Winter officially begins December 21, but Chicago has already experienced its first (and likely not last) sub-freezing temperatures, bringing with them the potential for frozen pipes. While a frozen pipe and the resulting lack of running water is an inconvenience, it also can lead to a burst pipe, causing extensive damage and loss of personal […]
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Acquisition of an HVAC Firm Expands One-Stop-Shop Offering for GNP’s Construction and Property Management Client Services GNP Realty Partners has added a full-service HVAC company to its family of real estate services. The company expands the offering of GNP’s Chicago Management Personnel Services (CMPS), which provides tenant build-out and maintenance services, including janitorial, construction, grounds
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Smart buildings have changed how we experience the built environment. Once deemed “cool” (and costly) features, smart building technology is a basic requirement for new builds—residential and commercial—and current owners view it as desirable for retrofitting existing, older structures. The origins of smart building technology go back to the early 70s, but the explosion of
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Most property owners and investors seek to grow the property’s value and increase the return on investment (ROI). The best way to accomplish that goal is to hire a professional property manager to oversee the investment and manage the day-to-day operation complexities that few owners have the time or expertise to handle, including the all-important
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Most tenants (and many landlords) don’t differentiate between “leasing” and “renting,” assuming the existence of a legal agreement signed by both parties. Subsequently, these terms are often used interchangeably. However, in property management, there are some subtle yet important distinctions. Before marketing a property for tenants—residential or commercial—owners and landlords should consider the following. Long-term
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Good tenant relations equate with good business. Maintaining strong, positive relationships with your residential or commercial tenants will increase tenant satisfaction, lower turnover rates and lead to more profitable investments. They can also lead to referrals, which are especially valuable on the commercial side in an office market characterized by more inventory than demand. Property
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Mixed-used development has seen a resurgence as urban centers look for ways to revitalize central business districts post-pandemic. The Chicago real estate market is among the U.S. urban centers responding to the demand for multi-use development, responding to a desire for workplace flexibility, communities that support lifestyles and ongoing housing shortages. Mixed-use development blends multiple
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GNP Realty is a family of real estate businesses, offering building owners and investors a single source for tailored, property-related services — from development and construction through management and operations. In addition, family values underpin GNP’s approach to business services. “We emphasize collaboration, relationships, and partnerships with clients, colleagues and vendors,” says Dean Kutrumanes, principal
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Hiring a property management company can be a big expense, especially in the short term. It can also save you money in the long run. If you have good tenants, a property in good repair, and you live nearby, you may not feel the need for a property management company. But when you live out of town, lose a tenant, and the property needs repairs, your accredited property manager becomes an important asset.
How Hiring a Property Management Company Affects Your Profit Read Full Article »
Whether planning to build a home or business structure or planning an addition or renovation to an existing building, you’ll likely find yourself involved in the entitlement, zoning and permitting processes before any work can begin. Depending on the project, location and design, this process can take months or even years to ensure it adheres
