chi-ElginClubhouse This new luxury housing built by Kinzie is the first such development in Elgin since the 1970s.

CHICAGO—Kinzie Real Estate Group just turned five this month, and its history has illustrated the recovery and growth in the region’s real estate market. The Chicago-based firm started out specializing in servicing distressed real estate, a good business in 2011, and by the end of that first year, Kinzie had grown to just under 20 employees. But these days it helps launch and build new luxury multifamily developments, among other projects, and now has more than 50 employees across three divisions and over $100 million dollars in construction activity slated to start this year.

“When we launched five years ago, market demand was strong throughout the Midwest for servicing distressed real estate,” says Steve Spinell, president of the Kinzie group. “Our core competencies in receivership, asset management, brokerage and general contracting services perfectly positioned us for success in a tricky market.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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