Following exponential apartment demand and growth, Luxury Living Chicago Realty has announced recent promotions and the addition of 25 new team members.
Business Growth
Propelling the firm’s growth are suburban marketing and leasing assignments, renewal management, and multifamily development. LLCR has approached new leasing assignments in the suburbs with the same professionalism and strategy employed across 50 previous leasing assignments throughout downtown Chicago. With three projects over 50 percent leased at the highest rents in the suburbs, LLCR expects future suburban marketing and leasing assignments.
In adding renewal management, LLCR has helped owner operators increase net rents upwards of 20 percent, while also improving retention rates above historical averages.
As a co-developer on a mixed-use development at 218 E. Grand, a 21-story building in Streeterville, LLCR is partnering with Mavrek Development and GW Properties to bring the first Class A multifamily development to the Streeterville submarket since 2019. Additional development opportunities are expected from LLCR.
Team Expansion
Since January 2022, a total of 25 new team members have begun working at LLCR. Team members include a mix of operations, accounting, and leasing professionals supporting the firm’s exclusive marketing and leasing assignments, including One Oak Brook Commons, Highpoint at 8000 North, Cadence, Wolf Point East, Wolf Point West, and River City.
Team Promotions
In addition to new team members joining the company, there have been a number of notable leadership team promotions within LLCR:
Co-Founder Amy Galvin has transitioned from managing partner to chief culture officer. In her new role, Galvin will focus on company culture, people operations, and team member wellbeing.
Chris Faye has been promoted from director of operations to managing director. Faye is tasked with overseeing the continued growth of the brokerage and further scaling the operations of the company.
Tamara Hirsch has been promoted from senior portfolio leasing manager to director of portfolio leasing. As new product lines are added to the LLCR portfolio, Hirsch oversees all leasing activity and team dynamics.
