Cultivating Relationships and Innovation in Real Estate with Stream Realty Partners
In this episode of the Real Estate for Breakfast podcast, host Phil Coover and co-host Jay Augustyn are joined by another dynamic duo, Patrick Russo and Brian Duffy of Stream Realty Partners (Stream), a full-service real estate platform representing clients in connection with the investment, acquisition, development and management of real estate across asset classes throughout the United States.
On the podcast, Patrick and Brian explain how Stream’s core values inform their approach to pursuing new business relationships while cultivating the Stream team here in Chicago and throughout Stream’s geographical footprint. Patrick and Brian discuss the current challenges and opportunities for investors, owners and tenants when evaluating Chicago’s real estate market. They also share stories of Stream’s recent wins in the Chicago market and how asset management changes necessitated by COVID-19 presented new opportunities for innovations to a team that embraces innovation as part of its ethos. As an example, Stream describes the recent “Rapid Office” concept and how this new innovation is attracting tenants even in an office market environment with substantial vacancies. Patrick and Brian provide their expectations for Chicago real estate’s post-pandemic future and what that means for Stream’s clients and the market generally.
Patrick Russo is an Executive Managing Director at Stream, where he leads the strategic direction and operations of the Chicago office. Patrick’s primary responsibilities include expanding Stream’s acquisition, development, leasing, and property management platforms and building Stream’s presence in the greater Chicago market. Prior to joining Stream, Patrick was with Lincoln Property Company for more than seven years where he most recently served as Vice President of Acquisitions and Asset Management. While at Lincoln, he assisted in acquisition activities on assets with an aggregate value of more than $700 million on behalf of joint venture and separate account clients. In addition, he was responsible for an asset management portfolio of more than 2.3 million square feet of commercial assets that was valued at more than $500 million.
Brian Duffy is a Senior Vice President of the firm’s tenant representation team in Chicago. He is responsible for growing all facets of the tenant representation business including serving existing and expanding new client relationships while recruiting and retaining top-tier talent. In addition to driving the tenant representation business in Chicago, Brian is responsible for identifying and executing acquisition and development opportunities. Prior to joining Stream, Brian spent seven years at Cushman & Wakefield where he was most recently a Director on the tenant representation team. In that role, Brian participated in more than 125 transactions valued at close to $600 million. His experience spans all industries including professional services, technology, legal, manufacturing and finance.
For more information, please visit https://streamrealty.com/locations/chicago/.
