Work Begins on Phase III of Arlington Downs in Illinois

A skilled real estate executive in Chicago, David Trandel has worked on some of the state’s finest developments and possesses more than two decades of capital markets, securities industry, and investment banking experience. David Trandel serves as the chairman and CEO of Springbank Capital Advisors in Chicago, which undersaw development for the Arlington Downs in Arlington Heights, Illinois. 

Arlington Downs consists of a $300-million, mixed-used development that spans 27 acres. The site formerly housed the Sheridan Hotel, which was converted into a luxury 214-unit apartment tower during phase I of the project; additionally, the tower is the location for a 12,000-square-foot co-working operation. Development for phase I was completed in 2015, enabling developers to begin work on phase II. This phase included the construction of multiple retail components that include a dine-in luxury cinema bistro, a limited service hotel, and a climbing wall/health club. Development for phase III is underway and includes approximately 263 luxury apartment units and 329 structured parking spaces.

TODs Promote Physical Activity and Reduce Air Pollution

A career real estate and finance professional, David Trandel of Chicago serves as the chairman and CEO of Springbank Capital Advisors LLC. From his office in Chicago, David Trandel directs the company’s resources to produce Transit-Oriented Developments (TODs).

TODs locate housing, jobs, and services together, thereby improving pedestrian connectivity and sustainable travel. Both of these are advantageous to people and the environment.

For individuals, TODs promote physical activity. They do this by bringing destinations closer to people so that residents can walk or cycle rather than rely on vehicles all the time. TOD residents walk to and from nearby transits to get to and from work. The National Household Transportation Survey estimates that this translates to 19 minutes of walking daily, a third of the recommended physical activity level. Add other short walks to nearby facilities such as grocery stores, banks, post offices, and restaurants and TOD residents are 50 percent more likely to meet their daily physical activity requirements.

TODs also promote environmental sustainability by limiting vehicle use. TODs are designed with narrower lanes and better pedestrian facilities to promote walking over driving. Reduced automobile traffic reduces air pollution, which has been linked to global warming, a higher prevalence of asthma, and cardiopulmonary complications. Less automobile traffic also means fewer car crashes and pedestrian injuries.

The Difference between Class A, B, and C Properties

The CEO and chairman of Springbank Capital Advisors LLC in Chicago, David Trandel leverages more than three decades of experience in investment banking, capital markets, and securities to oversee the development and acquisition of real estate. Under David Trandel’s leadership, the Chicago-based company owns and is developing more than $700 million of Class A real estate.

Most investment properties are divided into three classes: A, B, and C.

Class A encompasses properties that are of the highest quality in the market. These properties have been built within the past 15 years and feature top amenities, such as bike storage, an on-site restaurant, or valet parking. The tenants within a Class A property are often high-earning and capable of paying some of the highest rent prices in the area.

Buildings older than Class A properties are often labeled Class B. Tenants within these buildings have a lower income, and as a result, rent prices are also lower. Although most Class B buildings are well maintained, they have some maintenance issues that must be addressed. Investors may be drawn to a Class B property because its value can be increased with renovations and improvements to the common area.

Finally, Class C properties are over 20 years old and are located in areas that are less desirable. Before these properties can generate good cash flow, they often require major renovations that may involve updating the building infrastructure. Due to the age and location of Class C properties, they command the lowest rental rates within a market.

Stonstreet Properties - Investment Strategies

With more than 27 years of experience as a financial investment professional, David Trandel is currently the chairman and CEO of Springbank Capital Advisors in Chicago. Previously with Stonestreet Partners, also in Chicago, David Trandel acquired and redeveloped high-value real estate assets worth a combined total of more than $200 million for the company.

As a private real estate investment and development company, Stonestreet Partners focuses on commercial properties and has owned, financed, and redeveloped more than $3 billion of high-quality real estate. When considering potential investments, Stonestreet Partners utilizes various criteria, such as the potential valuation of the property in relation to current valuation, determining whether capitalization strategies are in sync with operating strategies, and the potential risk involved with the property. 

Stonestreet also operates its business with a corporate responsibility toward employees. The company focuses on providing an organization that promotes diversity as well as philanthropic and civic activities among its employees.

TODs - Expanding America’s Housing and Transportation Options

A real estate investor based in Chicago, Illinois, David Trandel has over 27 years of experience in capital markets and investment banking. The chief executive of Springbank Capital Advisors, LLC, in Chicago, David Trandel develops and manages Transit Oriented Developments (TODs).

TODs have developed in response to the seismic shift in the US population and the environmental concerns of younger generations. Because of a growing singles population, reduced family sizes, road congestion, climate change, and an increased demand for sustainable urban living, homebuyers and renters are showing a high preference for living in areas conveniently located next to transit amenities. 

TODs are essentially more compact developments located within walking distance to major transit stations. These compact developments are mixed use, including housing, jobs, restaurants, shops, and entertainment. The goal of TODs is to provide more housing and transportation choices for people of all ages and incomes. 

Because everything is within walking distance in TODs, car usage is minimized, leading to reduced energy costs, greenhouse gas emissions, and congestion. This can lower infrastructure costs in the long run, redirecting municipal funds to other sectors such as education and healthcare.

A Look at the Executive Education Program at Wharton

Based in Chicago, Illinois, David Trandel has built an accomplished career in the financial and real estate industries over nearly three decades. Complementing his current work as CEO and chairman of Springbank Capital Advisors in Chicago, David Trandel completed the Wharton School of Business Executive Education Program. 

The Wharton Executive Education program draws the participation of more than 10,000 business executives every year. Both individuals and organizations can enroll for the program, which fosters advanced knowledge of several key business competencies. 

Through Wharton, professionals can pursue Executive Education in the realm of leadership. From Team & Individual Leadership to Negotiation & Persuasion, these courses enable participants to explore their views on management and expand upon them. To this end, Wharton provides courses on such topics as overseeing strong sales teams and becoming a global executive.

Business executives can also turn to the Wharton Executive Education program if they are looking to broaden their knowledge of financial practices. The world-recognized Finance & Wealth Management program helps prepare students for activities in both global and corporate finance. Participants take general courses in financial management and investment and fulfill the coursework needed to obtain crucial financial certifications. Those who participate in at least four of Wharton’s Executive Education courses in six years will receive a Certificate of Professional Development.