News & Insights

Sell vs. Rent? The Pros and Cons of Being a Residential Landlord

Whether due to a job change, a growing (or shrinking) family or because hybrid employment allows you to work from Hawaii, you may be faced with deciding whether to sell or rent your residential property. In today’s sky-high rental price market, renting your home may seem the smart choice. Alternatively, while home prices have begun […]

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Benefits of Using Your REALTOR® for Property Management and Sales

Recently a tenant in a residential building we manage approached the property manager to ask for a recommendation on a REALTOR® to list their unit for sale. Our property manager informed him that GNP Realty has a brokerage arm and was well-positioned to list and sell the unit. GNP’s philosophy of being a single source […]

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Benefits and protections for managed buildings during large public events

The holiday season in Chicago officially kicks off each year with the spectacular Magnificent Mile Lights Festival. The centerpiece of the festival is the largest nighttime parade in the U.S., during which 1 million lights on 200+ trees illuminate as the parade (led by Mickey and Minnie Mouse) proceeds down North Michigan Ave. (“The Magnificent Mile”) […]

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Commercial Property Construction: 6 Types You Need to Know About

When planning new real estate construction, it’s helpful to understand common construction material types. Beyond the cost of materials and the associated long-term maintenance, there are implications for insurance underwriting in the event of a fire. A little knowledge and advanced planning will help you anticipate and manage insurance costs—now and in the future.   Insurance […]

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Rental Property Maintenance Costs You May Not Know About

With mortgage interest rates rising and rental properties commanding higher rents, some property owners are tempted to become landlords. Money earned from rental properties can offset mortgage costs or provide extra income during these inflationary times. Before diving into the rental market, consider these unexpected and often overlooked rental property maintenance expenses to help plan […]

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Commercial Property Construction 2022: Five Core Phases for Success

The commercial construction market is healthy. Despite inflation, supply chain issues and labor shortages, strong fundamentals in the industrial, office and retail markets are poised to keep the commercial market recovery progressing at a modest pace during the next two years, according to the National Association of REALTORS®.  Commercial construction differs from residential construction in […]

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Chicago Mayor Appoints GNP Executive as Commissioner for the Special Service Area of Michigan Avenue

John R. Gagliardo, executive vice president of development and construction for GNP Realty Partners, has been appointed by Chicago Mayor Lori Lightfoot as a commissioner for the Michigan Avenue Special Service Area. Special Service Areas (SSAs), commonly known as Business Improvement Districts in other cities, are local tax districts that fund expanded services and programs, […]

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