A veteran real estate brokerage expert with unique experience in both tenant and landlord representation, Mr. Panici is the founder and president of PANICI Commercial LLC, a Chicago-based commercial real estate firm focusing on tenant and landlord representation for local and national businesses.
Mr. Panici began his career in 1977 as a CPA with a concentration on income tax issues related to real estate. His experience continued at Urban Investment & Development Company, later JMB Realty Corporation. In his tenure there, he was responsible for managing, leasing, and marketing a portfolio of 12 million square feet throughout the Midwest; managing successful tenant representation projects; and developing strategic planning tools for management staff, including a sophisticated lease analysis program. After founding PANICI Commercial LLC, he successfully marketed and leased 645 North Michigan Avenue, the office portion of Water Tower Place, the Tower Offices at 900 North Michigan, and the office portion of River East Plaza.
Mr. Panici received his undergraduate degree in accounting and finance from Northern Illinois University and a Master of Business Administration with a specialization in real estate finance from DePaul University. In 1993, he earned the prestigious Society of Industrial and Office Realtors (SIOR) designation, which is a professional symbol of the highest level of knowledge, production, and ethics in the real estate industry. He has also won several industry awards, including SIOR’s “Most Number of Inter-Chapter Office Transactions” (2003, 2004, 2005 and 2006), “Most Number of Intra-Chapter Office Transactions” (2005), and “Largest Dollar Volume Office Transaction” (2003, 2004, and 2005).
Mr. Panici is a licensed real estate broker in Illinois and Kentucky. He has been an active member of the Commercial Investment Real Estate Institute (CCIM), treasurer of the Chicago Real Estate Education Initiative (CREI), and long-term board member and treasurer of the Chicago Office Leasing Brokers Association (COLBA).
Areas of Practice
- Tenant Representation
18,190 sq. ft.
David represented Fifth Third Bank
Frederick represented TEC
Hobart, IN - September 18, 2014
CP Partners Worldwide
Steamboat Springs, CO
7,917 sq. ft.
Greenwood Village, CO - September 1, 2014