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July 2026 Illinois Real Estate Journal

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lects near low points. It carries dirt and debris. It finds the one area near the entrance where everyone needs to walk.

One inch of rain falling on a single acre equals roughly 27,000 gallons of water. That is a lot of water for a property to deal with during an afternoon storm. Commercial landscaping should help manage it if it is done correctly.

Proper grading, drainage improvements, bioswales, rain gardens, well-placed trees, and carefully selected plant beds can help slow runoff and move water away from high-traffic areas.

Winter should be considered too. Where will snow be stored? Will piles block a monument sign? Will melting snow drain across a walkway and refreeze overnight? Are plants near the entrance able to tolerate salt exposure?

A well-designed entrance works during imperfect weather.

It doesn’t just communicate preparedness. It also prevents the property manager and everyone utilizing the property from having the same frustrating conversation every time it rains.

What the practical entrance says

A good commercial entrance is not always the one with the most plants. It is the one with the right plants.

Overcrowded beds can create unnecessary maintenance. Plants compete for space. Shrubs grow over one another. Irrigation becomes less efficient. Crews spend more time pruning material that was never given enough room in the first place.

A simpler design can often look better and cost less to maintain.

Choose plant material that fits the available space at maturity. Use perennials and shrubs where they will make the strongest visual impact. Add seasonal color at focal points instead of spreading it everywhere. Place trees where they can provide shade without creating future conflicts with sidewalks, signs, or buildings.

Irrigation deserves the same attention.

The EPA estimates that as much as 50% of the water used outdoors may be lost because of wind, evaporation, runoff, and inefficient irrigation methods. A sprinkler system can operate every morning and still perform poorly.

Heads may be broken. Spray patterns may be blocked. Water may be landing on pavement instead of plant beds. One area may receive too much water while another slowly turns brown.

A practical entrance communicates that the property is being managed intentionally. It reveals that money isn’t wasted.

There is a difference between spending money and getting value from it.

What the after-hours entrance says

A property entrance does not stop working when the sun goes down.

Lighting matters for commercial properties. Visitors should be able to locate the entrance after dark. Walkways should be visible. Building numbers should be easy to read. Trees and shrubs should not block fixtures or create awkward dark spots.

Landscape lighting can also highlight a monument sign, ornamental tree, or architectural feature without turning the property into a theme park. The goal is not drama, it’s clarity.

Energy-efficient upgrades can make practical sense as well. ENERGY STAR guidance notes that LED technology can reduce parking-lot lighting energy costs by 40% or more when paired with controls.

Lighting is easy to ignore because nobody notices it when it works well. That is usually a good sign. A properly lit entrance tells visitors that the property has been considered beyond normal business hours. It says “you are seen.”

What the memorable entrance says

Some properties need more than function. Properties like hotels, senior living communi-

ties, restaurants, apartment properties, medical campuses, churches, and mixed-use developments often benefit from an entrance that feels welcoming and distinct.

This may include flowering shrubs, ornamental trees, decorative planters, stone accents, seating areas, or seasonal displays. None of these elements need to be excessive.

A few well-placed features can soften a large building facade and make an entrance feel more inviting. A thoughtfully chosen tree can provide a focal point. Seasonal color can bring attention to a sign or walkway. Decorative stone can add structure without creating another area that needs constant maintenance.

People may not know the names of the plants. They may not consciously notice why the walkway feels welcoming. They simply know the property feels cared for.

That feeling matters. It tells people your business cares about their experience.

The entrance has already introduced your business

Every commercial property entrance sends a message.

Some say, “We are prepared,” and some say, “We really meant to trim that shrub last spring.”

The good news is that improving an entrance does not always require a major renovation. Start with the obvious things.

Make the sign visible. Keep the walkway clear. Remove declining plants. Fix drainage issues. Inspect the irrigation system. Add lighting where it is needed. Choose plants based on their mature size.

Then decide what you want the property to communicate. An entrance does not need to be impressive simply for the sake of being impressive.

It should be welcoming, functional, and intentional. Because the landscaping has already made an introduction. What story do you want your entrance to tell?

The great mall divide: Coresight report finds that top-tier malls thrive while lower-tier properties struggle

Despite what you might believe from some of the headlines, the U.S. enclosed shopping mall isn’t dead, with many of these retail spots thriving. But not every mall is sharing in the sector’s post-COVID recovery.

That’s one of the key points in a new report from Coresight Research, The American Mall Renaissance: A Bifurcated Sector with Top-Tier Assets Leading the Way. According to the study, the nation’s enclosed mall sector has become divided between high-performing, top-tier properties and struggling lower-tier assets.

“The metrics we look at are heading in opposite directions with these two sets of malls,” said John Mercer, head of global research and managing director of data-driven research with New York City-based Coresight Research. “Whether you look at visits, net operating income, absolute rents or occupancy, the top-tier malls are performing well while the lower-tier malls continue to decline.”

The Coresight report found that by 2025, foot traffic at top-tier U.S. malls had nearly returned to pre-pandemic levels, sitting just 0.1% below 2019 traffic counts.

But the news wasn’t as good for lower-tier malls. Coresight found that foot traffic at these lower-quality malls remained 6.8% below pre-pandemic levels.

