Sheldon Good Starts New Brokerage Division

CHICAGO–Sheldon Good & Co. International LLC, which has made its name in the real estate auction market, has launched a new commercial brokerage division. Kenneth A. Goldberg, formerly of Inland Real Estate and a founder of Goldberg & Perl Real Estate in Chicago’s Lincoln Park neighborhood, has been named to head the new division as executive managing director of Sheldon Good Brokerage LLC.

According to Steven L. Good, chairman and CEO of the firm (and who was installed as president-elect of the Chicago Association of Realtors on October 1), the division has already generated 40 commercial listings as well as leasing assignments valued at more than $75 million. These include pending contracts on three multi-million dollar office and apartment buildings — two in Michigan and one in Washington, D.C. — and a mixed-use development in the Bucktown neighborhood of Chicago, located on the city’s North Side. The property, located at 2112 W. Courtland, will be kept as residential apartments by the buyer, who may eventually redevelop the site. Asking price was about $750,000.

Good said that he feels that by offering convention brokerage through the new division, the firm can complement the services already offered through Sheldon Good & Co. Real Estate Auctions. Besides commercial property auctions, the firm also specializes in auctioning surplus properties for school districts and religious organizations.