Advice for Chicago real estate developers

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Uploaded by on Feb 12, 2009

I've known David Hall for most of his career, and have long considered him one of the smartest, most articulate real estate brokers in Chicago. This fifth part of our 6-part discussion is focused on how Chicago real estate developers are navigating this difficult market.

Hall has seen the ups and downs of Chicago's real estate market during his more than 30 years in the business. The market crash of the early 80s wrecked his construction business, leaving him down to his last $5.

The last 20 years, however, have seen Hall presiding over Coldwell Banker's Lincoln Park Plaza office and building it into a powerhouse, with more than 200 agents and $1.7 billion (yes, billion) in sales in 2006. To put that sales number in perspective, if Hall's office were a company it would be one of the largest real estate companies in the United States. From 2004 through 2006 his office ranked first in sales in the entire Coldwell Banker system.

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