Then there are occupancy rates. In its report, Coresight said that top-tier U.S. malls average 95.5% occupancy compared to 89% for lower-tier centers.

The top-tier difference

So, what separates a top-tier mall from the rest?

Mercer said top-tier malls typically feature luxury and high-end retailers while serving affluent trade areas with higher household incomes.

“They are the malls that are thriving and attracting high-end retailers,” Mercer said. “The demographics surrounding the mall matter significantly.”

Those advantages create a cycle of success for higher-quality malls. When a tenant leaves a top-tier mall, its owners can often replace that retailer quickly. Lower-tier malls, though, face the opposite challenge: When an important tenant leaves a lower-tier mall,

Photo courtesy of iStock.

it’s more difficult for its owners to find a replacement.

“If you lose an anchor tenant in a lower-tier mall, you tend to see lower foot traffic in that space,” Mercer said. “Then it becomes harder to fill that anchor space. New tenants don’t join, and it can become a death spiral.”

New concepts

Luxury retailers continue to gravitate toward top-performing malls, but Mercer said some of the most interesting changes in the enclosed mall sector involve what is replacing vacant department store space.

As traditional anchors close stores, mall owners are increasingly turning to entertainment, fitness and healthcare concepts to fill large vacancies. Examples include immersive attractions such as House of Netflix, gyms, medical providers and competitive socializing venues, think experiential retailers such as indoor mini-golf company Puttshack and ping-pong-based entertainment venue SPIN.

“It’s not just about going to the mall for shopping anymore,” Mercer said. “These uses increase dwell time and bring consumers to the mall for non-shopping missions.”

The trend benefits owners in another way. Department stores often occupied space under

favorable lease arrangements that generated relatively modest rental income for landlords. Replacement tenants frequently pay higher market-driven rents.

Other experiential concepts are helping malls reinvent themselves, too. Mercer pointed to attractions such as Dick’s House of Sport locations, which combine retail with interactive experiences.

“The mall becomes a more rounded experience,” Mercer said. “It’s a place to socialize, be entertained and engage with brands.”

Those changes make sense because consumers’ expectations of what the mall experience should be have also evolved.

“We live in an age of instant gratification,” Mercer said. “Consumers want engagement and experiences. Shopping is no longer purely functional.”

Mid-tier malls can thrive, too

While much of the Coresight report focused on the divide between top-tier and struggling malls, Mercer said that many mid-tier U.S. mall properties are increasing their foot traffic today, often by appealing to younger shoppers.

Just look at Gen Z consumers. They continue to embrace mall shopping. Retailers such as Abercrombie and Hollister remain popular among younger consumers, helping support many middle-market malls.

“There are a lot of healthy malls in the mid-tier category,” Mercer said. “A lot of the experiential retail opportunities can work there, too.”

Gen Z shoppers are often looking for discovery and novelty, Mercer said. They enjoy finding new brands and products and frequently return to stores that regularly refresh the merchandise that they offer.

That consumer behavior creates opportunities for malls that can provide changing experiences and a diverse tenant mix.

The lower-tier struggle

For lower-tier malls, however, the path forward is far less certain.

“Their options are limited,” Mercer said. “You lose traffic, you lose tenants. You lose tenants, you lose traffic. It becomes very difficult to turn around.”

Some struggling malls have found new life through redevelopment. In some cases, former retail properties have been converted

into distribution facilities or mixed-use projects. Others have added apartments, hotels or other uses to their sites.

Residential development around malls has become increasingly common, Mercer said, particularly on excess parking lots surrounding existing centers.

“It’s something we’ve been tracking for several years,” he said. “It’s a good use of space and a trend that continues.”

Ultimately, Mercer said the future of retail centers depends on meeting consumer expectations that have been shaped by digital commerce.

Online shopping has become faster, easier and more convenient through quick-commerce delivery services, artificial intelligence tools and streamlined payment options. Physical retailers must respond by reducing friction within stores and creating better experiences.

“Retail is changing,” Mercer said. “Consumers have higher expectations today because of digital channels. Retailers need to reduce friction, improve the shopping experience and create reasons for people to visit.”

Retail sector keeps showing off its resilience

Retail sales continued to show resilience in April, driven by shoppers happy to spend their tax refunds, seasonal purchases and consumers’ ongoing search for value, according to Colliers’ April U.S. Retail Monthly Foot Traffic & Sales Analysis report released in mid-May.

The report found that overall retail sales rose 4.6% this April when compared to the same month a year ago, while foot traffic increased 2.6%. Colliers said that this is a sign that shoppers are still visiting brick-and-mortar stores despite concerns about inflation and broader economic uncertainty.

At the same time, Colliers noted that the retail landscape is becoming increasingly selective. Consumers are still spending, but they are paying closer attention to what they buy.

One bright spot was discretionary spending. Apparel sales remained strong for a second consecutive month as shoppers updated wardrobes and purchased higher-end accessories. Electronics retailers also enjoyed a boost, with sales jumping 9.1% year-over-year. According to Colliers, many consumers used tax refund dollars to purchase new technology and electronics products.

The increased spending translated into more store visits, too. Foot traffic at clothing stores rose nearly 4%, while electronics retailers posted a 2.5% increase in visits.

