What Mark Goodman & Associates does

Mark Goodman & Associates, Inc. is a privately held, founder-owned real estate advisory and development firm headquartered at 875 N. Michigan Avenue in Chicago, Illinois, founded in 1978 by Mark A. Goodman. Over more than four decades the firm has completed over $2 billion in real estate transactions across office, retail, residential, and life sciences projects, with a primary focus on the Chicago metropolitan market including Fulton Market, the West Loop, and North Shore suburbs. Its service lines span development advisory (planning, design coordination, financing, leasing and management), investment sales and acquisitions (office buildings, retail centers, residential properties, and land brokerage), and construction management delivered through its wholly owned subsidiary MGA Management Services.

The firm's go-to-market is relationship-driven: MGA sources deals and capital through Mark Goodman's four-decade industry network and active participation in forums such as the Urban Land Institute, International Real Estate Institute, and Chicago Realtors Board, with no traditional marketing channels. Revenue is earned through negotiated professional services fees and transaction commissions on a per-engagement basis, with select customers including TMW Real Estate Group, Fifield Development Corp., Metropolitan Properties of Chicago, Life Time Athletic, and Tishman Speyer. Notable outcomes include the 2005 sale of 550 W Jackson at $125M (then-record $/SF), a 5x lease rate uplift at 405 N Wabash (Beacon Tavern), and a 3x property appreciation at 400 N Elizabeth through successive zoning changes.

The firm is small (1-10 employees) and operates with a lean leadership team consisting of founder/President Mark A. Goodman and Vice President Troy D. Imke. Current strategic activity is concentrated on the 400 N Elizabeth two-tower, geothermal-powered multifamily development in Fulton Market, executed through a 2024 joint venture with The Weldon Group after MGA pivoted the site from its original Life Sciences concept due to deteriorating leasing conditions and Federal Reserve tightening. The project is scheduled for groundbreaking in early 2025 following rezoning to DX-7 (FAR of 714,000 square feet) achieved in May 2024.

Name

Mark Goodman & Associates

Legal name

Mark Goodman & Associates, Inc.

Website

https://mgachicago.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

Mark Goodman & Associates is a Chicago-based, founder-owned real estate advisory and development firm founded in 1978, providing development advisory, investment sales, acquisitions, and construction management services to institutional investors, developers, and property owners across the Chicago metropolitan area.

Ownership category

akta.pro rank

Product category

Real Estate Advisory and Development

NAICS

Offices of Real Estate Agents and Brokers (531210), Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

akta.pro secondary industries

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL), Corporate Finance & Capital Advisory (BPAHADAB), Buy-Side M&A Advisory (FSAEAGAB)

Keywords

• Real estate development
• Investment acquisitions
• Construction management
• Property leasing
• Zoning advisory

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Development Advisory Fees: Fees earned for overseeing development projects from inception through operation, including planning, design coordination, financing, leasing and management services.
2. Investment Sales & Acquisitions: Fees from acquisition, disposition and financing of office buildings, retail centers, residential properties, and land brokerage transactions.
3. Construction Management: Fees earned through subsidiary MGA Management Services for construction management including redevelopments and tenant build-outs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mark Goodman & Associates is a Chicago-based real estate advisory and development firm that connects capital sources with real estate investment and development opportunities. The firm delivers development services spanning planning, design, financing, leasing and management, along with investment sales and acquisitions for office, retail and residential properties, and construction management through its subsidiary MGA Management Services.

Product overview

Mark Goodman & Associates is a real estate advisory firm offering a unified suite of services rather than a software product platform. The company's core offerings include Development Services (planning, design, financing, leasing and management), Investment Sales & Acquisitions (office, retail, residential properties and land brokerage), and Construction Management (via subsidiary MGA Management Services). These services work together to guide real estate projects from initial acquisition through development and operation.

Differentiator

Problem solved

Functional benefit

Brands

• MGA Management Services: Subsidiary construction management arm providing construction management services for redevelopments and tenant build-outs for clients including architects, developers, management agents, corporations, retailers and food-service companies.

