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    Chicago Real Estate Investment: Field Harbor Parking - [Cached Version]
    Published on: 5/1/2003    Last Visited: 11/16/2008  

    The Field Harbor Parking LLC partnership is represented by Dick Delaney, executive vice president of Chicago-based Mark Goodman & Associates.
    ...
    "Metered parking in the immediate area has been greatly diminished because the city removed many meters on the lower level of Randolph Street, Columbus Drive and Wacker Drive for security reasons after 9/11," Delaney said.

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    City Drivers Pay The Price To Park - InfoBeat Top... - [Cached Version]
    Published on: 5/12/2004    Last Visited: 5/12/2004  

    Has Dick Delaney got a deal for you.For roughly $25,000, you can purchase a piece of prime Chicago real estate -- a parking space in the Field Harbor parking garage.

    "We actually sold three stalls to a gentleman from London," says Delaney, executive vice president of Mark Goodman & Associates, a real estate management and brokerage firm that represents the garage's owner.
    ...
    A few decades ago, "parking was free, like air and water, and it was everywhere," Delaney says.
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    "We're selling it one stall at a time," says Delaney, who acknowledges that offering the spaces, which are not attached to condominiums, is a bit novel.

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    Don DeBat - [Cached Version]
    Published on: 9/7/2004    Last Visited: 12/9/2005  

    "As property keeps appreciating in the hot Millennium Park neighborhood, people are seeing the value in owning a downtown parking space near Michigan Avenue and Grant Park," said Dick Delaney, executive vice president of Field Harbor Parking LLC.
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    Within five months, the garage also will have a new $500,000 commercial elevator for eight to 10 people that will connect the lower-level parking garage to Randolph Street, Delaney said.

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    Enteraprise : News - [Cached Version]
    Published on: 7/26/2003    Last Visited: 6/25/2004  

    Providing the real estate industry with current news and trends in software and technology, Enteraprise published the Realize Solutions 2003 Q4 Industry Report featuring analysis from Richard Delaney, Vice President of Mark Goodman and Associates.

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    Field Harbor Parking Condominium - Questions? - [Cached Version]
    Published on: 11/5/2006    Last Visited: 11/16/2008  

    Delaney envisions the finished space outfitted with an array of flat-screen TVs on the walls, a tricked-out sound system, a full wet bar, steam shower and other extravagances.
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    "We'll put the wet bar and the seating over here and the flat-screen TVs on these three walls," Delaney is saying as he stands in what is now a 20-by-20-foot storage space piled with old hoses, signs and buckets.
    ...
    Delaney has reason to think so. A car collector has already bought a similar private-entrance space-along with eight regular parking spaces-and will do the finishing himself. He paid about $500,000 for the deal, Delaney says.

    The two-story Field Harbor was built in the 1980s on what had been Illinois Central tracks beneath the row of apartment towers on East Randolph. It operated as a rental parking garage but, Delaney says, never thrived because it was too far from Michigan Avenue. That was before the downtown-living concept took off and way before Millennium Park flowered across the street-and up four flights of stairs-from the garage.

    Delaney bought it for $4 million, or $10,000 a space, in 1997 on behalf of New York parking pasha Armand Lasky, who owns more than 12,000 rental spaces in Pittsburgh, St. Louis and Houston, according to Delaney. Delaney bought it for $4 million, or $10,000 a space, in 1997 on behalf of New York parking pasha Armand Lasky, who owns more than 12,000 rental spaces in Pittsburgh, St. Louis and Houston, according to Delaney.
    ...
    Delaney is equally bullish on his million-dollar auto penthouse at Field Harbor, believing its status appeal got a boost when the other one sold.

    He is positively uncorked when he talks about his plans for the space.
    ...
    Delaney feels the same way about his penthouse. "After the third wife and the boat, a guy is going to get into collecting cars," he maintains.
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    value in owning a downtown parking space near Michigan Avenue and Grant Park," said Dick Delaney, executive vice president of Field Harbor Parking LLC.
    ...
    "Within five months, the garage also will have a new $500,000 commercial elevator for 8 to 10 people that will connect the lower-level parking garage to Randolph Street," said Delaney.