“Overall retail sales rose 4.6% this April ... while foot traffic increased 2.6% ... this is a sign that shoppers are still visiting brick-andmortar stores despite concerns about inflation and broader economic uncertaintain.”

Value-oriented retailers also continued to benefit from changing consumer habits. As households remain conscious of rising costs, discount stores, dollar stores and off-price retailers attracted a growing number of shoppers.

Colliers reported that visits to discount and dollar stores increased 7.7% in April, while grocery store traffic rose 1.1%. Several value-focused chains posted strong gains, including Five Below, Ross Dress for Less, Citi Trends and Goodwill.

Colliers reported that while consumers are still willing to spend, they are increasingly focused on finding bargains and stretching their budgets.

Not all retailers, though, are thriving today, according to Colliers’ report. Housing-related retail segments continued to struggle, partly because of residential real estate market that remains sluggish. Furniture sales fell 3.4% in April compared to the same month last year, while visits to furniture stores declined slightly. Elevated financing costs and a softer housing market continue to slow the demand for big-ticket home purchases.

Home-improvement retailers saw somewhat better results, with foot traffic increasing 2.8%. Colliers noted, though, that consumers appear to be focusing primarily on spending on necessary repairs and smaller projects rather than busting their budgets to tackle major renovations.

Meanwhile, experiential retail categories showed signs of cooling after several months of strong performance. Visits to theaters and music venues dropped 16.8% in April, while attendance at attractions declined nearly 12%.

Image by hapis from Pixabay

TRUST BUILT ON PERFORMANCE

Par tner with a general contractor trusted by leading companies to deliver complex projects with precision, safety, and speed

Since 1978, Keeley Construction has consistently delivered results on industrial and commercial projects where accountability, per formance, and execution matter most.

Not all industrial markets are created equal: The country’s top 25 industrial hubs are gaining strength

After years of rapid development and shifting market conditions, the U.S. industrial sector appears to be entering a new phase, one marked by improving fundamentals, rising demand and a more balanced supply pipeline.

That’s one of the key findings from Colliers’ June 2026 report, The Markets That Move America: An Inside Look at the Top 25 U.S. Industrial & Logistics Markets.

The report examined the nation’s 25 largest industrial markets, which account for 76% of America’s industrial inventory among the 78 markets tracked by Colliers.

According to the report, the industrial market is transitioning away from the post-pandemic construction boom that flooded many regions with new supply. Today, developers are pulling back while occupier demand is gaining momentum.

In its report, Colliers wrote that the surge in new industrial supply is over. According to Colliers’ research, new industrial deliveries fell 24% year-over-year nationwide while construction activity sits roughly 60% below its 2022 peak.

That shift is helping bring balance back to the market.

Across the country, industrial inventory grew by just 0.5% over the past year, a sharp decline from the rapid expansion seen during the height of the logistics boom. The 25 largest markets grew faster, posting 1.3% annual inventory growth, but even those numbers reflect a significantly slower pace of development.

Several Sun Belt markets continue to dominate industrial activity. Dallas-Fort Worth led all markets with 22.9 million square feet of inventory growth during the past year, followed by Houston with 20.1 million square feet. Greater Los Angeles, Atlanta and Phoenix also remained among the nation’s most active logistics hubs.

Colliers reported that net absorption across the top 25 industrial markets increased 19% year-over-year to nearly 146 million square feet. Nationwide, industrial demand rose 5.2% to 186 million square feet over the last 12 months.

Dallas-Fort Worth remained the nation’s top performer, recording 24.3 million square feet of net absorption. Phoenix followed with 18.5 million square feet, while Indianapolis emerged as one of the strongest Midwest markets with 15.7 million square feet of absorption. Chicago also posted impressive results, recording 14.2 million square feet of demand growth.

iStock photo credit by vitpho

The Midwest continues to demonstrate strong fundamentals. Nine of the nation’s top 25 industrial markets sit in the Midwest, and several are seeing demand outpace supply.

Indianapolis stood out as one of the country’s strongest markets. According to Colliers, the market recorded 15.7 million square feet of net absorption while adding only 3.9 million square feet of new supply during the same period. Columbus, Cincinnati and Memphis also posted strong supply-demand balances.

These conditions are already affecting vacancy rates.

National industrial vacancy reached 7.4% in the first quarter of 2026, up 37 basis points year-over-year. However, conditions were somewhat tighter in the top 25 markets, where vacancy rose only 11 basis points to 7.2%.

Some markets are already seeing vacancy decline. Indianapolis posted one of the largest improvements in the country, with vacancy falling 364 basis points year-over-year to 7.1%. Columbus and Phoenix also recorded significant decreases as demand absorbed previously delivered space.

Phoenix still has the highest vacancy rate among major markets at 10.6%, but even

“Build-to-suit

projects continue to dominate,

but Colliers reported that improving market
conditions are laying the groundwork for the eventual return of speculative development.”

there conditions have improved significantly from a year ago.

Colliers said that the combination of moderating supply and strengthening demand could soon create tighter market conditions in many regions.

Construction activity remains well below its pandemic-era peak, according to Colliers. Industrial space under construction totaled 286 million square feet nationally in the first quarter of 2026, far below the 711 million square feet under construction in 2022.

