Photo of Michelle Panovich available here.
CHICAGO (January 30, 2020) – Mid-America Asset Management Principal Michelle Panovich has been selected as a 2019 Commercial Real Estate Hall of Fame inductee by Midwest Real Estate News Magazine.
Panovich has over 35 years of real estate construction, development and management experience—the last 33 years concentrated in the shopping center industry. She has successfully provided the management and redevelopment of several major properties, such as Streets of Woodfield, Brickyard Mall and Ford City Mall.
Panovich has also spearheaded the economic revitalization of downtown areas, such as the redevelopment of LaGrange, Illinois, as well as a mixed-use project in downtown Park Ridge, Illinois. Her ability to develop excellent relationships with clients and tenants allow the implementation of meaningful action plans that result in bottom line success for the clients they serve.
“In property management, the greatest challenge is trying to understand your client and what their objectives are. Often there are budget obstacles, so we must find ways to be resourceful to achieve their goals,” said Panovich. “On the redevelopment side, when managing development services, the largest challenge is working your way through present day economic hurdles. It can be difficult to find labor for commercial construction and it has been an issue for over a decade.”
Panovich serves as Chair of the Marquette University Center for Real Estate Advisory Board as well as sits on the board of the Marshall Bennett Institute of Real Estate at Roosevelt University in Chicago and is the past President of the College of DuPage Foundation Board. In 2013, she was awarded the Lifetime Achievement Award from Roosevelt University.
“What I enjoy the most about this business is every day is different, and I continue to learn. It remains true after 35 years,” Panovich said.
Mid-America Asset Management, Inc., a member of Mid-America Real Estate Group and a ChainLinks affiliate, is the Midwest's largest third-party retail asset manager, leasing and/or managing more than 60 million square feet of retail throughout the Midwest. The company is the Midwest’s leading full-service retail real estate organization with offices in Oakbrook Terrace IL, Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.
Midwest Real Estate News Magazine January 2020 Digital Issue: http://bit.ly/2O95BUr
Mid-America Real Estate: www.midamericagrp.com