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    Inside Publications - Downtown workers, residents join... - [Cached Version]
    Published on: 6/2/2004    Last Visited: 6/2/2004  

    Dick Delaney, executive vice president of the firm, has worked closely with Kretchmar to upgrade the garage and help market the spaces to users and investors.
    ...
    "Metered parking in the immediate area has been greatly diminished because the city removed many meters on the lower level of Randolph Street, Columbus Drive and Wacker Drive for security reasons after 9/11," Delaney said.

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    Parking spot nets $160,000 in Boston - The Washington... - [Cached Version]
    Published on: 4/28/2004    Last Visited: 4/28/2004  

    In New York, spots range from $150,000 to $250,000, and in crowded San Francisco, they max out at about $200,000, said Dick Delaney, a developer at Chicago-based Mark Goodman & Associates who specializes in the parking market.In Chicago, spots range from $30,000 to $80,000, he said.

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    REJournals.com - Regional news and information for the... - [Cached Version]
    Published on: 2/26/2001    Last Visited: 3/8/2001  

    We have the ability to give direct connections , says Richard Delaney , executive vice president of Mark Goodman & Associates Inc.This is almost the grand central station of bandwidth..

    The new building will not be the first telecom hotel on the block.A number of buildings near the proposed site , including Prudential Plaza and The Doral , have converted traditional office space and leased it to telecom users , according to company officials.

    Boulevard Tower East promises to be a costly project that will draw top dollar from telecom tenants.
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    Despite the higher costs , Delaney says , new construction has its advantages.While revamped warehouse buildings generally come equipped with the high ceilings , large floor plates and heavy floor loads required by telecom users , they sometimes fall short in areas such as heating and cooling , power accessibility , access and security , Delaney adds.There is also a limited supply of old buildings ripe for conversion.

    Meanwhile , most prospective tenants won't experience sticker shock when they are quoted rates for the building.Chicago telecom rents have some room to grow , Delaney says.While space in Chicago earns $ 20 to $ 30 per square foot , space in San Francisco draws $ 100 per square foot and space in New York and Boston generates $ 60 to $ 75 per square foot.Delaney did not release rates for Boulevard Tower East.

    Boulevard Tower East's telecom friendly features include 250-pound floor loads , 100 watts per square foot of clean power , 50 megawatts of back-up power , redundant cooling to handle massive power usage , 29 , 000 square foot floor plates and a windowless , secure environment.

    Earlier plans called for a 15-story , 435 , 000 square foot telecom hotel that would anchor a 67-story mixed-use development that would also include 480 apartment units and 518 covered parking spaces.They've since scrapped those plans.

    It really was not a good mix , Delaney says.
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    Currently , Delaney says , none of these users are on the 30th story of a building..

    We're trying to make an assessment of what the market would accept , Delaney says.

    The company is also assessing how softening in the tech sector and the overall slowdown of the economy will affect the plan.

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    The State | 04/28/2004 | Pricey parking just part of... - [Cached Version]
    Published on: 4/28/2004    Last Visited: 4/29/2004  

    In New York, spots range from $150,000 to $250,000 and in crowded San Francisco they max out at about $200,000, said Dick Delaney, a developer at Chicago-based Mark Goodman & Associates who specializes in the parking market.In Chicago, spots range from $30,000 to $80,000, he said.

    The high prices also are found overseas.

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    USATODAY.com - City drivers pay the price to park - [Cached Version]
    Published on: 5/11/2004    Last Visited: 5/12/2004  

    Has Dick Delaney got a deal for you.For roughly $25,000, you can purchase a piece of prime Chicago real estate - a parking space in the Field Harbor parking garage.

    "We actually sold three stalls to a gentleman from London," says Delaney, executive vice president of Mark Goodman & Associates, a real estate management and brokerage firm that represents the garage's owner.
    ...
    A few decades ago, "parking was free, like air and water, and it was everywhere," Delaney says.
    ...
    "We're selling it one stall at a time," says Delaney, who acknowledges that offering the spaces, which are not attached to condominiums, is a bit novel.

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