WE BUILD STORIES.

Our collective insight, gained from years of partnering across service lines, creates consistently great outcomes for our customers. We leverage that combined knowledge to help you achieve project success, executing projects flawlessly and delivering high value for your organization and a positive impact on your people. For us, it’s more than developing the land or constructing the building; it’s about facilitating and creating spaces where people thrive.

Dallas-Fort Worth continues to lead the nation with 34.3 million square feet under construction, while Houston ranks second with 24 million square feet underway. The New York metro area saw one of the biggest increases, with its construction pipeline expanding 150% year-over-year.

Still, developers appear increasingly selective. Build-to-suit projects continue to dominate, but Colliers reported that improving market conditions are laying the groundwork for the eventual return of speculative development.

Rents are also stabilizing. National warehouse and distribution asking rents dipped 0.5% year-over-year to $10.46 per square foot, reflecting a normalization after several years of record increases. Yet rents in the top 25 markets still rose 0.8% to $9.72 per square foot.

Houston led the nation in rent growth, posting a 14.2% increase over the past year.

ASSET/PROPERTY

MID-AMERICA

One Parkview Plaza, 9th Floor Oakbrook Terrace, Illinois 60181

Primary Contacts

Jean Zoerner-Illinois, JMZoerner@midamericagrp.com; Brad Lefkowitz-Michigan, blefkowitz@midamericagrp.com; Brandon O’ Connell-Minnesota, boconnell@midamericagrp.com; Jim Vaillancourt-Wisconsin, jvaillancourt@midamericagrp.com

Core Services

Mid-America provides strategic consulting services that maximize net operating income, net cash flow, and accelerate property appreciation. We provide property and construction management, leasing, due diligence, and market analysis. Additionally, we offer MA Building Services, a self-performing porter and maintenance company offering our clients cost savings and improved accountability for related services.

About Mid-America

Mid-America Real Estate is #1 in retail real estate services in the Midwest, with fullservice offices in Illinois, Michigan, Minnesota, and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The total consideration value of leasing and investment sales transactions facilitated in 2025 was $2.6 billion. Mid-America leases and manages more than 50 million square feet of retail space, provides comprehensive self-performing facility services, and represents over 270 retailers and other tenants. For more information, visit www.midamericagrp.com.

CONSTRUCTION COMPANIES/GENERAL CONTRACTORS

MERIDIAN DESIGN BUILD

9550 W. Higgins Road, Suite 400 Rosemont, IL 60018

P: 847.374.9200

info@meridiandb.com

meridiandb.com

Primary Contacts

Paul Chuma, President

Howard Green, Executive Vice President

Core Services

PRINCIPLE CONSTRUCTION CORP.

9450 West Bryn Mawr Ave., Suite 120 Rosemont, IL 60018

P: 847.615.1515 | F: 847.615.1598 pccdb.com

Primary Contacts

Mark L Augustyn, COO, maugustyn@pccdb.com, James A. Brucato, President, jbrucato@pccdb.com

Core Services

Since 1999, Principle Construction Corp. has been a leading design-build general contractor serving the industrial markets of Chicago Metro, Southern Wisconsin, and Northwest Indiana. We specialize in designing and constructing exacting solutions for our clients, including:

• Built-to-Suit Facilities • Speculative Facilities

• Warehouse and Distribution Centers

• Logistics and Cross-Dock Facilities

• Industrial Outdoor Storage

•Industrial and Manufacturing Plant • Tenant Improvements

• Expansions and Additions• Food Processing Facilities

• Specialty Projects

Selected Projects

• 8,205 SF animal shelter for Heartland Animal Shelter, at 586 Palwaukee Dr., in Wheeling, IL.

• 12,560 SF showroom and outdoor pool park for Doheny Enterprises, at 5307 Green Bay Rd., in Kenosha, WI

• Phase 1 renovation project for SMW Autoblok, at 285 Egidi Dr., Wheeling, IL

ENVIRONMENTAL/ENGINEERING/GREEN FIRMS

DEIGAN & ASSOCIATES, PLLC

28835 N. Herky Drive Lake Bluff, IL 60044 P: 847.682.7381 www.deiganassociates.com

Primary Contact

Michele Brady, Director Business Development & Real Estate Services mbrady@deiganassociates.com

Core Services

Meridian Design Build provides construction and design/ build construction services on a national basis with a primary focus on industrial, office, medical office, retail and food and beverage work.

Company Overview

With a team of in-house professional project managers, Meridian has extensive experience coordinating the design and construction of new buildings, tenant improvements, and additions/renovations from 15,000 square feet to 1,000,000+ square feet. Meridian Design Build has been a Member of the U.S. Green Building Council since 2007.

Selected Projects

University Park Logistics Center, University Park, IL - 970,123 sf speculative multitenant industrial distribution/warehouse facility for Clarius Partners and Hillwood Investment Properties. Silesia Flavors, Huntley, IL - 134,075 sf food production, laboratory, research and development, and office facility for Venture One Real Estate and a global leader in confectionery and beverage flavors. FedEx Ground, Gary, IN324,901 sf package sorting and distribution center on a 78-acre redevelopment site for Scannell Properties and Transport Properties.

