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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, John T. Murphy has been a prominent member of the real estate industry since 1989. As Chairman and Chief Executive Officer of Murphy Asset Management, LLC, Mr. Murphy provides leasing and development services 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.

As a principal and owner, Mr. Murphy has been involved in and led the development and repositioning of several million square feet of developments throughout the Midwest and East Coast. Currently, he is in partnership with CIM Group, developing a 500-unit apartment tower, The Paragon Chicago, located at 1326 S. Michigan. Additionally, he’s leading the redevelopment of Old Cook County Hospital. This five-phase, $1 billion project is located in the world-renowned Illinois Medical District. Upcoming projects include two office towers, totaling one million square feet, located at 301 and 321 S. Wacker Drive in Chicago, as well as a Cambria Hotels & Suites in Milwaukee, WI. Other notable accomplishments include Lincoln Park 2550, a prestigious three-tower, 228-unit luxury condominium development in Chicago’s Lincoln Park neighborhood, the Hyatt Chicago “The Loop,” a $71 million redevelopment of 100 W. Monroe, transformation of a 130,976 square foot historic office high-rise in Chicago into a 257-room, full-service hotel, the 85,839 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 the Cambria Hotel Chicago Loop. He is also actively involved in the development of a 206-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 N. Wacker and 200 W. Jackson. Other notable past achievements include successfully leasing several Chicago properties such the Citadel Center, 200 N. LaSalle, and 230 W. Monroe.

 

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