Categories
Uncategorized

To the praise of the builders

Did I mention that I love real estate developers? Not that I love my wife or my kids, or even my dog, but real estate developers are definitely among my favorite people.

Think about it.

Real estate developers are like gods. [Well, miniature gods, at least.] They create the physical world in which we live. We live in houses and condominiums. A grocery store and a pharmacy are for sale on the street. For the rest of the resort, we have a rest, a casino and golf courses. Restaurants Shopping centers: Office buildings. Cinemas. Truck terminals. Medical and surgical centers. Officer: Factories: Warehouses: Audience: Parking garages. Hotels:

You give a name; If its “man-made” was attached to the dirt, and we could get into it, the real estate developer was probably involved.

Real estate developers are visionaries. They have a vision to recognize trends and the need for change. They realize the imbalance between existence and “necessity.” They see districts, cities, and counties in flow as opportunities for renewal and improvement. Not only do real estate developers see an opportunity, but they use it. They plan to change and commit to it. Then work with it; massage it; shape it; squeeze it; mix it; shake it; the mixture; convulse it; And it will happen.

How could anyone not like that?

Real estate developers are purposeful visionaries. Visions that know how to transform their vision into reality. They are optimistic. They are dreamers and performers wrapped in someone. And for me, they’re fun. It’s not fun, it’s necessary, but it’s fun to be around. It’s nice to work. It’s nice to dream.

I remember back in 1992, when John L. Marks of the Mark L. Realty Group came into my office and said he wanted to buy and rebuild the Marina City commercial complex in downtown Chicago. At the time, the Marina City commercial complex was a rat hole. It is very vacant. With pledge. Going bankrupt on your own. About $ 10,000,000 in real estate unpaid and overdue taxes were found. They need to be physically destroyed and need tens of millions of dollars in repairs. The owners of the apartment condominium, which occupied the 40th floors of the two-corn corn towers, were obviously hostile and uncooperative. Previously, they were burned by the broken promises of the former owners.

But John John saw an opportunity in this mess. He had a vision that the decaying, decaying behemoth of the field of vision could become an economically viable and flourishing ornament.

We spent most of the next four years working on that project. The transformation was remarkable. We had an explosion, which happened.

Today, the Marina City commercial complex houses the Blues Palace, the Blues Palace, Smith and Woleski Steak House, the Bin 36 Wine Cafe, Crunch Fitness, 10 Pin Bowling Lounge, Marina Management, and Marina Management, Skipper Bud’s. From the top of the 20-story garage of each of the residential towers, the pie-shaped condominiums have risen in value, offering some of the most spectacular views of Chicago. The entire Marina City complex has been re-established as a luxury mixed use and entertainment gathering in the heart of Chicago.

Why? Because Chicago real estate developer L. von L. Marx had a vision and a commitment to do so.

I mentioned that I like real estate developers.

Recently, in the spring of 2005, I received a call to join the development team of Madkatstep Entertainment LLC.

Madkatstep Entertainment is a subsidiary of Sears, Roebuck’s և Co. retail giant ԱՄՆ Ryan, a US-based real estate developer based in Minnesota, Minnesota. [Yes, I love Ryan Companies too.]

It started with an idea.

Ryan companies had a concept of building and managing a sports and entertainment venue in a wealthy community with convenient and unique entertainment options.

Sears moved his corporate headquarters to Hoffmann Estates and Illinois in the early 1990s. As part of that move, Sirs acquired a large tractor from nearby land that was ready and accessible for development.

Hoffman Estates is a community in the growing and rich region of northwestern Chicago that is eagerly awaiting the search for quality of life for its residents.

It was a game in the sky.

By the time I was called in as a lead development consultant, Sirs and Ryan had already negotiated a Memorandum of Understanding with Hoffman Estish Village, setting up the main framework of the new Sears Center Arena, including general community funding.

The new tenant of the new Sears Center Arena is a professional hockey team. The main goal for the fall 2006 hockey season was to have a capacity of 11,000 square feet, with 240,000 square feet of footprint and ready-to-live accommodation. It was already April 2005, with only 18 months to go. Even the fastest construction schedule required at least 14 months before opening. Time was running out.

For the next 100 days, the entire development team entered the zone and worked around the clock with Hoffmann Estates.

Real Estate Developer Ryan Companies USA, Inc., in close cooperation with Sears, Roebuck’s և Co. Real Estate Division, has negotiated agreements, issues to be addressed, and to overcome obstacles to obtaining formal development funding and final urban funding. , drafted the agreement on the right of naming. և Property contracts,: accommodate project dissidents who threatened to sue or suspend construction.

After all, it was creativity, perseverance and intense attention that led to the official foundations of Sears Center Arena in 2005. On July 21. It is a unique sports facility that will serve the village of Hoffman Estate and its neighboring cities for decades. It already serves as an economic driving force for complementary development, which will provide new jobs, new opportunities and an expanded tax base.

These two examples of creative development by visual real estate developers are not unique. The scenario of these two remarkable examples and beyond plays every day again and again in large and small development programs.

Transformation of functionally old or dilapidated shopping malls, warehouses and other new and prosperous enterprises.

Resurrect cities and towns in cities and towns with retail and service businesses and condominiums to provide new neighborhoods.

Recycling of polluted brown fields in a safe and efficient environment for consumers and businesses.

Greenfield Developments provide new opportunities, new jobs and new services for developing communities and families.

Real estate developers see the need to meet the challenge and improve the world we live in.

I have been blessed to work with amazingly creative and dedicated real estate developers, big and small, who make a difference and make a profit while having fun in the process.

I said funny. Maybe not every time you face every challenge, but mostly real estate developers are people who really enjoy their job. As a real estate lawyer, working with real estate developers has always been exciting for me.

Why do I love real estate developers? Ask yourself: How many times do you have the opportunity to work with people who make your work “exciting”? What can’t be loved about it?

So the next time you meet a Real Estate Developer, please hold the developer’s hand, look him straight in the eye, and say with deep gratitude and sincerity:

“Thank you. My friend Kim Harp thinks you’re the most visible person in the world. He loves you and thinks you are brilliant. ” [Then slip him my business card and ask him to call me.]

Thank you for listening.

R. Kymn Harp

PS For you with “normal” names, or at least spellings of ordinary names, you might appreciate this help.

My name is Kim and my last name is Kim. Think of Kim as a “church hymn” and “K” instead of “H”. To remember this, link my last name to “Harp” with “Angels”. Then, if that helps, think of me as “Kymn Harp, the dirty angel of the real estate developer” (legal degree).

Thanks again,

Kim