The Deigan Group provides client responsive, results oriented environmental consulting and remediation services, with a focus in land-based work, including Brownfield Redevelopment, Power Plant Decommissioning/Redevelopment, Strategic Environmental Planning, Property Assessments and Site Remediation, Compliance/ Permitting, Employee Exposure Testing/Safety Monitoring Asbestos Surveys/Mold/ Indoor Air Quality, Waste Minimization/ Recycling/ Sustainability Plans, Successful Grant Writing.

Firm Overview

A full-service environmental consulting organization specializing in defining environmental business risk and removing environmental uncertainties for property development sites. Our wide range of experience within the environmental industry helps us provide realistic cost-saving strategies for our clients with the goal of reducing their overall environmental liability and obstacles to redevelopment.

SARNOFF PROPERTY TAX

100 N. LaSalle St., 10th Floor

Chicago, IL 60602

P: 312.782.8310

Sarnoffpropertytax.com

Primary Contact

James Sarnoff, jsarnoff@sarnoffpropertytax.com, P: 312.448.5337

Core Services

Since 1986, Sarnoff Property Tax has been a leading and recognized law firm concentrating solely in the field of property taxation. We help clients secure favorable taxes in Illinois through property tax appeals, incentives, and consulting.

Firm Overview

Sarnoff Property Tax’s clients include Owners, Developers, Managers, REITs, Fortune 500 Companies, Private Equity Firms, etc., in connection with commercial property, high-rise and low -rise apartment buildings, condominium associations and singlefamily home portfolios.

MULTIFAMILY FINANCE FIRMS

MARQUETTE BANK

1628 W. Irving Park Road, Unit 1D Chicago, IL 60613

P: 708.873.8639

emarquettebank.com

Primary Contacts

Bill Hinsberger, Executive Vice President, bhinsberger@emarquettebank.com; Patrick Tuohy, Senior Vice President, ptuohy@emarquettebank.com

Core Services

Multifamily/apartment building lending for all Chicagoland. Fast, local decision making. Dedicated local servicing staff. Simple, no-hassle paperwork. Quick close. Flexible terms. All clients enjoy ZRent – an automated, hassle-free, no-cost way to collect monthly payments from tenants.

Company Overview

Marquette Bank has 20 branches, 2 loan offices and $2 billion in assets. Independently owned/operated since 1945. Offering clients full-service, banking, financing, insurance, trust and wealth management services.

WORSEK & VIHON, LLP

180 North LaSalle Street, Suite 3010 Chicago, IL 60601

P: 312.917.2307 P: 312.917.2312

F: 312.596.6412 wvproptax.com

Primary Contacts

Francis W. O’Malley, Managing Partner, fomalley@wvproptax.com; Jessica L. MacLean, Partner, jmaclean@wvproptax.com

Core Services

Worsek & Vihon, LLP represents taxpayers in Illinois by limiting their property tax liabilities through ad valorem appeals resulting in lower tax bills. We have over 40 years of experience and can handle basic to the most complex assessment issues while offering the dependable, personalized attention our clients deserve. We have experience representing owners of all property types. In addition to filing thousands of appeals with the Cook County Assessor, we have been involved in numerous proceedings before various Boards of Review, the Illinois Property Tax Appeal Board, and the Circuit Court of Illinois, and have appeared before the Illinois Appellate and Supreme Courts.

Firm Overview

Worsek & Vihon LLP, is a team of highly experienced attorneys singularly focused on Illinois real estate tax law. The firm is dedicated to minimizing property tax liabilities through strategic tax portfolio management, well researched, creative appeal preparation and aggressive advocacy.

PLATINUM SPONSOR

LIFETIME ACHIEVEMENT

LAURENCE WEINER

Laurence Weiner is the Chair of 56 Maple and co-founder of Marc Realty, one of Chicago’s longstanding commercial real estate firms. He founded Marc Realty in 1976 with his brother, Elliot Weiner, and helped build the company into a diversified real estate platform with a portfolio spanning office, retail, multifamily, and mixed-use assets. A graduate with honors from the University of Illinois in Accountancy, Mr. Weiner also earned his J.D. from Loyola University Chicago, combining accounting discipline, legal training, and entrepreneurial judgment into a career defined by patient investment and long-term ownership.

From the beginning, Mr. Weiner approached business with a simple philosophy: work hard, live modestly, honor partnerships, and focus on buying well. That discipline helped Marc Realty build a reputation for creativity and durability across multiple market cycles. Over the course of his career, he has worked with large publicly traded institutions, private investors, local entrepreneurs, lenders, brokers, tenants, and family-owned businesses, treating each relationship with the same level of respect and seriousness. Whether investing in equity, debt, or structured opportunities across the capital stack, his focus has remained consistent: identify good assets, good partners, and sound risk-adjusted value.

Beyond Marc Realty, Mr. Weiner has supported entrepreneurs in real estate and other industries through 56 Maple and his broader investment platform. He helped co-found Chicago Athletic Clubs and has advised, backed, and mentored business builders across a range of sectors. Through these efforts, Mr. Weiner has remained deeply committed to Chicago’s commercial life, supporting the businesses, neighborhoods, and civic fabric that allow people to live, work, gather, and build lasting communities. His background in accounting, law, real estate, and operating has shaped a practical and disciplined investment style, one rooted less in financial engineering and more in judgment, relationships, and an understanding of how businesses endure.

