Chicago’s mid-market multifamily brokerages are beefing up on South and West side experts and expanding into the northwest suburbs, and boutique brokerage Luxury Living has a succession plan.
Plus, Colliers recruited a veteran from JLL to lead its Midwest multifamily valuation and appraisal practice.
Read on for more Chicago real estate industry career moves.
➤ Boutique multifamily leasing and residential brokerage Luxury Living — which is assisting in the development of the $102 million Streeterville apartment highrise called the Saint Grand — is getting a new CEO.
The firm’s husband-and-wife co-founders Aaron and Amy Galvin announced that Amy is taking on the CEO role after previously serving as its Chief Culture Officer, while Aaron, the previous CEO, is transitioning away from day-to-day leadership to focus on growing the company’s development and acquisition pipeline.
“Taking the helm, my unwavering focus lies in enhancing operational efficiency, securing and retaining top-tier talent and forging strategic partnerships,” Amy Galvin said in a statement.
As the leadership transition takes place, Luxury Living aims to return its focus to downtown Chicago lease-ups, while building out new opportunities for multifamily ownership. Aaron Galvin plans on spearheading Luxury Living’s push into more acquisition and development plays.
➤ Mid-market multifamily brokerage Essex Realty Group brought on a team from competitor Monarch Realty Partners to expand its South and West side expertise.
Monarch co-founder Michael Anguiano along with principal Robert Berman are joining Essex as managing directors. Other former Monarch teammates Jeremy DeMarco and Daniel Shabsin will serve Essex as associates, while former Monarch marketing coordinator Allie Robson also made the leap to Essex.
“Co-founding and scaling Monarch was the pinnacle of my career,” Anguiano said in a statement. “I’m incredibly proud of the team we’ve built. I’ve been friends with Essex principals for many years and this opportunity to continue to expand the team’s production couldn’t have lined up better.”
➤ Colliers grabbed veteran appraiser Nik Bex from JLL to serve the Midwest multifamily market.
Mex had been with JLL for a little more than a year leading its Midwest multifamily and student housing valuation and appraisal practices and previously worked at CBRE for four years in a similar role.
“His expertise in the multifamily space, commitment to quality and focus on client service will not only strengthen our team but also bring tremendous value to our clients,” Colliers’ managing director Tony Guth said in a statement.
Bex will be in charge of the Colliers’ appraisal and valuation unit’s recruiting and expanding its multifamily client base.
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➤ Kiser Group is pushing into the northwest suburbs.
The mid-market multifamily brokerage added Radina Dimova, who was a real estate broker with Coldwell Banker for the last two years, according to her LinkedIn profile.
She is also a real estate investor, and Kiser added her as an advisor focused on serving inventors, landlords and developers in Chicago’s northwest suburbs.
“Her impressive financial acumen and real estate experience make her an asset to our team,” Kiser’s Jordan Eder said of Dimova.