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EDUCATION
Bachelors Degree, John Carroll University (University Heights, Ohio)

ACHIEVEMENTS
Licensed real estate broker in the state of Illinois
Featured in Real Estate Chicago Magazine' 40 Under 40 List, Wall Street Journal,
Chicago Tribune, Chicago Sun-Times and Crain's Chicago Business
Chicago Architectural Foundation Trustee Award
Illinois Real Estate Journal’s Broker All-Stars Award

ACTIVE INVOLVEMENT
Building Owners & Managers Association (BOMA)
Executive Club of Chicago
Urban Land Institute (ULI)
Co-chair of buildOn (formerly Building with Books)

CLIENT SAMPLING
AON
Chase
Cornerstone Real Estate Advisors LLC
Eurohypo
General Electric Pension Trust
MassMutual

JOHN T. MURPHY

CHAIRMAN AND CHIEF EXECUTIVE OFFICER

jmurphy@mbres.com
PHONE: (312) 558-3882
FAX: (312) 739-4305

Recognized as one of the leading real estate experts in Chicago for his development, advisory and management skills, Mr. Murphy has been on the real estate scene since 1989. As Chairman and Chief Executive Officer of Murphy Asset Management, LLC, he develops corporate opportunities, advances company initiatives and serves as a principal and advisor to institutional clients. He also leads development initiatives and has been involved in various equity syndications for the acquisition and repositioning of assets across the United States.

Primarily as a principal and owner, Mr. Murphy has been involved in, and in most cases, led the development and repositioning of several million feet throughout the Midwest and East Coast. His recent notable accomplishments include Lincoln Park 2550, a prestigious three-tower, 219-unit luxury condominium development in Chicago’s Lincoln Park neighborhood; the Hyatt Centric “The Loop” Chicago,” a redevelopment of 100 W. Monroe, a 183,275 square foot historic office high-rise in Chicago into a 257-room, full-service hotel; the 88,000 square foot redevelopment of the Chicago Motor Club building at 68 E. Wacker into a 143-room, select-service Hampton Inn; and a 237,200 square foot redevelopment of the Oriental Theater Building at 32 W. Randolph into a 199 room Cambria suites hotel. He is also actively involved in the development of a 227-acre private marina and beach resort on Lake Erie in Ohio.

Over the years, Mr. Murphy has also brokered high-profile properties such as the development site at 155 North Wacker and 200 West Jackson. Other notable past achievements include successfully leasing several Chicago properties such the Citadel Center, 200 North LaSalle and 230 West Monroe. Mr. Murphy received his bachelor’s degree from John Carroll University in Ohio. He is an active member of the Building Owners & Managers Association, the Urban Land Institute and the Executive Club of Chicago. In addition to participating in various civic organizations, he also serves as Trustee for the Peggy Notebaert Nature Museum and is co-chair of the buildOn organization (formerly Building with Books).

 

PROJECTS

  • 1326 S Michigan, The Paragon Chicago: 500-unit class A luxury residential tower, delivery Q1 2019, $171 M
  • Old Cook County Hospital Redevelopment: Mixed-use, to include 210-key Hyatt hotel, 72,330 RSF of office space, 24,510 RSF retail and a 4,114 RSF Cook County Medical museum, delivery Q4 2019, $145M
  • Cambria Hotel & Suites, Chicago: Redevelopment of historical 1928 building, 199 keys, delivered Q3 2017, $74M
  • Hyatt Centric The Loop Chicago: Redevelopment into 257 key Hyatt Centric, delivered Q2 2015, $110M
  • Hampton Inn, Chicago Motor Club, Chicago: Award-winning redevelopment of City of Chicago landmark, 143 keys, delivered Q2 2015, $55
  • Lincoln Park 2550: 219-unit luxury condominiums, 7 single family homes, 427 parking spaces and a 1.25 acre park: Broke the record for $/sf in Chicago residential market, $438M
  • Bay Point Resort and Marina: 227-acre ground-up development, 744-slip marina, 9-hole golf course, 462 units and 43 lots $31M