Products and services

• Development Services Real estate development services encompassing planning, design, financing, leasing and management to guide developments from inception through operation, delivered to capital sources, developers, and property owners in the Chicago market.
• Investment Sales & Acquisitions Acquisition, disposition and financing of office buildings, retail centers and residential properties, as well as land brokerage, provided to institutional investors, private equity and capital sources.
• Construction Management Construction management services delivered through subsidiary MGA Management Services for redevelopments and tenant build-outs, provided to architects, developers, management agents, corporations, retailers and food-service companies.

Quantifiable outcome

• Over $2 billion in completed transactions since 1978
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• The Weldon Group (Ted Weldon)coreStrategic or Co-development Partner · 1 January 2024Joint venture formed in early 2024 for the two-tower multifamily development at 400 N Elizabeth. Ted Weldon, former head of residential multifamily development for Lend Lease, brings experience of building 8 high-rise multifamily developments in the Chicago area. His expertise complemented MGA's skills for this geothermal-powered residential project.
• Tishman SpeyercoreStrategic or Co-development Partner · 21 December 2018Joint venture development with New York-based real estate firm Tishman Speyer for 320 N Sangamon project. MGA finalized financing and closed the contract in December 2018 with Tishman Speyer as development partner.
• Architects, Legal, Engineering and Life Science Experts TeamcoreImplementation/ SI/ Consulting PartnerMGA works with a team of architects, legal counsel, engineering experts, and life science specialists for complex development projects, particularly for zoning approvals and specialized development requirements.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: World's largest commercial real estate services and investment firm. CBRE's Investment Properties and Debt & Structured Finance groups offer capital markets advisory and development services comparable to MGA's Investment Sales & Acquisitions offering.
• Eastdil Secured: Leading real estate investment banking firm focused on large institutional transactions, capital placement, and structured financing. Comparable to MGA at the high-end investment sales / JV advisory layer, particularly for trophy office and multifamily recapitalizations like 181 W Madison and 320 N Sangamon.
• Newmark Group: Full-service commercial real estate adviser with Capital Markets and Investment Sales focus. Newmark's middle-market office, retail, and multifamily investment sales platform competes for similar institutional capital sources as MGA in the Chicago market.
• Jones Lang LaSalle (JLL): Global commercial real estate services firm offering investment sales, capital markets, project development, and advisory. While much larger and diversified globally, JLL's Capital Markets and Development practice overlaps with MGA's investment sales and development advisory work.
• Cushman & Wakefield: Global real estate services firm with Capital Markets, Valuation & Advisory, and Project & Development Services practices. Comparable to MGA at the advisory and capital placement layer, though Cushman operates at far greater scale and geographic breadth.
• Colliers International: Global professional services and investment management firm with strong real estate capital markets and project advisory capabilities. Comparable to MGA in office, retail, and multifamily investment sales, with overlap in investor representation and JV advisory.

Direct peers

• Marcus & Millichap: Specialist commercial real estate investment sales broker with a national research-driven brokerage model. Marcus & Millichap is the closest pure-play comparator to MGA's Investment Sales & Acquisitions offering, especially for middle-market office, retail, and multifamily transactions.
• Tishman Speyer: Global real estate developer and investment manager with major Chicago presence. Tishman Speyer is an MGA JV partner at 320 N Sangamon and a peer at the large-scale development and capital advisory layer, though operating with far greater capital and geographic reach.
• Fifield Development Corp. Chicago-based real estate development and investment firm with deep multifamily and office experience. Fifield is both an MGA client (225 W Washington) and a peer in Chicago's institutional development and capital advisory ecosystem, making it a directly comparable operator at a similar scale.

Regional players

• NAI Hiffman: Chicago-area commercial real estate services firm offering brokerage, property management, and capital markets advisory. Comparable to MGA as a similarly sized Chicago-focused operator with overlapping investor and developer relationships in the suburban and urban office/retail markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mark Goodman & Associates