The offices of the real estate brokerage and auction company will be closed Tuesday out of respect. "It is testimony to Steve's leadership that Sheldon Good & Co. remains well positioned for the future," says Alan R. Kravets, president of firm, in a statement. "Its principals and their management team, with over 180 collective years of experience, are poised for significant growth." The firm's offices will reopen on Wednesday and Kravets will continue to manage its day-to-day operations.

Before assuming his role at the firm, Good worked for the Senate in Washington, DC; the Cook County Assessor's Office; the Building, Code and Zoning Division of the Cook County; the State Attorney's Office; and the US Department of Justice in Washington, DC Good also worked as director of the Chicago and National Associations of Realtors, and was recently named chairman of the Realtors Commercial Alliance Committee. Representatives from NAR could not be reached for comment.

Funeral arrangements have not yet been finalized. Good is survived by his wife, Jami, his children, Scott, Logan and David, and his father, Sheldon Good. "We expect to continue the tradition of excellence established by our founder, Sheldon Good, and expanded upon by our late chief executive," Kravets says. "We have a number of exciting projects currently in development. Steve enjoyed this fact."

Good had talked with GlobeSt.com less than a month ago, when he went to Washington, DC, with the NAR, to help lobby President-elect Obama for the commercial real estate industry to get a piece of the federal bailout pie. Good had told GlobeSt.com that the residential loan mess has been overshadowing the troubles that the multifamily community is now facing.