Several construction and real estate firms in the Chicago and Midwest region have announced new developments, promotions, and appointments this week.
Nicholas & Associates, a construction management company specializing in design/build and general contracting services, has commenced work on two new junior high schools in Joliet, Illinois. The firm held simultaneous groundbreaking ceremonies to mark the start of these educational projects.
In the banking sector, Marquette Bank has welcomed Richard Nichols as its new Vice President of Commercial Banking. Nichols brings nearly a quarter-century of experience in commercial business banking to the role. His background includes an education from the University of Illinois – Chicago and extensive lending experience at the former Royal Savings Bank in Chicago, providing him with a comprehensive understanding of the Chicagoland business banking landscape.
RMK Management Corp. has taken on property management responsibilities for HQ Residences, a newly constructed rental community in downtown Mount Prospect, Illinois. The development, a joint venture between Harlem Irving Companies, Hamilton Partners, and T2, is situated at 122 E. Northwest Highway, directly opposite the Mount Prospect Metra station. The six-story property comprises 87 units, including 81 apartments and six rental townhomes, along with 3,500 square feet of retail space on the ground floor.
Kiser Group has announced the promotion of Jake Parker from Director to Senior Director. Parker’s eight-year tenure with the firm has seen him progress from an analyst role to become a key figure in the company’s success. His expertise lies in multifamily sales and condominium deconversions, with a particular focus on Chicago’s North Side, where he collaborates closely with his long-time partner, Andy Friedman.
Farbman Group has expanded its team with three new additions. Bonnie Liu joins as a project manager, Chris Newsome takes on the role of senior staff accountant, and Jeannie Buettner assumes the position of administrative assistant and assistant property manager.
Intersect Illinois, an organization dedicated to economic development, has appointed three new members to its board of directors. The new appointees are Paul Alivisatos, President of the University of Chicago; Brett Hart, President of United Airlines; and Dan Mahony, President of the Southern Illinois University System. These additions to the board reflect the diverse support for economic development in Illinois, encompassing both corporate partners and higher education institutions.
These developments underscore the dynamic nature of the commercial real estate and construction sectors in the Chicago and Midwest region. The groundbreaking of two new schools by Nicholas & Associates highlights ongoing investment in educational infrastructure. Marquette Bank’s new hire emphasizes the importance of experienced professionals in the commercial banking sector, while RMK Management Corp.’s new property management contract for HQ Residences showcases the continued growth of mixed-use developments in suburban areas.
The promotion at Kiser Group and the new hires at Farbman Group demonstrate the internal growth and expansion occurring within real estate firms. Meanwhile, the appointments to the Intersect Illinois board of directors underscore the collaborative efforts between corporate, educational, and economic development sectors in driving growth and innovation in the region.
These various announcements reflect a vibrant and evolving commercial real estate landscape in Chicago and the Midwest. From new
construction projects and property management contracts to strategic hires and board appointments, the region continues to see significant activity across multiple facets of the industry. As these companies and organizations adapt and grow, they contribute to the ongoing development and economic vitality of the area.