Latest posts
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Paul Leongas on How He Decides a Commercial Site Is Worth Buying
The Question That Starts Every Deal Every commercial deal starts with a question that has nothing to do with the building itself: who is going to use this space, and will they keep using it. Paul Leongas, principal of Axis Development Group LLC in Park Ridge, Illinois, starts there because the answer drives everything that…
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Paul Leongas on the State of North Shore Commercial Real Estate
One Market, Many Stories Commercial real estate on Chicago’s North Shore does not move in one direction at one speed. Different uses, different towns, and different blocks all tell their own story at the same time. Paul Leongas, principal of Axis Development Group LLC, works across these markets directly, and the view from the ground…
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Owning vs. Operating: Paul Leongas on Holding Commercial Property
Buying and Owning Are Two Different Skills Buying a commercial building and owning one well are two different skills. Plenty of people can close a deal. Fewer can hold a property over time and have it still perform. Paul Leongas, principal of Axis Development Group LLC, manages a portfolio of commercial holdings across Chicago’s North…
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What Paul Leongas Checks Before He Trusts a Construction Schedule
A Schedule Is a Promise About the Future Most construction schedules are too optimistic to keep. Paul Leongas, principal of Axis Development Group LLC, has learned to read a schedule with a careful eye, because a plan that looks tidy on paper can fall apart the first time the real world pushes back. Does It…
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How Paul Leongas Turns an Outdated Building Into Tenant-Ready Space
An Outdated Building Is Rarely as Bad as It Looks Worn finishes, dated fixtures, and an awkward layout read as problems, but most of them are cosmetic and easy to price. Paul Leongas, principal of Axis Development Group LLC, has built a process for separating the surface issues from the real ones and turning a…
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Reading a North Shore Block: Paul Leongas on Site Selection
The Block Decides More Than the Building Two commercial buildings can look almost identical on paper and perform nothing alike. The difference is usually not the building. It is the block. Paul Leongas, principal of Axis Development Group LLC, treats site selection as the part of a deal that decides the most and gets studied…
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Where Commercial Budgets Quietly Go Wrong, According to Paul Leongas
Where the Money Goes Without Announcing It Most commercial projects do not blow their budget in one dramatic moment. They lose money slowly, in small amounts that hide until they add up. Paul Leongas, principal of Axis Development Group LLC, spends a lot of energy watching for the quiet leaks, because those are the ones…