grave threat to landlords regardless of their property performance. Coupled with the Federal Debt service, the situation is alarming. I am sorry but washing all of this debt is going to be painful. A soft landing is looking more and more precarious by the week. That being said, those that survive and make it through are going to have great opportunities as valuations reset. We are predicting that this will be ideal for our respective clients. Read more about why interest rate cuts may not solve the challenges in CRE lending: #CRE #RealEstate #Economy #InterestRates #Debt #Finance Bespoke Commercial Real Estate

When your client is a floral distributor and sends you 20 bouquets of flowers as a thank you!!!! You are incredible Everflora - Scott LaPlant 💐

We had a great time @ the Female Strong outing on Monday!

Congrats to our clients JAG Capital Management, LLC Cypress Creek Renewables CancerIQ For their recent deals at the iconic Wrigley Building in the past 60 days! #chicago #architecture #officespace #office #cre

We were honored to work with Second Sense to relocate their new HQ @ 1 N LaSalle. One of the many nonprofit organizations finding value & advantageous deal terms in the Central Loop. This expansion will allow them the ability to serve even more clients & expand programming for the blind and visually impaired. Their largest event of the year is happening on April 25th. Visit their website to learn more about the critical work they are doing in the community & how you can support them. https://lnkd.in/gWT2K_tn Congrats Steven Zelner! Emily Smith, SIOR Christopher Cali

Client Spotlight: A-Rent Test Equipment We recently helped A-Rent Test Equipment expand into a 23,857 SF high-image warehouse space with an increased operating capacity.   It is always great to see our clients grow and make efficient use of their space.   A-Rent is a private equity-backed company launched in 2019, founded by Paul Seppanen with a demonstrated history of industry success. They are a rapidly growing, niche, one-of-a-kind electrical test equipment rental services company, or “your first call for electrical test equipment.”   #electricaltesting #industrialrealestate #entrepreneurship #clientshoutout

Congratulations to Stromberg Allen & Company on their lease renewal in Tinley Park, IL!   They will be remaining in their 32,000 SF facility.   Founded in 1889, Stromberg Allen & Company has flourished as a family-run, technologically innovative company with a reputation for outstanding customer service. Their expertise is in the manufacturing of supplemental K-8 products and services including highly detailed complex kits, large format collating, big books, film lamination, digital printing, and high-speed automated finishing. Bill Lussow, SIOR Matt Kelly Robert J. Sullivan #manufacturing #industrial #industrialcre #entrepreneurship

On this International Women's Day, we extend a heartfelt acknowledgment to one of our invaluable team members at Bespoke Commercial Real Estate, Emily Smith, SIOR. We take immense pride in partnering with Emily, as together we aid numerous clients in successfully implementing exceptional real estate strategies!

Happy International Women's Day!   Today (and every day) we celebrate Emily Smith, SIOR and her invaluable contributions to the Bespoke Commercial Real Estate team. We can’t thank you enough for all that you do!   Here's to you and to all the incredible women making a difference! #iwd2024 #internationalwomensday