Michael Richwine
@properties Commercial
Chicago, IL 60611
Phone (312) 506-0200
Property Types
Office, Retail, Specialty
Markets
Chicago
Bio
Mr. Richwine’s extensive experience in real estate encompasses both the banking and real estate fields. First, as a banker and then as mortgage banker, Mr. Richwine specialized in construction lending, mortgage banking and leverage leasing. In 1975, he opened the Chicago mortgage banking office for Coldwell Banker as manager and loan producer. In 1978, he moved to Houston where he was named National Marketing Director for Investment Property. In 1986, he became part of the company’s institutional investment team as a Vice President in Los Angeles and then San Francisco. In 1989, Mr. Richwine joined Homart as First Vice President of their Capital Markets Group. He sold, joint ventured, or financed over 40 regional malls, office buildings, and power centers that created over $1 billion in after tax earnings for its corporate parent, Sears. He rejoined CB Richard Ellis’ downtown office in 1996 to form the Chicago Shopping Center Investment Team. Mr. Richwine has recently joined Colliers Bennett & Kahnweiler to lead their Retail Services Group.
Significant Transactions:
Tenant Represenation for Sears
Century City Shopping Center, Los Angeles, CA $272,000,000
Honey Creek Shopping Center, Tere Haute, IN $64,000,000
Lloyd Center, Portland, OR $167,000,000
Marketplace Mall, Champaign, IL $70,000,000
MetLife Package (10 malls), Regional $180,000,000
University Mall, Tampa, FL $121,000,000
Woodfield Mall (50%), Schaumburg, IL $235,000,000
Leasing and Mgmt for 2 million SF Chicago Center Portfolio
Professional affilations include:
International Council of Shopping Centers
Mortgage Bankers Association
Pension Real Estate Association
Areas of Specialization
Retail Services
Education
Mr. Richwine earned his Bachelor of Arts degree from Indiana University.
Achievements
NAIOP Awards Finalist – 1999
Brokerage Team of the Year Finalist (NAIOP 1999)
Colbert Coldwell Circle Member – 1997, 1998
Investment Team of the Year Finalist (Chicago Sun Time Real Estate Award)
Number 1 Ranking – Investment Property – Midwest Region – Since 1996
Team Recognition Award – Most Sales Generated Worldwide – 1998