Of all that Mr. Weiner has helped build, he is especially proud of the community that grew around Marc Realty. The company has been home to multiple generations of employees and their families, including grandparents, parents, children, and grandchildren. Employees have built careers, gotten married, started families, and grown alongside the business. That sense of loyalty and continuity is central to how he measures success.

A true family business, Marc Realty and the broader family platform now include the next generation. Today, Mr. Weiner works alongside his son, Joshua Weiner, his nephew, Solomon Weiner, and other family members, who will continue to carry forward the values of hard work, partnership, loyalty, and long-term stewardship that have defined his career.

Project Awards

Affordable Housing

Albany Terrace and Irene McCoy Gaines

Encuentro Square

Roosevelt Square 3B

Thrive Englewood

United Yards 1A

WINNER! WESTHAVEN PARK STATION

Thrive Exchange

Education / Daycare

Heartland Community College Net Zero Agriculture Complex

Lockport Township High School District 205

Northwestern Deering Library Renovations

Seeds of Discovery

The Field School

WINNER! WAUBONSEE COMMUNITY COLLEGE TECHNICAL EDUCATION CENTER

Government / Community Facility

Bramsen Tropical Forests at Brookfield Zoo Chicago

WINNER! HARMONY SQUARE - THE VILLAGE OF TINLEY PARK

Highland Park Senior Center

Jerseyville Public Library

Metra Lower South Water Street Entrance at Millennium Station

Oswegoland Park District Operations Building

Green / LEED Development of the Year

WINNER! HEARTLAND COMMUNITY COLLEGE NET ZERO AGRICULTURE COMPLEX

Hyde Park Labs

The Pierce

Industrial - Far West

GE Appliances – 1.2M SF Rail Served BTS

WINNER! VIAPHOTON

Amano Enzyme

KORUS Logistics Infra EW

Silesia Flavors, Inc.

Industrial - Near West

SMART Local 265

2700 York Road

IFrost Cold Storage

WINNER! FRAIN INDUSTRIES CAMPUS EXPANSION

Industrial - North

WINNER! VALENT BIOSCIENCESGREENHOUSE ADDITION

56-Acre Truck Parking & Maintenance Facility

424 Howard Avenue

Industrial - South / South West Eurofins

WINNER! STOCKYARDS COLD

SUL4R-PLUS

BC Foods Tenant Improvement

Kurv I-55 Commerce Center

LogistiCenter at Romeoville

Cherry Hill 21

University Park Logistics Center

Interior Design

WINNER! ALBANY TERRACE AND IRENE MCCOY GAINES APARTMENTS

Boston Consulting Group Chicago Office

Brunch City Cafe

Egg Republic

Medline, Northbrook

Medical Property

Advocate Health’s Ambulatory Outpatient Center (AOC)

CCRM Fertility of Chicago

Endeavor Health Cardiovascular Institute

Humboldt Park Health Wellness Center

WINNER! LURIE CHILDREN’S SCHAUMBURG OUTPATIENT AND INFUSION CENTER

Thresholds - Center for Health and Mental Wellbeing

Multifamily / Senior

Albany Terrace and Irene McCoy Gaines

Encuentro Square

WINNER! LUCCA FOX VALLEY

The Pierce at 7 Van Buren

The View at Rock Run Collection

Office - Chicago

191 N. Wacker Amenity Program

Adyen Chicago

Wilson Elser

State of Illinois Improvements

HOK Chicago Office

WINNER! INVENERGY

Office - Suburban

Medline, Northbrook

Wheels Chicagoland Campus

WINNER! POWER HOME REMODELING GROUP

Southland Care Coordination Partners

Redevelopment - Chicago

Advocate Aurora Health – Chicago Webster Ambulatory Outpatient and Surgery Center

Queen B Cafe

The Atrium Club

The Field School

CircEsteem

WINNER! FORTY ACRES FRESH MARKET

Redevelopment - Suburban

Old Joliet Prison

East Court Village

WINNER! 56-ACRE TRUCK PARKING & MAINTENANCE FACILITY

VNA Health Care - Weston

Retail - Chicago

A. Lange & Söhne Boutique Chicago

WINNER! ELECTRIC SHUFFLE CHICAGO

Queen B Cafe

Wolf & Co.

Trump Hotel Ballroom & Conference Center

Source International Showroom

Akris

939 W. North Avenue

Retail - Suburban

Blufish Sushi

Brunch City Cafe

Egg Republic

EXP

Fox Haven Square

New Lenox Sports Complex Phase 1

Old Monroe Distilling Co. Wedding & Tasting Venue

Puttshack Skokie

WINNER! THE JAMES & ELIZABETH BRAMSEN TROPICAL FORESTS AT BROOKFIELD ZOO CHICAGO

2026 Company Awards

Brokerage Firm of the Year - National

Colliers

JLL Capital Markets

Lee & Associates of Illinois

Marcus & Millichap

Matthews™

NAI Hiffman

Northmarq

WINNER! SAVILLS

Transwestern

Brokerage Firm of the Year - Regional

CENTURY 21 Circle

CRE Advising

Cross Street

Interra Realty

WINNER! MADISON ROSE

The Apartment Source

Tenant Advisory Group LLC

Broker TEAM of the Year - Investment

WINNER! CUSHMAN & WAKEFIELD

Eastdil Secured, L.L.C.

Interra Realty

JLL Chicago Multi-Housing Team

Triton Realty Group

The Boulder Group

Broker TEAM of the Year - Leasing

CBRE

Colliers

Cushman & Wakefield - Schneider Team - Leasing

Joe Bronson Team

Transwestern

WINNER! LERNER-SEVIN (SAVILIS)

Building Service Company of the Year

Beverly Companies

WINNER! CRESCENT CLEANING COMPANY

City / County of the Year

City of Pekin

Elk Grove Village

WINNER! JOLIET

Village of Hoffman Estates

Village of Oswego

Village of Romeoville

Developer of the Year

Becknell Industrial

Dermody

DL3 Realty

Flaherty & Collins

Inspired by Somerset Development

Kurv Industrial

Marquee Development

Mavrek

Northern Builders

WINNER! RYAN COMPANIES

Engineering Firm of the Year

Jacob and Hefner Associates

Pinnacle Engineering Group

WINNER! V3 COMPANIES

National Reach. Strategic Real Estate Execution.

We embed ourselves in your business, so we can solve challenges before they become obstacles.

Our Real Estate Group serves as a trusted extension of your leadership team, handling complex transactions nationwide, from acquisitions and joint ventures to development, leasing, and sophisticated financing structures.

General Contractor of the Year - Industrial

Alston Construction

WINNER! CLAYCO

Meridian Design Build

Peak Construction Corporation

Morgan / Harbour Construction

Northern Builders

PREMIER Design + Build Group

Principle Construction Corp

Keeley Construction

Becknell Industrial, LLC

General Contractor of the Year - Commercial

ARCO/Murray

Leopardo Construction

Ryan Companies

WINNER! MCSHANE CONSTRUCTION COMPANY

Pepper Construction

Poettker Construction Company

Capitol Construction Solutions, Inc

General Contractor of the Year - Tenant Improvement

Redmond

Development Solutions, Inc. (DSI)

Executive Construction Inc.

J.C. Anderson

WINNER! SKENDER

Lender of the Year

WINNER! BYLINE BANK

Mesirow

Professional Service Company of the Year

Alymar Media

Crystal Maintenance Plus

WINNER! RIGHTSIZE FACILITY

Hiffman National Project Services

“ Knowledge of Midwest industrial real estate is DarwinPW’s strength. We want to share that strength and knowledge with you.”

For over 45 years, DarwinPW Realty/ CORFAC International has been a leader in industrial and commercial real estate. The company specializes in brokerage, property management, investment and development services primarily in the Midwest. DarwinPW Realty’s highly qualified professionals are problem solvers and utilize a breadth of tools and knowledge to serve our clients best.

George Cibula, SIOR Managing Broker

Property Management Company of the Year

Cawley Commercial Real Estate

WINNER! COLLIERS

Daniel Management Group

Drexel Properties

Farbman Group

Flaherty & Collins

Golub & Company

Hiffman National

Peak Properties

Sterling Bay Property Management

Transwestern

Westward360

Real Estate Law Firm of the Year

Clark Hill PLC

Ginsberg Jacobs

Gould & Ratner LLP

Honigman LLP

WINNER! LEVENFELD PEARLSTEIN, LLC

Polsinelli

Sub-Contractor of the Year

Chicago Voice and Data Authority Corp

WINNER! CURRAN CONTRACTING

MULTIFAMILY PROPERTY MANAGEMENT Chicago-Built. Owner-Driven. Results-Focused.

Westward360 provides a complete rental management solution designed to help owners maximize occupancy, protect their assets, and increase long-term profitability. Whether you own a single condo, a multi-family building, or a larger investment portfolio, our team delivers the expertise and support needed to help your property perform at its best.

SINGLE FAMILY & CONDO MANAGEMENT

We manage the full lifecycle of your building and resident experience.

COMMERCIAL & MIXED-USE PROPERTY MANAGEMENT

Our team specializes in managing office buildings, retail centers, mixed-use developments, multifamily portfolios, and investment properties.

All the structure and expertise of multifamily management, tailored to single-unit owners and condo investors.

REAL ESTATE BROKERAGE

Not only do we manage thousands of rental units and condominium associations all over the city, we also have a full service sales and leasing brokerage ready to serve you!

Westward360 Property Management began in 2005 inside a partner’s apartment with a simple belief: property management could be smarter, more accountable, and more owner-focused. We partner with owners who value a proactive, detail-driven approach-- treating your asset like own own, optimizing returns, and providing full visibility and honest communication.

Request Your Proposal Today: westward360rm.com

2026 People Awards

Architect / Engineer of the Year

Jason Cebulski, Jacob and Hefner Associates

Adam Wilmot, zpd+a

Douglas Hammen, douglasDesign+associates inc

WINNER! GABRIEL IGNACIO DZIEKIEWICZ, DESIGNBRIDGE LTD

Broker of the Year - Investment

WINNER! ADAM PINES, MADISON ROSE

Alex Malzone, Northmarq

Frank Montalto, Institutional Property Advisors (IPA), a division of Marcus & Millichap

Harrison Cohen, Triton Realty Group, LLC

Joe Smazal, Interra Realty

Matt Garland, Cawley Commercial Real Estate

Sarah Jaffe, Cross Street

Yolanda Jeffries, Lux Life Realty

Matthew Fritzshall, Triton Realty Group, LLC

Mark Ahmad, CENTURY 21 Circle

Broker of the Year - Leasing

Jason Wurtz, NAI Hiffman

WINNER! KELLY DISSER, NAI HIFFMAN

William Himmelstein, Tenant Advisory Group LLC

Matthew Stauber, Colliers

Perry Higa, NAI Hiffman

Laura Perlman, DarwinPW Realty/CORFAC International

Mandy Lewandowski, DarwinPW Realty/CORFAC International

Emerging Leader of the Year - Female

Bella Campise, Aigentless

Hannah (Saed) Warren, Elrod Friedman LLP

Megan Barker, Cushman & Wakefield

Natalie Montgomery, Neuberger

Rebecca Szarzynski, Crescent Cleaning Company

Risa Weiss, Kale Realty

Samantha Ruben, Dentons

WINNER! TAYLOR GOLUB, GOLUB & COMPANY

Emerging Leader of the Year - Male

Matthew Olsen, Mesirow

Connor Dale, NAI Hiffman

Shane Rachman, Cross Street

Nathan Zito, Interra Realty

WINNER! TONY COGLIANESE, CBRE

Youssef Nafe, Huntington Construction

Executive of the Year - Female

WINNER! LISA KONIECZKA, CBRE

Margarita Slabada, Alymar Media

Melissa Archer Wirtz, CENTURY 21 Circle

Sarah Cannella, NAI Hiffman | Hiffman National

Executive of the Year - Male

Andy Farbman, Farbman Group

WINNER! ANTHONY FONTANETTA, SKYLINE CONSTRUCTION

Anthony Hrusovsky, Mavrek Inc

Christopher Hume, Cullen Construction Management

Erik Tario, Development Solutions, Inc. (DSI)

Jeff Baker, Illinois REALTORS(R)

Matthew Olsen, Mesirow

Peter Koch, Mavrek

Building What’s Next.

For more than six decades, Golub & Company’s unique vision for real estate has helped establish a benchmark for environments where people thrive. Vertically integrated and entrepreneurial, we build positive impact while delivering exceptional results

Project Manager of the Year

Andre Shakom, Peak Properties

Charlie Hasson, ARCO/Murray

WINNER! DREW HEINZMANN, STERLING BAY

Jeff Maniaci, Cullen Construction Management

Josh Reuter, Hiffman National

Lacey McKenzie, TW Chicago

McKinley Geiger, McShane Construction Company

Tony Bohr, Cullen Construction Management

Property Manager of the Year - Male

AJ Markowski, Draper and Kramer, Incorporated

Anthony Rodriguez, Drexel Properties

Augustus Coletti, Draper and Kramer, Incorporated

Jeffrey Carr, RMK Management

Jonah Gutman, Farbman Group

WINNER! PAT DAWSON, HIFFMAN NATIONAL

Sam English, Peak Properties

Enes Skretovic, Peak Properties

Property Manager of the Year - Female

Jocelyn Bonilla, Daniel Management Group

Charlotte Geslain, Peak Properties

Venessa Menchaca Castro, Peak Properties

WINNER! JULIA HORAN, TRANSWESTERN

Dawn Bishop, RMK Management Corp.

Real Estate Appraiser of the Year

Alex Adams, Xandra LLC

WINNER! RANDAL DAWSON, CBRE, INC.

Real Estate Lawyer of the Year - Female

Elizabeth O’Brien, Levenfeld Pearlstein, LLC

WINNER! HEIDI AZULAY, BCLP

LaVon Johns, Riley Safer Holmes & Cancila LLP

Lisa Sauer, Clark Hill PLC

Real Estate Lawyer of the Year - Male

Brian Liston, Liston & Tsantilis

Howard Jeruchimowitz, Greenberg Traurig, LLP

James Moorhead, Moorhead Law Group, LLC

Jeffery Hoffenberg, Levenfeld Pearlstein, LLC

Jim Brescoll, Bryan Cave Leighton Paisner LLP (BCLP)

WINNER! DAVID TANNER, POLSINELLI

Social Media Influencer of the Year

Ewelina Rafael, Coldwell Banker Realty

Kiera Coleman, Curran Contracting Company

Marty Rinehart, REAL

WINNER! MICHELLE KOCLANIS, CULLEN CONSTRUCTION MANAGEMENT

Seth Eller, Beverly Companies

Yolanda Jeffries, Lux Life Realty

Union / Trade Association Member

WINNER! AGUSTIN A. FERNANDEZ, ADMINISTRATIVE DISTRICT COUNCIL # 1 OF ILLINOIS TRAINING CENTER

Mike Hudson, Bulley & Andrews Masonry Restoration

Volunteer of the Year

Allan Goldstein, Aerial Images Photography

Brian Chlada, Peak Properties

WINNER! JEANNINE REED, COLLIERS

Thomas Davis, Mid-America Carpenters Regional Council

PLATINUM SPONSOR

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